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Independence Realty Trust NYSE:IRT Stock Report

Last Price

US$16.13

Market Cap

US$3.7b

7D

-0.2%

1Y

2.7%

Updated

28 Mar, 2024

Data

Company Financials +

Independence Realty Trust, Inc.

NYSE:IRT Stock Report

Market Cap: US$3.7b

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.

IRT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends3/6

Independence Realty Trust, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Independence Realty Trust
Historical stock prices
Current Share PriceUS$16.13
52 Week HighUS$18.77
52 Week LowUS$11.61
Beta1.04
1 Month Change10.71%
3 Month Change5.42%
1 Year Change2.74%
3 Year Change3.53%
5 Year Change50.47%
Change since IPO90.89%

Recent News & Updates

Independence Realty: Q4 Earnings Show Improved Portfolio Strength

Feb 17

Recent updates

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

Independence Realty Trust declares $0.14 dividend

Sep 12

Independence Realty Trust reports Q2 results

Jul 27

If EPS Growth Is Important To You, Independence Realty Trust (NYSE:IRT) Presents An Opportunity

Jul 25
If EPS Growth Is Important To You, Independence Realty Trust (NYSE:IRT) Presents An Opportunity

Independence Realty Trust: Undervalued Inflation Hedge

Jul 18

Doubling Down: Independence Realty Sees Itself In Steadfast Merger

Jun 11

Independence Realty Trust: The Fifth-Best REIT Investment Of The Last 5 Years

Apr 22

Independence Realty Trust Stock Forecast: What To Expect In 2022

Feb 17

Independence Realty Trust: Still Hasn't Earned Shareholders' Trust

Jan 08

Independence Realty Trust: After The Merger

Oct 04

Independence Realty Has Great Properties But Poor Governance

Aug 06

Independence Realty Trust: An Expensive But Quality Operator

Jun 17

Shareholder Returns

IRTUS Residential REITsUS Market
7D-0.2%-0.2%0.2%
1Y2.7%4.0%28.1%

Return vs Industry: IRT underperformed the US Residential REITs industry which returned 3.9% over the past year.

Return vs Market: IRT underperformed the US Market which returned 28.8% over the past year.

Price Volatility

Is IRT's price volatile compared to industry and market?
IRT volatility
IRT Average Weekly Movement4.1%
Residential REITs Industry Average Movement3.2%
Market Average Movement6.1%
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.

Volatility Over Time: IRT's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2009952Scott Schaefferhttps://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

How do Independence Realty Trust's earnings and revenue compare to its market cap?
IRT fundamental statistics
Market capUS$3.69b
Earnings (TTM)-US$17.23m
Revenue (TTM)US$656.50m

5.5x

P/S Ratio

-210.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IRT income statement (TTM)
RevenueUS$656.50m
Cost of RevenueUS$271.41m
Gross ProfitUS$385.08m
Other ExpensesUS$402.31m
Earnings-US$17.23m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-0.077
Gross Margin58.66%
Net Profit Margin-2.62%
Debt/Equity Ratio71.5%

How did IRT perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

50%

Payout Ratio
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