IRT Stock - Independence Realty Trust, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $640.03M | $660.98M | $628.52M | $250.25M | $211.91M |
| Gross Profit | $374.52M | $389.57M | $372.22M | $147.46M | $120.43M |
| Gross Margin | 58.5% | 58.9% | 59.2% | 58.9% | 56.8% |
| Operating Income | $129.43M | $147.84M | $93.11M | $51.94M | N/A |
| Net Income | $39.29M | $-17,227,000 | $117.25M | $44.59M | $14.77M |
| Net Margin | 6.1% | -2.6% | 18.7% | 17.8% | 7.0% |
| EPS | $0.17 | $-0.08 | $0.15 | $0.08 | $-0.23 |
Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 4th 2025 | Colliers Securities | Downgrade | Neutral | $18.5 |
| August 1st 2025 | Compass Point | Upgrade | Buy | $24 |
| May 13th 2025 | Compass Point | Downgrade | Neutral | $22 |
| April 7th 2025 | UBS | Initiation | Buy | $24 |
| March 19th 2025 | Wells Fargo | Initiation | Overweight | $24 |
| March 10th 2025 | Jefferies | Upgrade | Buy | $24← $20 |
| December 17th 2024 | Barclays | Initiation | Equal Weight | $23 |
| November 15th 2024 | BMO Capital Markets | Upgrade | Market Perform | $21← $19 |
| January 30th 2024 | Deutsche Bank | Initiation | Buy | $18 |
| December 15th 2023 | BMO Capital Markets | Downgrade | Underperform | $15← $14 |
| July 18th 2023 | BMO Capital Markets | Downgrade | Market Perform | $19 |
| May 8th 2023 | JMP Securities | Upgrade | Mkt Outperform | $20 |
| January 30th 2023 | JMP Securities | Initiation | Market Perform | - |
| January 4th 2023 | Deutsche Bank | Downgrade | Hold | $19← $22 |
| January 3rd 2023 | Jefferies | Downgrade | Hold | $17← $20 |
Earnings History & Surprises
IRTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Feb 11, 2026 | $0.32 | — | — | — |
Q4 2025 | Oct 29, 2025 | $0.30 | $0.29 | -3.3% | ✗ MISS |
Q3 2025 | Jul 30, 2025 | $0.28 | $0.28 | 0.0% | = MET |
Q2 2025 | Apr 30, 2025 | $0.28 | $0.27 | -3.6% | ✗ MISS |
Q1 2025 | Feb 12, 2025 | $0.08 | $0.32 | +300.0% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $0.29 | $0.29 | 0.0% | = MET |
Q3 2024 | Jul 31, 2024 | $0.28 | $0.28 | 0.0% | = MET |
Q2 2024 | Apr 24, 2024 | $0.28 | $0.27 | -3.6% | ✗ MISS |
Q1 2024 | Feb 14, 2024 | $0.30 | $0.30 | 0.0% | = MET |
Q4 2023 | Oct 30, 2023 | $0.29 | $0.30 | +3.4% | ✓ BEAT |
Q3 2023 | Jul 26, 2023 | $0.28 | $0.28 | 0.0% | = MET |
Q2 2023 | Apr 26, 2023 | $0.28 | $0.27 | -3.6% | ✗ MISS |
Q1 2023 | Feb 15, 2023 | $0.29 | $0.29 | 0.0% | = MET |
Q4 2022 | Oct 26, 2022 | $0.27 | $0.28 | +3.7% | ✓ BEAT |
Q3 2022 | Jul 27, 2022 | $0.26 | $0.26 | 0.0% | = MET |
Q2 2022 | May 3, 2022 | $0.25 | $0.25 | 0.0% | = MET |
Q1 2022 | Feb 16, 2022 | $0.09 | $0.23 | +155.6% | ✓ BEAT |
Q4 2021 | Oct 27, 2021 | $0.20 | $0.21 | +5.0% | ✓ BEAT |
Q3 2021 | Jul 26, 2021 | $0.19 | $0.20 | +5.3% | ✓ BEAT |
Latest News
Keybanc Maintains Overweight on Independence Realty Trust, Lowers Price Target to $21
➖ NeutralColliers Securities Downgrades Independence Realty Trust to Neutral, Lowers Price Target to $18.5
📉 NegativeBarclays Maintains Equal-Weight on Independence Realty Trust, Raises Price Target to $21
➖ NeutralUBS Maintains Buy on Independence Realty Trust, Lowers Price Target to $19
➖ NeutralIndependence Realty Trust Narrows FY2025 FFO Guidance from $1.20-$1.22 to $1.20-$1.21 vs $1.17 Est
➖ NeutralIndependence Realty Trust Q3 FFO $0.29 Misses $0.30 Estimate, Sales $166.888M Miss $169.293M Estimate
📉 NegativeWells Fargo Maintains Overweight on Independence Realty Trust, Lowers Price Target to $20
➖ NeutralFrequently Asked Questions about IRT
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