Independence Realty Trust/$IRT
1D1W1MYTD1Y5YMAX
Capital at risk
About Independence Realty Trust
Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.
- Ticker
- $IRT
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 904
- Headquarters
- Philadelphia, United States
- Website
- www.irtliving.com
IRT Metrics
BasicAdvanced
$3.5B
83.98
$0.18
0.95
$0.69
4.78%
Price and volume
Market cap
$3.5B
Beta
0.95
52-week high
$17.79
52-week low
$14.60
Average daily volume
3.1M
Dividend rate
$0.69
Financial strength
Current ratio
0.908
Quick ratio
0.147
Long term debt to equity
0.678
Total debt to equity
0.702
Dividend payout ratio (TTM)
370.01%
Interest coverage (TTM)
1.49%
Profitability
EBITDA (TTM)
368.423
Gross margin (TTM)
60.68%
Net profit margin (TTM)
6.42%
Operating margin (TTM)
18.31%
Revenue per employee (TTM)
$750,000
Management effectiveness
Return on assets (TTM)
1.29%
Return on equity (TTM)
1.26%
Valuation
Price to earnings (TTM)
83.981
Price to revenue (TTM)
5.235
Price to book
1.05
Price to tangible book (TTM)
1.05
Price to free cash flow (TTM)
27.285
Free cash flow yield (TTM)
3.66%
Free cash flow per share (TTM)
0.552
Dividend yield (TTM)
4.58%
Forward dividend yield
4.78%
Growth
Revenue change (TTM)
4.92%
Earnings per share change (TTM)
48.94%
3-year revenue growth (CAGR)
1.66%
10-year revenue growth (CAGR)
16.89%
3-year earnings per share growth (CAGR)
-16.65%
10-year earnings per share growth (CAGR)
-17.96%
3-year dividend per share growth (CAGR)
5.96%
10-year dividend per share growth (CAGR)
-0.42%
Bulls say / Bears say
IRT’s value-add program is producing attractive returns: it renovated 600 units in Q2 2026 at a weighted-average 16.4% ROI, generating an average monthly rent premium of $279 per renovated unit. (IRT Q2 2026 results)
Leasing momentum improved during the quarter: renewal lease spreads reached 4.1%, blended lease-over-lease growth turned positive at 0.5%, and average same-store occupancy remained solid at 95.3%. (IRT Q2 2026 results)
The balance sheet provides meaningful near-term flexibility: IRT reported approximately $503.1 million of liquidity, 86.9% of debt fixed or hedged, and a Fitch outlook upgrade to Positive; it also raised its quarterly dividend 5.9% to $0.18 per share. (IRT Q2 2026 results)
Same-store growth remains modest: Q2 2026 rental revenue increased just 0.9% and same-store NOI rose 1.2%; new-lease effective rent growth was negative 3.5%, indicating continued pressure on move-in pricing. (IRT Q2 2026 results)
Leverage and refinancing remain material risks: net debt to adjusted EBITDA was 6.5x, weighted-average debt maturity was only 2.9 years, and quarterly interest expense increased $2.8 million year over year. (IRT Q2 2026 Form 10-Q)
Capital needs could weigh on cash-flow growth: during the first half of 2026, IRT spent $18.5 million on recurring capital expenditures, $22.1 million on value-add projects, and $18.4 million on non-recurring expenditures. (IRT Q2 2026 results)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.
Upcoming events
IRT News
AllArticlesVideos
Centerspace Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Centerspace - CSR
Business Wire1 week ago
IRT Stock Alert: Halper Sadeh LLC is Investigating Whether Independence Realty Trust, Inc. is Obtaining a Fair Price for its Shareholders
Business Wire2 weeks ago
Independence Realty Trust and Centerspace Agree to $8.1 Billion Merger
WSJ2 weeks ago
Funds containing IRT
AllUSDGBPEUR
Fund name | Fund size | $IRT weighting |
|---|---|---|
iShares Developed Markets Property Yield$IDWP | $1.2B | 0.21% |
iShares Developed Markets Property Yield£IWDP | £859M | 0.21% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.12% |
SPDR S&P 400 US Mid Cap$SPY4 | $6.3B | 0.10% |
SPDR S&P 400 US Mid Cap£SPX4 | £4.7B | 0.10% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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