INDEPENDENCE REALTY TRUST, INC.

For the period ended Nov 2, 2026. Filed Nov 2, 2026.

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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.

Nov 2, 2026 · Filed Nov 2, 2026

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

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Contents

EX-99.2 · TRAILING FIVE QUARTERS

TRAILING FIVE QUARTERS

(Dollars in thousands, except per share data)

	For the Three Months Ended
	September 30, 2026	June 30, 2026	March 31, 2026	December 31, 2025	September 30, 2025
Revenue:
Rental and other property revenue	$171,957	$167,126	$165,213	$166,797	$166,888
Other revenue	152	115	109	330	250
Total revenue	172,109	167,241	165,322	167,127	167,138
Expenses:
Property operating expenses	64,340	63,375	62,124	57,260	61,699
Property management expenses	7,662	7,931	8,237	6,674	7,891
General and administrative expenses (a)	4,983	5,685	8,514	4,673	4,905
Depreciation and amortization expense	65,874	64,861	64,632	62,984	61,735
Casualty losses (gains), net	498	(553)	77	755	419
Total expenses	143,357	141,299	143,584	132,346	136,649
Interest expense	(22,723)	(21,583)	(20,732)	(20,422)	(20,455)
Gain on sale (loss on impairment) of real estate assets, net	26,474	—	—	17,491	(12,841)
Other loss	(29)	(105)	(86)	(238)	(12)
(Loss) income from investments in unconsolidated real estate entities	(555)	(836)	(1,047)	2,403	9,814
Merger and integration costs	(6,200)	—	—	—	—
Net income (loss)	$25,719	$3,418	$(127)	$34,015	$6,995
(Income) loss allocated to noncontrolling interests	(573)	(27)	59	(749)	(102)
Net income (loss) available to common shares	$25,146	$3,391	$(68)	$33,266	$6,893
Earnings per share - basic	$0.11	$0.01	$0.00	$0.14	$0.03
Weighted-average shares outstanding - Basic	235,423,510	235,400,393	236,432,728	237,765,494	233,634,546
Earnings per share - diluted	$0.11	$0.01	$0.00	$0.14	$0.03
Weighted-average shares outstanding - Diluted	236,113,360	236,037,395	236,432,728	238,495,087	234,283,170
Funds From Operations (FFO):
Net income (loss)	$25,719	$3,418	$(127)	$34,015	$6,995
Add-Back (Deduct):
Real estate depreciation and amortization	65,300	64,319	64,114	62,497	61,282
Our share of real estate depreciation and amortization from investments in unconsolidated real estate entities	886	831	876	609	375
(Gain on sale) loss on impairment of real estate assets, net, excluding prepayment gains	(26,474)	—	—	(17,491)	12,841
Gain on sale of real estate associated with unconsolidated real estate entities	—	—	—	(187)	(10,389)
FFO	$65,431	$68,568	$64,863	$79,443	$71,104
FFO per share	$0.27	$0.28	$0.27	$0.33	$0.30
CORE Funds From Operations (CFFO):
FFO	$65,431	$68,568	$64,863	$79,443	$71,104
Add-Back (Deduct):
Other depreciation and amortization	574	542	518	487	453
Casualty losses (gains), net	498	(553)	77	755	419
Loan (premium accretion) discount amortization, net	(2,018)	(2,021)	(2,017)	(2,013)	(2,001)
Other loss	29	105	86	238	12
Merger and integration costs	6,200	—	—	—	—
CFFO	$70,714	$66,641	$63,527	$78,910	$69,987
CFFO per share	$0.29	$0.28	$0.26	$0.32	$0.29
Weighted-average shares and units outstanding	241,365,153	241,342,036	242,374,371	243,707,137	239,576,189

(a)	Included in the three months ended March 31, 2026, is $2.4 million of stock compensation expense recorded with respect to stock awards granted to retirement eligible employees.

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