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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Contents
EX-99.1 · Value Add Program
Value Add Program
We completed renovations of 454 units during the three months ended June 30, 2025, achieving a return on investment of 16.2%, with an average cost per unit renovated of $19,166, and an average monthly rent increase per unit of $259 over unrenovated comparable units. We completed renovations of 729 units during the six months ended June 30, 2025, achieving a return on investment of 16.2%, with an average cost per unit renovated of $18,901, and an average monthly rent increase per unit of $256 over unrenovated comparable units. See the Value Add Summary page of our supplemental information for additional information on our projects’ life to date as of June 30, 2025.
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