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Independence Realty Trust, Inc. logo

Independence Realty Trust, Inc.

IRT

NYSEReal EstateREIT - Residential

Open in GoAI

Previous close

$16.59

−$0.04 · -0.24%

Aug 21, 4:00 PM ET

IRT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

90

Deep Value

Momentum

42

Neutral

Sentiment

63

Bullish

Risk resilience

77

Moderate Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Independence Realty Trust (IRT), publicly traded as NYSE: IRT, operates as a real estate investment trust specializing in owning and managing multifamily apartment communities. Their portfolio is concentrated in non-gateway U.S. markets such as Atlanta, Louisville, Memphis, and Raleigh. The company's strategy involves establishing a strong presence in select, amenity-rich submarkets, which are identified by features like excellent school systems, quality retail establishments, and significant employment hubs. Ultimately, IRT seeks to deliver appealing risk-adjusted returns to its shareholders. This is accomplished through meticulous portfolio oversight, robust operational execution, and a reliable return on capital, generated via both dividend distributions and asset value appreciation.

Industry
REIT - Residential
Sector
Real Estate
Headquarters
US
CEO
Scott F. Schaeffer
Listed since
Aug 13, 2013
Employees
904

Market position

Day range

Current $16.59

52-week range

Current $16.59

Open
$16.59
Previous close
$16.63
Volume
888.75K
0.32× average
Average volume
2.76M
Average daily volume
Market cap
3.91B USD
Beta
0.95
Market reference 1
50-day average
$16.701
-0.66% below average
200-day average
$16.5017
+0.54% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6.32B USD
P/E (TTM)
90.36×
P/B (TTM)
1.16×
P/S (TTM)
5.86×
EV / EBITDA
16.64×
Earnings yield
1.38%
Free cash flow yield
3.58%
Dividend yield
4.16%

Profitability & efficiency

Gross margin
1.00%
Operating margin
17.04%
Net margin
6.52%
Return on equity
1.63%
Return on assets
0.94%
Return on invested capital
2.06%

Financial health

Debt / equity
0.73×
Current ratio
0.05×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends67%37%7%-22%Gross margin, FY2021: 58.93%Gross margin, FY2022: 59.22%Gross margin, FY2023: 58.94%Gross margin, FY2024: 58.52%Gross margin, FY2025: -14.91%Operating margin, FY2021: 20.76%Operating margin, FY2022: 14.81%Operating margin, FY2023: 22.37%Operating margin, FY2024: 20.22%Operating margin, FY2025: 18.43%Net margin, FY2021: 17.82%Net margin, FY2022: 18.65%Net margin, FY2023: -2.61%Net margin, FY2024: 6.14%Net margin, FY2025: 8.60%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 58.93%. Gross margin FY2022 59.22%. Gross margin FY2023 58.94%. Gross margin FY2024 58.52%. Gross margin FY2025 -14.91%. Operating margin FY2021 20.76%. Operating margin FY2022 14.81%. Operating margin FY2023 22.37%. Operating margin FY2024 20.22%. Operating margin FY2025 18.43%. Net margin FY2021 17.82%. Net margin FY2022 18.65%. Net margin FY2023 -2.61%. Net margin FY2024 6.14%. Net margin FY2025 8.60%.

