IRT Stock Price, Independence Realty Trust Quote, Chart

Market Summary

USD15.87-0.13

Market Closed

-0.81%

IRT Stock Price

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IRT RSI Chart

IRT Valuation

Market Cap

3.6B

Price/Earnings (Trailing)

-207.06

Price/Sales (Trailing)

5.4

EV/EBITDA

13.76

Price/Free Cashflow

13.61

IRT Price/Sales (Trailing)

IRT Profitability

EBT Margin

0.06%

Return on Equity

-0.5%

Return on Assets

-0.27%

Free Cashflow Yield

7.35%

IRT Fundamentals

IRT Revenue

Revenue (TTM)

661.0M

Rev. Growth (Yr)

2.61%

Rev. Growth (Qtr)

-0.93%

IRT Earnings

Earnings (TTM)

-17.2M

Earnings Growth (Yr)

-220.47%

Earnings Growth (Qtr)

-1.1K%

Breaking Down IRT Revenue

Last 7 days

-2.6%

Last 30 days

1.9%

Last 90 days

4.8%

Trailing 12 Months

-0.2%

How does IRT drawdown profile look like?

IRT Financial Health

Debt/Equity

0.27

Debt/Cashflow

0.28

IRT Investor Care

Dividend Yield

3.91%

Dividend/Share (TTM)

0.62

Shares Dilution (1Y)

0.20%

Diluted EPS (TTM)

-0.07

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	639.5M	648.7M	656.7M	661.0M
2022	345.5M	442.8M	542.6M	628.5M
2021	215.7M	220.8M	227.4M	250.3M
2020	205.0M	206.3M	209.2M	211.9M
2019	195.0M	199.1M	201.6M	203.2M
2018	167.8M	175.2M	183.9M	191.2M
2017	153.9M	155.1M	156.8M	161.2M
2016	126.6M	142.2M	155.1M	153.4M
2015	62.7M	73.8M	86.2M	109.6M
2014	23.4M	30.3M	38.6M	49.2M
2013	17.3M	17.9M	18.7M	19.9M
2012	12.7M	14.6M	15.4M	16.6M
2011	0	0	0	8.7M
2010	0	0	0	0
2009	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Independence Realty Trust Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 02, 2024	delozier jason r	sold (taxes)	-5,751	15.42	-373	chief accounting officer
Mar 02, 2024	schaeffer scott	sold (taxes)	-50,176	15.42	-3,254	chair of board & ceo
Mar 02, 2024	sebra james j	sold (taxes)	-23,392	15.42	-1,517	cfo & treasurer
Mar 01, 2024	schaeffer scott	sold (taxes)	-162,080	15.42	-10,511	chair of board & ceo
Mar 01, 2024	sebra james j	sold (taxes)	-72,458	15.42	-4,699	cfo & treasurer
Mar 01, 2024	delozier jason r	sold (taxes)	-17,332	15.42	-1,124	chief accounting officer
Feb 26, 2024	schaeffer scott	sold (taxes)	-525,219	14.48	-36,272	chair of board & ceo
Feb 26, 2024	weisbaum michele r.	acquired	-	-	7,088	-
Feb 26, 2024	sebra james j	acquired	-	-	90,452	cfo & treasurer
Feb 26, 2024	delozier jason r	acquired	-	-	20,082	chief accounting officer

Which funds bought or sold IRT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 12, 2024	Keystone Wealth Services, LLC	unchanged	-	25,038	486,578	0.16%
Apr 12, 2024	CHICAGO TRUST Co NA	unchanged	-	8,300	161,300	0.03%
Apr 12, 2024	Global Assets Advisory, LLC	new	-	1,603,000	1,603,000	0.07%
Apr 12, 2024	Ausdal Financial Partners, Inc.	added	1.64	35,651	534,339	0.06%
Apr 12, 2024	ARMSTRONG ADVISORY GROUP, INC	unchanged	-	-	73,746	0.01%
Apr 12, 2024	Southland Equity Partners LLC	added	1.3	32,084	504,563	0.14%
Apr 12, 2024	AdvisorNet Financial, Inc	added	92.00	783	1,548	-%
Apr 11, 2024	Aurora Investment Managers, LLC.	added	214	1,181,000	1,692,000	1.25%
Apr 11, 2024	INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC	new	-	175,671	175,671	0.02%
Apr 11, 2024	CONGRESS ASSET MANAGEMENT CO /MA	added	1.32	135,685	2,124,920	0.01%

Are Funds Buying or Selling IRT?

