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Income Statement
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INDEPENDENCE REALTY TRUST, INC. (IRT)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
REVENUE:          
Rental and other property revenue  627.4249.5211.2202.6190.7160.5  
Other revenue  1.10.80.70.60.50.7  
    Total revenue  628.5250.3211.9203.2191.2161.2153.4109.6
            Total revenue growth  151.2%18.1%4.3%6.3%18.6%5.1%40.0%122.8%
EXPENSES:          
Property operating expenses  232.393.383.079.676.464.763.146.3
Property management expenses  24.09.58.57.77.0   
General and administrative expenses  26.318.615.112.710.89.510.97.8
    Total expenses  1,056.5198.7168.1152.9139.4115.8113.799.4
Interest expense  -87.0-36.4-36.5-39.2-36.0-28.7-35.5-23.6
Merger and integration costs  -5.5-47.1   1.30.013.6
Other (loss) income, net  1.6   0.10.10.00.0
Loss from investments in unconsolidated real estate entities  -2.2       
   
Restructuring costs          
    Net income (loss):  120.745.514.946.426.631.4-9.630.2
(Income) loss allocated to noncontrolling interest  -3.4-0.9-0.1-0.5-0.3-1.20.21.9
    Net income (loss) allocable to common shares  117.244.614.845.926.330.2  
   
Earnings (loss) per share:          
Basic (in dollars per share)  $0.53$0.41$0.16$0.51$0.30$0.41($0.19)$0.78
Diluted (in dollars per share)  $0.53$0.41$0.16$0.51$0.30$0.41($0.19)$0.78
   
Weighted-average shares:          
Basic (in shares)  222.0108.693.789.887.173.352.236.2
Diluted (in shares)  223.1109.894.790.487.473.652.236.2

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