Independence Realty Trust, Inc. (IRT)
| Market Cap | 3.90B -8.0% |
| Revenue (ttm) | 677.16M +4.9% |
| Net Income | 43.48M +56.6% |
| EPS | 0.18 +48.9% |
| Shares Out | 241.26M |
| PE Ratio | 90.12 |
| Forward PE | 56.37 |
| Dividend | $0.72 (4.46%) |
| Ex-Dividend Date | Jun 26, 2026 |
| Volume | 595,823 |
| Open | 16.16 |
| Previous Close | 16.18 |
| Day's Range | 16.15 - 16.30 |
| 52-Week Range | 14.60 - 18.19 |
| Beta | 0.95 |
| Analysts | Buy |
| Price Target | 19.50 (+20.74%) |
| Earnings Date | Aug 3, 2026 |
About IRT
Independence Realty Trust, Inc., an S&P 400 MidCap Company, is a real estate investment trust 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 investment objective is to provide attractive risk-adjusted returns to shareholders through diligent portfolio management, strong operational performance, and a consistent return on capita... [Read more]
Financial Performance
In 2025, Independence Realty Trust's revenue was $668.76 million, an increase of 4.43% compared to the previous year's $640.38 million. Earnings were $56.56 million, an increase of 43.95%.
Financial StatementsAnalyst Summary
According to 14 analysts, the average rating for IRT stock is "Buy." The 12-month stock price target is $19.5, which is an increase of 20.74% from the latest price.
News
Independence Realty Trust price target raised to $19 from $18 at RBC Capital
RBC Capital raised the firm’s price target on Independence Realty Trust (IRT) to $19 from $18 and keeps an Outperform rating on the shares. Independence Realty Trust delivered a strong…
Independence Realty Trust Earnings Call Transcript: Q2 2026
Operating momentum accelerated with improved rental rates, reduced concessions, and strong leasing demand. Same-store NOI and revenue guidance were raised, with 87% of full-year revenue growth already achieved or contracted. The Wi-Fi initiative and value-add renovations are driving incremental NOI and future growth.
Independence Realty Trust Earnings release: Q2 2026
Independence Realty Trust released its Q2 2026 earnings on August 4, 2026, summarizing the period's financial results.
Independence Realty Trust Quarterly report: Q2 2026
Independence Realty Trust has published its Q2 2026 quarterly earnings report on August 4, 2026.
Independence Realty Trust reports Q2 core FFO 28c, consensus 27c
Reports Q2 revenue $167.126M, consensus $166.98M. “Market conditions are improving and momentum is building across the portfolio as we move through 2026,” said Scott Schaeffer, Chairman and CEO of IRT...
Independence Realty Trust Announces Second Quarter 2026 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, announces its second quarter 2026 financial results. Second Quarter 2026 EPS of $0.01 ...
Independence Realty transferred with Hold rating at Deutsche Bank
Deutsche Bank kept a Hold rating on Independence Realty Trust (IRT) with an $18 price target following a transfer of coverage. The firm named UDR its preferred value investment in…
Independence Realty upgraded to Overweight from Equal Weight at Barclays
Barclays upgraded Independence Realty Trust (IRT) to Overweight from Equal Weight with a price target of $20, up from $19. The firm cites the stock’s attractive relative valuation and a…
IRT Announces Dates for Second Quarter 2026 Earnings Release and Conference Call
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) announces the release date and conference call details related to its second quarter 2026 financial results. Details:...
Independence Realty Trust files automatic mixed securities shelf
16:32 EDT Independence Realty Trust (IRT) files automatic mixed securities shelf
Independence Realty Trust Transcript: Nareit REITweek: 2026 Investor Conference
A diversified Sun Belt and Midwest portfolio is benefiting from declining new supply, strong demand, and a robust value-add program that drives NOI growth. Expense control, AI-driven efficiencies, and disciplined capital allocation support continued outperformance and flexibility for share buybacks.
Independence Realty Trust price target lowered to $19 from $20 at UBS
UBS lowered the firm’s price target on Independence Realty Trust (IRT) to $19 from $20 and keeps a Buy rating on the shares.
Independence Realty Trust raises quarterly dividend 6% to 18c per share
The second quarter 2026 dividend is payable on July 17, 2026, to shareholders of record at the close of business on June 26, 2026.
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 $0.18 per share of IRT common stock, which rep...
Independence Realty Trust price target raised to $19 from $18 at Barclays
Barclays analyst Richard Hightower raised the firm’s price target on Independence Realty Trust (IRT) to $19 from $18 and keeps an Equal Weight rating on the shares. The firm adjusted…
Independence Realty Trust Slides: Investor presentation
Independence Realty Trust has posted slides in relation to its latest quarterly earnings report, which was published on May 4, 2026.
Independence Realty Trust Earnings Call Transcript: Q1 2026
First quarter 2026 results were in line with expectations, with stable occupancy, rising rents, and affirmed full-year guidance. Value-add initiatives and capital recycling are progressing, while supply pressures are easing in most markets.
Independence Realty Trust Earnings release: Q1 2026
Independence Realty Trust released its Q1 2026 earnings on April 30, 2026, summarizing the period's financial results.
Independence Realty Trust Quarterly report: Q1 2026
Independence Realty Trust has published its Q1 2026 quarterly earnings report on April 30, 2026.
Independence Realty Trust reports Q1 FFO 26c, consensus 27c
Reports Q1 revenue $165.21M, consensus $165.05M.
Independence Realty Trust affirms FY26 FFO view $1.12-$1.16, consensus $1.15
16:13 EDT Independence Realty Trust (IRT) affirms FY26 FFO view $1.12-$1.16, consensus $1.15
Independence Realty Trust Announces First Quarter 2026 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, announces its first quarter 2026 financial results. First Quarter 2026 EPS of $0.00 Fi...
IRT Announces Dates for First Quarter 2026 Earnings Release and Conference Call
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), announces the release date and conference call details related to its first quarter 2026 financial results. Details:...
Independence Realty Trust price target lowered to $19 from $21 at KeyBanc
KeyBanc lowered the firm’s price target on Independence Realty Trust (IRT) to $19 from $21 and keeps an Overweight rating on the shares. The firm is decreasing its 2026 FFO/share…
Independence Realty Trust Proxy statement: Proxy filing
Independence Realty Trust filed a proxy statement on March 19, 2026, providing details for shareholder voting and corporate governance matters.