Symbols / IRT Stock $15.79 -0.38% Independence Realty Trust, Inc.

Real Estate • REIT - Residential • United States • NYQ
IRT (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Residential
CEO Mr. Scott F. Schaeffer
Exch · Country NYQ · United States
Market Cap 3.84B
Enterprise Value 6.12B
Income 56.56M
Sales 668.76M
FCF (ttm) 185.55M
Book/sh 14.61
Cash/sh 0.14
Employees 904
Insider 10d —
IPO Aug 13, 2013
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 279.17%
P/E 65.79
Forward P/E 92.88
PEG —
P/S 5.74
P/B 1.08
P/C —
EV/EBITDA 16.30
EV/Sales 9.15
Quick Ratio 0.07
Current Ratio 0.28
Debt/Eq 63.66
LT Debt/Eq —
EPS (ttm) 0.24
EPS next Y 0.17
EPS Growth —
Revenue Growth 3.60%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-04-29
Earnings (prior) 2026-02-11
ROA 1.37%
ROE 1.61%
ROIC —
Gross Margin 61.09%
Oper. Margin 22.38%
Profit Margin 8.46%
Shs Outstand 235.65M
Shs Float 235.12M
Insider Own 0.66%
Instit Own 103.00%
Short Float 6.60%
Short Ratio 5.19
Short Interest 11.10M
52W High 19.83
vs 52W High -20.37%
52W Low 14.60
vs 52W Low 8.15%
Beta 1.01
Impl. Vol. 3.13%
Rel Volume 0.64
Avg Volume 2.74M
Volume 1.75M
Target (mean) $18.96
Tgt Median $18.50
Tgt Low $16.50
Tgt High $22.00
# Analysts 14
Recom Buy
Prev Close $15.85
Price $15.79
Change -0.38%
About

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 Carolina, Ohio, Oklahoma, South Carolina, Tennessee, and Texas. In addition, as of December 31, 2025, we owned one investment in real estate under development in Denver, Colorado that will, upon completion, contain 296 units. As of December 31, 2025, we also owned interests in four unconsolidated joint ventures, two of which own and operate multifamily apartment properties that contain an aggregate of 653 units and two that are developing multifamily apartment properties that will, upon completion, contain an aggregate of 642 units. Independence Realty Trust, Inc. was incorporated in 2009 in Maryland, USA.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$18.96
Mean price target
2. Current target
$15.79
Latest analyst target
3. DCF / Fair value
$14.17
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$15.79
Low
$16.50
High
$22.00
Mean
$18.96

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-23 main Wells Fargo Overweight → Overweight $18
2026-03-06 main Barclays Equal-Weight → Equal-Weight $18
2026-03-05 main Wells Fargo Overweight → Overweight $19
2026-02-18 main Citigroup Neutral → Neutral $18
2026-01-09 up BMO Capital Market Perform → Outperform $22
2026-01-08 main UBS Buy → Buy $20
2025-12-04 main Keybanc Overweight → Overweight $21
2025-12-04 down Colliers Securities Buy → Neutral $19
2025-11-25 main Barclays Equal-Weight → Equal-Weight $21
2025-11-10 main UBS Buy → Buy $19
2025-08-27 main Wells Fargo Overweight → Overweight $20
2025-08-12 main Barclays Equal-Weight → Equal-Weight $20
2025-08-01 up Compass Point Neutral → Buy $24
2025-07-15 main UBS Buy → Buy $21
2025-05-13 down Compass Point Buy → Neutral $22
2025-05-09 main Barclays Equal-Weight → Equal-Weight $22
2025-05-05 reit JMP Securities Market Outperform → Market Outperform $25
2025-04-11 main Barclays Equal-Weight → Equal-Weight $21
2025-04-07 init UBS — → Buy $24
2025-03-19 init Wells Fargo — → Overweight $24
News
RSS: Latest IRT news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-01 GEBERT RICHARD D. Director — 500 $14.85 $7,425
