Independence Realty Trust Management
Management criteria checks 3/4
Independence Realty Trust's CEO is Scott Schaeffer, appointed in Feb 2013, has a tenure of 11.92 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 $12.73M. The average tenure of the management team and the board of directors is 1 years and 3.5 years respectively.
Key information
Scott Schaeffer
Chief executive officer
US$4.8m
Total compensation
| CEO salary percentage | 14.4% |
| CEO tenure | 11.9yrs |
| CEO ownership | 0.3% |
| Management average tenure | less than a year |
| Board average tenure | 3.5yrs |
Recent management 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 25CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$221k |
| Jun 30 2024 | n/a | n/a | -US$9m |
| 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$26m |
Compensation vs Market: Scott's total compensation ($USD4.85M) is about average for companies of similar size in the US market ($USD6.67M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
CEO
Scott Schaeffer (62 yo)
11.9yrs
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 |
|---|---|---|---|---|
| CEO & Chairman | 11.9yrs | US$4.85m | 0.28% $ 12.7m | |
| President | 14yrs | US$2.04m | 0.12% $ 5.5m | |
| Chief Accounting Officer & Controller | 7.6yrs | US$923.69k | 0.012% $ 535.9k | |
| General Counsel & Secretary | 1.2yrs | US$369.13k | 0.0045% $ 205.9k | |
| 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 | |
| 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 | |
| Senior Vice President of Acquisitions & Dispositions | less than a year | no data | no data | |
| Investor Relations Officer | no data | no data | no data |
1.0yrs
Average Tenure
55yo
Average Age
Experienced Management: IRT's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman | 14yrs | US$4.85m | 0.28% $ 12.7m | |
| Independent Director | 7.3yrs | US$199.55k | 0.017% $ 798.1k | |
| Independent Director | less than a year | no data | 0.0025% $ 114.4k | |
| Independent Director | 13.9yrs | US$194.55k | 0.026% $ 1.2m | |
| Independent Director | 3.1yrs | US$192.05k | 0.022% $ 1.0m | |
| Independent Director | 4yrs | US$184.55k | 0.0086% $ 392.2k | |
| Director | 3.1yrs | US$179.55k | 0.029% $ 1.3m | |
| Lead Independent Director | 3.1yrs | US$201.64k | 0.019% $ 860.4k | |
| Independent Director | 3.1yrs | US$184.55k | 0.018% $ 832.0k | |
| Independent Director | 7.6yrs | US$194.97k | 0.017% $ 798.1k |
3.5yrs
Average Tenure
67yo
Average Age
Experienced Board: IRT's board of directors are considered experienced (3.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 13:08 |
| End of Day Share Price | 2024/12/31 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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| 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
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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. 9 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 |