Independence Realty Trust (IRT) FY2021 results: revenue $250 million, up 18.1% on the year
Independence Realty Trust, Inc. (IRT) reported revenue of $250 million for fiscal 2021, the year ended 31 December 2021, up 18.1% on the year before. Net income was $45 million, up 201.9%, and diluted earnings per share $0.41. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$250 million
+18.1% on the year
FY2014FY2021
Operating margin
20.6%
20.7% a year earlier
FY2014FY2021
Net income
$45 million
+201.9% on the year
FY2014FY2021
Diluted EPS
$0.41
+156.2% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
52.3
75.0
75.0
-30.3%
Capital expenditure
0.2
0.1
0.2
+110.7%
Free cash flow
52.1
74.9
74.8
-30.4%
Free cash flow margin
20.8%
35.3%
36.8%
Cash from investing
-216
-125
-106
Cash from financing
216
48.8
29.8
+342.8%
Depreciation and amortisation
76.9
60.7
52.8
+26.7%
Share-based compensation
7.2
5.6
3.1
+29.9%
Dividends paid
49.8
56.1
64.7
-11.2%
Dividend per share
$0.48
$0.54
$0.72
-11.1%
Diluted shares, weighted
110m
95m
90m
+16.0%
Shares outstanding at period end
221m
102m
91m
+116.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,481
708
613
+391.6%
Non-controlling interest
161
4.7
6.5
+3,324.2%
Debt
2,705
946
986
+186.1%
Other liabilities
159
76.4
58.8
+108.4%
Total liabilities and equity
6,507
1,735
1,664
+275.0%
Intangible assets
53.3
0.8
0.4
+6,625.9%
Cash and equivalents
36.0
8.8
9.9
+311.1%
Other assets
6,417
1,725
1,654
+272.0%
Total assets
6,507
1,735
1,664
+275.0%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.