YOLFTbeta
Independence Realty Trust Inc

Independence Realty Trust Inc

IRT · NYSE · Real Estate / REIT - Residential

14.96USD+0.12 (+0.81%)

Price History

Full chart

Market Stats

Previous Close14.84
Open14.93
Day Range14.85 – 14.98
52-Week Range14.44 – 17.70
Volume2.00M
Market Cap3.54B
P/E (TTM)81.28
Forward P/E69.44
EPS0.18
Dividend Yield4.92%
Beta0.94
50-Day Avg16.22
200-Day Avg16.38

About

Independence Realty Trust, Inc., an S&P 400 MidCap Company, is a real estate investment trust that owns and operates multifamily communities across non-gateway U.S. markets. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT's main investment objective is to provide attractive risk-adjusted returns to shareholders through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation. Independence Realty Trust, Inc. was established in 2009 and is incorporated in Maryland.

Company Details

  • SectorReal Estate
  • IndustryREIT - Residential
  • CEOMr. Scott F. Schaeffer
  • Employees904
  • Headquarters1835 Market Street, Philadelphia, PA, United States, 19103, USA
  • Websitehttps://www.irtliving.com

Leadership

  • Mr. Scott F. SchaefferCEO & Chairman · b. 1962
  • Ms. Janice RichardsExecutive Vice President of Operations
  • Josh KulickExecutive Vice President of Technology & Innovation
  • Ms. Stephanie M. Krewson-KellySenior Vice President of Investor Relations & Capital Markets
  • Mr. John J. ReyleGeneral Counsel · b. 1979
  • Mr. Pete RushingSenior Vice President of Sales & Marketing
  • Mr. Gregory MarksSenior Vice President of Business Development
  • Mr. Michael KernanExecutive Vice President of Redevelopment
  • Mr. Jason LynchSenior Vice President of Acquisitions & Dispositions
  • Alex JorgensenInvestor Relations Officer

Financials

Income Statement

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue5.37K8.67M16.63M19.94M49.20M109.58M153.39M161.22M191.23M203.22M211.91M250.25M628.52M660.98M640.03M657.70M
Growth (%)-+161345.33%+91.84%+19.93%+146.72%+122.70%+39.98%+5.10%+18.62%+6.27%+4.27%+18.10%+151.16%+5.16%-3.17%+2.76%
Cost of Revenue-4.48M8.07M9.43M23.43M49.95M68.00M70.72M83.33M87.29M91.47M102.79M256.31M271.41M265.51M755.75M
Gross Profit5.37K4.19M8.56M10.51M25.78M59.62M85.39M90.49M107.91M115.93M120.43M147.46M372.22M389.57M374.52M-98.05M
Gross Margin100.00%48.35%51.49%52.72%52.39%54.41%55.67%56.13%56.43%57.05%56.83%58.93%59.22%58.94%58.52%-14.91%
Operating Expense4402.83M4.83M5.58M17.23M49.44M45.73M45.07M56.08M12.74M75.91M95.52M279.11M241.73M245.10M-219.28M
Operating Income4.93K1.36M3.73M4.93M8.54M10.18M39.66M45.42M51.82M103.18M44.52M51.94M93.11M147.84M129.43M121.22M
Operating Margin91.80%15.66%22.44%24.74%17.36%9.29%25.86%28.18%27.10%50.77%21.01%20.76%14.81%22.37%20.22%18.43%
EBITDA4.93K3.13M7.20M9.59M21.06M38.28M74.49M79.63M97.04M103.18M112.05M158.84M460.46M291.08M337.03M379.95M
EBITDA Margin91.80%36.09%43.29%48.11%42.80%34.93%48.56%49.39%50.75%50.77%52.88%63.47%73.26%44.04%52.66%57.77%
Net Income3.73K-112.00K-108.00K625.00K2.94M28.24M-9.80M30.21M26.29M45.90M14.77M44.59M117.25M-17.23M39.29M56.56M
Net Income Margin69.40%-1.29%-0.65%3.13%5.98%25.77%-6.39%18.74%13.75%22.58%6.97%17.82%18.65%-2.61%6.14%8.60%
R&D-000000.130.180.120.210.040.180.190.03--
R&D as % of Total Revenue-0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense01.73M3.31M3.66M8.50M23.55M35.53M28.70M36.01M39.23M36.49M36.40M86.95M89.92M76.14M79.00M
Interest Expense % of Total Revenue0.00%19.92%19.87%18.35%17.27%21.49%23.17%17.80%18.83%19.30%17.22%14.55%13.83%13.60%11.90%12.01%

