Independence Realty Trust (IRT) Operating Margin (2011 - 2024)
Independence Realty Trust's (IRT) quarterly Operating Margin came in at 22.96% in Q4 2024, down 76.0% year-on-year from 95.65% in Q1 2024, and up 23.8% quarter-over-quarter from 18.54% in Q3 2024.
Independence Realty Trust (IRT) Operating Margin (2011 - 2024) Analysis & Trends
Independence Realty Trust's Operating Margin history runs 12 years deep, the most recent figure standing at 22.96% for Q4 2024.
- On a quarterly basis, Operating Margin fell 76.0% year-over-year to 22.96% in Q4 2024; TTM through Dec 2024 was 21.06%, a 303.0% increase from a year earlier, with the FY2024 full-year figure at 18.99%, down 309.0% from the prior year.
- Operating Margin advanced to 22.96% in Q4 2024 per IRT's latest filing, from 18.54% in the prior quarter.
- Across five years, Operating Margin topped out at 23.72% in Q4 2023 and bottomed at 13.57% in Q1 2020.
- The 3-year median for Operating Margin is 20.62% (2023), against an average of 20.06%.
- Across the five-year window, Operating Margin sank 1123 bps in 2020 and plunged 76 bps in 2024, its largest moves.
- Year by year, Operating Margin stood at 13.57% in 2020, then soared by 75 bps to 23.72% in 2023, then fell by 3 bps to 22.96% in 2024.
- Per Business Quant, the three latest IRT Operating Margin figures stand at 22.96% (Q4 2024), 18.54% (Q3 2024), and 18.03% (Q2 2024).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.48 Bn | 26.48 Bn | - | - |
| 2 | Equity Residential | 25.80 Bn | 25.80 Bn | - | - |
| 3 | Invitation Homes | 18.05 Bn | 18.05 Bn | 694.98 Mn | 5.48% |
| 4 | Mid America Apartment Communities | 15.67 Bn | 15.54 Bn | 537.05 Mn | 59.64% |
| 5 | Sun Communities | 14.96 Bn | 14.96 Bn | 491.20 Mn | 1.34% |
| 6 | Udr | 13.01 Bn | 12.98 Bn | 416.43 Mn | 53.96% |
| 7 | Equity Lifestyle Properties | 12.85 Bn | 12.85 Bn | 378.95 Mn | 28.26% |
| 8 | American Homes 4 Rent | 12.22 Bn | 12.22 Bn | - | - |
| 9 | Camden Property Trust | 11.94 Bn | 11.94 Bn | - | - |
| 10 | Independence Realty Trust | 3.93 Bn | 3.93 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 22.96% |
| Sep 30, 2024 | 18.54% |
| Jun 30, 2024 | 18.03% |
| Dec 31, 2023 | 23.72% |
| Sep 30, 2023 | 23.01% |
| Jun 30, 2023 | 20.62% |
| Mar 31, 2020 | 13.57% |
| Dec 31, 2019 | 21.90% |
| Sep 30, 2019 | 20.28% |
| Jun 30, 2019 | 20.61% |
| Mar 31, 2019 | 24.80% |
| Dec 31, 2018 | 28.15% |
| Sep 30, 2018 | 28.63% |
| Jun 30, 2018 | 25.89% |
| Mar 31, 2018 | 25.56% |
| Dec 31, 2017 | 26.96% |
| Sep 30, 2017 | 27.40% |
| Jun 30, 2017 | 28.35% |
| Mar 31, 2017 | 30.10% |
| Dec 31, 2016 | 27.98% |