Are funds buying IRT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own IRT

No. of Funds

Unveiling Independence Realty Trust Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	14.42%	32,400,936	SC 13G/A
Jan 30, 2024	state street corp	6.17%	13,866,370	SC 13G/A
Jan 22, 2024	blackrock inc.	16.0%	35,944,182	SC 13G/A
Feb 09, 2023	vanguard group inc	14.65%	32,818,722	SC 13G/A
Feb 03, 2023	state street corp	5.97%	13,368,304	SC 13G/A
Jan 26, 2023	blackrock inc.	13.9%	31,129,347	SC 13G/A
Jan 20, 2023	blackrock inc.	13.9%	31,129,347	SC 13G/A
Jan 13, 2023	millennium management llc	0.0%	467	SC 13G/A
Apr 08, 2022	blackrock inc.	17.8%	39,462,883	SC 13G/A
Apr 08, 2022	vanguard group inc	11.00%	24,329,328	SC 13G/A

Recent SEC filings of Independence Realty Trust Inc

View All Filings

Date Filed	Form Type	Document
Mar 21, 2024	ARS	ARS
Mar 21, 2024	DEF 14A	DEF 14A
Mar 21, 2024	DEFA14A	DEFA14A
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 01, 2024	3	Insider Trading
Mar 01, 2024	8-K	Current Report
Feb 28, 2024	10-K	Annual Report
Feb 28, 2024	4	Insider Trading

Peers (Alternatives to Independence Realty Trust Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	83.1B	11.1B	-9.66%	-13.83%	60.81	7.46	4.04%	-19.43%
CCI	41.5B	7.0B	-9.60%	-26.03%	27.65	5.95	-0.07%	-10.36%
AVB	25.7B	2.8B	-1.70%	6.38%	27.64	9.27	6.73%	-18.30%
ARE	20.5B	2.9B	-3.74%	0.55%	197.59	7.1	11.46%	-80.13%
AMH	12.7B	1.6B	-3.36%	8.14%	29.37	7.9	7.80%	39.39%
REG	10.7B	1.3B	-1.98%	-2.93%	29.32	8.08	8.04%	-24.50%
BXP	9.2B	3.3B	-6.31%	15.09%	48.4	2.81	5.31%	-77.32%
MID-CAP
FRT	8.1B	1.1B	-1.05%	1.77%	34.35	7.19	5.38%	-38.52%
MAC	3.4B	884.1M	-1.05%	66.77%	-12.56	3.89	2.90%	-314.82%
SLG	3.2B	899.4M	-1.62%	125.91%	-5.7	3.58	-0.45%	-623.11%
SMALL-CAP
AAT	1.3B	441.2M	-2.88%	17.82%	19.35	2.84	4.38%	15.77%
AIV	1.2B	198.2M	7.12%	4.87%	-7.34	5.82	-43.33%	-270.70%
MFA	1.1B	605.6M	-7.57%	5.74%	13.37	1.77	25.53%	134.62%
NYMT	627.7M	258.7M	-4.58%	-31.06%	-12.9	2.43	0.11%	83.70%
IVR	399.8M	277.9M	-10.13%	-19.51%	-25.21	1.44	44.33%	96.06%