Income trends

Revenue

657.7M USD+2.76%

Operating income

121.23M USD-6.34%

Net income

56.56M USD+43.95%
Income trends across reported periods728.8M USD457.52M USD186.24M USD−85.05M USDRevenue, FY2021: 250.25M USDRevenue, FY2022: 628.53M USDRevenue, FY2023: 660.98M USDRevenue, FY2024: 640.04M USDRevenue, FY2025: 657.7M USDOperating income, FY2021: 51.94M USDOperating income, FY2022: 93.11M USDOperating income, FY2023: 147.84M USDOperating income, FY2024: 129.43M USDOperating income, FY2025: 121.23M USDNet income, FY2021: 44.59M USDNet income, FY2022: 117.25M USDNet income, FY2023: −17.23M USDNet income, FY2024: 39.29M USDNet income, FY2025: 56.56M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 250.25M USD. Revenue FY2022 628.53M USD. Revenue FY2023 660.98M USD. Revenue FY2024 640.04M USD. Revenue FY2025 657.7M USD. Operating income FY2021 51.94M USD. Operating income FY2022 93.11M USD. Operating income FY2023 147.84M USD. Operating income FY2024 129.43M USD. Operating income FY2025 121.23M USD. Net income FY2021 44.59M USD. Net income FY2022 117.25M USD. Net income FY2023 −17.23M USD. Net income FY2024 39.29M USD. Net income FY2025 56.56M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue657.7M USD640.04M USD660.98M USD628.53M USD250.25M USD
Cost of goods sold755.75M USD265.51M USD271.41M USD256.31M USD102.79M USD
Gross profit−98.05M USD374.52M USD389.57M USD372.22M USD147.46M USD
Selling, general, and administrative—24.25M USD22.77M USD26.26M USD18.61M USD
Operating expenses−219.28M USD245.1M USD241.73M USD279.11M USD95.52M USD
Interest expense79M USD76.14M USD89.92M USD86.96M USD36.4M USD
Depreciation and amortization243.24M USD220.85M USD218.97M USD252.85M USD76.91M USD
Operating income121.23M USD129.43M USD147.84M USD93.11M USD51.94M USD
Net income56.56M USD39.29M USD−17.23M USD117.25M USD44.59M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 5 misses, 2 met estimates
Average EPS surprise
+69.42%
11 comparable reports
Latest EPS result
0.01
Estimate 0.03 · Miss by 60.35%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.360.240.130.01Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 0.32, estimate 0.08, surprise +300.00%, Beat. Q2 2025, reported Apr 30, 2025: actual 0.04, estimate 0.038, surprise +3.95%, Beat. Q3 2025, reported Jul 30, 2025: actual 0.035, estimate 0.06, surprise -42.50%, Miss. Q4 2025, reported Oct 29, 2025: actual 0.03, estimate 0.3, surprise -90.00%, Miss. Q1 2026, reported Feb 11, 2026: actual 0.14, estimate 0.086, surprise +62.60%, Beat. Q2 2026, reported Apr 29, 2026: actual 0.26, estimate 0.03, surprise +766.67%, Beat. Q3 2026, reported Aug 3, 2026: actual 0.01, estimate 0.025, surprise -60.35%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.044, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates177.85M169.83M161.8M153.78MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 160.62M USD, estimate 163.28M USD, surprise -1.63%, Miss. Q2 2025, reported Apr 30, 2025: actual 160.91M USD, estimate 163.49M USD, surprise -1.58%, Miss. Q3 2025, reported Jul 30, 2025: actual 161.89M USD, estimate 164.68M USD, surprise -1.69%, Miss. Q4 2025, reported Oct 29, 2025: actual 166.89M USD, estimate 168.36M USD, surprise -0.87%, Miss. Q1 2026, reported Feb 11, 2026: actual 166.8M USD, estimate 169.89M USD, surprise -1.82%, Miss. Q2 2026, reported Apr 29, 2026: actual 165.21M USD, estimate 166.35M USD, surprise -0.68%, Miss. Q3 2026, reported Aug 3, 2026: actual 167.13M USD, estimate 166.92M USD, surprise +0.12%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 171.01M USD, surprise —, Comparison unavailable.

IRT news

seekingalpha.com

Independence Realty Trust: From Patience To Payoff (Rating Upgrade)

Independence Realty Trust is upgraded to 'Buy' following Q2 2026 results, reflecting improved fundamentals and execution. Q2 2026 saw CFFO of $0.28/share, dividend raised 5.9%, and NOI growth guidance increased, driven…

Read source
defenseworld.net

Bank of America Corp DE Sells 611,463 Shares of Independence Realty Trust, Inc. $IRT

Bank of America Corp DE lessened its stake in Independence Realty Trust, Inc. (NYSE: IRT) by 23.5% in the undefined quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned…

Read source
defenseworld.net

Independence Realty Trust Q2 Earnings Call Highlights

Independence Realty Trust (NYSE: IRT) said improving apartment market conditions, reduced concessions and a new community Wi-Fi program supported stronger operating results in the second quarter of 2026, prompting the…

Read source
marketbeat.com

Independence Realty Trust Q2 Earnings Call Highlights

Independence Realty Trust NYSE: IRT said improving apartment market conditions, reduced concessions and a new community Wi-Fi program supported stronger operating results in the second quarter of 2026, prompting the…

Read source
seekingalpha.com

Independence Realty Trust, Inc. (IRT) Q2 2026 Earnings Call Transcript

Independence Realty Trust, Inc. (IRT) Q2 2026 Earnings Call Transcript

Read source
zacks.com

Independence Realty Trust (IRT) Q2 FFO Beat Estimates

Independence Realty Trust (IRT) came out with quarterly funds from operations (FFO) of $0.28 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to FFO of $0.28 per share a year ago.

Read source

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ETFs holding IRT

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
149.09M
Weight
0.20%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
135.58M
Weight
0.11%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.77+0.52%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
125.21M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
101.66M
Weight
0.13%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
90.1M
Weight
0.05%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
57.23M
Weight
0.08%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
45.06M
Weight
0.05%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
37.25M
Weight
0.26%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%

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