Independence Realty Trust, Inc. (IRT)
| Market Cap | 1.44B |
| Revenue (ttm) | 211.91M |
| Net Income (ttm) | 14.77M |
| Shares Out | 93.66M |
| EPS (ttm) | 0.16 |
| PE Ratio | 89.75 |
| Forward PE | 285.71 |
| Dividend | $0.54 |
| Dividend Yield | 3.81% |
| Trading Day | February 25 |
| Last Price | $14.18 |
| Previous Close | $14.39 |
| Change ($) | -0.21 |
| Change (%) | -1.46% |
| Day's Open | 14.32 |
| Day's Range | 14.12 - 14.55 |
| Day's Volume | 419,368 |
| 52-Week Range | 6.66 - 14.75 |
Independence Realty Trust (IRT) delivered FFO and revenue surprises of 4.76% and -1.00%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the...
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Fourth Quarter and Full Year 2020 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Tax Treatment of Dividends in 2020
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Fourth Quarter and Full Year 2020 Earnings Release and Conference Call Dates
IRT continues to perform well fundamentally. The dividend is pretty poor among peers.
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Appoints Lisa Washington to Board of Directors
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Fourth Quarter 2020 Dividend
The election results will be announced soon. We discuss how a Trump or Biden victory could affect your REITs.
IRT's portfolio of apartment communities is strategically located in fast-growing Sun Belt and Midwestern states. With mostly Class B apartments in second- and third-tier cities, IRT has avoid...
Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q3 2020 Results - Earnings Call Transcript
Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0.00% and 3.35%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the...
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Third Quarter 2020 Financial Results
Independence Realty Trust cut its dividends by 33%. The small cap REIT has been jostled around by the market post the pandemic.
Several housing REITs remain very attractive. Apartment REITs in particular are attractive due to huge discounts to NAV and high market-implied cap rates. ELS reported Q3 2020 normalized FFO a...
Why Small-Cap REITs Have More Upside - Plus 2 To Buy
Unique Doesn't Mean Useful
We're still seeing great bargains throughout the apartment REIT subsector.
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Third Quarter 2020 Earnings Release and Conference Call Dates
What REIT Prices Should Be Now
Many apartment REITs remain at substantial discounts to NAV. There is a clear correlation with coastal properties and larger discounts to NAV.
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Third Quarter 2020 Dividend
Why Real Assets Will Soar In The Recovery
Gateway cities have been plagued by severe economic decline, strict lockdowns, rising violent crime, housing unaffordability, and remote work shift.
What You Should Know About The REIT Rally
I Put Half Of My Retirement Into These Investments
Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q2 2020 Results - Earnings Call Transcript
Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0.00% and -1.15%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Independence Realty Trust: Attractive Markets, But Leverage Is A Concern
Investors need to pay close attention to Independence Realty Trust (IRT) stock based on the movements in the options market lately.
The More It Drops, The More I Buy: Bear Market Edition
I Put Half Of My Net Worth Into Real Investments
Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q1 2020 Results - Earnings Call Transcript
Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0.00% and -1.89%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the st...
Residential REIT Outlook Bright Despite Coronavirus Woes
Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q4 2019 Results - Earnings Call Transcript
Within the Hoya Capital Apartment REIT Index, we track the twelve largest apartment REITs, which account for roughly $140 billion in market value and more than 500,000 total housing units
Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0.00% and -1.62%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the...
So how do we tell when a REIT is overpriced?
Independence Realty Trust's (IRT) CEO Scott Schaeffer on Q3 2019 Results - Earnings Call Transcript
Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0.00% and -0.76%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for th...
Does Independence Realty Trust (IRT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Trade war ambiguity and tepid demand are forcing companies to downscale production, thereby contracting the manufacturing activity in the United States.
Does Independence Realty Trust (IRT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q2 2019 Results - Earnings Call Transcript
Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0.00% and 1.35%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Real estate investment trusts (REITs) are simply the best dividend payers you can own right now.
If more people buy homes, then rental rate growth will likely slow, which could have an impact on residential REITs.
Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q1 2019 Results - Earnings Call Transcript
Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0.00% and -0.68%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the st...
About IRT
Independence Realty Trust (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on... [Read more...]
| Industry REIT-Residential | IPO Date Aug 13, 2013 |
| CEO Scott Schaeffer | Employees 444 |
| Stock Exchange NYSE | Ticker Symbol IRT |
Financial Performance
In 2020, IRT's revenue was $211.91 million, an increase of 4.27% compared to the previous year's $203.22 million. Earnings were $14.77 million, a decrease of -67.82%.
Analyst Forecasts
According to 10 analysts, the average rating for IRT stock is "Buy." The 12-month stock price forecast is 15.06, which is an increase of 6.21% from the latest price.