Independence realty trust, inc. (IRT)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
REVENUE:
Rental and other property revenue

51,156

51,250

51,057

50,848

49,465

49,718

48,644

46,734

45,616

55,053

35,531

35,176

34,737

34,145

34,333

34,185

34,753

35,747

22,758

20,268

19,443

14,996

11,872

10,613

7,353

5,188

4,259

4,218

4,178

4,022

3,609

3,652

3,566

2,928

2,855

1,933

0

0

0

Property management and other income

-

-

-

-

-

-

-

-

-

-

202

130

247

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenue

51,350

51,428

51,299

50,956

49,540

49,809

48,779

46,889

45,755

42,447

40,066

39,561

39,142

38,031

38,364

38,327

38,666

39,709

25,492

22,718

21,657

16,338

13,049

11,649

8,135

5,768

4,787

4,700

4,688

4,512

4,041

4,086

3,990

3,272

3,222

2,174

0

0

3

EXPENSES:
Property operating expenses

19,737

19,064

20,546

20,072

19,886

19,450

19,792

18,703

18,418

16,610

16,196

15,918

15,992

15,560

16,107

15,623

15,858

13,724

11,945

10,517

10,095

5,919

6,144

5,585

3,988

2,609

2,414

2,241

2,165

2,158

2,099

1,924

1,885

1,652

1,721

1,104

0

0

0

Property management expenses

2,156

1,950

1,901

2,062

1,813

2,027

1,661

1,592

1,683

-

-

-

1,538

1,137

1,219

1,229

1,262

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expenses

5,376

2,987

3,113

3,538

3,107

2,633

2,578

2,872

2,734

2,398

2,322

2,706

2,100

2,790

2,665

2,787

2,622

6,549

329

413

499

343

248

378

168

274

103

94

177

215

201

247

305

218

249

42

57

0

0

Stock compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

217

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,259

1,260

1,212

644

445

501

146

107

4

79

82

-

54

53

-

-

-

-

-

-

-

Acquisition and integration expenses

-

-

-

-

-

-

-

-

-

386

569

265

122

6

19

8

10

524

12,830

168

33

641

687

152

362

-

50

-

-

65

52

13

27

84

58

340

6

0

0

Depreciation and amortization expense

14,828

14,213

13,434

12,721

12,447

11,631

10,783

11,583

11,224

9,912

8,671

8,011

7,607

7,897

7,765

7,635

11,527

11,632

4,704

5,720

6,038

3,856

3,309

3,232

2,123

1,306

1,008

1,063

1,036

995

840

811

820

688

630

453

0

0

0

Abandoned deal costs

130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

42,227

38,214

38,994

38,393

37,253

35,787

34,814

34,750

34,059

31,002

29,086

28,344

27,359

27,390

27,775

27,282

31,279

32,145

31,284

18,088

17,877

13,162

10,833

9,848

6,787

4,494

3,579

3,477

3,460

3,566

3,246

3,048

3,037

2,651

2,658

1,939

63

0

0

Operating income

-

-

-

-

-

-

-

-

11,696

-

10,980

11,217

11,783

10,641

10,589

11,045

7,387

7,564

-5,792

4,630

3,780

3,176

2,216

1,801

1,348

1,274

1,208

1,223

1,228

946

795

1,038

953

621

564

235

-63

0

3

Interest expense

9,497

9,873

9,783

9,849

9,721

9,943

9,129

8,594

8,340

7,129

6,963

7,162

7,448

7,720

8,820

9,018

9,977

10,160

5,094

4,277

4,022

2,986

2,281

1,930

1,299

966

906

899

888

897

809

799

800

674

629

424

0

0

0

Other income (expense)

-

-

-

-

-

0

0

0

144

94

12

-12

-5

-

-2

-

-

0

18

0

1

5

7

1

4

-

-

0

-

-

-

-

-

-

-

-

-

-

0

Net gains (losses) on sale of assets

-

-

2,390

12,142

-

-

-

-

-

2,952

-92

16,050

-85

3

-1

29,321

2,453

-

-

-

-

-

-

0

2,882

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TSRE financing extinguishment and employee separation expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,508

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-572

-

-

-

-558

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition related debt extinguishment expenses

-

-

-

-

-

-

-

-

-

-

2,781

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains (losses) on TSRE merger and property acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

0

641

0

91

-

64,012

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3

Income tax provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

Net income (loss):

-374

24,020

4,912

14,856

2,566

14,729

4,836

3,545

3,500

6,519

1,156

19,521

4,245

-42,706

2,407

30,790

-46

4,408

25,636

353

-241

195

-58

-128

2,935

308

302

324

340

49

-14

239

153

-53

-65

-189

-63

-1

-

(Income) loss allocated to preferred shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2

4

4

3

4

4

4

0

0

0

0

-

-

Income allocated to noncontrolling interest

-2

236

49

147

26

149

49

36

88

226

59

782

168

-1,726

140

1,803

29

285

1,621

16

-8

-

-2

-

-

0

45

272

332

101

10

249

175

-25

-17

-216

0

0

-

Net income allocable to common shares

-372

23,784

4,863

14,709

2,540

14,580

4,787

3,509

3,412

6,293

1,097

18,739

4,077

-40,980

2,267

28,987

-75

4,123

24,015

337

-233

189

-56

-128

2,935

308

255

48

4

-55

-28

-14

-26

-28

-48

27

-63

-1

3

Earnings per share:
Basic

0.00

0.27

0.05

0.16

0.03

0.17

0.05

0.04

0.04

0.06

0.02

0.27

0.06

-

0.05

0.61

-

0.07

0.71

0.01

-0.01

-0.04

0.00

-0.01

0.19

0.07

0.03

0.01

0.01

-0.11

-0.09

-0.04

-0.21

-1.39

-2.40

1.35

-3.16

-0.06

0.13

Diluted

0.00

0.27

0.05

0.16

0.03

0.17

0.05

0.04

0.04

0.06

0.02

0.27

0.06

-

0.05

0.61

-

0.07

0.71

0.01

-0.01

-0.04

0.00

-0.01

0.19

0.08

0.03

0.01

0.00

-0.11

-0.09

-0.04

-0.21

-1.39

-2.40

1.35

-3.16

-0.06

0.13

Weighted-average shares:
Basic

90,895

90,666

90,027

89,513

88,989

88,696

87,702

86,644

85,303

83,760

71,972

68,832

68,787

67,236

47,215

47,183

47,093

47,089

33,962

31,794

31,768

28,346

24,011

17,707

15,198

9,777

7,643

3,556

345

331

324

320

125

20

20

20

20

20

20

Diluted

90,895

91,442

90,691

90,019

89,516

89,017

88,046

86,908

85,535

84,352

72,144

68,943

68,958

67,092

47,314

47,229

47,093

45,843

33,962

33,066

31,768

29,197

24,011

17,707

15,213

4,502

7,643

3,556

5,620

331

324

320

125

20

20

20

20

20

20

Dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.15

0.15

0.15

-

-

-

-

-

-

Tenant reimbursement income
Revenue

-

-

-

-

-

-

-

-

-

-

-

-

1,461

1,393

1,351

1,405

1,438

1,421

1,039

991

950

617

505

436

366

275

225

220

223

222

202

201

193

168

166

107

0

0

0

Other property income
Revenue

194

178

242

108

75

91

135

155

139

-

-

-

2,697

2,464

2,680

2,737

2,475

2,541

1,695

1,459

1,264

725

672

600

416

305

303

262

287

268

230

233

231

176

201

134

0

0

3