Balance Sheet

Currency: USD2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets205.67K209.43K131.35M146.20M181.87M694.15M1.39B1.29B1.45B1.66B1.66B1.73B6.51B6.53B6.28B6.06B6.02B
Total Liabilities2.47K2.50K84.29M95.35M106.96M431.12M1.00B765.55M804.50M1.03B1.04B1.02B2.86B2.79B2.71B2.48B2.43B
Total Equity201.20K204.92K87.00K3.09M74.91M263.03M390.03M528.69M646.12M630.04M619.76M712.77M3.48B3.60B3.43B3.44B3.46B
Cash205.67K209.43K1.11M2.53M3.33M14.76M38.30M20.89M9.98M9.32M9.89M8.75M35.97M16.08M22.85M21.23M47.62M
Total Debt--82.17M92.41M105.80M437.29M1.25B891.10M880.07M1.39B1.48B1.46B2.71B2.63B2.55B2.33B2.28B
Net Debt-205.67K-209.43K81.07M89.88M99.97M404.14M937.54M722.92M768.46M976.17M975.68M936.93M2.67B2.62B2.53B2.31B2.23B

Cash Flow

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow3.76K2.20M4.48M6.02M15.72M18.73M-7.53M54.32M68.53M75.00M74.96M52.26M249.54M262.17M259.75M282.15M
Investing Cash Flow--18.79M-16.93M-38.24M-307.34M-153.47M27.78M-190.82M-229.46M-106.40M-124.54M-216.12M-135.77M-1.71M-20.61M-142.91M
Financing Cash Flow-17.49M13.87M33.02M303.04M158.28M-37.66M125.59M162.35M29.78M48.76M215.92M-135.43M-253.74M-246.43M-135.07M
Capital Expenditure0868.00K1.15M1.45M4.16M8.94M10.66M14.37M40.43M45.63M37.40M42.97M83.98M146.63M175.06M135.63M
Free Cash Flow3.76K1.33M3.34M4.57M11.57M9.78M-18.20M39.95M28.10M29.38M37.56M9.28M165.56M115.54M84.69M146.52M
Dividends Paid-5.00K164.00K2.99M14.98M25.10M36.58M52.30M52.48M64.75M56.15M49.83M105.83M134.87M144.02M154.39M
FCF to OCF100.00%60.47%74.40%75.99%73.56%52.25%241.55%73.55%41.01%39.17%50.11%17.77%66.35%44.07%32.60%51.93%
Dividend Paid to FCF-0.38%4.92%65.36%129.50%256.57%-201.01%130.91%186.72%220.40%149.48%536.75%63.92%116.73%170.06%105.37%

