Independence Realty Trust Inc. (IRT) Financials
Key financial figures for Independence Realty Trust Inc. (Q3 2026).
IRT reported Q3 2026 CFFO of $0.29 per share, flat year over year, with same-store NOI up 1.6%, and holds the CFFO midpoint of its 2026 guidance while its pending Centerspace merger heads to a November 10 shareholder vote. Core FFO (CFFO) was $70.7 million, or $0.29 per share, against $70.0 million and $0.29 a year earlier. GAAP diluted EPS was $0.11 versus $0.03, helped by a roughly $26.5 million gain on the sale of Stonebridge Crossing (Memphis) for $55.8 million. No beat or miss is called against the calendar EPS consensus, because its basis is unstated and the quarter includes that gain. On the outlook: 2026 full-year guidance per the release: EPS $0.18 to $0.20 (previously $0.22 to $0.27); FFO per share $1.13 to $1.15 (previously $1.16 to $1.18); CFFO per share $1.13 to $1.15 (unchanged); same-store NOI growth 1.2% to 1.8% (previously 1.0% to 2.0%); same-store property revenue growth 1.6% to 1.8% (previously 1.5% to 1.9%); total same-store operating expense growth 1.6% to 2.4% (unchanged). Guidance excludes the Centerspace transaction other than merger and integration costs incurred through September 30, 2026 ($0.03 per share in FFO guidance). Figures are for Q3 2026, as Independence Realty Trust reported them.
- Revenue
- $172M
- Net Income
- $25M
- EPS
- $0.11
- Total Assets
- $6.1B
- Operating Cash Flow
- $81M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $172M | $25M | $0.11 | $37M | |
| Q2 FY2026 | $167M | $3M | $0.01 | $41M | |
| Q1 FY2026 | $165M | -$68K | $0.00 | $32M | |
| Q4 FY2025 | $167M | $33M | $0.14 | $42M | |
| Q3 FY2025 | $167M | $7M | $0.03 | $28M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $658M | $57M | $0.24 | $147M | |
| FY2024 | $640M | $39M | $0.17 | $85M | |
| FY2023 | $661M | -$17M | -$0.08 | $116M |
Frequently asked questions
What was Independence Realty Trust's revenue last quarter?
Independence Realty Trust reported revenue of $172.1 million for Q3 FY2026, up 3.0% from the same period a year earlier.
Is Independence Realty Trust profitable?
Yes. Independence Realty Trust reported net income of $25.1 million for Q3 FY2026, a net margin of 14.61% on revenue.
How much free cash flow did Independence Realty Trust generate?
Independence Realty Trust generated free cash flow of $37.5 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Independence Realty Trust Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.