2026-03-02 GEBERT RICHARD D. Director — 500 $16.47 $8,235
2026-02-03 SCHAEFFER SCOTT F Chief Executive Officer — 191,586 $0.00 $0
2026-02-03 SEBRA JAMES J President — 70,142 $0.00 $0
2026-02-03 DELOZIER JASON R Officer — 15,590 $0.00 $0
2026-02-02 GEBERT RICHARD D. Director — 500 $16.73 $8,365
2026-01-02 GEBERT RICHARD D. Director — 500 $17.38 $8,690
2025-12-01 GEBERT RICHARD D. Director — 500 $17.00 $8,500
2025-11-03 GEBERT RICHARD D. Director — 500 $15.74 $7,870
2025-10-01 GEBERT RICHARD D. Director — 500 $16.42 $8,210
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
657.70
+2.76%
640.03
-3.17%
660.98
+5.16%
628.52
Operating Revenue
656.48
+2.75%
638.91
-3.17%
659.84
+5.17%
627.41
Cost Of Revenue
269.26
+1.41%
265.51
-2.17%
271.41
+5.89%
256.31
Reconciled Cost Of Revenue
269.26
+1.41%
265.51
-2.17%
271.41
+5.89%
256.31
Gross Profit
388.43
+3.71%
374.52
-3.86%
389.57
+4.66%
372.22
Operating Expense
267.21
+9.02%
245.10
+1.39%
241.73
-13.39%
279.11
Selling General And Administration
23.97
-1.15%
24.25
+6.50%
22.77
-13.31%
26.26
General And Administrative Expense
23.97
-1.15%
24.25
+6.50%
22.77
-13.31%
26.26
Other Gand A
23.97
-1.15%
24.25
+6.50%
22.77
-13.31%
26.26
Total Expenses
536.47
+5.06%
510.61
-0.49%
513.14
-4.16%
535.42
Operating Income
121.22
-6.34%
129.43
-12.45%
147.84
+58.78%
93.11
EBITDA
379.95
+12.73%
337.03
+15.78%
291.08
-36.78%
460.46
Normalized EBITDA
375.18
+7.00%
350.62
-3.11%
361.89
+4.79%
345.35
Reconciled Depreciation
243.24
+10.14%
220.85
+0.86%
218.97
-13.40%
252.85
EBIT
136.71
+17.67%
116.17
+61.10%
72.11
-65.27%
207.61
Total Unusual Items
4.77
+135.05%
-13.60
+80.80%
-70.81
-161.51%
115.12
Total Unusual Items Excluding Goodwill
4.77
+135.05%
-13.60
+80.80%
-70.81
-161.51%
115.12
Special Income Charges
-1.38
+63.03%
-3.73
+12.37%
-4.26
-226.81%
3.36
Other Special Charges
1.38
-63.03%
3.73
+256.05%
1.05
+111.83%
-8.87
Restructuring And Mergern Acquisition
0.00
0.00
-100.00%
3.21
-41.63%
5.50
Net Income
56.56
+43.95%
39.29
+328.08%
-17.23
-114.69%
117.25
Pretax Income
57.71
+44.15%
40.03
+324.82%
-17.81
-114.76%
120.66
Net Non Operating Interest Income Expense
-79.00
-3.75%
-76.14
+15.32%
-89.92
-3.41%
-86.95
Interest Expense Non Operating
79.00
+3.75%
76.14
-15.32%
89.92
+3.41%
86.95
Net Interest Income
-79.00
-3.75%
-76.14
+15.32%
-89.92
-3.41%
-86.95
Interest Expense
79.00
+3.75%
76.14
-15.32%
89.92
+3.41%
86.95
Other Income Expense
15.48
+216.82%
-13.25
+82.50%
-75.72
-166.13%
114.51
Other Non Operating Income Expenses
-0.35
-35100.00%
-0.00
+99.77%
-0.43
-127.41%
1.56
Gain On Sale Of Security
6.15
+162.33%
-9.86
+85.18%
-66.55
-159.55%
111.76
Tax Rate For Calcs
0.00
+0.00%
0.00
0.00
-100.00%
0.00
Tax Effect Of Unusual Items
1.00
+135.05%
-2.86
0.00
-100.00%
24.17
Net Income Including Noncontrolling Interests
57.71
+44.15%
40.03
+324.82%
-17.81
-114.76%
120.66
Net Income From Continuing Operation Net Minority Interest
56.56
+43.95%
39.29
+328.08%
-17.23
-114.69%
117.25
Net Income From Continuing And Discontinued Operation
56.56
+43.95%
39.29
+328.08%
-17.23
-114.69%
117.25
Net Income Continuous Operations
57.71
+44.15%
40.03
+324.82%
-17.81
-114.76%
120.66
Minority Interests
-1.15
-54.85%
-0.74
-227.93%
0.58
+117.01%
-3.41
Normalized Income
52.79
+5.52%
50.03
-6.62%
53.58
+103.68%
