IRT Stock Overview
Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 2/6 |
My Notes
Capture your thoughts, links and company narrative
Independence Realty Trust, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$19.96 |
| 52 Week High | US$22.26 |
| 52 Week Low | US$14.08 |
| Beta | 1.19 |
| 1 Month Change | -8.61% |
| 3 Month Change | -0.80% |
| 1 Year Change | 30.46% |
| 3 Year Change | -19.19% |
| 5 Year Change | 41.66% |
| Change since IPO | 136.21% |
Recent News & Updates
Recent updates
Independence Realty Trust: Likely Priced In After Its Year-To-Date Rally
Oct 09Independence Realty Trust: Robust Operating Performance But Time To Play Offense (Rating Downgrade)
Aug 05Independence Realty Trust: Poised To Outperform Thanks To Low Leverage And Improving Occupancy
May 02Independence Realty: Q4 Earnings Show Improved Portfolio Strength
Feb 17Independence Realty: Steep Discount Overshadows The Yield
Dec 17Independence Realty Trust: Well-Positioned Due To Midwest Exposure (Rating Upgrade)
Sep 19Independence Realty Trust: What's Not To Like?
Aug 23Independence Realty Trust: A Solid Residential REIT Despite Valuation Concerns
Jun 12We Ran A Stock Scan For Earnings Growth And Independence Realty Trust (NYSE:IRT) Passed With Ease
Mar 13
Independence Realty Trust FFO of $0.29 in-line, revenue of $162.49M misses by $1.41M, initiates 2023 guidance
Feb 15Independence Realty Trust: A Modestly Valued Multifamily REIT With Sunbelt Concentration
Jan 10Independence Realty Trust declares $0.14 dividend
Dec 12Should You Be Adding Independence Realty Trust (NYSE:IRT) To Your Watchlist Today?
Nov 23Independence Realty Trust: Skating To Where The Puck Will Be
Sep 28Independence Realty Trust declares $0.14 dividend
Sep 12Independence Realty Trust reports Q2 results
Jul 27If EPS Growth Is Important To You, Independence Realty Trust (NYSE:IRT) Presents An Opportunity
Jul 25Shareholder Returns
| IRT | US Residential REITs | US Market | |
|---|---|---|---|
| 7D | -1.1% | 0.08% | 0.6% |
| 1Y | 30.5% | 8.6% | 23.7% |
Return vs Industry: IRT exceeded the US Residential REITs industry which returned 8.6% over the past year.
Return vs Market: IRT exceeded the US Market which returned 23.7% over the past year.
Price Volatility
| IRT volatility | |
|---|---|
| IRT Average Weekly Movement | 3.2% |
| Residential REITs Industry Average Movement | 3.1% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.5% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: IRT has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: IRT's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2009 | 952 | Scott Schaeffer | www.irtliving.com |
Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT’s investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.
Independence Realty Trust, Inc. Fundamentals Summary
| IRT fundamental statistics | |
|---|---|
| Market cap | US$4.60b |
| Earnings (TTM) | -US$221.00k |
| Revenue (TTM) | US$641.63m |
7.0x
P/S Ratio9,999x
P/E RatioIs IRT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IRT income statement (TTM) | |
|---|---|
| Revenue | US$641.63m |
| Cost of Revenue | US$270.30m |
| Gross Profit | US$371.33m |
| Other Expenses | US$371.55m |
| Earnings | -US$221.00k |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.00098 |
| Gross Margin | 57.87% |
| Net Profit Margin | -0.034% |
| Debt/Equity Ratio | 65.6% |
How did IRT perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield54%
Payout RatioDoes IRT pay a reliable dividends?
See IRT dividend history and benchmarks| Independence Realty Trust dividend dates | |
|---|---|
| Ex Dividend Date | Dec 31 2024 |
| Dividend Pay Date | Jan 17 2025 |
| Days until Ex dividend | 0 days |
| Days until Dividend pay date | 17 days |
Does IRT pay a reliable dividends?
See IRT dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 17:20 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Independence Realty Trust, Inc. is covered by 26 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wesley Golladay | Baird |
| Anthony Powell | Barclays |
| Anthony Powell | Barclays |