Announcement • Jul 13
Independence Realty Trust, Inc. to Report Q2, 2026 Results on Aug 03, 2026 Independence Realty Trust, Inc. announced that they will report Q2, 2026 results After-Market on Aug 03, 2026 Announcement • Jun 13
Independence Realty Trust, Inc. has completed a Follow-on Equity Offering in the amount of $106.806336 million. Independence Realty Trust, Inc. has completed a Follow-on Equity Offering in the amount of $106.806336 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,500,000
Price\Range: $19.733333
Security Features: Closed-End Fund
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 998,300
Price\Range: $21.035761
Security Features: Closed-End Fund
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,681,600
Price\Range: $20.96
Discount Per Security: $0.3144
Security Features: Income Trust
Transaction Features: At the Market Offering Buy Or Sell Opportunity • May 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.9% to €13.60. The fair value is estimated to be €17.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 0.9% in a year. Earnings are forecast to decline by 17% in the next year. Declared Dividend • May 20
First quarter dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 26th June 2026 Payment date: 17th July 2026 Dividend yield will be 4.4%, which is higher than the industry average of 3.8%. Announcement • May 14
Independence Realty Trust, Inc. Approves Quarterly Dividend for the Second Quarter 2026, Payable on July 17, 2026 Independence Realty Trust, Inc. announced that its board of directors approved a quarterly dividend of $0.18 per share of IRT common stock, which represents a 5.9% increase over the prior quarterly rate of $0.17 per share. The second quarter 2026 dividend is payable on July 17, 2026, to shareholders of record at the close of business on June 26, 2026. Announcement • May 02
Independence Realty Trust, Inc. Affirms Earnings Guidance for the Full Year 2026 Independence Realty Trust, Inc. affirmed earnings guidance for the full year 2026. For the year, the company expects Earnings per share of $0.21 to $0.28. Announcement • Apr 11
Independence Realty Trust, Inc. to Report Q1, 2026 Results on Apr 29, 2026 Independence Realty Trust, Inc. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Mar 20
Independence Realty Trust, Inc., Annual General Meeting, May 13, 2026 Independence Realty Trust, Inc., Annual General Meeting, May 13, 2026. Location: 3000 two logan square, eighteenth and arch streets, pennsylvania 19103, philadelphia United States Announcement • Mar 10
Independence Realty Trust, Inc. Declares First Quarter 2026 Dividend, Payable on April 17, 2026 Independence Realty Trust, Inc. announced that its Board of Directors approved a quarterly dividend of $0.17 per share of IRT common stock. The first quarter 2026 dividend is payable on April 17, 2026, to shareholders of record at the close of business on March 27, 2026. Announcement • Feb 12
Independence Realty Trust, Inc. Provides Earnings Guidance for the Full Year 2026 Independence Realty Trust, Inc. provided earnings guidance for the full year 2026. For the year, the company expects Earnings per diluted share of $0.21 to $0.28. Announcement • Jan 20
Independence Realty Trust, Inc. to Report Q4, 2025 Results on Feb 11, 2026 Independence Realty Trust, Inc. announced that they will report Q4, 2025 results After-Market on Feb 11, 2026 Announcement • Dec 16
Independence Realty Trust, Inc. Declares Fourth Quarter 2025 Dividend, Payable on January 23, 2026 Independence Realty Trust, Inc. announced that its Board of Directors approved a quarterly dividend of $0.17 per share of IRT common stock. The fourth quarter 2025 dividend is payable on January 23, 2026, to shareholders of record at the close of business on December 31, 2025. Announcement • Dec 11
Independence Realty Trust, Inc. Announces Retirement of Michele Weisbaum as Executive Vice President, General Counsel and Secretary, Effective on or About March 31, 2026 On December 5, 2025, Michele Weisbaum, Executive Vice President, General Counsel and Secretary of Independence Realty Trust, Inc., informed the Company that she will retire, effective on or about March 31, 2026. Ms. Weisbaum intends to provide an orderly transition of her duties through her retirement date. Ms. Weisbaum’s determination to retire is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Announcement • Oct 30
