FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 or INDEPENDENCE REALTY TRUST, INC. (Exact Name of Registrant as Specified in Its Charter) 1835 Market Street, Suite 2601Philadelphia, PA19103(Address of Principal Executive Offices)(Zip Code)(267) 270-4800(Registrant’s Telephone Number, Including Area Code)N/A(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As ofApril 24, 2026 there were235,714,682shares of the Registrant’s common stock issued and outstanding. INDEPENDENCE REALTY TRUST, INC. INDEX PART I—FINANCIAL INFORMATION Item 1.Financial Statements (unaudited)3Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 20253Condensed Consolidated Statements of Operations for the Three Months ended March 31, 2026and March 31, 20254Condensed Consolidated Statements of ComprehensiveIncome (Loss)for the Three Months ended March 31, 2026 andMarch 31, 20255Condensed Consolidated Statements of Changes in Equity for the Three Months ended March 31, 2026 and March 31, 20256Condensed Consolidated Statements of Cash Flows for the ThreeMonths ended March 31, 2026 and March 31, 20257Notes to Condensed Consolidated Financial Statements as of March 31, 20268Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations19Item 3.Quantitative and Qualitative Disclosures About Market Risk25Item 4.Controls and Procedures25PART II—OTHER INFORMATIONItem 1.Legal Proceedings26Item 1A.Risk Factors26Item 2.Unregistered Sales of Equity Securities and Use of Proceeds26Item 3.Defaults Upon Senior Securities27Item 4.Mine Safety Disclosures27Item 5.Other Information27Item 6.Exhibits27Signatures28 Table of Contents Item 1.Financial Statements Independence Realty Trust, Inc. and Subsidiaries Independence Realty Trust, Inc. and Subsidiaries Condensed Consolidated Statements of Operations(Unaudited and dollars in thousands, except share and per share data) Independence Realty Trust, Inc. and Subsidiaries Condensed Consolidated Statements of Comprehensive Income (Loss)(Unaudited and dollars in thousands) Independence Realty Trust, Inc. and Subsidiaries Condensed Consolidated Statements of Changes in Equity(Unaudited and dollars in thousands, except share and per share data) Independence Realty Trust, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows(Unaudited and dollars in thousands) Independence Realty Trust, Inc. and SubsidiariesNotes to Condensed Consolidated Financial StatementsMarch 31, 2026(Unaudited and dollars in thousands, except share and per share data) NOTE1: Organization Independence Realty Trust, Inc. (“IRT”), is a self-administered and self-managed Maryland corporation that was formed on March 26,2009 and that has elected to be taxed as a real estate investment trust (“REIT”). We are primarily engaged in the ownership, operation,management, improvement, and acquisition of multifamily apartment communities in non-gateway markets. As of March 31, 2026, we ownedand operated115multifamily apartment properties (including one owned through a consolidated joint venture) that contain an aggregateof33,602 units across non-gateway U.S. markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, OklahomaCity, Raleigh-Durham, and Tampa. In addition, as of March 31, 2026, we owned two newly developed properties that are currently in lease-up,including onein De