Independence Realty Trust, Inc. (IRT)
| Market Cap | 3.48B -8.6% |
| Revenue (ttm) | 677.16M +4.9% |
| Net Income | 43.48M +56.6% |
| EPS | 0.18 +48.9% |
| Shares Out | 241.26M |
| PE Ratio | 80.58 |
| Forward PE | 61.82 |
| Dividend | $0.72 (4.99%) |
| Ex-Dividend Date | Sep 30, 2026 |
| Volume | 3,611,816 |
| Open | 14.75 |
| Previous Close | 14.73 |
| Day's Range | 14.41 - 14.75 |
| 52-Week Range | 14.34 - 17.79 |
| Beta | 0.98 |
| Analysts | Buy |
| Price Target | 19.27 (+33.45%) |
| Est. Earnings | Oct 28, 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 13 analysts, the average rating for IRT stock is "Buy." The 12-month stock price target is $19.27, which is an increase of 33.45% from the latest price.
News
Centerspace Announces Third Quarter 2026 Earnings Release Date
MINNEAPOLIS, Oct. 1, 2026 /PRNewswire/ -- Centerspace (NYSE: CSR) (the "Company") will release its operating results for the quarter ended September 30, 2026, after the market closes on Monday, Novemb...
Irenic opposes Independence Realty Trust’s proposed Centerspace acquisition
renic Capital Management, one of the largest actively managed shareholders of Independence Realty Trust (IRT) with approximately 2% ownership, sent a letter to the Company’s Board of Directors express...
Irenic Sends Letter to Independence Realty Trust Board of Directors Opposing Proposed Acquisition of Centerspace and Urging a Sale of the Company
NEW YORK--(BUSINESS WIRE)--Irenic Capital Management LP ("Irenic"), one of the largest actively managed shareholders of Independence Realty Trust, Inc. ("IRT" or the "Company") (NYSE: IRT) with approx...
Independence Realty Trust Slides: Investor presentation
Independence Realty Trust has posted slides in relation to its latest quarterly earnings report, which was published on September 24, 2026.
Independence Realty Trust price target lowered to $18 from $19 at UBS
UBS lowered the firm’s price target on Independence Realty Trust (IRT) to $18 from $19 and keeps a Buy rating on the shares after assuming coverage of the name. Coastal…
Independence Realty Trust Transcript: M&A announcement
A merger will create a leading multifamily REIT with $8.1B in enterprise value and over 44,000 units, enhancing scale, diversification, and growth potential. The deal is expected to deliver $24M in annual synergies, 5% Core FFO accretion by 2027, and extend value-add and Wi-Fi growth initiatives.
Independence Realty Trust Press release: M&A announcement
Independence Realty Trust issued a press release on September 9, 2026, disclosing material business information to investors.
Independence Realty Trust Slides: M&A announcement
Independence Realty Trust has posted slides in relation to its latest quarterly earnings report, which was published on September 9, 2026.
Independence Realty Trust and Centerspace Agree to $8.1 Billion Merger
Independence Realty Trust and Centerspace agreed to a merger, creating a middle-market apartment real-estate investment trust valued at $8.1 billion, including debt.
Independence Realty Trust, Centerspace to merge in $8.1B combination
06:01 EDT Independence Realty Trust (IRT), Centerspace (CSR) to merge in $8.1B combination
Independence Realty Trust, Centerspace to merge in $8.1B combination
Independence Realty Trust (IRT) and Centerspace (CSR) announced that they have entered into a definitive merger agreement under which Centerspace and IRT will combine in an all-stock transaction, crea...
Independence Realty Trust and Centerspace to Merge in $8.1 Billion Combination
PHILADELPHIA & MINNEAPOLIS--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) ("IRT") and Centerspace (NYSE: CSR) ("Centerspace") today announced that they have entered into a definitive me...
Independence Realty Trust Declares Third Quarter 2026 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announces that its board of directors approved a quarterly dividend of $0.18 per share of IRT common stock. The third...
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 improved with positive new lease spreads in August and strong lead growth. Same-store NOI and revenue guidance were raised, supported by the Wi-Fi initiative and robust value add returns. Asset sales will fund deleveraging and potential buybacks.
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.