Independence Realty Trust, Inc.

NYSE:IRT Stock Report

Market Cap: US$4.8b

Independence Realty Trust Valuation

Is IRT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IRT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$27.20
Fair Value
23.5% undervalued intrinsic discount
12
Number of Analysts

Below Fair Value: IRT ($20.8) is trading below our estimate of fair value ($27.2)

Significantly Below Fair Value: IRT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IRT?

Key metric: As IRT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for IRT. This is calculated by dividing IRT's market cap by their current earnings.
What is IRT's PE Ratio?
PE Ratio122x
EarningsUS$39.29m
Market CapUS$4.85b

Price to Earnings Ratio vs Peers

How does IRT's PE Ratio compare to its peers?

The above table shows the PE ratio for IRT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average76.6x
CPT Camden Property Trust
78x8.2%US$12.9b
UDR UDR
168.1x20.0%US$15.6b
MAA Mid-America Apartment Communities
35.2x-0.6%US$18.8b
ESS Essex Property Trust
25.2x-14.0%US$19.2b
IRT Independence Realty Trust
122x33.7%US$4.8b

Price-To-Earnings vs Peers: IRT is expensive based on its Price-To-Earnings Ratio (122x) compared to the peer average (76.6x).

Price to Earnings Ratio vs Industry

How does IRT's PE Ratio compare vs other companies in the North American Residential REITs Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
IRT 122.0xIndustry Avg. 25.1xNo. of Companies3PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IRT is expensive based on its Price-To-Earnings Ratio (122x) compared to the Global Residential REITs industry average (25x).

Price to Earnings Ratio vs Fair Ratio

What is IRT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IRT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio122x
Fair PE Ratio45.8x

Price-To-Earnings vs Fair Ratio: IRT is expensive based on its Price-To-Earnings Ratio (122x) compared to the estimated Fair Price-To-Earnings Ratio (45.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IRT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$20.80
US$21.63
+4.0%
5.9%US$25.00US$20.00n/a12
Feb ’26US$19.21
US$21.38
+11.3%
3.2%US$22.00US$20.00n/a12
Jan ’26US$19.84
US$21.63
+9.0%
3.7%US$23.00US$20.00n/a12
Dec ’25US$21.84
US$21.32
-2.4%
4.3%US$22.00US$19.00n/a11
Nov ’25US$19.06
US$21.05
+10.4%
5.6%US$22.00US$19.00n/a11
Oct ’25US$20.12
US$20.95
+4.1%
5.4%US$22.00US$19.00n/a11
Sep ’25US$20.78
US$19.61
-5.6%
8.0%US$22.00US$16.00n/a11
Aug ’25US$19.19
US$18.39
-4.2%
8.9%US$22.00US$16.00n/a11
Jul ’25US$18.79
US$17.80
-5.3%
8.5%US$21.00US$15.05n/a12
Jun ’25US$16.70
US$17.63
+5.6%
9.6%US$21.00US$15.00n/a12
May ’25US$15.76
US$17.55
+11.3%
9.7%US$21.00US$15.00n/a12
Apr ’25US$15.65
US$17.42
+11.3%
10.3%US$21.00US$15.00n/a12
Mar ’25US$15.42
US$17.17
+11.4%
11.3%US$21.00US$15.00n/a12
Feb ’25US$14.96
US$17.37
+16.1%
14.3%US$22.00US$15.00US$19.2111
Jan ’25US$15.30
US$17.73
+15.9%
15.9%US$22.00US$15.00US$19.8411
Dec ’24US$14.12
US$17.55
+24.3%
17.7%US$22.00US$13.00US$21.8411
Nov ’24US$12.56
US$19.55
+55.6%
15.9%US$25.00US$14.00US$19.0611
Oct ’24US$14.07
US$20.64
+46.7%
9.8%US$25.00US$17.00US$20.1211
Sep ’24US$16.60
US$20.73
+24.9%
9.2%US$25.00US$17.00US$20.7811
Aug ’24US$16.88
US$20.73
+22.8%
9.2%US$25.00US$17.00US$19.1911
Jul ’24US$18.22
US$20.64
+13.3%
10.2%US$25.00US$16.00US$18.7911
Jun ’24US$17.50
US$20.25
+15.7%
11.1%US$25.00US$16.00US$16.7012
May ’24US$16.70
US$20.55
+23.0%
11.6%US$25.00US$17.00US$15.7611
Apr ’24US$16.03
US$20.91
+30.4%
11.3%US$25.00US$17.00US$15.6511
Mar ’24US$17.62
US$21.09
+19.7%
10.0%US$25.00US$17.00US$15.4211
Feb ’24US$19.11
US$21.21
+11.0%
11.6%US$26.00US$17.00US$14.9612
Analyst Price Target
Consensus Narrative from 12 Analysts
US$21.63
Fair Value
3.8% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/18 15:10
End of Day Share Price 2025/02/18 00:00
Earnings2024/12/31
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 26 analysts. 7 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
Anthony PowellBarclays