INDEPENDENCE REALTY TRUST, INC.
For the period ended Jul 30, 2025. Filed Jul 30, 2025.
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Jul 30, 2025 · Filed Jul 30, 2025
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IRT$15.00-2.1%Stored close · as of Nov 6, 2026
Contents
EX-99.2 · TRAILING FIVE QUARTERS
TRAILING FIVE QUARTERS
Dollars in thousands, except per unit data
| For the Three Months Ended | |||||
|---|---|---|---|---|---|
| June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | |
| Revenue: | |||||
| Rental and other property revenue | $148,113 | $146,856 | $147,071 | $148,430 | $146,609 |
| Property Operating Expenses: | |||||
| Real estate taxes | 17,655 | 18,338 | 16,240 | 16,129 | 17,887 |
| Property insurance | 3,381 | 3,716 | 3,719 | 3,713 | 3,808 |
| Personnel expenses | 11,891 | 11,495 | 11,575 | 12,739 | 12,172 |
| Utilities | 7,063 | 7,458 | 7,394 | 7,607 | 6,843 |
| Repairs and maintenance | 5,659 | 4,186 | 2,240 | 6,023 | 6,065 |
| Contract services | 5,825 | 5,500 | 5,140 | 5,616 | 5,643 |
| Advertising expenses | 2,552 | 1,835 | 1,627 | 2,226 | 1,989 |
| Other expenses | 1,620 | 1,564 | 1,492 | 1,537 | 1,584 |
| Total property operating expenses | 55,646 | 54,092 | 49,427 | 55,590 | 55,991 |
| Same-store portfolio NOI | $92,467 | $92,764 | $97,644 | $92,840 | $90,618 |
| Same-store portfolio NOI margin | 62.4% | 63.2% | 66.4% | 62.5% | 61.8% |
| Average occupancy | 95.3% | 95.5% | 95.5% | 95.4% | 95.2% |
| Average effective monthly rent, per unit | $1,575 | $1,573 | $1,571 | $1,571 | $1,561 |
| For the Three Months Ended | |||||
|---|---|---|---|---|---|
| June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | |
| Rental and other property revenue | |||||
| Same-store portfolio | $148,113 | $146,856 | $147,071 | $148,430 | $146,609 |
| Non same-store portfolio | 13,778 | 14,049 | 13,546 | 11,430 | 11,495 |
| Total rental and other property revenue | 161,891 | 160,905 | 160,617 | 159,860 | 158,104 |
| Property operating expenses | |||||
| Same-store portfolio | 55,646 | 54,092 | 49,427 | 55,590 | 55,991 |
| Non same-store portfolio | 5,289 | 5,171 | 4,768 | 4,948 | 4,892 |
| Total property operating expenses | 60,935 | 59,263 | 54,195 | 60,538 | 60,883 |
| NOI | |||||
| Same-store portfolio | 92,467 | 92,764 | 97,644 | 92,840 | 90,618 |
| Non same-store portfolio | 8,489 | 8,878 | 8,778 | 6,482 | 6,603 |
| Total property NOI | $100,956 | $101,642 | $106,422 | $99,322 | $97,221 |
| (a) | Same-store portfolio consists of 105 properties, which represent 30,502 units. |
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| (b) | See the definitions at the end of this release for a reconciliation from GAAP net income (loss) to NOI. |
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