Filing Flows › Independence Realty Trust (IRT) › Q3 2026
Independence Realty Trust (IRT) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Independence Realty Trust (IRT) reported revenue of $172M for the third quarter 2026 (Q3 2026), +3% from a year earlier and +3% from the quarter before. Operating margin was 16.7%, net earnings $25.1M (14.6% of revenue).
Independence Realty Trust, Q3 2026: revenue $172M (+3% year over year), operating margin 16.7%, net earnings $25.1M, operating cash flow $81.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $172M | +3% | +3% |
| Operating profit | $28.8M | +11% | -6% |
| Net earnings | $25.1M | +642% | +265% |
| Operating cash flow | $81.2M | +0.3% | +2% |
| Free cash flow | $79.6M | +1% | +6% |
What changed
Revenue was $172.1M in Q3 2026, up 3% year over year and up 3% from the previous quarter.
Operating profit was $28.8M, a 16.7% margin (down 1.5 points year over year). Operating profit fell $1.7M even though revenue rose $5.0M versus Q3 2025, so costs grew faster than sales. Total costs grew 5% against revenue growth of 3%. Net earnings were $25.1M, up 265% year over year. The effective tax rate was 0.0%.
Operating cash flow was $81.2M (up 2% year over year), 316% of net income including minority interests. Non-cash charges added back $65.9M of depreciation and amortization. Working capital and other items used $10.4M. Capital expenditures of $1.5M left free cash flow of $79.6M.
Questions
What was Independence Realty Trust's revenue in the third quarter 2026?
Independence Realty Trust (IRT) reported revenue of $172M for the third quarter 2026 (Q3 2026), +3% from a year earlier and +3% from the quarter before.
Was Independence Realty Trust profitable in the third quarter 2026?
Operating profit was $28.8M (16.7% of revenue) and net earnings $25.1M.