Earnings Summary

Independence Realty Trust Inc’s revenue jumped 5.94% since last year same period to $163.96Mn in the Q2 2023. On a quarterly growth basis, Independence Realty Trust Inc has generated 1.6% jump in its revenue since last 3-months.

Independence Realty Trust Inc’s net profit jumped 248.63% since last year same period to $10.71Mn in the Q2 2023. On a quarterly growth basis, Independence Realty Trust Inc has generated 23.83% jump in its net profits since last 3-months.

Independence Realty Trust Inc’s net profit margin jumped 240.3% since last year same period to 6.53% in the Q2 2023. On a quarterly growth basis, Independence Realty Trust Inc has generated 21.88% jump in its net profit margins since last 3-months.

Independence Realty Trust Inc’s earning per share (EPS) estimates for the current quarter stand at 0.06 - a 500% jump from last quarter’s estimates.

Independence Realty Trust Inc’s earning per share (EPS) estimates for the current year stand at 0.06.

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.

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 0.02.

Independence Realty Trust Inc declared 0.14 dividend per share during the earnings announcement for Q1 2023.