Independence Realty Trust Inc News

Latest updates

Independence Realty Trust Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-0.9%	167	169	164	161	163	161	155	150	77.00	61.00	57.00	55.00	54.00	54.00	52.00	51.00	51.00	51.00	51.00	50.00	50.00
Costs and Expenses	-1.9%	127	130	129	127	120	121	139	146	61.00	47.00	45.00	46.00	41.00	42.00	42.00	42.00	38.00	39.00	38.00	37.00	36.00
S&GA Expenses	37.8%	5.00	4.00	6.00	8.00	6.00	6.00	7.00	8.00	4.00	4.00	4.00	6.00	3.00	3.00	4.00	5.00	3.00	3.00	4.00	3.00	3.00
EBITDA Margin	0.6%	0.47*	0.46*	0.46*	0.50*	0.54*	0.56*	0.58*	0.54*	0.45*	0.44*	0.45*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	6.8%	24.00	22.00	22.00	22.00	23.00	22.00	21.00	21.00	11.00	9.00	9.00	8.00	9.00	9.00	9.00	9.00	10.00	10.00	10.00	10.00	10.00
EBT Margin	-0.6%	0.00*	0.00*	0.00*	0.00*	0.00*	0.00*	0.00*	0.00*	0.00*	0.00*	0.00*	-	-	-	-	-	-	-	-	-	-
Net Income	-1130.9%	-40.51	4.00	11.00	9.00	34.00	16.00	-7.20	75.00	29.00	12.00	3.00	1.00	13.00	1.00	1.00	-0.37	24.00	5.00	15.00	3.00	15.00
Net Income Margin	-130.1%	-0.03*	0.09*	0.11*	0.08*	0.19*	0.21*	0.25*	0.35*	0.18*	0.13*	0.09*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-21.9%	59.00	76.00	80.00	47.00	58.00	80.00	71.00	41.00	-21.47	30.00	23.00	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-4.5%	6,280	6,578	6,517	6,494	6,532	6,634	6,387	6,387	6,507	1,847	1,875	1,728	1,735	1,700	1,709	1,757	1,664	1,653	1,656	1,656	1,659
Cash Equivalents	32.7%	23.00	17.00	14.00	12.00	16.00	24.00	11.00	24.00	36.00	9.00	8.00	9.00	14.00	10.00	12.00	57.00	14.00	7.00	11.00	9.00	9.00
Liabilities	-6.8%	2,713	2,910	2,822	2,789	2,794	2,897	2,705	2,674	2,865	1,097	1,128	1,013	1,022	1,092	1,093	1,128	1,044	1,049	1,048	1,039	1,029
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	948	946	1,004	1,009	1,050	986	979	989	991	985
Shareholder's Equity	-2.8%	3,431	3,529	3,695	3,705	3,597	3,737	3,682	3,713	3,642	750	747	715	713	608	616	629	620	604	608	617	630
Retained Earnings	-28.1%	-348	-271	-239	-214	-191	-194	-178	-140	-188	-200	-199	-190	-178	-179	-169	-159	-141	-148	-137	-136	-122
Additional Paid-In Capital	0.0%	3,752	3,751	3,755	3,753	3,751	3,750	3,699	3,678	3,679	965	964	920	920	820	819	818	766	763	750	748	742
Shares Outstanding	0.0%	225	225	225	225	224	222	221	221	109	103	102	102	-	-	-	-	-	-	-	-	-
Minority Interest	-1.9%	136	139	139	139	141	141	141	163	161	4.00	4.00	5.00	5.00	5.00	5.00	6.00	6.00	7.00	7.00	7.00	7.00
Float	-	-	-	4,178	-	-	-	4,703	-	-	-	1,910	-	-	-	1,085	-	-	-	1,044	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-21.9%	59,178	75,798	80,283	46,911	58,296	79,654	71,007	40,580	-21,468	30,473	22,614	20,638	14,393	26,227	22,655	11,684	15,644	23,257	21,896	14,204	11,215
Share Based Compensation	174.9%	877	319	1,728	4,734	1,655	1,060	1,680	3,498	1,313	1,268	1,320	3,326	803	902	1,232	2,627	716	692	1,086	622	558
Cashflow From Investing	340.2%	140,905	-58,658	-64,438	-19,521	38,396	-239,331	-61,897	127,066	-70,687	21,243	-159,399	-7,281	-46,107	-10,745	-8,518	-59,170	-31,223	-47,021	-20,025	-8,127	-47,027
Cashflow From Financing	-1759.9%	-198,339	-10,664	-8,166	-36,574	-112,257	176,864	-17,475	-182,557	142,968	-50,865	137,690	-13,870	28,220	-16,534	-58,152	95,229	14,465	20,471	817	-5,970	35,947
Dividend Payments	-0.1%	35,907	35,939	31,401	31,625	31,350	31,054	26,509	16,916	12,583	12,583	12,216	12,450	11,338	11,329	16,986	16,493	16,302	16,127	16,108	16,208	15,949
Buy Backs	-100.0%	-	3,809	19.00	3,757	88.00	-	2,698	3,183	21.00	-36.00	80.00	2,862	-	-	-	1,490	-	7.00	-	635	-

