Independence Realty Trust Management
Management criteria checks 2/4
Independence Realty Trust's CEO is Scott Schaeffer, appointed in Feb 2013, has a tenure of 11.25 years. total yearly compensation is $4.85M, comprised of 14.4% salary and 85.6% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth $10.31M. The average tenure of the management team and the board of directors is 0.5 years and 2.9 years respectively.
Key information
Scott Schaeffer
Chief executive officer
US$4.8m
Total compensation
| CEO salary percentage | 14.4% |
| CEO tenure | 11.3yrs |
| CEO ownership | 0.3% |
| Management average tenure | less than a year |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
Independence 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 25Independence Realty Trust: Undervalued Inflation Hedge
Jul 18Doubling Down: Independence Realty Sees Itself In Steadfast Merger
Jun 11Independence Realty Trust: The Fifth-Best REIT Investment Of The Last 5 Years
Apr 22Independence Realty Trust Stock Forecast: What To Expect In 2022
Feb 17Independence Realty Trust: Still Hasn't Earned Shareholders' Trust
Jan 08Independence Realty Trust: After The Merger
Oct 04Independence Realty Has Great Properties But Poor Governance
Aug 06CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | -US$8m |
| Dec 31 2023 | US$5m | US$700k | -US$17m |
| Sep 30 2023 | n/a | n/a | US$57m |
| Jun 30 2023 | n/a | n/a | US$69m |
| Mar 31 2023 | n/a | n/a | US$51m |
| Dec 31 2022 | US$5m | US$700k | US$117m |
| Sep 30 2022 | n/a | n/a | US$112m |
| Jun 30 2022 | n/a | n/a | US$108m |
| Mar 31 2022 | n/a | n/a | US$118m |
| Dec 31 2021 | US$5m | US$700k | US$45m |
| Sep 30 2021 | n/a | n/a | US$29m |
| Jun 30 2021 | n/a | n/a | US$19m |
| Mar 31 2021 | n/a | n/a | US$16m |
| Dec 31 2020 | US$3m | US$700k | US$15m |
| Sep 30 2020 | n/a | n/a | US$25m |
| Jun 30 2020 | n/a | n/a | US$29m |
| Mar 31 2020 | n/a | n/a | US$43m |
| Dec 31 2019 | US$4m | US$700k | US$46m |
| Sep 30 2019 | n/a | n/a | US$37m |
| Jun 30 2019 | n/a | n/a | US$37m |
| Mar 31 2019 | n/a | n/a | US$25m |
| Dec 31 2018 | US$4m | US$700k | US$26m |
| Sep 30 2018 | n/a | n/a | US$18m |
| Jun 30 2018 | n/a | n/a | US$14m |
| Mar 31 2018 | n/a | n/a | US$30m |
| Dec 31 2017 | US$3m | US$619k | US$30m |
Compensation vs Market: Scott's total compensation ($USD4.85M) is about average for companies of similar size in the US market ($USD6.66M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
CEO
Scott Schaeffer (61 yo)
11.3yrs
Tenure
US$4,846,528
Compensation
Mr. Scott F. Schaeffer serves as Chairman of the Board and Chief Executive Officer at Steadfast Apartment REIT, Inc. since December 2021. He has been the Chief Executive Officer at Independence Realty Trus...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.3yrs | US$4.85m | 0.28% $ 10.3m | |
| CFO & Treasurer | 13.3yrs | US$2.04m | 0.12% $ 4.4m | |
| Chief Accounting Officer & Controller | 6.9yrs | US$923.69k | 0.012% $ 433.6k | |
| General Counsel & Secretary | less than a year | US$369.13k | 0.0045% $ 166.8k | |
| Executive Vice President of Operations & People | no data | no data | no data | |
| Executive Vice President of Technology & Innovation | less than a year | no data | no data | |
| Investor Relation Officer of Edelman Smithfield | no data | no data | no data | |
| Senior Vice President of Sales & Marketing | less than a year | no data | no data | |
| Consultant | 1.4yrs | US$2.55m | 0.039% $ 1.5m | |
| Senior Vice President of Operations | no data | no data | no data | |
| Senior Vice President of Business Development | less than a year | no data | no data | |
| Senior Vice President of Redevelopment | less than a year | no data | no data |
0.5yrs
Average Tenure
61yo
Average Age
Experienced Management: IRT's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13.3yrs | US$4.85m | 0.28% $ 10.3m | |
| Independent Director | 6.6yrs | US$199.55k | 0.015% $ 553.7k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 13.3yrs | US$194.55k | 0.023% $ 857.2k | |
| Independent Director | 2.4yrs | US$192.05k | 0.020% $ 724.9k | |
| Independent Director | 3.3yrs | US$184.55k | 0.0061% $ 224.9k | |
| Director | 2.4yrs | US$179.55k | 0.027% $ 985.8k | |
| Lead Independent Director | 2.4yrs | US$201.64k | 0.016% $ 604.1k | |
| Independent Director | 2.4yrs | US$184.55k | 0.014% $ 532.9k | |
| Independent Director | 6.9yrs | US$194.97k | 0.015% $ 553.7k |
2.9yrs
Average Tenure
66yo
Average Age
Experienced Board: IRT's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.