Independence Realty Trust Inc (N:IRT)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1835 Market Street, Suite 2601 PHILADELPHIA PA 19103 |
| Tel: | 1-917-3657979 |
| Website: | https://www.irtliving.com |
| IR: | See website |
| Key People | ||
| Scott F. Schaeffer Chairman of the Board, President, Chief Executive Officer | James J. Sebra Chief Financial Officer, Treasurer | Jason R. Delozier Chief Accounting Officer, Controller | Michele Weisbaum General Counsel, Company Secretary |
| Business Overview |
| Independence Realty Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company's investment strategy is focused on gaining scale near major employment centers within submarkets that offer good school districts and retail. The Company acquires, owns, operates, improves, and manages multifamily apartment communities across non-gateway United States markets. The Company owns and operates approximately 113 multifamily apartment properties across non-gateway United States markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa, Florida. The Company's portfolio of properties consists primarily of apartment communities geographically concentrated in the Southeastern and Midwest United States. The Company owns all of its assets and conducts all its operations through Independence Realty Operating Partnership, LP (IROP). |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Independence Realty Trust Inc revenues increased 5% to $661M. Net loss totaled $17.2M vs. income of $117.2M. Revenues reflect NAREIT FFO - Per Share - Basic - Total increase of 2% to $1.17, Other revenue increase of 3% to $1.1M. Net loss reflects G/L on sale of inv properties - property decrease from $111.8M (income) to $66.5M (expense). |
| Employees: | 952 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6,054M as of Dec 31, 2023 |
| Annual revenue (TTM): | $660.98M as of Dec 31, 2023 |
| EBITDA (TTM): | $365.41M as of Dec 31, 2023 |
| Net annual income (TTM): | -$17.23M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$85.55M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2,527M as of Dec 31, 2023 |
| Shares outstanding: | 225,079,387 as of Mar 15, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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