Independence Realty Trust, Inc. IRT R2K
Real Estate · REIT - Residential · United States
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 and is based in Philadelphia, United States.
READ MORE ›$16.23
-9.04% 1Y
Market & Price
Market Cap
$3.92B
Current Price
$16.23
High / Low (52W)
$17.84 / $14.76
Beta
0.99
Valuation
Stock P/E
81.15
Industry PE
26.58
Forward P/E
95.47
PEG Ratio
-
Book Value
$14.42
Price to Book
1.13
P/S
5.83
EV/EBITDA
16.76
Dividend Yield
4.25%
Profitability & Returns
ROCE
2.68%
ROE
1.38%
ROA
1.31%
Profit Margin
7.16%
Op Margin
12.64%
EPS (Latest Qtr)
$0.00
EPS (TTM)
$0.20
Balance Sheet & Liquidity
Debt/Equity
0.69
Quick Ratio
0.13
Current Ratio
0.49
Debt
$2.44B
Total Assets
$6.02B
Current Assets
$124.09M
Working Capital
$-805.44M
Ownership
Promoter Holding
0.68%
Chg in Prom Hold
-
FII / Inst Holding
102.72%
Chg in FII Hold
0.00%
Financial Snapshot
Enterprise Value
$6.35B
Total Revenue (TTM)
$672.38M
EBITDA
$378.80M
Free Cash Flow
$79.05M
Operating Cash Flow
$277.10M
Shares Outstanding
235.71M
Gross Margin
60.81%
Payout Ratio
340.00%
Growth (CAGR)
Revenue 5Y
1.52%
Profit 5Y
-21.57%
Revenue (YoY)
2.30%
Earnings (YoY)
-
PROS
- Attractive dividend yield of 4.25%.
- Generates positive free cash flow.
CONS
- Trading at a high P/E of 81.1.
- Earnings shrank at -21.6% CAGR over 5 years.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Real Estate).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | IRT Independence Realty Trust, Inc. R2K | 16.23 | 81.15 | $3.92B | 4.25% | 2.68% | 1.38% | 1.52% | -21.57% |
| 2 | WELL Welltower Inc. SPX | 205.33 | 99.19 | $144.95B | 1.44% | 0.26% | 3.67% | 22.69% | 87.90% |
| 3 | PLD Prologis, Inc. SPX | 143.47 | 36.14 | $133.76B | 2.98% | 4.94% | 6.84% | 13.74% | -0.36% |
| 4 | EQIX Equinix, Inc. SPX | 1,068.04 | 74.07 | $105.33B | 1.84% | 5.61% | 10.06% | 8.27% | 24.18% |
| 5 | AMT American Tower Corporation SPX | 186.96 | 30.11 | $87.10B | 3.73% | 7.82% | 29.95% | 3.34% | 12.73% |
| 6 | SPG Simon Property Group, Inc. SPX | 204.91 | 14.25 | $77.86B | 4.29% | 17.44% | 113.59% | 6.35% | 29.32% |
| 7 | DLR Digital Realty Trust, Inc. SPX | 190.00 | 50.53 | $67.96B | 2.57% | 3.99% | 5.69% | 9.22% | 51.32% |
| 8 | O Realty Income Corporation SPX | 61.28 | 50.23 | $57.14B | 5.30% | 3.27% | 2.83% | 19.80% | 6.78% |
| 9 | PSA Public Storage SPX | 303.69 | 31.34 | $53.31B | 3.95% | 10.69% | 20.18% | 4.88% | -25.69% |
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Quarterly Results
Figures in USD.