Independence Realty Trust, Inc. Revises Earnings Guidance for the Full Year 2025 Independence Realty Trust, Inc. revised earnings guidance for the full year 2025. For the year, the company expects earnings per share of $0.27 to $0.28 compared to pervious guidance of $0.475 to $0.535. Change in EPS at the midpoint is due to fewer gains on sale from lower disposition volume. Gain on sale of real estate assets includes gains on sale (loss on impairment) recognized with respect to the one property in Birmingham, Alabama sold in the first quarter of 2025 and two of the properties classified as held for sale as of September 30, 2025. Announcement • Oct 11
Independence Realty Trust, Inc. to Report Q3, 2025 Results on Oct 29, 2025 Independence Realty Trust, Inc. announced that they will report Q3, 2025 results After-Market on Oct 29, 2025 Announcement • Sep 09
Independence Realty Trust Declares Third Quarter 2025 Dividend, Payable on October 24, 2025 Independence Realty Trust, Inc. announced that its Board of Directors approved a quarterly dividend of $0.17 per share of IRT common stock. The third quarter 2025 dividend is payable on October 24, 2025 to shareholders of record at the close of business on September 30, 2025. Announcement • Jul 31
Independence Realty Trust, Inc. Updates Earnings Guidance for the Full Year 2025 Independence Realty Trust, Inc. updated earnings guidance for the full year 2025. For the year, the company expects Earnings per share of $0.475 to $0.535 compared to pervious of $0.19 to $0.22. Announcement • Jul 15
Independence Realty Trust, Inc. to Report Q2, 2025 Results on Jul 30, 2025 Independence Realty Trust, Inc. announced that they will report Q2, 2025 results After-Market on Jul 30, 2025 Announcement • May 15
Independence Realty Trust, Inc. Announces Quarterly Dividend for the Second Quarter of 2025, Payable on July 18, 2025 Independence Realty Trust, Inc. announced that its board of directors approved a quarterly dividend of $0.17 per share of IRT common stock, which represents a 6.3% increase over the prior quarterly rate of $0.16 per share. The second quarter 2025 dividend is payable on July 18, 2025, to shareholders of record at the close of business on June 27, 2025. Announcement • May 01
Independence Realty Trust, Inc. Affirms Earnings Guidance for the Full Year 2025 Independence Realty Trust, Inc. affirmed earnings guidance for the full year 2025. For the year, company expected Earnings per share to be in range of $0.19 to $0.22. Announcement • Apr 11
Independence Realty Trust, Inc., Annual General Meeting, May 14, 2025 Independence Realty Trust, Inc., Annual General Meeting, May 14, 2025. Location: 3000 two logan square, eighteenth and arch streets, pennsylvania 19103., philadelphia United States Announcement • Apr 05
Independence Realty Trust, Inc. to Report Q1, 2025 Results on Apr 30, 2025 Independence Realty Trust, Inc. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Apr 30, 2025 Announcement • Mar 11
Independence Realty Trust Announces Dividend for First Quarter 2025, Payable on April 21, 2025 The board of directors of Independence Realty Trust announced Dividend For First Quarter 2025, Payable on April 21, 2025. For the period, the company reported dividend of $0.16 per share of IRT common stock payable to shareholders of record at the close of business on March 28, 2025. Announcement • Feb 13
Independence Realty Trust, Inc. Provides Earnings Guidance for the Full Year 2025 Independence Realty Trust, Inc. provided earnings guidance for the full year 2025. For the year, company expected Earnings per share to be in range of $0.19 to $0.22. Announcement • Jan 23
Independence Realty Trust, Inc. to Report Q4, 2024 Results on Feb 12, 2025 Independence Realty Trust, Inc. announced that they will report Q4, 2024 results After-Market on Feb 12, 2025 Announcement • Dec 17
Independence Realty Trust, Inc. Announces Fourth Quarter 2024 Dividend, Payable on January 17, 2025 Independence Realty Trust, Inc. announced that company's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on January 17, 2025 to stockholders of record at the close of business on December 31, 2024. Reported Earnings • Nov 01
Third quarter 2024 earnings released: FFO per share: US$0.3 (vs US$0.32 in 3Q 2023) Third quarter 2024 results: FFO per share: US$0.3 (down from US$0.32 in 3Q 2023). Revenue: US$160.1m (down 4.4% from 3Q 2023). Funds from operations (FFO): US$68.3m (down 3.8% from 3Q 2023). FFO margin: 43% (in line with 3Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Residential REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Oct 31