Earnings

Report DateAug 28, 2013Nov 1, 2013Feb 26, 2014May 8, 2014Aug 1, 2014Oct 31, 2014Feb 25, 2015May 1, 2015Jul 29, 2015Oct 30, 2015Feb 18, 2016May 4, 2016Aug 3, 2016Oct 28, 2016Feb 16, 2017May 2, 2017Aug 1, 2017Oct 31, 2017Feb 20, 2018Apr 25, 2018Aug 2, 2018Nov 1, 2018Feb 21, 2019May 1, 2019Jul 31, 2019Oct 30, 2019Feb 12, 2020May 6, 2020Jul 29, 2020Oct 28, 2020Feb 10, 2021Apr 28, 2021Jul 26, 2021Oct 27, 2021Feb 16, 2022May 3, 2022Jul 27, 2022Oct 26, 2022Feb 15, 2023Apr 26, 2023Jul 26, 2023Oct 30, 2023Feb 14, 2024Apr 24, 2024Jul 31, 2024Oct 30, 2024Feb 12, 2025Apr 30, 2025Jul 30, 2025Oct 29, 2025Feb 11, 2026Apr 29, 2026Aug 3, 2026Nov 4, 2026
EPS Estimate-0.03-0.020.01-0.050.05-0.050.03-0.010.010.06-0.030.090.05-0.550.070.060.080.080.050.050.050.180.050.040.040.040.030.020.020.040.010.030.070.090.25-0.08-0.040.060.030.020.080.010.050.070.060.030.030.050.060.080.030.270.29
EPS Actual0.010.040.050.03-0.010.030.01-0.010.020.010.09-0.060.610.040.070.060.050.060.080.040.040.050.160.030.030.030.030.190.010.030.040.010.030.050.230.34-0.030.070.150.050.050.02-0.180.040.050.060.090.030.030.040.060.000.28-
Surprise-33.33%350.00%200.00%80.00%-40.00%120.00%-133.33%300.00%0.00%50.00%-100.00%577.78%-20.00%112.73%-14.29%-16.67%-25.00%0.00%-20.00%-20.00%0.00%-11.11%-40.00%-25.00%-25.00%-25.00%533.33%-50.00%50.00%0.00%0.00%0.00%-28.57%155.56%36.00%62.50%275.00%150.00%66.67%150.00%-75.00%-1900.00%-20.00%-28.57%0.00%200.00%0.00%-40.00%-33.33%-25.00%-84.00%3.70%-
Timing-Pre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap3.54B
Enterprise Value5.86B
Trailing P/E81.28
Forward P/E69.44
PEG Ratio4.57
Price / Sales5.22
Price / Book1.02
EPS0.18
Book Value14.28
Revenue (TTM)677.16M
Gross Profit (TTM)410.89M
EBITDA378.19M
Profit Margin6.42%
Operating Margin14.76%
Return on Equity1.26%
Return on Assets1.29%
Shares Outstanding235.74M
Shares Float233.58M
Beta0.94
Dividend Yield4.92%
Dividend Rate0.72
Payout Ratio1.82%

Analyst Ratings

Buy
Based on 14 analystsTarget 19.27
  • Strong Buy
    7
  • Buy
    3
  • Hold
    4

Ownership Breakdown

Institutions
103.83%
Insiders
0.68%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    35.69M15.04%
  • Vanguard Portfolio Management, LLC
    21.40M9.02%
  • State Street Corp
    13.07M5.51%
  • Vanguard Capital Management, LLC
    10.62M4.48%
  • T. Rowe Price Investment Management,Inc.
    9.99M4.21%
  • AllianceBernstein L.P.
    8.25M3.48%
  • Prudential Financial Inc
    7.87M3.32%
  • Delaware Management Holdings Inc
    6.83M2.88%
  • Geode Capital Management, LLC
    6.67M2.81%
  • Morgan Stanley - Brokerage Accounts
    5.78M2.44%
  • Long Pond Capital, LP
    5.13M2.16%
  • Charles Schwab Investment Management Inc
    4.19M1.76%
  • NORGES BANK
    4.13M1.74%
  • Franklin Templeton Inc
    3.71M1.56%

Top Fund Holders

  • Vanguard Real Estate Index Investor
    8.86M3.74%
  • iShares Core S&P Mid-Cap ETF
    8.23M3.47%
  • Vanguard MStar Total Stk Mkt Idx Invest
    7.52M3.17%
  • iShares Russell 2000 ETF
    6.12M2.58%
  • Vanguard Small Cap Index
    5.43M2.29%
  • Franklin Small Cap Value A
    3.83M1.61%

Dividends

20263×
0.18Sep 30, 20260.18Jun 26, 20260.17Mar 27, 2026
20254×
0.17Dec 31, 20250.17Sep 30, 20250.17Jun 27, 20250.16Mar 28, 2025
20244×
0.16Dec 31, 20240.16Sep 30, 20240.16Jun 28, 20240.16Mar 27, 2024
20234×
0.16Dec 28, 20230.16Sep 28, 20230.16Jun 29, 20230.14Mar 30, 2023
20224×
0.14Dec 29, 20220.14Sep 29, 20220.14Jun 30, 20220.12Mar 31, 2022
20215×
0.02Dec 29, 20210.10Dec 16, 20210.12Sep 30, 20210.12Jul 1, 20210.12Mar 31, 2021