The Independence Realty Trust reports a gross margin of 58.7%, an operating margin of 15.6%, an EBITDA margin of 60.4%, and a net margin of 9.2%. Among the available margins, EBITDA margin improved the most and operating margin declined the most, by 8.4 and 3.1 percentage points respectively.
Over the last 3 years, Independence Realty Trust's margins averaged 58.68% gross, 19.04% operating, 51.75% EBITDA, and 3.74% net. For Independence Realty Trust, gross, EBITDA, and net margins are above their three-year averages, while operating margin is below its three-year average.
Compared with the same period last year, EBITDA margin expanded by 8.4 percentage points and net margin by 5.8 percentage points, while gross margin contracted by 0.3 percentage points and operating margin by 3.1 percentage points.
Looking back over the last 3 years, Independence Realty Trust recorded an average gross margin of 58.68%. Independence Realty Trust currently reports a gross margin of 58.7%, 0 percentage points above its three-year average. The highest gross margin for Independence Realty Trust was 59.1% in Dec 2025, while the lowest was 58.2% in Sep 2024.
The average operating margin for Independence Realty Trust was 19.04% over the last 3 years. Independence Realty Trust's current operating margin is 15.6% and is 3.4 percentage points below its three-year average. The operating margin for Independence Realty Trust moved between 15.6% in Sep 2026 and 21.7% in Dec 2023.
The average EBITDA margin for Independence Realty Trust was 51.75% over the last 3 years. Right now, Independence Realty Trust's current EBITDA margin is 60.4%, which is 8.7 percentage points above its three-year average. The EBITDA margin for Independence Realty Trust moved between 44.1% in Dec 2023 and 60.4% in Sep 2026.
Over the last 3 years, Independence Realty Trust's net margin averaged 3.74%. At present, Independence Realty Trust's current net margin is 9.2%, which is 5.5 percentage points above its three-year average. During this period, net margin reached a high of 9.2% in Sep 2026 and a low of -2.6% in Dec 2023.
With a gross margin of 58.7%, IRT stands above the industry average but below the Real Estate sector average. But in comparison with its Real Estate sector average of 60.8%, Independence Realty Trust's gross margin is only 3.5% lower.
As of Sep 30, 2026, IRT has a gross margin of 58.7%.
The current operating margin for IRT is 15.6% as of Sep 30, 2026.
The current EBITDA margin for IRT is 60.4% as of Sep 30, 2026.
The current net margin for IRT is 9.2% as of Sep 30, 2026.
The three-year average margins for IRT were 58.7% gross, 19.0% operating, 51.8% EBITDA, and 3.7% net.
Over the last 5 years, Independence Realty Trust's highest margins were 59.3% gross in Jun 2023, 22.4% operating in Jun 2023, 88.3% EBITDA in Mar 2022, and 34.2% net in Mar 2022.
Independence Realty Trust's lowest recorded margins during the past 5 years were 58.2% gross in Sep 2024, -0.8% operating in Mar 2022, 44.1% EBITDA in Dec 2023, and -2.6% net in Dec 2023.