Filing Flows › Independence Realty Trust (IRT) › Q2 2026
Independence Realty Trust (IRT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Independence Realty Trust (IRT) reported revenue of $167M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +1% from the quarter before. Operating margin was 15.5%, net earnings $3.4M (2.0% of revenue).
Independence Realty Trust, Q2 2026: revenue $167M (+3% year over year), operating margin 15.5%, net earnings $3.4M, operating cash flow $80.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $167M | +1% | +3% |
| Operating profit | $25.9M | +19% | -6% |
| Net earnings | $3.4M | — | -58% |
| Operating cash flow | $80.9M | +46% | -2% |
| Free cash flow | $78.7M | +47% | +2% |
What changed
Revenue was $167.2M in Q2 2026, up 3% year over year and up 1% from the previous quarter.
Operating profit was $25.9M, a 15.5% margin (down 1.4 points year over year). Operating profit fell $1.6M even though revenue rose $5.1M versus Q2 2025, so costs grew faster than sales. Total costs grew 5% against revenue growth of 3%. Net earnings were $3.4M, down 58% year over year. The effective tax rate was 0.0%.
Operating cash flow was $80.9M (down 2% year over year), 2367% of net earnings. Non-cash charges added back $64.9M of depreciation and amortization. Working capital and other items added $12.6M. Capital expenditures of $2.2M left free cash flow of $78.7M.
Questions
What was Independence Realty Trust's revenue in the second quarter 2026?
Independence Realty Trust (IRT) reported revenue of $167M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +1% from the quarter before.
Was Independence Realty Trust profitable in the second quarter 2026?
Operating profit was $25.9M (15.5% of revenue) and net earnings $3.4M.