Independence Realty Trust, Inc. (IRT)
| Market Cap | 3.94B |
| Revenue (ttm) | 668.76M |
| Net Income (ttm) | 56.56M |
| Shares Out | 241.21M |
| EPS (ttm) | 0.24 |
| PE Ratio | 68.00 |
| Forward PE | 100.98 |
| Dividend | $0.68 (4.17%) |
| Ex-Dividend Date | Mar 27, 2026 |
| Volume | 4,689,515 |
| Open | 15.94 |
| Previous Close | 15.83 |
| Day's Range | 15.94 - 16.35 |
| 52-Week Range | 14.60 - 19.83 |
| Beta | 1.01 |
| Analysts | Buy |
| Price Target | 20.45 (+25.31%) |
| Earnings Date | Apr 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]
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 Forecast
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 25.31% from the latest price.
News
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 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...
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.
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...
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...
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...
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...
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...
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.
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...
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...
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...
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.
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 ...
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...
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...
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.
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...
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...
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...
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.
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.
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...
Independence Realty Trust Announces Tax Treatment of Dividends in 2024
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax status of 2024 dividend distributions on its common stock. The final income allocations as th...
Independence Realty Trust Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Dates
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its fourth quarter and full year 2024 financial results after market close...