| Metric | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 38.33M | 38.36M | 38.03M | 39.14M | 39.56M | 40.07M | 42.45M | 45.76M | 46.89M | 48.78M | 49.81M | 49.54M | 50.96M | 51.30M | 51.43M | 51.35M | 52.27M | 54.20M | 54.09M | 55.11M | 57.44M | 60.78M | 76.92M | 150.36M | 154.76M | 160.60M | 162.80M | 161.37M | 163.96M | 168.61M | 167.05M | 160.53M | 158.40M | - | - | 161.24M | 162.19M | 167.14M | 167.13M | 165.32M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 67.09M | 68.65M | 69.59M | 63.93M | 70.36M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 94.15M | 93.54M | 97.55M | 103.19M | 94.96M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 67.13M | 65.78M | 66.64M | 67.66M | 73.15M |
| Operating Income | 11.04M | 10.59M | - | 11.78M | 11.22M | 10.98M | - | 11.70M | 12.14M | 13.96M | - | 12.29M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 27.02M | 27.76M | 30.91M | 35.53M | 21.82M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 86.60M | 86.74M | 89.19M | 117.42M | 85.24M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 19.35M | 18.77M | 20.45M | 20.42M | 20.73M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.53M | 8.17M | 7.00M | 34.01M | -127.00K |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | 28.99M | 2.27M | -40.98M | 4.08M | 18.74M | 1.10M | 6.29M | 3.41M | 3.51M | 4.79M | 14.58M | 2.54M | 14.71M | 4.86M | 23.78M | -372.00K | 789.00K | 1.09M | 13.26M | 1.09M | 3.39M | 11.50M | 28.61M | 74.60M | -7.21M | 16.22M | 33.63M | 8.65M | 10.71M | 3.93M | -40.52M | 17.58M | 10.35M | - | - | 8.35M | 8.05M | 6.89M | 33.27M | -68.00K |
| Diluted EPS | 0.61 | 0.05 | -0.61 | 0.06 | 0.27 | 0.02 | 0.08 | 0.04 | 0.04 | 0.05 | 0.16 | 0.03 | 0.16 | 0.05 | 0.26 | 0.00 | 0.01 | 0.01 | 0.14 | 0.01 | 0.03 | 0.11 | 0.23 | 0.34 | -0.03 | 0.07 | 0.15 | 0.04 | 0.05 | 0.02 | -0.18 | 0.08 | 0.05 | - | - | 0.04 | 0.03 | 0.03 | 0.14 | 0.00 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.00K | 8.67M | 16.63M | 19.94M | 49.17M | 109.58M | 153.39M | 161.22M | 191.23M | 203.22M | 211.91M | - | 628.52M | 660.98M | 640.03M | 657.70M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | 256.31M | 271.41M | 265.51M | 269.26M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | 372.22M | 389.57M | 374.52M | 388.43M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | 279.11M | 241.73M | 245.10M | 267.21M |
| Operating Income | 5.00K | 1.36M | 3.73M | 4.93M | 8.54M | 10.18M | 39.66M | 45.42M | 51.82M | - | - | - | 93.11M | 147.84M | 129.43M | 121.22M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | 460.46M | 291.08M | 337.03M | 379.95M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | 86.95M | 89.92M | 76.14M | 79.00M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | 120.66M | -17.81M | 40.03M | 57.71M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | 4.00K | -112.00K | -123.00K | 615.00K | 2.94M | - | - | 30.21M | 26.29M | 45.90M | 14.77M | - | 117.25M | -17.23M | 39.29M | 56.56M |
| Diluted EPS | 0.20 | -5.60 | -0.45 | 0.12 | 0.14 | 0.78 | -0.19 | 0.41 | 0.30 | 0.51 | 0.16 | - | 0.53 | -0.08 | 0.17 | 0.24 |
Compounded Sales Growth
| 5 Years: | 1.52% |
| 1 Year: | 2.30% |
Compounded Profit Growth
| 5 Years: | -21.57% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -9.04% |
| 6 Months: | -2.90% |
| 3 Months: | -0.93% |