26.31
Net Income Common Stockholders
56.56
+43.95%
39.29
+328.08%
-17.23
-114.69%
117.25
Diluted EPS
0.24
+41.18%
0.17
+312.50%
-0.08
-115.09%
0.53
Basic EPS
0.24
+41.18%
0.17
+312.50%
-0.08
-115.09%
0.53
Basic Average Shares
233.92
+4.06%
224.80
+0.17%
224.41
+1.10%
221.97
Diluted Average Shares
234.75
+4.06%
225.58
+0.52%
224.41
+0.63%
223.01
Diluted NI Availto Com Stockholders
56.56
+43.95%
39.29
+328.08%
-17.23
-114.69%
117.25
Depreciation Amortization Depletion Income Statement
243.24
+10.14%
220.85
+0.86%
218.97
-13.40%
252.85
Depreciation And Amortization In Income Statement
243.24
+10.14%
220.85
+0.86%
218.97
-13.40%
252.85
Earnings From Equity Interest
11.07
+3089.05%
0.35
+107.73%
-4.49
-106.92%
-2.17
Line Item Trend 2023-12-31
Total Assets
6,280.18
Current Assets
347.07
Cash Cash Equivalents And Short Term Investments
22.85
Cash And Cash Equivalents
22.85
Restricted Cash
27.88
Assets Held For Sale Current
296.33
Total Non Current Assets
5,933.11
Goodwill And Other Intangible Assets
0.07
Investments And Advances
89.04
Long Term Equity Investment
89.04
Other Non Current Assets
39.24
Total Liabilities Net Minority Interest
2,712.98
Current Liabilities
993.31
Payables And Accrued Expenses
153.85
Payables
145.93
Accounts Payable
109.07
Dividends Payable
36.86
Current Accrued Expenses
7.92
Current Debt And Capital Lease Obligation
839.46
Current Debt
839.46
Other Current Borrowings
—
Total Non Current Liabilities Net Minority Interest
1,719.67
Long Term Debt And Capital Lease Obligation
1,709.95
Long Term Debt
1,709.95
Other Non Current Liabilities
9.72
Stockholders Equity
3,431.30
Common Stock Equity
3,431.30
Capital Stock
2.25
Common Stock
2.25
Preferred Stock
0.00
Share Issued
224.71
Ordinary Shares Number
224.71
Treasury Shares Number
0.00
Additional Paid In Capital
3,751.94
Retained Earnings
-348.40
Gains Losses Not Affecting Retained Earnings
25.51
Minority Interest
135.90
Other Equity Adjustments
25.51
Total Equity Gross Minority Interest
3,567.19
Total Capitalization
5,141.24
Working Capital
-646.24
Invested Capital
5,980.71
Total Debt
2,549.41
Net Debt
2,526.56
Net Tangible Assets
3,431.23
Tangible Book Value
3,431.23
Derivative Product Liabilities
—
Financial Assets
29.94
Interest Payable
7.92
Investment Properties
5,774.82
Investmentsin Subsidiariesat Cost
89.04
Line Of Credit
839.46
Preferred Shares Number
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
282.15
+8.62%
259.75
-0.92%
262.17
+5.06%
249.54
Cash Flow From Continuing Operating Activities
282.15
+8.62%
259.75
-0.92%
262.17
+5.06%
249.54
Net Income From Continuing Operations
57.71
+44.15%
40.03
+324.82%
-17.81
-114.76%
120.66
Depreciation Amortization Depletion
243.24
+10.14%
220.85
+0.86%
218.97
-13.40%
252.85
Depreciation And Amortization
243.24
+10.14%
220.85
+0.86%
218.97
-13.40%
252.85
Other Non Cash Items
-3.68
-16.37%
-3.16
+40.89%
-5.34
+68.93%
-17.20
Stock Based Compensation
7.88
+11.37%
7.08
-7.59%
7.66
-2.98%
7.89
Asset Impairment Charge
-6.15
-162.33%
9.86
-85.18%
66.55
+159.55%
-111.76
Operating Gains Losses
-11.00
-1910.79%
-0.55
-111.86%
4.61
+112.63%
2.17
Change In Working Capital
-6.84
+55.99%
-15.55
-12.96%
-13.77
-116.58%
-6.36
Change In Payables And Accrued Expense
2.21
+134.65%
-6.38
-92.86%
-3.31
-68.98%
-1.96
Change In Accrued Expense
-0.25
-135.48%
0.71
+1002.53%
