Independence Realty Trust, Inc. (IRT)
| Market Cap | 4.25B |
| Revenue (ttm) | 641.33M |
| Net Income (ttm) | 30.07M |
| Shares Out | 239.33M |
| EPS (ttm) | 0.13 |
| PE Ratio | 136.32 |
| Forward PE | 75.70 |
| Dividend | $0.64 (3.60%) |
| Ex-Dividend Date | Jun 27, 2025 |
| Volume | 1,801,025 |
| Open | 17.78 |
| Previous Close | 17.73 |
| Day's Range | 17.55 - 17.96 |
| 52-Week Range | 17.10 - 22.26 |
| Beta | 0.97 |
| Analysts | Buy |
| Price Target | 22.70 (+27.82%) |
| Earnings Date | Jul 30, 2025 |
About IRT
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-adjus... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for IRT stock is "Buy." The 12-month stock price forecast is $22.7, which is an increase of 27.82% from the latest price.
News
The State Of REITs: June 2025 Edition
REITs saw a month of recovery in May (+2.08%), but still have a long way to go to get back into the black in 2025 with an average -7.33% return. Micro cap REITs (-0.73%) continued to struggle, while s...
4 U.S., Canadian REITs Hike Dividend Payments In May
Two publicly listed real estate investment trusts in the US declared increases to their regular dividends in May, according to S&P Global Market Intelligence data. Two Canadian REITs declared dividend...
Independence Realty Trust: Recent Underperformance Presents A Buying Opportunity (Rating Upgrade)
Independence Realty Trust is a residential REIT focused on the Sunbelt region, with Atlanta and Dallas the largest markets for the company. Q1 2025 results show strong underlying NOI momentum but also...
Independence Realty Trust Increases Quarterly Dividend by 6%
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announces that its board of directors approved a quarterly dividend of $0.17 per share of IRT common stock, which rep...
Independence Realty Trust, Inc. (IRT) Q1 2025 Earnings Call Transcript
Independence Realty Trust, Inc. (IRT) Q1 2025 Earnings Call Transcript
Independence Realty Trust Announces First Quarter 2025 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, announces its first quarter 2025 financial results. _______________________ Q1 2025 EP...
IRT Announces Dates for First Quarter 2025 Earnings Release and Conference Call
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), announces the release date and conference call details in which management will discuss first quarter 2025 financial...
Independence Realty Trust Announces First Quarter 2025 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announces that its board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable o...
Independence Realty Trust: Aligned To Benefit From Population Migration
Independence Realty Trust, Inc. has outperformed the S&P 500 due to its strong portfolio of multifamily properties and strategic focus on the sunbelt region. IRT's Q4 earnings showed mixed results, bu...
The State Of REITs: February 2025 Edition
After a brutal December (-6.85%), the REIT sector averaged negative total returns again in January (-1.29%). Large cap (+0.30%) and mid cap REITs (+0.09%) averaged small gains in January, whereas smal...
Independence Realty Trust, Inc. (IRT) Q4 2024 Earnings Call Transcript
Independence Realty Trust, Inc. (NYSE:IRT) Q4 2024 Earnings Conference Call February 13, 2025 9:00 AM ET Company Participants Maddy Zimba - Investor Relations Scott Schaeffer - Chief Executive Office...
Independence Realty Trust Announces Fourth Quarter and Full Year 2024 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT” and the “Company”) (NYSE: IRT), a multifamily apartment REIT, announces its fourth quarter and full year 2024 financial results an...
Independence Realty Trust Announces Tax Treatment of Dividends in 2024
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax status of 2024 dividend distributions on its common stock. The final income allocations as th...
Independence Realty Trust Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Dates
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its fourth quarter and full year 2024 financial results after market close...
Independence Realty Trust Announces Expanded Unsecured Credit Facility, Reflecting Increased Financial Flexibility and More Favorable Capital Structure
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that on January 8, 2025 its operating partnership, Independence Realty Operating Partnership, LP, entered i...
Sector Spotlight: Multifamily REITs - They Survived Until 2025!
COVID-19 led to a migration to Sunbelt cities, causing a surge in apartment rents and subsequent overbuilding, which is now stabilizing. Multifamily REITs saw a decline in valuations but are now modes...
Independence Realty Trust Announces Fourth Quarter 2024 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, p...
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior h...
12 REITs Poised For Potential Outperformance
As REIT prices rise, high-yield opportunities dwindle, making this a good time to focus on dividend growth for better long-term returns. Dividend growth stocks, despite lower initial yields, can surpa...
Independence Realty Trust Scheduled to Participate in Nareit's REITworld Annual Conference
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and Chief Executive Officer, Jim Sebra, Chief Financial Officer and Pr...
Independence Realty Trust, Inc. (IRT) Q3 2024 Earnings Call Transcript
Independence Realty Trust, Inc. (IRT) Q3 2024 Earnings Call Transcript
Independence Realty Trust Announces Third Quarter 2024 Financial Results and ‘BBB' Investment Grade Rating from S&P
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its third quarter 2024 financial results and that it has received a ‘B...