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IRT

Independence Realty Trust Inc

$21.88

Earnings Summary

Revenue
$154.76Mn
Net Profits
$-7.4Mn
Net Profit Margins
-4.78%
PE Ratio
33.63

Highlights

Revenue:

Independence Realty Trust Inc’s revenue jumped 169.42% since last year same period to $154.76Mn in the Q2 2022. On a quarterly growth basis, Independence Realty Trust Inc has generated 2.93% jump in its revenue since last 3-months.

Net Profits:

Independence Realty Trust Inc’s net profit fell -318.52% since last year same period to $-7.4Mn in the Q2 2022. On a quarterly growth basis, Independence Realty Trust Inc has generated -109.92% fall in its net profits since last 3-months.

Net Profit Margins:

Independence Realty Trust Inc’s net profit margin fell -181.11% since last year same period to -4.78% in the Q2 2022. On a quarterly growth basis, Independence Realty Trust Inc has generated -109.64% fall in its net profit margins since last 3-months.

PE Ratio:

Independence Realty Trust Inc’s price-to-earnings ratio after this Q2 2022 earnings stands at 33.63.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Independence Realty Trust Inc post its latest quarter earnings

EPS Estimate Current Quarter
0.16
EPS Estimate Current Year
0.16

Highlights

EPS Estimate Current Quarter:

Independence Realty Trust Inc’s earning per share (EPS) estimates for the current quarter stand at 0.16 - a 433.33% jump from last quarter’s estimates.

EPS Estimate Current Year:

Independence Realty Trust Inc’s earning per share (EPS) estimates for the current year stand at 0.16.

Key Ratios

Key ratios of the Independence Realty Trust Inc post its Q2 2022 earnings

Earning Per Share (EPS)
-0.03
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.05
Dividend Per Share (DPS)
0.5

Highlights

Earning Per Share (EPS):

Independence Realty Trust Inc’s earning per share (EPS) fell -200% since last year same period to -0.03 in the Q2 2022. This indicates that the Independence Realty Trust Inc has generated -200% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Independence Realty Trust Inc’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Independence Realty Trust Inc’s return on equity (ROE) stands at 0.05.

Dividend Per Share (DPS):

Independence Realty Trust Inc declared 0.5 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-04
0.35
0.34
-2.86%
2022-07-28
0.03
-0.03
-200%

Company Information

Independence Realty Trust is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Dallas, Louisville, Memphis, Raleigh and Tampa. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.

Organisation
Independence Realty Trust Inc
Headquarters
Philadelphia, Pennsylvania, US
Employees
444
Industry
Finance
CEO
Scott Schaeffer