$Independence Realty Trust Inc (IRT.US)$ Over the past 5 yea...

Over the past 5 years, revenue continued to grow in the first 4 years, with an average growth rate of 11.6%. Affected by mergers and acquisitions in 202Q4, revenue increased 1.5 times in 2022. Operating profit did not change much in the first 4 years due to the continuous rise in operating expenses. It soared 79.3% in 2022, and net profit surged 1.65 times in 2022.

Revenue increased by 6.6% in the first half of 2023, and operating profit increased 4.4 times due to a sharp drop in depreciation expenses (this is very strange; theoretically speaking, the more assets depreciate, the greater the depreciation should be), while net profit shrunk sharply by 71.4% due to lack of support from asset sales proceeds.

Of the total assets of 6.5 billion dollars, 6.2 billion were real estate, and total liabilities were 2.8 billion yuan.

Currently, the price-earnings ratio is 27, the price-earnings ratio TTM has been raised to 44.7, the price-earnings ratio is 0.9, and the dividend ratio is 4%, so you can choose carefully (⭐️)