Independence Realty Trust, Inc. (IRT)
| Market Cap | 4.45B |
| Revenue (ttm) | 640.38M |
| Net Income (ttm) | 39.29M |
| Shares Out | 236.70M |
| EPS (ttm) | 0.17 |
| PE Ratio | 110.59 |
| Forward PE | 76.22 |
| Dividend | $0.64 (3.42%) |
| Ex-Dividend Date | Mar 28, 2025 |
| Volume | 1,171,474 |
| Open | 18.83 |
| Previous Close | 18.73 |
| Day's Range | 18.69 - 18.92 |
| 52-Week Range | 15.27 - 22.26 |
| Beta | 0.98 |
| Analysts | Strong Buy |
| Price Target | 22.67 (+20.59%) |
| Earnings Date | Apr 30, 2025 |
About IRT
Independence Realty Trust, Inc. (NYSE: IRT), an S&P MidCap 400 Company, is a real estate investment trust (“REIT”) that owns and operates multifamily communities across non-gateway U.S. markets. 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’s main objective is to provide attractive risk-adjusted returns to stockholders through diligent portfolio management, strong operational performance, and consistent returns ... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for IRT stock is "Strong Buy." The 12-month stock price forecast is $22.67, which is an increase of 20.59% from the latest price.
News
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...
U.S. REITs Log Dip In Short Interest In September
Average REIT short interest fell 8 basis points in September to 3.7% of shares outstanding, per S&P Global Market Intelligence data. The hotel sector followed with a 60-basis point drop, while the off...
Independence Realty Trust Reports Minimal Impact on Communities from Hurricane Milton
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today that its communities in Tampa and Orlando, Florida were minimally impacted by Hurricane Milton. “We e...
Independence Realty Trust: Likely Priced In After Its Year-To-Date Rally
Independence Realty Trust, Inc. has surged by approximately 25% year-to-date, likely driven by lower U.S. interest rates and asset class discounts. Despite boasting solid occupancy rates and rental es...
Independence Realty Trust Announces Third Quarter 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 third quarter 2024 financial results after market close on Wednesday, ...
Independence Realty Trust Reports Minimal Damage to Communities from Hurricane Helene
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today the Company's apartment communities did not incur any significant damage as a result of Hurricane Hel...
Independence Realty Trust Announces Third 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...
Sourcescrub Names Co-Founder as New CEO as Company Expands Its Product Differentiation
SAN FRANCISCO--(BUSINESS WIRE)--Sourcescrub LLC, the leading deal-sourcing platform, is excited to announce the return of co-founder Prescott Nasser as CEO. With a history of driving innovation and st...