Independence Realty Trust (IRT) Operating Margin (2011 - 2024)
Independence Realty Trust (IRT) posted Operating Margin of 22.96% for Q4 2024, up 23.8% on a QoQ basis from 18.54% in Q3 2024, and down 76.0% year-over-year from 95.65% in Q1 2024.
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Independence Realty Trust (IRT) Operating Margin (2011 - 2024) Analysis & Trends
Independence Realty Trust has reported Operating Margin for 12 years, with the latest figure at 22.96% in 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 was 22.96% for Q4 2024 at Independence Realty Trust, up from 18.54% in the prior quarter.
- The five-year high for Operating Margin was 23.72% in Q4 2023, with the low at 13.57% in Q1 2020.
- Average Operating Margin over 3 years is 20.06%, with a median of 20.62% recorded in 2023.
- The sharpest annual moves came in 2020 and 2024: Operating Margin plunged 1123 bps in 2020, then tumbled 76 bps in 2024.
- Over 3 years, Operating Margin stood at 13.57% in 2020, then jumped by 75 bps to 23.72% in 2023, then retreated by 3 bps to 22.96% in 2024.
- The last three Operating Margin figures came in at 22.96% (Q4 2024), 18.54% (Q3 2024), and 18.03% (Q2 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vivmark Residential | 24.37 Bn | 24.37 Bn | - | - |
| 2 | Invitation Homes | 16.34 Bn | 16.34 Bn | 705.34 Mn | 6.40% |
| 3 | Mid America Apartment Communities | 14.46 Bn | 14.33 Bn | 537.17 Mn | 57.37% |
| 4 | Sun Communities | 14.11 Bn | 14.11 Bn | 460.10 Mn | 5.30% |
| 5 | Equity Lifestyle Properties | 11.69 Bn | 11.69 Bn | 375.97 Mn | 24.98% |
| 6 | American Homes 4 Rent | 11.38 Bn | 11.38 Bn | - | - |
| 7 | Udr | 11.36 Bn | 11.36 Bn | 412.43 Mn | 27.23% |
| 8 | Camden Property Trust | 10.49 Bn | 10.49 Bn | - | - |
| 9 | Avalonbay Communities | 9.67 Bn | 9.87 Bn | - | - |
| 10 | Independence Realty Trust | 3.59 Bn | 3.59 Bn | - | - |
Historic Data
Download Data
Historic 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% |