| 1 Month: | -0.37% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Mar 2009 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 209.00K | 131.35M | 146.20M | 181.87M | 694.15M | 1.38B | 1.29B | 1.45B | 1.66B | 1.66B | 1.73B | - | 6.53B | 6.28B | 6.06B | 6.02B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 79.79M | 347.07M | 153.56M | 124.09M |
| Cash & Equivalents | 0 | 206.00K | 209.00K | 1.11M | 2.53M | 3.33M | 14.76M | 38.30M | 20.89M | 9.32M | 9.32M | 9.89M | 8.75M | - | 16.08M | 22.85M | 21.23M | 23.56M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | 2.00K | 84.29M | 95.35M | 106.96M | 431.12M | 993.16M | 765.55M | 804.50M | 1.03B | 1.04B | 1.02B | - | 2.79B | 2.71B | 2.48B | 2.43B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 974.40M | 993.31M | 935.85M | 929.53M |
| Long Term Debt | - | - | - | - | 92.41M | 103.30M | 417.37M | 966.61M | 743.82M | 778.44M | 985.49M | 985.57M | 945.69M | - | 1.81B | 1.71B | 1.54B | 1.49B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.63B | 2.55B | 2.33B | 2.28B |
| Total Equity | - | - | 205.00K | 87.00K | 3.09M | 74.91M | 251.27M | 364.15M | 506.82M | 624.10M | 623.00M | 613.28M | 708.06M | - | 3.60B | 3.43B | 3.44B | 3.46B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 224.06M | 224.71M | 230.84M | 237.23M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 3.00K | 2.20M | 4.48M | 6.02M | -7.53M | 54.32M | 68.53M | 75.00M | 74.96M | - | 249.54M | 262.17M | 259.75M | 282.15M |
| Investing Cash Flow | 0 | -18.79M | -16.93M | -38.24M | 27.88M | -191.71M | -229.46M | -106.40M | -124.54M | - | -135.77M | -1.71M | -20.61M | -142.91M |
| Financing Cash Flow | 0 | 17.49M | 13.87M | 33.02M | -37.66M | 125.59M | 162.35M | 29.78M | 48.76M | - | -135.43M | -253.74M | -246.43M | -135.07M |
| Capital Expenditure | - | - | - | - | - | - | -599.00K | -249.00K | -84.00K | - | -145.74M | -212.85M | -175.06M | -153.86M |
| Free Cash Flow | - | - | - | - | - | - | 67.93M | 74.75M | 74.88M | - | 103.80M | 49.32M | 84.69M | 128.28M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | -21.65M | 6.71M | -7.28M | 4.17M |
| Share Buybacks | - | - | - | - | 62.16M | - | - | - | - | - | - | 0 | 0 | 30.00M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | 59.2% | 58.9% | 58.5% | 59.1% |
| Operating Margin % | 100.0% | 15.7% | 22.4% | 24.7% | 17.4% | 9.3% | 25.9% | 28.2% | 27.1% | - | - | - | 14.8% | 22.4% | 20.2% | 18.4% |
| Net Margin % | 80.0% | -1.3% | -0.7% | 3.1% | 6.0% | - | - | 18.7% | 13.7% | 22.6% | 7.0% | - | 18.7% | -2.6% | 6.1% | 8.6% |
| ROE % | 2.0% | -128.7% | -4.0% | 0.8% | 1.2% | - | - | 4.8% | 4.2% | 7.5% | 2.1% | - | 3.3% | -0.5% | 1.1% | 1.6% |
| ROCE % | - | - | - | - | - | - | - | - | - | - | - | - | 1.7% | 2.8% | 2.5% | 2.4% |
Shareholding Pattern
Insiders
0.68%
Institutions
102.72%
Public Float
103.43%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 15.14% | 35.69M | $579.28M |
| 2 | Vanguard Portfolio Management LLC | 9.08% | 21.40M | $347.40M |
| 3 | State Street Corporation | 5.55% | 13.07M | $212.17M |
| 4 | Vanguard Capital Management LLC | 4.51% | 10.62M | $172.36M |
| 5 | T. Rowe Price Investment Management, Inc. | 4.24% | 9.99M | $162.19M |
| 6 | Alliancebernstein L.P. | 3.50% | 8.25M | $133.83M |
| 7 | Prudential Financial, Inc. | 3.34% | 7.86M | $127.65M |
| 8 | Nomura Asset Management International Inc | 2.90% | 6.83M | $110.80M |
| 9 | Geode Capital Management, LLC | 2.83% | 6.67M | $108.28M |
| 10 | Morgan Stanley | 2.45% | 5.78M | $93.81M |
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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