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Independence Realty Trust Inc

Company price
14.94 USD 0.22 ( 1.49%)
Last update at 2026-11-02T21:05:00Z
VOLUME
3049906
Market Cap
3666.38M
P/E
84.28

Momentum Score

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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.

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Day Price Range
14.69
Low
15.11
High
52 Week Price Range
14.44
Low
17.70
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Independence Realty Trust is a publicly traded REIT that acquires, owns and operates multifamily apartment communities in growing U.S. markets. Long-term growth may be supported by steady rental demand, value-add renovations and demographic and employment trends, and investors may view the company as attractive for recurring cash flows and potential upside from operational improvements.
Primary investment risks include sensitivity to higher interest rates and borrowing costs, cyclical rent and occupancy trends that could pressure cash flow, and execution risk on property repositioning projects.

Risk Score
Low

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
14.72
Dividend Yield
4.50%
Revenue TTM
677.16M
Revenue Per Share
2.88
Gross Profit TTM
410.89M
Debt / Equity
0.66
ROE
1.26%
Net Debt
2233.85M
ROCE
2.68%
Diluted EPS TTM
0.18

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 57.71M 40.03M -17.81M 120.66M 45.53M
Minority interest -1.15M -0.74M -1.45M -3.41M -0.94M
Net income 56.56M 39.29M -17.23M 33.70M 8.19M
Selling general administrative 23.97M 24.25M 22.77M 26.26M 18.61M
Gross profit -98.05M 374.52M 389.57M 372.22M 147.46M
Reconciled depreciation 243.24M 220.85M 215.23M 252.85M 76.91M
Ebit 136.71M 116.17M 72.11M 92.50M 51.94M
Ebitda 379.95M 337.03M 291.08M 345.35M 128.85M
Depreciation and amortization 243.24M 220.85M 218.97M 252.85M 76.91M
Non operating income net other - - - 111.14M 77.41M
Operating income 121.22M 129.43M 147.84M 92.50M 51.94M
Other operating expenses 536.47M 510.61M 513.14M 535.42M 198.31M
Interest expense 79.00M 76.14M 89.92M 86.95M 36.40M
Tax provision 0.00M - - - -
Interest income 67.93M 75.79M 94.41M 86.95M 36.40M
Net interest income -79.00M -76.14M -89.72M -86.95M -36.40M
Non recurring - - - 5.50M 47.06M
Income tax expense - - -0.46M 86.95M 37.34M
Total revenue 657.70M 640.03M 660.98M 628.52M 250.25M
Total operating expenses -219.28M 245.10M 241.73M 279.11M 95.52M
Cost of revenue 755.75M 265.51M 271.41M 256.31M 102.79M
Total other income expense net -63.52M -89.39M -165.65M 28.16M -6.41M
Net income from continuing ops 57.71M 40.03M 58.37M 120.66M 45.53M
Net income applicable to common shares 56.56M 39.29M -17.23M 117.25M 44.59M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 6021.75M 6057.92M 6280.18M 6532.10M 6506.70M
Intangible assets 2.97M 3.64M 0.07M 1.14M 53.27M
Other current assets - 132.34M 324.21M 63.71M 91.26M
Total liab 2432.32M 2482.84M 2712.98M 2794.23M 2864.62M
Total stockholder equity 3459.94M 3442.28M 3431.30M 3596.66M 3480.76M
Other current liab 49.65M 46.46M 44.77M -1931.20M 23.97M
Common stock 2.37M 2.31M 2.25M 2.24M 2.21M
Capital stock 2.37M 2.31M 2.25M 2.24M 2.21M
Retained earnings -555.33M -454.10M -348.40M -191.74M -188.41M
Other liab - - - 9.60M 17.09M
Good will - - - -0.74M 125.22M
Other assets 24.06M 6033.05M 5933.04M 6515.61M 253.82M
Cash 47.62M 21.23M 22.85M 16.08M 35.97M
Cash and equivalents 23.56M 21.23M 22.85M 16.08M 35.97M
Total current liabilities 929.53M 935.85M 153.85M 149.58M 1042.43M
Current deferred revenue - - 884.24M - -
Net debt 2233.85M 2312.45M 2526.56M 4586.66M 2669.36M
Short term debt 787.52M 794.72M 839.46M 1971.10M 912.13M
Short long term debt 787.52M 794.72M 839.46M 1971.10M 635.13M
Short long term debt total 2281.47M 2333.68M 2549.41M 4602.75M 2705.34M
Other stockholder equity 4005.17M 3868.01M 3751.94M 3751.06M 3678.90M
Property plant equipment 5740.88M 5741.72M 5777.23M 6295.73M 6218.88M
Total current assets 47.62M 153.56M 347.07M 79.79M 127.23M
Long term investments 98.26M 91.97M 89.04M 80.22M 25.00M
Net tangible assets - - - 3596.26M 3427.49M
Short term investments - - 29.94M - 6462.35M
Net receivables - - - - 3.91M
Long term debt 2281.47M 1538.96M 1709.95M 2631.64M 2070.21M
Inventory 76.47M 110.11M 296.33M 35.78M 61.56M
Accounts payable 92.36M 94.67M 109.07M 109.68M 106.33M
Noncontrolling interest in consolidated entity - - - 141.20M 161.31M
Accumulated other comprehensive income 7.72M 26.07M 25.51M 35.10M -11.94M
Common stock total equity - - - 2.24M 2.21M
Retained earnings total equity - - - -191.74M -188.41M
Non currrent assets other 182.29M 5808.74M 36.84M 6371.68M 6301.20M
Non current assets total 5974.13M 5904.35M 5903.17M 6452.30M 6379.47M
Long term debt total 2281.47M 2285.84M 2482.58M 2631.64M 11.90M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -20.61M -104.22M -57.39M -25.00M
Change to liabilities - - - -6.32M -2.25M
Total cashflows from investing activities -142.91M -20.61M -1.71M -135.77M -216.12M
Net borrowings -99.39M -204.79M -109.94M -69.53M -48.05M
Total cash from financing activities -135.07M -246.43M -253.74M -135.43M 215.92M
Change to operating activities - - - -3.86M 0.86M
Net income 56.56M 40.03M -17.23M 120.66M 45.53M
Change in cash 4.17M -7.28M 6.71M -21.65M 52.06M
Begin period cash flow 43.45M 50.73M 44.02M 65.67M 13.62M
End period cash flow 47.62M 43.45M 50.73M 44.02M 65.67M
Total cash from operating activities 282.15M 259.75M 262.17M 249.54M 52.26M
Issuance of capital stock 162.44M 111.30M - 48.65M 317.02M
Depreciation 243.24M 220.85M 218.97M 252.85M 76.91M
Other cashflows from investing activities 41.50M 157.04M 142.77M 9.97M -76.61M
Dividends paid 154.39M 144.02M 134.87M 105.83M 49.83M
Sale purchase of stock -30.00M -2.60M -5.16M -5.97M -2.93M
Other cashflows from financing activities -7.41M -6.32M -3.77M 699.61M 579.32M
Change to netincome - - - -102.75M -70.18M
Capital expenditures 135.62M 175.06M 146.63M 83.98M 42.97M
Cash flows other operating - - - -7.62M 1.11M
Cash and cash equivalents changes - - - -21.65M 52.06M
Change in working capital -6.84M -15.55M -13.77M -6.36M -2.77M
Stock based compensation 7.88M 7.08M 7.66M 7.89M 7.23M
Other non cash items -18.69M 7.34M 66.54M -125.51M 1.50M
Free cash flow 146.52M 84.69M 115.54M 165.56M 9.28M