Independence Realty Trust, Inc. Revises Earnings Guidance for the Full Year 2024 Independence Realty Trust, Inc. revised earnings guidance for the full year of 2024. For the year, the company expects earnings per share to be in the range of $0.295 to $0.305 as compared to previous guidance range of $0.36 to $0.38. Announcement • Oct 04
Independence Realty Trust, Inc. to Report Q3, 2024 Results on Oct 30, 2024 Independence Realty Trust, Inc. announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Declared Dividend • Sep 21
Second quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 30th September 2024 Payment date: 18th October 2024 Dividend yield will be 3.2%, which is lower than the industry average of 3.8%. Announcement • Sep 18
Independence Realty Trust Announces Third Quarter 2024 Dividend, Payable on October 18, 2024 Independence Realty Trust, Inc. announced that the board of directors declared a quarterly dividend of $0.16 per share of company's common stock, payable on October 18, 2024 to stockholders of record at the close of business on September 30, 2024. Announcement • Sep 05
Independence Realty Trust, Inc. has completed a Follow-on Equity Offering in the amount of $197.5 million. Independence Realty Trust, Inc. has completed a Follow-on Equity Offering in the amount of $197.5 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: $19.75
Discount Per Security: $0.79 Announcement • Aug 22
Independence Realty Trust, Inc. announced that it expects to receive $150 million in funding Independence Realty Trust, Inc. announced that it has entered into an agreement pursuant to which it issued $150 million of unsecured notes on August 20, 2024. The transaction will include participation from an institutional investor. It consists of- $75 million aggregate principal amount of unsecured notes due 2031, at fixed annual interest rate of 5.32% and $75 million aggregate principal amount of unsecured notes due 2034, at fixed annual interest rate of 5.53%. The funding of the Notes will occur in the fourth quarter of 2024, subject to customary closing conditions. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: US$0.046 (vs US$0.048 in 2Q 2023) Second quarter 2024 results: EPS: US$0.046 (down from US$0.048 in 2Q 2023). Revenue: US$158.4m (down 2.7% from 2Q 2023). Net income: US$10.4m (down 3.3% from 2Q 2023). Profit margin: 6.5% (down from 6.6% in 2Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Residential REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Aug 01
Independence Realty Trust Revises Earnings Guidance for the Full Year 2024 Independence Realty Trust revised earnings guidance for the full year 2024. The company increased the midpoint of 2024 earnings per diluted share and same-store NOI guidance ranges, while updating interest expense, transaction volume, and capital expenditure guidance. Earnings per diluted share is now projected to be in the range of $0.36 to $0.38 compared to previous guidance of $0.34 to $0.38. Announcement • Jul 06
Independence Realty Trust, Inc. to Report Q2, 2024 Results on Jul 31, 2024 Independence Realty Trust, Inc. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Jul 31, 2024 Declared Dividend • Jun 17
First quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 28th June 2024 Payment date: 19th July 2024 Dividend yield will be 3.8%, which is about the same as the industry average. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$0.078 (vs US$0.039 in 1Q 2023) First quarter 2024 results: EPS: US$0.078 (up from US$0.039 in 1Q 2023). Revenue: US$160.5m (flat on 1Q 2023). Net income: US$17.6m (up 103% from 1Q 2023). Profit margin: 11% (up from 5.4% in 1Q 2023). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Residential REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Apr 25
Independence Realty Trust, Inc. Revises Earnings Guidance for the Full Year 2024 Independence Realty Trust, Inc. revised earnings guidance for the full year 2024. For the year, the company expects earnings per diluted share to be in the range of $0.34 to $0.38 compared to previous guidance of $0.40 to $0.44. Announcement • Apr 09
Independence Realty Trust, Inc. to Report Q1, 2024 Results on Apr 24, 2024 Independence Realty Trust, Inc. announced that they will report Q1, 2024 results After-Market on Apr 24, 2024 Announcement • Mar 22
