Independence Realty Trust (Independence Realty Trust) EBIT : $79.7 Mil (TTM As of Mar. 2024)

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What is Independence Realty Trust EBIT?

Independence Realty Trust's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $38.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $79.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Independence Realty Trust's annualized ROC % for the quarter that ended in Mar. 2024 was 1.86%. Independence Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 181.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Independence Realty Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.37%.

Independence Realty Trust EBIT Historical Data

The historical data trend for Independence Realty Trust's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Independence Realty Trust EBIT Chart

Independence Realty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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85.58

51.37

81.93

207.61

72.11

Independence Realty Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															31.00	33.22	26.02	-18.12	38.56

Competitive Comparison of Independence Realty Trust's EBIT

For the REIT - Residential subindustry, Independence Realty Trust's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Independence Realty Trust's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Independence Realty Trust's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Independence Realty Trust's EV-to-EBIT falls into.

Independence Realty Trust EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $79.7 Mil.

Independence Realty Trust (NYSE:IRT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Independence Realty Trust's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	123.848 * ( 1 - 0% )	/	( (6772.57	+	6544.458)	/ 2 )
=	123.848	/	6658.514
=	1.86 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	6280.175	-	153.849	-	( 22.852	-	max(0, 993.31	-	347.066	+	22.852	))
=	6772.57

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5972.848	-	127.719	-	( 21.275	-	max(0, 839.832	-	140.503	+	21.275	))
=	6544.458

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Independence Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	154.256	/	( ( (0 + max(170.365, 0))	+	(0 + max(-8.4909999999999, 0)) )	/	2 )
=	154.256	/	( ( 170.365	+	0 )	/	2 )
=	154.256	/	85.1825
=	181.09 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	324.214)	-	(153.849	+	0	+	0)
=	170.365

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	119.228)	-	(127.719	+	0	+	-1.1368683772162E-13)
=	-8.4909999999999

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Independence Realty Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	79.682	/	5805.183
	=	1.37 %

Independence Realty Trust EBIT Related Terms

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Independence Realty Trust (Independence Realty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Independence Realty Trust Inc (NYSE:IRT) » Definitions » EBIT

Comparable Companies

VRE AIRC ELME UMH AIV CSR NXRT BRT CLPR BHM AVB EQR INVH MAA SUI ESS ELS AMH UDR CPT

Traded in Other Exchanges

N/A

Address

1835 Market Street, Suite 2601, Philadelphia, PA, USA, 19103

Website

https://www.irtliving.com

Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and employment centers.

Executives

Michele R. Weisbaum	other: General Counsel	C/O RESOURCE AMERICA, INC., 1845 WALNUT STREET, 18TH FLOOR, PHILADELPHIA PA 19103
Scott Schaeffer	director, officer: Chairman, CEO & President	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Ella S Neyland	director, officer: Chief Operating Officer
Stephen R. Bowie	director	18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Thomas H. Purcell	director	18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Ned Brines	director	18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Del Rio Ana Marie	director	18100 VON KARMAN AVE, SUITE 500, IRVINE CA 92612
Lisa Washington	director	311 ROUSER ROAD, MOON TOWNSHIP PA 15108
Richard H Ross	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
James J Sebra	officer: CFO & Treasurer	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
William C Dunkelberg	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Jessica K Norman	officer: EVP, General Counsel	1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Jason R Delozier	officer: CAO and Controller	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Richard D Gebert	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Melinda H Mcclure	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103