Independence Realty Trust/$IRT
1D1W1M3M6MYTD1Y5YMAX
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
83.37
$0.18
0.95
$0.70
4.82%
Price and volume
Market cap
$3.5B
Beta
0.95
52-week high
$17.79
52-week low
$14.33
Average daily volume
3.6M
Dividend rate
$0.70
Financial strength
Current ratio
0.588
Quick ratio
0.158
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)
83.367
Price to revenue (TTM)
5.197
Price to book
1.03
Price to tangible book (TTM)
1.05
Price to free cash flow (TTM)
27.086
Free cash flow yield (TTM)
3.69%
Free cash flow per share (TTM)
0.552
Dividend yield (TTM)
4.69%
Forward dividend yield
4.82%
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%
What the Analysts think about IRT
Analyst ratings (Buy, Hold, Sell) for Independence Realty Trust stock.
Analyst projections of the future price of Independence Realty Trust stock.
Bulls say / Bears say
Leasing is improving: like-term new-lease rent changes narrowed from -3.9% in Q1 to -2.7% in Q2 and -1.1% in July, while August spreads were slightly positive. This could support stronger rental growth if the improvement holds. (The Motley Fool)
IRT’s renovation programme is producing attractive returns, with a 16.4% average return on investment in Q2 and a $279 monthly rent premium per renovated unit. The company also expects its new Wi-Fi service to add around $3 million of NOI in 2026. (IRT Reit, The Motley Fool)
The planned Centerspace acquisition would broaden IRT beyond its Sun Belt base, adding Midwest and Mountain West exposure that management describes as less volatile. This could balance the portfolio’s higher-growth but more variable Sun Belt markets. (Multifamily Dive, SEC)
Current operating growth remains modest: Q2 same-store rental revenue rose just 0.9%, average occupancy fell 30 basis points year on year to 95.0%, and new-lease spreads were still negative. That leaves earnings reliant on a sustained leasing recovery. (IRT Reit)
Leverage is high at 6.5 times net debt to adjusted EBITDA, and IRT raised its 2026 interest-expense outlook by $2 million to a midpoint of about $97 million. Higher financing costs could limit the benefit from improving property income. (IRT Reit, The Motley Fool)
The Centerspace deal brings financing and execution risk: IRT arranged a loan commitment of up to $716 million that matures 364 days after closing, subject to extension options. Refinancing that short-term borrowing and completing planned asset sales could prove challenging. (StockTitan, SEC)
Data summarised monthly by Lightyear AI. Last updated on 2 Nov 2026.
IRT Financial Performance
Revenues and expenses
IRT Earnings Performance
Company profitability
Upcoming events
No upcoming events
IRT News
AllArticlesVideos
Independence Realty Trust Q3 Earnings Call Highlights
MarketBeat7 hours ago
Centerspace Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Centerspace - CSR
Business Wire3 weeks ago
IRT Stock Alert: Halper Sadeh LLC is Investigating Whether Independence Realty Trust, Inc. is Obtaining a Fair Price for its Shareholders
Business Wire1 month ago
Funds containing IRT
AllUSDEURGBP
Fund name | Fund size | $IRT weighting |
|---|---|---|
iShares Developed Markets Property Yield$IDWP | $1.2B | 0.20% |
iShares Developed Markets Property Yield£IWDP | $1.2B | 0.20% |
SPDR Russell 2000 US Small Cap€R2US | $5.3B | 0.12% |
SPDR Russell 2000 US Small Cap£R2SC | $5.3B | 0.12% |
SPDR S&P 400 US Mid Cap£SPX4 | $6.4B | 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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