INDEPENDENCE REALTY TRUST INC
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
IRT$15.05-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
Consolidated Balance Sheets
| As of December 31, 2024 | As of December 31, 2023 | |
|---|---|---|
| ASSETS: | ||
| Investments in real estate: | ||
| Investments in real estate, at cost | $6,363,936 | $6,259,212 |
| Accumulated depreciation | (740,957) | (582,760) |
| Investments in real estate, net | 5,622,979 | 5,676,452 |
| Real estate held for sale | 110,112 | 296,334 |
| Investments in real estate under development | 116,861 | 98,365 |
| Cash and cash equivalents | 21,228 | 22,852 |
| Restricted cash | 22,224 | 27,880 |
| Investments in unconsolidated real estate entities | 91,975 | 89,044 |
| Other assets | 39,596 | 39,245 |
| Derivative assets | 29,300 | 29,937 |
| Intangible assets, net of accumulated amortization of $1,305 and $332, respectively | 3,644 | 66 |
| Total Assets | $6,057,919 | $6,280,175 |
| LIABILITIES AND EQUITY: | ||
| Indebtedness, net | $2,274,651 | $2,426,788 |
| Indebtedness associated with real estate held for sale | 59,032 | 122,621 |
| Accounts payable and accrued expenses | 94,670 | 109,074 |
| Accrued interest payable | 8,630 | 7,917 |
| Dividends payable | 37,827 | 36,858 |
| Other liabilities | 8,035 | 9,723 |
| Total Liabilities | 2,482,845 | 2,712,981 |
| Equity: | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value; 50,000,000 shares authorized, 0 and 0 shares issued and outstanding, respectively | — | — |
| Common stock, $0.01 par value; 500,000,000 shares authorized, 230,838,006 and 224,706,731 shares issued and outstanding, including 360,561 and 288,250 unvested restricted common share awards, respectively | 2,308 | 2,247 |
| Additional paid-in capital | 3,868,006 | 3,751,942 |
| Accumulated other comprehensive income | 26,065 | 25,513 |
| Accumulated deficit | (454,104) | (348,405) |
| Total stockholders’ equity | 3,442,275 | 3,431,297 |
| Noncontrolling interests | 132,799 | 135,897 |
| Total Equity | 3,575,074 | 3,567,194 |
| Total Liabilities and Equity | $6,057,919 | $6,280,175 |
The accompanying notes are an integral part of these consolidated financial statements
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