Independence Realty Trust, Inc., Annual General Meeting, May 15, 2024 Independence Realty Trust, Inc., Annual General Meeting, May 15, 2024, at 09:00 US Eastern Standard Time. Location: 3000 Two Logan Square, Eighteenth and Arch Streets Philadelphila Pennsylvania United States Agenda: To consider the election of ten persons to Board of Directors, each to serve for a term expiring at the 2025 annual meeting of stockholders and until his or her successor is duly elected and qualified; to consider the ratification of the appointment of KPMG LLP as independent registered public accounting firm for calendar year 2024 and to consider other matters. Upcoming Dividend • Mar 20
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 19 April 2024. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.5%). Declared Dividend • Mar 18
Fourth quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 27th March 2024 Payment date: 19th April 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.8%. Announcement • Mar 12
Independence Realty Trust, Inc. Declares Quarterly Dividend, Payable on April 19, 2024 Independence Realty Trust, Inc. announced that its board of directors declared a quarterly dividend of $0.16 per share of the company common stock, payable on April 19, 2024 to stockholders of record at the close of business on March 29, 2024. Board Change • Mar 07
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Craig Macnab was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 04
Full year 2023 earnings released: FFO per share: US$1.2 (vs US$1.19 in FY 2022) Full year 2023 results: FFO per share: US$1.2 (up from US$1.19 in FY 2022). Revenue: US$656.5m (up 4.8% from FY 2022). Funds from operations (FFO): US$270.5m (up 2.8% from FY 2022). FFO margin: 41% (in line with FY 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, while revenues in the Residential REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Feb 16
Full year 2023 earnings released: FFO per share: US$1.2 (vs US$1.19 in FY 2022) Full year 2023 results: FFO per share: US$1.2 (up from US$1.19 in FY 2022). Revenue: US$661.0m (up 5.2% from FY 2022). Funds from operations (FFO): US$270.5m (up 2.8% from FY 2022). FFO margin: 41% (down from 42% in FY 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, while revenues in the Residential REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Feb 15
Independence Realty Trust, Inc. Provides Earnings Guidance for Full Year 2024 Independence Realty Trust, Inc. provided earnings guidance for full year 2024. For the period, the company expects Earnings per diluted share of $0.42 at the mid-point of guidance range. Announcement • Jan 19
Independence Realty Trust, Inc. to Report Q4, 2023 Results on Feb 14, 2024 Independence Realty Trust, Inc. announced that they will report Q4, 2023 results After-Market on Feb 14, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of US$0.16 per share at 4.2% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 19 January 2024. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.7%). Announcement • Dec 12
Independence Realty Trust, Inc. Announces Dividend for the Fourth Quarter of 2023, Payable on January 19, 2024 Independence Realty Trust, Inc. announced that IRT’s board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on January 19, 2024 to stockholders of record at the close of business on December 29, 2023. Reported Earnings • Nov 01
Third quarter 2023 earnings released: FFO per share: US$0.3 (vs US$0.34 in 3Q 2022) Third quarter 2023 results: FFO per share: US$0.3. Revenue: US$168.6m (up 6.0% from 3Q 2022). Funds from operations (FFO): US$71.0m (up 5.3% from 3Q 2022). FFO margin: 42% (in line with 3Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Residential REITs industry in Europe. Announcement • Oct 07
Independence Realty Trust, Inc. to Report Q3, 2023 Results on Oct 30, 2023 Independence Realty Trust, Inc. announced that they will report Q3, 2023 results After-Market on Oct 30, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of US$0.16 per share at 4.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 20 October 2023. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.0%). Announcement • Sep 13
Independence Realty Trust, Inc. Announces Dividend for the Third Quarter of 2023, Payable on October 20, 2023 Independence Realty Trust, Inc. announced that the board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on October 20, 2023 to stockholders of record at the close of business on September 29, 2023. New Risk • Jul 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (11% net profit margin). Announcement • Jul 27
