Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-36041 ______________________________________________________ INDEPENDENCE REALTY TRUST, I ...

Real Estate Portfolio - As of June 30, 2023, the company owned and operated 119 multifamily apartment properties with a total of 35,249 units[107] - The total gross real estate assets amounted to $6.68 billion, with an average occupancy rate of 94.6% across the portfolio[111] - The company has interests in five unconsolidated joint ventures, with one project completed during the quarter, adding 199 units[116] - The number of properties remained stable at 115, while the number of units decreased by 345 to 35,249[1] Financial Performance - Rental and other property revenue increased by $9.0 million to $163.6 million for the three months ended June 30, 2023, compared to $154.6 million for the same period in 2022, primarily due to an 8.0% increase in average effective monthly rents[125] - Net Operating Income increased by $5.8 million to $98.1 million for the three months ended June 30, 2023, compared to $92.3 million for the same period in 2022, reflecting a 6.3% increase[1] - The company recognized a net income of $19.9 million for the six months ended June 30, 2023, a decrease of $49.6 million compared to $69.5 million for the same period in 2022[1] - Net income for Q2 2023 was $10,988,000, compared to a net loss of $7,399,000 in Q2 2022, representing a significant turnaround[150] - Funds From Operations (FFO) for Q2 2023 was $65,264,000, slightly down from $65,414,000 in Q2 2022, while Core Funds From Operations (CFFO) increased to $63,682,000 from $58,589,000[150] Revenue and Expenses - Property operating expenses rose by $3.1 million to $62.1 million for the three months ended June 30, 2023, driven by increases in contract landscaping services, insurance, utilities, advertising, and repairs and maintenance[126] - General and administrative expenses decreased by $1.1 million to $5.9 million for the three months ended June 30, 2023, primarily due to reduced personnel expenses and corporate performance-based incentives[128] - Depreciation and amortization expense decreased by $18.8 million to $54.0 million for the three months ended June 30, 2023, as a result of lower intangible asset amortization expenses[129] - Interest expense increased by $1.2 million to $22.2 million for the three months ended June 30, 2023, primarily due to higher interest rates impacting variable rate loans[131] Cash Flow and Liquidity - Cash flow from operating activities for the six months ended June 30, 2023, was $127.2 million, an increase of 14% from $111.6 million in 2022[162] - The company maintained cash and cash equivalents, and restricted cash of approximately $42.5 million as of June 30, 2023, compared to $42.4 million in 2022[162] - The company plans to utilize cash and cash equivalents of $14.3 million as of June 30, 2023, to meet liquidity requirements[160] Market and Economic Conditions - Average effective monthly rent per unit across the portfolio was $1,538, with the highest in Dallas, TX at $1,791[111] - Average effective monthly rent per unit rose to $1,531 in Q2 2023, an 8.0% increase from $1,417 in Q2 2022[157] - Average occupancy decreased to 94.2% for the three months ended June 30, 2023, down from 95.5% in the same period of 2022[1] - Casualty losses amounted to $0.7 million during the three months ended June 30, 2023, compared to net gains of $5.6 million in the same period of 2022[130] Strategic Initiatives - The company aims to maximize stockholder value through diligent portfolio management and strategic acquisitions[108] - The capital recycling program resulted in the sale of one multifamily apartment community for a gross sales price of $37.3 million, recognizing a gain of $1.0 million[113] - The company plans to implement a new ATM program under its shelf registration statement, subject to market conditions[120] Restructuring and Costs - The company incurred approximately $3.2 million in restructuring costs related to the reorganization of certain departments during the six months ended June 30, 2023[145] - Merger and integration costs were reported at $0 for Q2 2023, down from $1,307,000 in Q2 2022, indicating a reduction in restructuring expenses[155] Investment and Development - Investments in real estate under development totaled $121.7 million as of June 30, 2023, an increase from $105.5 million at the end of 2022[117] - The company recognized $1.2 million in losses from investments in unconsolidated real estate entities during the three months ended June 30, 2023[132] - The company reported a loss of $2.0 million from investments in unconsolidated real estate entities during the six months ended June 30, 2023[144]

Independence Realty Trust, Inc. (NYSE:IRT) Q2 2023 Earnings Conference Call July 27, 2023 9:00 AM ET Company Participants Lauren Torres - IR Scott Schaeffer - President, CEO & Chairman Mike Daley - EVP, Operations & People James Sebra - CFO & Treasurer Conference Call Participants Eric Wolfe - Citi Bradley Heffern - RBC Capital Markets Austin Wurschmidt - KeyBanc Capital Markets John Kim - BMO Capital Markets Anthony Powell - Barclays Bank Operator Thank you for standing by. My name is Briana, and I will be ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-36041 ______________________________________________________ INDEPENDENCE REALTY TRUST, INC. ...

Independence Realty Trust, Inc. (NYSE:IRT) Q1 2023 Earnings Conference Call April 27, 2023 9:00 AM ET Company Participants Lauren Tarola - Investor Relations, Edelman Smithfield Scott Schaeffer - Chief Executive Officer Mike Daley - Executive Vice President-Operations & People Jim Sebra - Chief Financial Officer & Janice Richards, SVP of Operations Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Nick Joseph - Citi Brad Heffern - RBC Capital Markets John Kim - BMO Capital Markets Wes ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _________ to _________ Commission file number 001-36041 INDEPENDENCE REALTY TRUST, INC. (Exact name of registrant as specified in its charter) FORM 10-K (Mark One) | ...

Independence Realty Trust, Inc. (NYSE:IRT) Q4 2022 Earnings Conference Call February 16, 2023 9:00 AM ET Company Participants Lauren Torres - IR, Edelman Smithfield Scott Schaeffer - Chairman and CEO Mike Daley - EVP of Operations and People Farrell Ender - President Jim Sebra - CFO Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Brad Heffern - RBC Capital Markets John Kim - BMO Capital Markets Nick Joseph - Citi Anthony Powell - Barclays Linda Tsai - Jefferies Operator Thank you f ...

INDEPENDENCE REALTY TRUST EARNINGS RELEASE & SUPPLEMENTAL INFORMATION The Enclave at Tranquility Lake Q4 & Full Year 2022 Tampa, FL Total Portfolio NOI Exposure by Market 22 3 • Net income available to common shares of $33.6 million for the quarter ended December 31, 2022 compared to $28.6 million for the quarter ended December 31, 2021. • Value add program has completed renovations at 1,451 units during the year ended December 31, 2022, achieving a weighted average return on investment during the year of 2 ...

INDEPENDENCE REALTY TRUST INVESTOR PRESENTATION November 2022 The Enclave at Tranquility Lake Tampa, FL | --- | --- | |------------------------------------------------------------|-----------| | Overview and Performance | 2 – 3 | | Recent Operating Metrics and 2022 Guidance | 4 – 6 | | Our Competitive Advantage | 7 – 12 | | Our Strategic Investment Opportunities | 13 – 20 | | Capitalization and Leverage | 21 – 23 | | Our Path to Long-Term Growth | 24 | | Appendix | | | Track Record of Value Creation | 26 | ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-36041 INDEPENDENCE REALTY TRUST, INC. (Exact Name of Registrant as Specified in Its Chart ...