Independence Realty Trust, Inc. (IRT)
| Market Cap | 4.38B |
| Revenue (ttm) | 641.63M |
| Net Income (ttm) | -221,000 |
| Shares Out | 230.67M |
| EPS (ttm) | -0.00 |
| PE Ratio | n/a |
| Forward PE | 78.51 |
| Dividend | $0.64 (3.37%) |
| Ex-Dividend Date | Dec 31, 2024 |
| Volume | 1,087,896 |
| Open | 19.07 |
| Previous Close | 19.02 |
| Day's Range | 18.90 - 19.08 |
| 52-Week Range | 14.08 - 22.26 |
| Beta | 1.20 |
| Analysts | Buy |
| Price Target | 20.33 (+7.0%) |
| Earnings Date | Feb 12, 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 9 analysts, the average rating for IRT stock is "Buy." The 12-month stock price forecast is $20.33, which is an increase of 7.00% from the latest price.
News
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...
Independence Realty Trust Announces Closing of Public Offering of 11,500,000 shares of Common Stock, Including Exercise in Full of Underwriters' Option to Purchase Additional Shares
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced the closing of its previously announced underwritten public offering o...
Independence Realty Trust Announces Pricing of Public Offering of 10,000,000 Shares of Common Stock
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced the pricing of its public offering of 10,000,000 shares of common stoc...
Independence Realty Trust Announces Public Offering of 10,000,000 Shares of Common Stock
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced that it is commencing an underwritten public offering of 10,000,000 sh...
Independence Realty Trust Promotes Jim Sebra to President
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today that Jim Sebra, the Company's Chief Financial Officer has been appointed to President and Chief Finan...
Independence Realty Trust Announces Private Placement of $150 Million of Unsecured Notes
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today that it has agreed to sell $150 million in aggregate principal amount of unsecured notes (the “Notes”...
Massive Apartment Deals Demonstrate Value Of Apartment REITs
Equity Residential bought 11 apartments with 3572 units from Blackstone for $964 million, expanding its presence in Dallas, Denver, and Atlanta. Public apartment REITs are trading below asset value, w...
Independence Realty Trust: Robust Operating Performance But Time To Play Offense (Rating Downgrade)
Independence Realty Trust is a multifamily REIT with significant exposure to the Sun Belt region. The REIT has outperformed the Vanguard Real Estate Index Fund ETF by roughly 24% in 2024. Core FFO was...
Independence Realty Trust, Inc (IRT) Q2 2024 Earnings Call Transcript
Independence Realty Trust, Inc (NYSE:IRT) Q2 2024 Results Conference Call August 1, 2024 9:00 AM ET Company Participants Maddy Zimba - Head of Investor Relations Scott Schaeffer - Chief Executive Off...
Independence Realty Trust Announces Second Quarter 2024 Financial Results and Increases Midpoint of Full Year 2024 Same Store NOI, EPS, and Core FFO Guidance Ranges
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its second quarter 2024 financial results and raised the midpoint of i...