Independence Realty Trust, Inc. Revises Financial Guidance for 2023 Independence Realty Trust, Inc. revised financial guidance for 2023. For the period, the company expected Earnings per share Low of $0.25 and High of $0.27 against the previous guidance of Low of $0.23 and High of $0.27. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: US$0.048 (vs US$0.033 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.048 (up from US$0.033 loss in 2Q 2022). Revenue: US$164.0m (up 6.5% from 2Q 2022). Net income: US$10.7m (up US$17.9m from 2Q 2022). Profit margin: 6.5% (up from net loss in 2Q 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Residential REITs industry in Europe. Announcement • Jul 08
Independence Realty Trust, Inc. to Report Q2, 2023 Results on Jul 26, 2023 Independence Realty Trust, Inc. announced that they will report Q2, 2023 results After-Market on Jul 26, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of US$0.16 per share at 3.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 21 July 2023. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.3%). Reported Earnings • Apr 28
First quarter 2023 earnings released: FFO per share: US$0.3 (vs US$0.43 in 1Q 2022) First quarter 2023 results: FFO per share: US$0.3. Revenue: US$161.4m (up 7.4% from 1Q 2022). Funds from operations (FFO): US$62.3m (up 3.6% from 1Q 2022). FFO margin: 39% (down from 40% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Residential REITs industry in Europe. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: US$0.53 (vs US$0.41 in FY 2021) Full year 2022 results: EPS: US$0.53 (up from US$0.41 in FY 2021). Revenue: US$628.5m (up 151% from FY 2021). Net income: US$117.2m (up 163% from FY 2021). Profit margin: 19% (in line with FY 2021). Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the REITs industry in Europe. Announcement • Feb 16
Independence Realty Trust, Inc. Provides Earnings Guidance for the Year 2023 Independence Realty Trust, Inc. provided earnings guidance for the year 2023. For the year, the company expects earnings per diluted share of $0.25 at the mid-point of guidance range and 2023 same store NOI growth of 6.5% at the mid-point of guidance range. Announcement • Jan 18
Independence Realty Trust, Inc. to Report Q4, 2022 Results on Feb 15, 2023 Independence Realty Trust, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 15, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 20 January 2023. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.7%). Announcement • Dec 13
Independence Realty Trust, Inc. Announces Fourth Quarter 2022 Dividend, Payable on January 20, 2023 Independence Realty Trust, Inc. announced that IRT’s board of directors declared a quarterly dividend of $0.14 per share of IRT common stock, payable on January 20, 2023 to stockholders of record at the close of business on December 30, 2022. Recent Insider Transactions • Dec 09
Chairman & CEO recently sold €2.8m worth of stock On the 7th of December, Scott Schaeffer sold around 172k shares on-market at roughly €16.43 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Scott's only on-market trade for the last 12 months. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. COO & Director Ella Neyland was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 09
Independence Realty Trust, Inc. Announces Departure of Ella Neyland as Chief Operating Officer and Member of the Board of Directors, Effective December 15, 2022 Independence Realty Trust, Inc. announced the departure of Ella Neyland as the Company’s Chief Operating Officer and member of the Board of Directors, effective December 15, 2022. Ms. Neyland will stay on at IRT in a consultancy role through June 2024. Reported Earnings • Oct 28
Third quarter 2022 earnings released: FFO per share: US$0.3 (vs US$0.17 in 3Q 2021) Third quarter 2022 results: FFO per share: US$0.3 (up from US$0.17 in 3Q 2021). Revenue: US$160.6m (up 164% from 3Q 2021). Funds from operations (FFO): US$67.4m (up 296% from 3Q 2021). FFO margin: 42% (up from 28% in 3Q 2021). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the REITs industry in Europe. Announcement • Oct 05
Independence Realty Trust, Inc. to Report Q3, 2022 Results on Oct 26, 2022 Independence Realty Trust, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Oct 26, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 21 October 2022. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.4%). Announcement • Sep 20
Independence Realty Trust, Inc. (NYSE:IRT) acquired The Enclave at Tranquility Lakes for $97.9 million. Independence Realty Trust, Inc. (NYSE:IRT) acquired The Enclave at Tranquility Lakes for $97.9 million on September 13, 2022.
