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v3.25.3

Note 10 - Segment Reporting - Schedule of Segment Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 | Jun. 30, 2025 | Mar. 31, 2025 | Sep. 30, 2024 | Jun. 30, 2024 | Mar. 31, 2024 | Sep. 30, 2025 | Sep. 30, 2024
Revenue |  | $ 167,138 |  |  | $ 160,135 |  |  | $ 490,569 | $ 479,072
Property management expenses |  | (7,891) |  |  | (7,379) |  |  | (23,433) | (22,544)
General and administrative expenses |  | (4,905) |  |  | (4,765) |  |  | (19,293) | (19,389)
Depreciation and amortization |  | (61,735) |  |  | (55,261) |  |  | (180,256) | (163,112)
Casualty losses |  | (419) |  |  | (1,249) |  |  | (559) | (4,015)
Interest expense |  | (20,455) |  |  | (18,308) |  |  | (58,575) | (56,371)
Gains (Losses) on Sales of Investment Real Estate |  | (12,841) |  |  | 688 |  |  | (11,344) | 11,066
(Loss) gain on extinguishment of debt |  | 0 |  |  | 0 |  |  | (67) | 203
Other loss |  | (12) |  |  | 0 |  |  | (115) | (1)
Income (loss) from investments in unconsolidated real estate entities |  | 9,814 |  |  | (703) |  |  | 8,663 | (2,382)
Net income |  | 6,995 | $ 8,172 | $ 8,526 | 12,620 | $ 10,555 | $ 17,961 | 23,693 | 41,134
Operating Segments [Member] |  |  |  |  |  |  |  |  |
Revenue |  | 166,888 |  |  | 159,860 |  |  | 489,684 | 478,296
Operating Expenses |  | 61,699 |  |  | 60,538 |  |  | 181,897 | 181,393
Net Operating Income |  | 105,189 |  |  | 99,322 |  |  | 307,787 | 296,903
Other revenue |  | 250 |  |  | 275 |  |  | 885 | 776
Property management expenses |  | (7,891) |  |  | (7,379) |  |  | (23,433) | (22,544)
General and administrative expenses |  | (4,905) |  |  | (4,765) |  |  | (19,293) | (19,389)
Depreciation and amortization |  | (61,735) |  |  | (55,261) |  |  | (180,256) | (163,112)
Casualty losses |  | (419) |  |  | (1,249) |  |  | (559) | (4,015)
Interest expense |  | (20,455) |  |  | (18,308) |  |  | (58,575) | (56,371)
Gains (Losses) on Sales of Investment Real Estate |  | (12,841) |  |  | 688 |  |  | (11,344) | 11,066
(Loss) gain on extinguishment of debt |  | 0 |  |  | 0 |  |  | (67) | 203
Other loss |  | (12) |  |  | 0 |  |  | (115) | (1)
Income (loss) from investments in unconsolidated real estate entities |  | 9,814 |  |  | (703) |  |  | 8,663 | (2,382)
Net income |  | 6,995 |  |  | 12,620 |  |  | 23,693 | 41,134
Same Store [Member] | Operating Segments [Member] |  |  |  |  |  |  |  |  |
Revenue |  | 150,573 |  |  | 148,430 |  |  | 445,542 | 438,359
Real estate taxes |  | 16,280 |  |  | 16,129 |  |  | 52,274 | 52,294
Property insurance |  | 3,107 |  |  | 3,713 |  |  | 10,203 | 11,455
Personnel expenses |  | 12,954 |  |  | 12,739 |  |  | 36,341 | 36,493
Utilities |  | 7,635 |  |  | 7,607 |  |  | 22,155 | 21,529
Repairs and maintenance |  | 5,393 |  |  | 6,023 |  |  | 15,238 | 16,632
Contract services |  | 5,788 |  |  | 5,616 |  |  | 17,113 | 16,136
Advertising expenses |  | 2,455 |  |  | 2,226 |  |  | 6,842 | 5,753
Other property operating expenses | [1] | 1,571 |  |  | 1,537 |  |  | 4,755 | 4,717
Operating Expenses |  | 55,183 |  |  | 55,590 |  |  | 164,921 | 165,009
Net Operating Income |  | 95,390 |  |  | 92,840 |  |  | 280,621 | 273,350
Non-same Store [Member] | Operating Segments [Member] |  |  |  |  |  |  |  |  |
Revenue |  | 16,315 |  |  | 11,430 |  |  | 44,142 | 39,937
Operating Expenses |  | 6,516 |  |  | 4,948 |  |  | 16,976 | 16,384
Net Operating Income |  | $ 9,799 |  |  | $ 6,482 |  |  | $ 27,166 | $ 23,553
[1] | Other property operating expenses includes property office, administrative and legal costs.

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Name: | us-gaap_StatementBusinessSegmentsAxis=irt_SameStoreMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=irt_NonsameStoreMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |