Independence Realty Trust, Inc. (IRT)

NYSE: IRT · Real-Time Price · USD
16.31
+0.02 (0.12%)
Apr 30, 2026, 4:00 PM EDT - Market closed
Market Cap3.93B -9.0%
Revenue (ttm)672.84M +4.9%
Net Income48.14M +60.1%
EPS0.20 +52.9%
Shares Out 241.21M
PE Ratio81.86
Forward PE100.31
Dividend$0.68 (4.17%)
Ex-Dividend DateMar 27, 2026
Volume3,540,097
Open15.95
Previous Close16.29
Day's Range15.94 - 16.52
52-Week Range14.60 - 19.83
Beta0.99
AnalystsBuy
Price Target20.45 (+25.38%)
Earnings DateApr 29, 2026

About IRT

Independence Realty Trust, Inc. a Maryland corporation, is a self-administered and self-managed real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. As of December 31, 2025, we owned and operated 114 multifamily apartment properties (including one owned through a consolidated joint venture) that contain an aggregate of 33,462 units in the following Southeastern and Midwestern states: Alabama, Colorado, Florida, Georgia, Indiana, Kentucky, North... [Read more]

IPO Date Aug 13, 2013
Employees 904
Stock Exchange NYSE
Ticker Symbol IRT
Full Company Profile

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 Statements

Analyst Summary

According to 10 analysts, the average rating for IRT stock is "Buy." The 12-month stock price target is $20.45, which is an increase of 25.38% from the latest price.

Price Target
$20.45
(25.38% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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.

17 hours ago - Transcripts

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...

1 day ago - Business Wire

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:...

20 days ago - Business Wire

Independence Realty Trust Declares First Quarter 2026 Dividend

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. The first...

7 weeks ago - Business Wire

Independence Realty Trust Earnings Call Transcript: Q4 2025

Same-store NOI and core FFO met guidance in 2025, with strong value-add returns and stable occupancy. 2026 guidance anticipates modest NOI and rent growth, improved market fundamentals, and continued capital allocation to renovations and share buybacks.

2 months ago - Transcripts

Independence Realty Trust Announces Fourth Quarter and Full Year 2025 Financial Results

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, announces its fourth quarter and full year 2025 financial results. EPS of $0.24 for Fu...

2 months ago - Business Wire

Independence Realty Trust Announces Tax Treatment of Dividends in 2025

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax status of 2025 dividend distributions on its common stock. The final income allocations as th...

3 months ago - Business Wire

IRT Announces Dates for Fourth Quarter and Full Year 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 fourth quarter and full year...

3 months ago - Business Wire

Independence Realty Trust Declares Fourth Quarter 2025 Dividend

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. The fourt...

4 months ago - Business Wire

Independence Realty Trust Publishes 2024 Sustainability Report

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), announces the publication of its 2024 Sustainability Report, which can be accessed by going to visit https://investo...

6 months ago - Business Wire

Independence Realty Trust Earnings Call Transcript: Q3 2025

Q3 2025 results met expectations with stable occupancy, improved bad debt, and strong value-add returns. Acquisitions in Orlando expanded market presence, while guidance was narrowed and supply pressures are easing in key markets. Leverage and liquidity remain strong.

6 months ago - Transcripts

Independence Realty Trust Announces Third Quarter 2025 Financial Results

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, announces its third quarter 2025 financial results. Q3 2025 EPS of $0.03 Q3 CFFO Per S...

6 months ago - Business Wire

IRT Announces Dates for Third 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 third quarter 2025 financial...

7 months ago - Business Wire

Independence Realty Trust Declares Third Quarter 2025 Dividend

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. The third...

8 months ago - Business Wire

Independence Realty Trust Earnings Call Transcript: Q2 2025

Q2 results met expectations as expense savings offset softer revenue growth, with strong retention and stable occupancy. Guidance for 2025 was revised lower for revenue and new lease growth, but expense outlook improved, supporting stable NOI and FFO per share.

9 months ago - Transcripts

Independence Realty Trust Announces Second Quarter 2025 Financial Results

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, announces its second quarter 2025 financial results. Q2 2025 EPS of $0.03 Q2 CFFO Per ...

9 months ago - Business Wire

IRT Announces Dates for Second 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 second quarter 2025 financia...

10 months ago - Business Wire

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...

1 year ago - Business Wire

Independence Realty Trust Earnings Call Transcript: Q1 2025

Q1 2025 saw 2.7% same-store NOI growth and stable core FFO per share, with strong demand in Class B assets and value-add programs. Guidance remains unchanged, expecting rental rate acceleration as supply pressures ease and liquidity supports accretive investments.

1 year ago - Transcripts

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

Independence Realty Trust Transcript: Citi’s 30th Annual Global Property CEO Conference 2025

Management anticipates a multi-year period of strong rent growth driven by limited new supply and robust demand in high-growth markets. Capital is being deployed into accretive acquisitions and value-add projects, while operational efficiency and expense control remain priorities. Financial guidance is on track, with risks mainly tied to macroeconomic factors.

1 year ago - Transcripts

Independence Realty Trust Earnings Call Transcript: Q4 2024

Core FFO per share reached $1.16 for 2024, with strong same-store NOI and occupancy gains. 2025 guidance anticipates stable FFO, increased value-add renovations, and further deleveraging, supported by robust liquidity and a favorable supply-demand outlook.

1 year ago - Transcripts

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...

1 year ago - Business Wire