INDEPENDENCE REALTY TRUST, INC.

For the period ended Jul 30, 2025. Filed Jul 30, 2025.

About this filing

A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Jul 30, 2025 · Filed Jul 30, 2025

Use the contents to explore the available documents and sections.

IRT$15.00-2.1%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

EX-99.2 · TRAILING FIVE QUARTERS

TRAILING FIVE QUARTERS

(Dollars in thousands, except per share 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	$161,891	$160,905	$160,617	$159,860	$158,104
Other revenue	297	338	346	275	298
Total revenue	162,188	161,243	160,963	160,135	158,402
Expenses:
Property operating expenses	60,935	59,263	54,195	60,538	60,883
Property management expenses	7,715	7,826	7,379	7,379	7,666
General and administrative expenses (a)	5,982	8,406	4,856	4,765	6,244
Depreciation and amortization expense	59,794	58,725	57,742	55,261	54,127
Casualty losses (gains), net	255	(115)	(80)	1,249	465
Total expenses	134,681	134,105	124,092	129,192	129,385
Interest expense	(18,773)	(19,348)	(19,770)	(18,308)	(17,460)
Gain on sale (loss on impairment) of real estate assets, net	—	1,496	(20,928)	688	(152)
Loss on extinguishment of debt	—	(67)	(2)	—	—
Other loss	—	(103)	—	—	—
(Loss) income from investments in unconsolidated real estate entities	(562)	(590)	2,729	(703)	(850)
Net income (loss)	$8,172	$8,526	$(1,100)	$12,620	$10,555
(Income) loss allocated to noncontrolling interests	(126)	(172)	99	(255)	(201)
Net income (loss) available to common shares	$8,046	$8,354	$(1,001)	$12,365	$10,354
Earnings per share - basic	$0.03	$0.04	$0.00	$0.05	$0.05
Weighted-average shares outstanding - Basic	233,496,633	230,723,583	224,951,978	224,820,656	224,793,229
Earnings per share - diluted	$0.03	$0.04	$0.00	$0.05	$0.05
Weighted-average shares outstanding - Diluted	234,131,752	231,828,484	224,951,978	226,058,400	225,418,825
Funds From Operations (FFO):
Net income (loss)	$8,172	$8,526	$(1,100)	$12,620	$10,555
Add-Back (Deduct):
Real estate depreciation and amortization	59,372	58,308	57,332	54,880	53,757
Our share of real estate depreciation and amortization from investments in unconsolidated real estate entities	457	457	(212)	598	598
Loss on impairment of real estate assets, net, excluding prepayment gains	—	73	20,928	160	336
FFO	$68,001	$67,364	$76,948	$68,258	$65,246
FFO per share	$0.28	$0.28	$0.33	$0.30	$0.28
CORE Funds From Operations (CFFO):
FFO	$68,001	$67,364	$76,948	$68,258	$65,246
Add-Back (Deduct):
Other depreciation and amortization	422	417	410	382	370
Casualty losses (gains), net	255	(115)	(80)	1,249	465
Loan (premium accretion) discount amortization, net	(1,985)	(2,029)	(2,249)	(2,239)	(2,283)
Prepayment (gains) penalties on asset dispositions	—	(1,569)	—	(848)	(184)
Loss on extinguishment of debt	—	67	2	—	—
Other loss	—	103	—	—	—
CFFO	$66,693	$64,238	$75,031	$66,802	$63,614
CFFO per share	$0.28	$0.27	$0.32	$0.29	$0.28
Weighted-average shares and units outstanding	239,438,276	236,665,226	230,893,621	230,762,299	230,734,872

(a)	Included in the three months ended March 31, 2025 is $2.8 million of stock compensation expense recorded with respect to stock awards granted to retirement eligible employees.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.