Peer Comparison*

Sector: Real Estate Industry: REIT - Residential

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
IRT
Independence Realty Trust Inc
0.22
1.49%
14.94 84.28 72.99 5.41 1.08 9.05 15.82
NCRRP
NCR Corporation 5.5% PFD CNV A
-
-%
1002.00 857.14 - - - - -
INVH
Invitation Homes Inc
0.30
1.13%
26.86 42.22 44.44 8.97 2.05 12.04 19.45
ESS
Essex Property Trust Inc
-
-%
265.56 24.87 46.08 9.04 3.01 12.37 14.88
MAA
Mid-America Apartment Communities Inc
1.17
1.00%
118.38 36.72 33.90 6.67 2.67 9.11 16.05

Profile*

Independence Realty Trust Inc

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.

1835 Market Street, Philadelphia, PA, United States, 19103

267 270 4800

904

Name Title Year Born
Mr. Scott F. Schaeffer Chairman & CEO 1962
Mr. Farrell M. Ender Pres 1976
Mr. James J. Sebra CFO & Treasurer 1976
Mr. Jason R. Delozier Chief Accounting Officer & Controller 1984
Ms. Jessica K. Norman Chief Legal Officer & Sec. 1983
Ms. Ella Shaw Neyland COO & Director 1955
Mr. Ted McHugh SVP, Edelman Financial Communications & Capital Markets NA
Alex Jorgensen Investor Relations Officer NA
Mr. Scott F. Schaeffer CEO & Chairman 1962
Ms. Janice Richards Executive Vice President of Operations NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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