Inferra AI / Company / IRT
Independence Realty Trust, Inc.
IRT · Real Estate
Last earnings Aug 3, 2026
Key results
Net incomequarter
$8.0 million
1 Second Quarter Summary Net income available to common shares of $8.0 million for the quarter ended June 30, 2025 compared to $10.4 million for the quarter ended June 30, 2024 .
SEC original ↗Independence Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Operating incomequarter
2.0%
Same-store portfolio net operating income ( NOI ) growth of 2.0% for the quarter ended June 30, 2025 compared to the quarter ended June 30, 2024 .
SEC original ↗Independence Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
2 Second Quarter Summary Net income available to common shares of $8.0 million for the quarter ended June 30, 2025 compared to $10.4 million for the quarter ended June 30, 2024 .
SEC original ↗Independence Realty Trust, Inc. — Presentation / slide deck (8-K exhibit)EX-99Jul 30, 2025
AI analysis
Q2 2025 · reported Jul 30, 2025
Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $8.0 million | — | — |
| Operating income | 2.0% | — | — |
Guidance · company-stated
“growth 2.1%”
“growth 3.3%”
“($ in millions) Recurring $25”
Guidance stated in the release's Outlook: table; no direction stated — figures as stated in the table.
Capital allocation
Capital Expenditures Across our total portfolio for the three months ended June 30, 2025 , recurring capital expenditures were $10.5 million, or $309 per unit, value add expenditures were $9.7 million, non-recurring expenditures were $15.9 million and development expenditures were $3.6 million, respectively.
Event summary
Independence Realty Trust Announces Second Quarter 2025 Financial Results PHILADELPHIA (BUSINESS WIRE) July 30, 2025 Independence Realty
Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held
Guidance & outlook
revenue: “revenue growth 2.1%”
operating expense: “operating expense growth 3.3%”
Capital Expenditures: “Capital Expenditures ($ in millions) Recurring $25”
revenue (“Outlook:”)
“revenue growth 2.1%”
operating expense (“Outlook:”)
“operating expense growth 3.3%”
Capital Expenditures (“Outlook:”)
“Capital Expenditures ($ in millions) Recurring $25”
Guidance stated in the release's Outlook: table; no direction stated — figures as stated in the table.
Capital allocation
Capital Expenditures Across our total portfolio for the three months ended June 30, 2025 , recurring capital expenditures were $10.5 million, or $309 per unit, value add expenditures were $9.7 million, non-recurring expenditures were $15.9 million and development expenditures were $3.6 million, respectively.
SEC original ↗Independence Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
For the six months ended June 30, 2025, recurring capital expenditures were $16.0 million, or $470 per unit, value add expenditures were $17.2 million, non-recurring expenditures were $22.3 million and development expenditures were $9.0 million, respectively.
SEC original ↗Independence Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Balance Sheet and Liquidity At June 30, 2025, our net debt to Adjusted EBITDA was 6.3x.
SEC original ↗Independence Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
As of the same date and including the effect of hedges, our weighted average effective interest rate on our consolidated debt was 4.2% with a weighted average maturity of 3.4 years, and 99% of our debt was either subject to fixed interest rates or was hedged.
SEC original ↗Independence Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Dividend Distribution On May 14, 2025 , our Board of Directors declared a quarterly dividend of $0.17 per share of common stock, which represented a 6.3% increase over the prior quarterly rate of $0.16 per share.
SEC original ↗Independence Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
The second quarter dividend was paid on July 18, 2025 to stockholders of record at the close of business on June 27, 2025.
SEC original ↗Independence Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Strategy & priorities
IRT s investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail.
SEC original ↗Independence Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Furthermore, FFO and CFFO do not represent amounts available for management s discretionary use because of needed capital replacement or expansion, debt service obligations or other commitments or uncertainties.
SEC original ↗Independence Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Risks & headwinds
We are proud of our team s dedication and hard work in delivering another quarter of NOI growth and solid earnings despite the challenging environment and ongoing macroeconomic uncertainty, said Scott Schaeffer, Chairman and CEO.
SEC original ↗Independence Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Furthermore, FFO and CFFO do not represent amounts available for management s discretionary use because of needed capital replacement or expansion, debt service obligations or other commitments or uncertainties.
SEC original ↗Independence Realty Trust, Inc. — Earnings release (8-K exhibit)EX-99Jul 30, 2025
Legal Proceedings 36 Item 1A.
SEC original ↗Independence Realty Trust, Inc. — 10-Q Quarterly report10-QAug 4, 2026
Such an event could materially adversely affect our net income and net cash available for distribution to stockholders; however, we believe that we are organized and operate in such a manner as to qualify and maintain treatment as a REIT and intend to operate in such a manner so that we will remain qualified as a REIT for federal income tax purposes.
SEC original ↗Independence Realty Trust, Inc. — 10-Q Quarterly report10-QAug 4, 2026
Earnings deck slides
0 decks with slide viewIndependence Realty Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Independence Realty Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Independence Realty Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Independence Realty Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Independence Realty Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Independence Realty Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Independence Realty Trust, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documentsEarnings releases
10 documentsPresentations
7 documents
Transcripts
0 documentsNo transcripts for Independence Realty Trust, Inc. are held in this edition of the library.
Mentioned by
1 companyOther tracked companies whose held documents mention Independence Realty Trust, Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
“onstruction 3.0% TTM Net Deliveries as a %… … Exhibit 99.1 INDEPENDENCE REALTY TRUST AND CENTERSPACE An All-Stock Merger Creating an $8.1 Billion Multifamily REIT Focused on High-Growth, Non-Gateway Markets $8.1bn Ente”
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