Independence Realty Trust, Inc. (NYSE:IRT) completed the acquisition of The Enclave at Tranquility Lakes on September 13, 2022. Board Change • Jul 30
High number of new directors There are 6 new directors who have joined the board in the last 3 years. COO & Director Ella Neyland was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 28
Second quarter 2022 earnings released: US$0.033 loss per share (vs US$0.033 profit in 2Q 2021) Second quarter 2022 results: US$0.033 loss per share (down from US$0.033 profit in 2Q 2021). Revenue: US$154.8m (up 169% from 2Q 2021). Net loss: US$7.21m (down 313% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 45%, compared to a 2.1% growth forecast for the industry in Germany. Announcement • Jul 28
Independence Realty Trust, Inc. Revises Earnings Guidance for Fiscal Year 2022 Independence Realty Trust, Inc. revised earnings guidance for fiscal year 2022. For the year, the company expects earnings per diluted share to be in the range of $0.48 to $0.50 as compared to previous guidance of $0.50 to $0.52. Announcement • Jul 07
Independence Realty Trust, Inc. to Report Q2, 2022 Results on Jul 27, 2022 Independence Realty Trust, Inc. announced that they will report Q2, 2022 results After-Market on Jul 27, 2022 Announcement • Jun 26
Independence Realty Trust, Inc.(NYSE:IRT) dropped from Russell 2000 Dynamic Index Independence Realty Trust, Inc.(NYSE:IRT) dropped from Russell 2000 Dynamic Index Upcoming Dividend • Jun 23
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 22 July 2022. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.7%). Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €20.60, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 11x in the REITs industry in Europe. Total returns to shareholders of 61% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €36.56 per share. Reported Earnings • May 04
First quarter 2022 earnings released: EPS: US$0.34 (vs US$0.011 in 1Q 2021) First quarter 2022 results: EPS: US$0.34 (up from US$0.011 in 1Q 2021). Revenue: US$150.4m (up 173% from 1Q 2021). Net income: US$74.6m (up US$73.5m from 1Q 2021). Profit margin: 50% (up from 2.0% in 1Q 2021). Over the next year, revenue is forecast to grow 80% while the industry in Germany is not expected to grow. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. COO & Director Ella Neyland was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Independence Realty Trust, Inc. to Report Q1, 2022 Results on May 03, 2022 Independence Realty Trust, Inc. announced that they will report Q1, 2022 results After-Market on May 03, 2022 Buying Opportunity • Mar 30
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be €29.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 164% in 2 years. Earnings is forecast to grow by 129% in the next 2 years. Upcoming Dividend • Mar 24
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 31 March 2022. Payment date: 22 April 2022. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (1.7%). Buying Opportunity • Mar 03
Now 22% undervalued Over the last 90 days, the stock is up 1.8%. The fair value is estimated to be US$28.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% per annum over the last 3 years. Earnings per share has declined by 13% per annum over the last 3 years. Announcement • Feb 18
Independence Realty Trust, Inc. Provides Earnings Guidance for Year 2022 Independence Realty Trust, Inc. provided earnings guidance for year 2022. For the period, the company expects EPS to be in the range of $0.32 per share to $0.36 per share. Reported Earnings • Feb 17
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.41 (up from US$0.16 in FY 2020). Revenue: US$250.3m (up 18% from FY 2020). Net income: US$44.6m (up 202% from FY 2020). Profit margin: 18% (up from 7.0% in FY 2020). Revenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 83% while thereits industry in Germany is not expected to grow. 
