Independence realty trust, inc. (IRT)
Income statement / TTM
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

204,311

202,620

201,088

198,675

194,561

190,712

196,047

182,934

171,376

160,497

139,589

138,391

137,400

137,416

139,018

127,443

113,526

98,216

77,465

66,579

56,924

44,834

35,026

27,413

21,018

17,843

16,677

16,027

15,461

14,849

13,755

13,001

11,282

7,716

4,788

1,933

0

0

0

Property management and other income

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenue

205,033

203,223

201,604

199,084

195,017

191,232

183,870

175,157

167,829

161,216

156,800

155,098

153,864

153,388

155,066

142,194

126,585

109,576

86,205

73,762

62,693

49,171

38,601

30,339

23,390

19,943

18,687

17,941

17,327

16,629

15,389

14,570

12,658

8,668

5,396

2,177

0

0

0

EXPENSES:
Property operating expenses

79,419

79,568

79,954

79,200

77,831

76,363

73,523

69,927

67,142

64,716

63,666

63,577

63,282

63,148

61,312

57,150

52,044

46,281

38,476

32,675

27,743

21,636

18,326

14,596

11,252

9,429

8,978

8,663

8,346

8,066

7,560

7,182

6,362

4,477

2,825

1,104

0

0

0

Property management expenses

8,069

7,726

7,803

7,563

7,093

6,963

0

0

0

-

-

-

5,123

4,847

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expenses

15,014

12,745

12,391

11,856

11,190

10,817

10,582

10,326

10,160

9,526

9,918

10,261

10,342

10,864

14,623

12,287

9,913

7,790

1,584

1,503

1,468

1,137

1,068

923

639

648

589

687

840

968

971

1,019

814

566

348

99

0

0

0

Stock compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,375

3,561

2,802

1,736

1,199

758

336

272

219

268

0

-

0

0

-

-

-

-

-

-

-

Acquisition and integration expenses

-

-

-

-

-

-

-

-

-

1,342

962

412

155

43

561

13,372

13,532

13,555

13,672

1,529

1,513

1,842

1,251

0

0

-

0

-

-

157

176

182

509

488

404

346

0

0

0

Depreciation and amortization expense

55,196

52,815

50,233

47,582

46,444

45,221

43,502

41,390

37,818

34,201

32,186

31,280

30,904

34,824

38,559

35,498

33,583

28,094

20,318

18,923

16,435

12,520

9,970

7,669

5,500

4,413

4,102

3,934

3,682

3,466

3,159

2,949

2,591

1,771

1,083

453

0

0

0

Abandoned deal costs

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

157,828

152,854

150,427

146,247

142,604

139,410

134,625

128,897

122,491

115,791

112,179

110,868

109,806

113,726

118,481

121,990

112,796

99,394

80,411

59,960

51,720

40,630

31,962

24,708

18,337

15,010

14,082

13,749

13,320

12,897

11,982

11,394

10,285

7,311

4,660

2,002

0

0

0

Operating income

-

-

-

-

-

-

-

-

45,338

-

44,621

44,230

44,058

39,662

36,585

20,204

13,789

10,182

5,794

13,802

10,973

8,541

6,639

5,631

5,053

4,933

4,605

4,192

4,007

3,732

3,407

3,176

2,373

1,357

736

175

0

0

0

Interest expense

39,002

39,226

39,296

38,642

37,387

36,006

33,192

31,026

29,594

28,702

29,293

31,150

33,006

35,535

37,975

34,249

29,508

23,553

16,379

13,566

11,219

8,496

6,476

5,101

4,070

3,659

3,590

3,493

3,393

3,305

3,082

2,902

2,527

1,727

1,053

424

0

0

0

Other income (expense)

-

-

-

-

-

144

238

250

238

89

-7

0

0

-

0

-

-

19

24

13

14

17

0

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

0

Net gains (losses) on sale of assets

-

-

0

0

-

-

-

-

-

18,825

15,876

15,967

29,238

31,776

0

0

0

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TSRE financing extinguishment and employee separation expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition related debt extinguishment expenses

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains (losses) on TSRE merger and property acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

732

64,744

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Income tax provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Net income (loss):

43,414

46,354

37,063

36,987

25,676

26,610

18,400

14,720

30,696

31,441

-17,784

-16,533

-5,264

-9,555

37,559

60,788

30,351

30,156

25,943

249

-232

2,944

3,057

3,417

3,869

1,274

1,015

699

614

427

325

274

-154

-370

-318

0

0

0

-

(Income) loss allocated to preferred shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

10

13

15

15

15

12

8

4

0

0

0

0

-

-

Income allocated to noncontrolling interest

430

458

371

371

260

322

399

409

1,155

1,235

-717

-636

385

246

2,257

3,738

1,951

1,914

1,627

0

0

-

0

-

-

649

750

715

692

535

409

382

-83

-258

-233

0

0

0

-

Net income allocable to common shares

42,984

45,896

36,692

36,616

25,416

26,288

18,001

14,311

29,541

30,206

-17,067

-15,897

-5,649

-9,801

35,302

57,050

28,400

28,242

24,308

237

-228

2,940

3,059

3,370

3,546

615

252

-31

-93

-123

-96

-116

-75

-112

-85

-34

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

5,610

5,587

5,615

5,303

4,889

4,401

3,597

3,063

2,508

1,924

1,582

1,302

1,086

943

890

867

848

818

764

728

634

441

273

107

0

0

0

Other property income
Revenue

722

603

516

409

456

520

0

0

0

-

-

-

10,578

10,356

10,433

9,448

8,170

6,959

5,143

4,120

3,261

2,413

1,993

1,624

1,286

1,157

1,120

1,047

1,018

962

870

841

742

511

335

137

0

0

0