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Independence Realty Trust, Inc.NYSE:IRT Stock Report

Market Cap US$4.3b
Share Price
US$18.04
My Fair Value
US$21
14.2% undervalued intrinsic discount
1Y-8.5%
7D-0.4%
Portfolio Value
View

Independence Realty Trust, Inc.

NYSE:IRT Stock Report

Market Cap: US$4.3b

Independence Realty Trust (IRT) Stock Overview

Independence Realty Trust, Inc. (NYSE: IRT), an S&P 400 MidCap Company, is a real estate investment trust (“REIT”) that owns and operates multifamily communities, across non-gateway U.S. More details

IRT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance1/6
Financial Health2/6
Dividends2/6

IRT Community Fair Values

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Independence Realty Trust, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Independence Realty Trust
Historical stock prices
Current Share PriceUS$18.04
52 Week HighUS$22.26
52 Week LowUS$16.59
Beta0.98
1 Month Change4.70%
3 Month Change-1.37%
1 Year Change-8.47%
3 Year Change-10.65%
5 Year Change60.78%
Change since IPO113.49%

Recent News & Updates

Independence Realty Trust: Data-Driven Approach To Real Estate

Aug 20

Recent updates

Independence Realty Trust: Data-Driven Approach To Real Estate

Aug 20
User avatar

Sun Belt Household Formation Will Sustain Rental Demand

Favorable Sun Belt demographic trends, declining new supply, and homeownership challenges support strong occupancy, rent growth, and sustained pricing power for IRT.

Independence Realty Trust: Aligned To Benefit From Population Migration

Mar 06

Independence Realty Trust: Likely Priced In After Its Year-To-Date Rally

Oct 09

Independence Realty Trust: Robust Operating Performance But Time To Play Offense (Rating Downgrade)

Aug 05

Independence Realty Trust: Poised To Outperform Thanks To Low Leverage And Improving Occupancy

May 02

Independence Realty: Q4 Earnings Show Improved Portfolio Strength

Feb 17

Independence Realty: Steep Discount Overshadows The Yield

Dec 17

Independence Realty Trust: Well-Positioned Due To Midwest Exposure (Rating Upgrade)

Sep 19

Independence Realty Trust: What's Not To Like?

Aug 23

Independence Realty Trust: A Solid Residential REIT Despite Valuation Concerns

Jun 12

We Ran A Stock Scan For Earnings Growth And Independence Realty Trust (NYSE:IRT) Passed With Ease

Mar 13
We Ran A Stock Scan For Earnings Growth And Independence Realty Trust (NYSE:IRT) Passed With Ease

Independence Realty Trust FFO of $0.29 in-line, revenue of $162.49M misses by $1.41M, initiates 2023 guidance

Feb 15

Independence Realty Trust: A Modestly Valued Multifamily REIT With Sunbelt Concentration

Jan 10

Independence Realty Trust declares $0.14 dividend

Dec 12

Should You Be Adding Independence Realty Trust (NYSE:IRT) To Your Watchlist Today?

Nov 23
Should You Be Adding Independence Realty Trust (NYSE:IRT) To Your Watchlist Today?

Independence Realty Trust: Skating To Where The Puck Will Be

Sep 28

Shareholder Returns

IRTUS Residential REITsUS Market
7D-0.4%-0.3%0.4%
1Y-8.5%-11.4%21.6%

Return vs Industry: IRT exceeded the US Residential REITs industry which returned -11.4% over the past year.

Return vs Market: IRT underperformed the US Market which returned 21.6% over the past year.

Price Volatility

Is IRT's price volatile compared to industry and market?
IRT volatility
IRT Average Weekly Movement3.0%
Residential REITs Industry Average Movement3.0%
Market Average Movement6.4%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

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

FoundedEmployeesCEOWebsite
2009917Scott Schaefferwww.irtliving.com

Independence Realty Trust, Inc. (NYSE: IRT), an S&P 400 MidCap Company, is a real estate investment trust (“REIT”) that owns and operates multifamily communities, across non-gateway U.S. markets. 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’s main objective is to provide attractive risk-adjusted returns to shareholders through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.

Independence Realty Trust, Inc. Fundamentals Summary

How do Independence Realty Trust's earnings and revenue compare to its market cap?
IRT fundamental statistics
Market capUS$4.32b
Earnings (TTM)US$27.76m
Revenue (TTM)US$645.40m
151.7x
P/E Ratio
6.5x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IRT income statement (TTM)
RevenueUS$645.40m
Cost of RevenueUS$264.37m
Gross ProfitUS$381.03m
Other ExpensesUS$353.27m
EarningsUS$27.76m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin59.04%
Net Profit Margin4.30%
Debt/Equity Ratio63.4%

How did IRT perform over the long term?

See historical performance and comparison

Dividends

3.8%
Current Dividend Yield
52%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/07 19:47
End of Day Share Price 2025/09/05 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

Independence Realty Trust, Inc. is covered by 29 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.

AnalystInstitution
Wesley GolladayBaird
Anthony PowellBarclays
Richard HightowerBarclays