Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $153M | $161M | $191M | $203M | $212M | $250M | $629M | $661M | $640M | $658M |
| Revenue growth | — | 5.1% | 18.6% | 6.3% | 4.3% | 18.1% | 151.2% | 5.2% | -3.2% | 2.8% |
| Operating income | $39.7M | $45.4M | $51.8M | — | — | — | — | — | — | — |
| Operating margin | 25.9% | 28.2% | 27.1% | — | — | — | — | — | — | — |
| Net income | -$9.55M | $30.2M | $26.3M | $45.9M | $14.8M | $44.6M | $117M | -$17.2M | $39.3M | $56.6M |
| Net margin | -6.2% | 18.7% | 13.7% | 22.6% | 7.0% | 17.8% | 18.7% | -2.6% | 6.1% | 8.6% |
| EPS (diluted) | -$0.19 | $0.41 | $0.30 | $0.51 | $0.16 | $0.41 | $0.53 | -$0.08 | $0.17 | $0.24 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$7.53M | $54.3M | $68.5M | $75.0M | $75.0M | $52.3M | $250M | $262M | $260M | $282M |
| Capital expenditures | $10.7M | $14.4M | $599K | $249K | $84.0K | $177K | — | — | — | — |
| Free cash flow | -$18.2M | $40.0M | $67.9M | $74.8M | $74.9M | $52.1M | — | — | — | — |
| Share buybacks | $62.2M | — | — | — | — | — | — | $0.00 | $0.00 | $30.0M |
| Dividends paid | $36.6M | $52.3M | $52.5M | $64.7M | $56.1M | $49.8M | $106M | $135M | $144M | $154M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $20.9M | $9.32M | $9.32M | $9.89M | $8.75M | $36.0M | $16.1M | $22.9M | $21.2M | $23.6M |
| Total assets | $1.29B | $1.45B | $1.66B | $1.66B | $1.73B | $6.51B | $6.53B | $6.28B | $6.06B | $6.02B |
| Total liabilities | $766M | $805M | $1.03B | $1.04B | $1.02B | $2.86B | $2.79B | $2.71B | $2.48B | $2.43B |
| Long-term debt | $744M | $778M | $985M | $986M | $946M | $2.71B | $2.63B | $2.55B | $2.33B | $2.28B |
| Shareholders' equity | $507M | $624M | $623M | $613M | $708M | $3.48B | $3.60B | $3.43B | $3.44B | $3.46B |
| Retained earnings | -$62.2M | -$85.2M | -$122M | -$142M | -$179M | -$188M | -$192M | -$348M | -$454M | -$555M |
| Shares (wtd avg diluted) | 52.2M | 73.6M | 87.4M | 90.4M | 94.7M | 110M | 223M | 224M | 226M | 235M |
Every figure is extracted from INDEPENDENCE REALTY TRUST, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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