Independence Realty Trust (IRT) Q1 FY2026 earnings: revenue $165 million, up 2.5% on the year
Independence Realty Trust, Inc. (IRT) reported revenue of $165 million for Q1 FY2026, the quarter ended 31 March 2026, up 2.5% on the same quarter a year earlier. Net income was -$68,000, and diluted earnings per share $0.00. The figures are the company's own, from the 10-Q it filed with the SEC on 30 April 2026.
Revenue$165 millionup 2.5%
Net income-$68,000
Diluted EPS$0.00
QuarterQ1 FY2026ended 31 March 2026
The quarter, against the one before and a year earlier
| Line | Q1 FY2026 | Q4 FY2025 | Q1 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue | 165 | 167 | 161 | +2.5% |
| Operating income | 21.7 | 34.8 | 27.1 | -19.9% |
| Operating margin | 13.1% | 20.8% | 16.8% | |
| Interest expense | 20.7 | 20.4 | 19.3 | +7.2% |
| Income tax | 0.0 | 0.0 | 0.0 | n/a |
| Net income | -0.1 | 33.3 | 8.4 | n/a |
| Net margin | -0.0% | 19.9% | 5.2% | |
| Diluted EPS | $0.00 | $0.14 | $0.04 | n/a |
$ million except per share.
Read more
Free 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 and capital returned
| Line | Q1 FY2026 | Q4 FY2025 | Q1 FY2025 | Change on the year |
|---|---|---|---|---|
| Operating cash flow | 55.3 | 60.2 | 60.4 | -8.4% |
| Capital expenditure | 1.9 | 2.0 | 7.1 | -73.5% |
| Free cash flow | 53.4 | 58.2 | 53.2 | +0.3% |
| Free cash flow margin | 32.3% | 34.8% | 33.0% | |
| Cash from investing | -66.0 | 10.1 | 10.4 | n/a |
| Cash from financing | 6.3 | -73.6 | -65.9 | n/a |
| Depreciation and amortisation | 64.6 | 63.0 | 58.7 | +10.1% |
| Share-based compensation | 3.8 | 1.1 | 3.9 | -4.9% |
| Buybacks | 29.9 | n/a | 0.0 | n/a |
| Dividends paid | 40.6 | 40.6 | 37.2 | +9.2% |
| Dividend per share | $0.17 | $0.17 | $0.16 | +6.3% |
| Diluted shares, weighted | 236m | n/a | 232m | +2.0% |
| Shares outstanding at period end | 236m | 237m | 234m | +0.8% |
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet at quarter end
| Line | Q1 FY2026 | Q4 FY2025 | Q1 FY2025 | Change on the year |
|---|---|---|---|---|
| Shareholders' equity | 3,393 | 3,460 | 3,455 | -1.8% |
| Non-controlling interest | 128 | 129 | 132 | -2.5% |
| Debt | 2,434 | 2,281 | 2,254 | +8.0% |
| Other liabilities | 144 | 151 | 142 | +1.2% |
| Total liabilities and equity | 6,099 | 6,022 | 5,983 | +1.9% |
| Intangible assets | 1.6 | 3.0 | 3.6 | -56.8% |
| Cash and equivalents | 23.3 | 23.6 | 29.1 | -19.7% |
| Other assets | 6,074 | 5,995 | 5,951 | +2.1% |
| Total assets | 6,099 | 6,022 | 5,983 | +1.9% |
Quarterly results, the last 12 quarters
| Q3 FY2023 | Q4 FY2023 | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 169 | 167 | 161 | 158 | 160 | 161 | 161 | 162 | 167 | 167 | 165 | 167 |
| Operating income | 38.8 | 39.7 | 28.7 | 29.0 | 30.9 | 36.9 | 27.1 | 27.5 | 30.5 | 34.8 | 21.7 | 25.9 |
| Operating margin | 23% | 24% | 18% | 18% | 19% | 23% | 17% | 17% | 18% | 21% | 13% | 16% |
| Interest expense | 22.0 | 23.5 | 20.6 | 17.5 | 18.3 | 19.8 | 19.3 | 18.8 | 20.5 | 20.4 | 20.7 | 21.6 |
| Net income | 3.9 | -40.5 | 17.6 | 10.6 | 12.4 | -1.0 | 8.4 | 8.0 | 6.9 | 33.3 | -0.1 | 3.4 |
| Net margin | 2% | -24% | 11% | 7% | 8% | -1% | 5% | 5% | 4% | 20% | -0% | 2% |
| Diluted EPS | $0.02 | -$0.18 | $0.08 | $0.05 | $0.05 | $0.00 | $0.04 | $0.03 | $0.03 | $0.14 | $0.00 | $0.01 |
| Operating cash flow | 75.8 | 59.2 | 44.1 | 83.0 | 69.2 | 63.4 | 60.4 | 82.2 | 79.3 | 60.2 | 55.3 | 80.9 |
| Capital expenditure | 17.9 | 17.7 | 14.1 | 12.8 | 15.0 | 14.9 | 7.1 | 5.1 | 4.0 | 2.0 | 1.9 | 2.2 |
| Free cash flow | 57.9 | 41.4 | 30.0 | 70.2 | 54.2 | 48.5 | 53.2 | 77.1 | 75.3 | 58.2 | 53.4 | 78.7 |
| Buybacks | n/a | n/a | n/a | n/a | n/a | n/a | 0.0 | 0.0 | n/a | n/a | 29.9 | -0.0 |
| Dividends paid | 35.9 | 35.9 | 36.1 | 36.0 | 36.0 | 36.0 | 37.2 | 36.9 | 39.7 | 40.6 | 40.6 | 40.0 |
| Shares outstanding | 225m | 225m | 225m | 225m | 225m | 231m | 234m | 234m | 239m | 237m | 236m | 236m |
| Filing | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Each quarter as filed, linked to its filing.
Read more
Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.Source
10-Q for the period ended 31 March 2026, filed 30 April 2026, accession 0001437749-26-014234: the filing on EDGAR. All of Independence Realty Trust, Inc.'s filings: EDGAR company page.
The same record on your computer
GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.