-0.08
-114.68%
0.54
Change In Payable
2.46
+134.73%
-7.09
-119.67%
-3.23
-29.38%
-2.50
Change In Account Payable
2.46
+134.73%
-7.09
-119.67%
-3.23
-29.38%
-2.50
Change In Other Current Assets
-8.02
-1.29%
-7.92
+1.77%
-8.06
-24330.30%
-0.03
Change In Other Current Liabilities
-1.03
+17.61%
-1.25
+47.69%
-2.40
+45.07%
-4.37
Investing Cash Flow
-142.91
-593.57%
-20.61
-1103.56%
-1.71
+98.74%
-135.77
Cash Flow From Continuing Investing Activities
-142.91
-593.57%
-20.61
-1103.56%
-1.71
+98.74%
-135.77
Capital Expenditure
-153.86
+12.11%
-175.06
+17.75%
-212.85
-46.05%
-145.74
Capital Expenditure Reported
-153.86
+12.11%
-175.06
+17.75%
-212.85
-46.05%
-145.74
Net Business Purchase And Sale
4.78
+284.91%
-2.58
+89.17%
-23.86
+58.43%
-57.39
Purchase Of Business
-35.74
-206.82%
-11.65
+55.21%
-26.00
+57.23%
-60.80
Net Other Investing Changes
0.98
-79.23%
4.72
+12.12%
4.21
-72.98%
15.58
Financing Cash Flow
-135.07
+45.19%
-246.43
+2.88%
-253.74
-87.37%
-135.43
Cash Flow From Continuing Financing Activities
-135.07
+45.19%
-246.43
+2.88%
-253.74
-87.37%
-135.43
Net Issuance Payments Of Debt
-99.39
+51.47%
-204.79
-86.28%
-109.94
-70.74%
-64.39
Issuance Of Debt
479.51
-20.08%
600.00
+122.22%
270.00
-61.84%
707.50
Repayment Of Debt
-578.90
+28.07%
-804.79
-111.82%
-379.94
+50.78%
-771.89
Long Term Debt Issuance
479.51
-20.08%
600.00
+122.22%
270.00
-61.84%
707.50
Long Term Debt Payments
-578.90
+28.07%
-804.79
-111.82%
-379.94
+50.78%
-771.89
Net Long Term Debt Issuance
-99.39
+51.47%
-204.79
-86.28%
-109.94
-70.74%
-64.39
Short Term Debt Issuance
—
—
270.00
-61.84%
707.50
Short Term Debt Payments
—
—
-250.34
+65.16%
-718.52
Net Short Term Debt Issuance
—
—
19.66
+278.31%
-11.03
Net Common Stock Issuance
128.95
+18.63%
108.70
+2206.63%
-5.16
-112.09%
42.68
Common Stock Payments
-33.49
-1187.13%
-2.60
+49.57%
-5.16
+13.55%
-5.97
Common Stock Dividend Paid
-154.39
-7.20%
-144.02
-6.78%
-134.87
-27.44%
-105.83
Cash Dividends Paid
-154.39
-7.20%
-144.02
-6.78%
-134.87
-27.44%
-105.83
Repurchase Of Capital Stock
-33.49
-1187.13%
-2.60
+49.57%
-5.16
+13.55%
-5.97
Net Other Financing Charges
-10.24
-62.11%
-6.32
-67.41%
-3.77
+52.16%
-7.89
Changes In Cash
4.17
+157.28%
-7.28
-208.41%
6.71
+131.01%
-21.65
Beginning Cash Position
43.45
-14.35%
50.73
+15.26%
44.02
-32.97%
65.67
End Cash Position
47.62
+9.60%
43.45
-14.35%
50.73
+15.26%
44.02
Free Cash Flow
128.28
+51.48%
84.69
+71.72%
49.32
-52.49%
103.80
Interest Paid Supplemental Data
82.63
+2.50%
80.61
-16.05%
96.02
-0.37%
96.38
Amortization Of Securities
0.99
-16.79%
1.19
-9.13%
1.30
+1.80%
1.28
Change In Interest Payable
-0.25
-135.48%
0.71
+1002.53%
-0.08
-114.68%
0.54
Common Stock Issuance
162.44
+45.94%
111.30
—
48.65
Dividends Received CFI
—
—
0.00
-100.00%
3.41
Earnings Losses From Equity Investments
-11.07
-3089.05%
-0.35
-107.73%
4.49
+106.92%
2.17
Issuance Of Capital Stock
162.44
+45.94%
111.30
—
48.65
Net Investment Properties Purchase And Sale
5.20
-96.59%
152.32
-34.00%
230.79
+345.68%
51.78
Purchase Of Investment Properties
-152.75
+35.97%
-238.56
0.00
+100.00%
-201.78
Sale Of Business
40.52
+347.00%
9.06
+322.56%
2.15
-37.02%
3.41
Sale Of Investment Properties
157.94
-59.59%
390.88
+69.37%
230.79
-8.98%
253.56
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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