IRT Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUE:
Rental and other property revenue	$ 659,841	$ 627,414	$ 249,492
Other revenue	1,142	1,111	760
Total revenue	660,983	628,525	250,252
EXPENSES:
Property operating expenses	244,330	232,275	93,252
Property management expenses	27,081	24,033	9,539
General and administrative expenses	22,766	26,260	18,610
Depreciation and amortization expense	218,968	252,849	76,909
Casualty losses (gains), net	925	(8,866)	359
Total expenses	514,070	526,551	198,669
Interest expense	(89,921)	(86,955)	(36,401)
(Loss on impairment) gain on sale of real estate assets, net	(66,547)	111,756	87,671
Loss on extinguishment of debt	(124)	0	(10,261)
Merger and integration costs	0	(5,505)	(47,063)
Other (loss) income, net	(427)	1,558	0
Loss from investments in unconsolidated real estate entities	(4,488)	(2,169)	0
Restructuring costs	(3,213)	0	0
Net (loss) income:	(17,807)	120,659	45,529
Loss (income) allocated to noncontrolling interest	580	(3,410)	(940)
Net (loss) income allocable to common shares	$ (17,227)	$ 117,249	$ 44,589
(Loss) earnings per share:
Basic (in dollars per share)	$ (0.08)	$ 0.53	$ 0.41
Diluted (in dollars per share)	$ (0.08)	$ 0.53	$ 0.41
Weighted-average shares:
Basic (in shares)	224,414,443	221,965,460	108,552,185
Diluted (in shares)	224,414,443	223,119,937	109,831,520

IRT Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investments in real estate:
Investments in real estate, at cost	$ 6,259,212	$ 6,615,243
Accumulated depreciation	(582,760)	(425,034)
Investments in real estate, net	5,676,452	6,190,209
Real estate held for sale	296,334	35,777
Investments in real estate under development	98,365	105,518
Cash and cash equivalents	22,852	16,084
Restricted cash	27,880	27,933
Investments in unconsolidated real estate entities	89,044	80,220
Other assets	39,245	34,846
Derivative assets	29,937	41,109
Intangible assets, net of accumulated amortization of $332 and $700, respectively	66	399
Total Assets	6,280,175	6,532,095
LIABILITIES AND EQUITY:
Indebtedness, net	2,426,788	2,631,645
Indebtedness associated with real estate held for sale	122,621	0
Accounts payable and accrued expenses	109,074	109,677
Accrued interest payable	7,917	7,713
Dividends payable	36,858	32,189
Other liabilities	9,723	13,004
Total Liabilities	2,712,981	2,794,228
Stockholders’ equity:
Preferred stock, $0.01 par value; 50,000,000 shares authorized, 0 and 0 shares issued and outstanding, respectively	0	0
Common stock, $0.01 par value; 500,000,000 shares authorized, 224,706,731 and 224,064,940 shares issued and outstanding, including 288,250 and 232,134 unvested restricted common share awards, respectively	2,247	2,241
Additional paid-in capital	3,751,942	3,751,056
Accumulated other comprehensive income	25,513	35,102
Accumulated deficit	(348,405)	(191,735)
Total stockholders’ equity	3,431,297	3,596,664
Noncontrolling interests	135,897	141,203
Total Equity	3,567,194	3,737,867
Total Liabilities and Equity	$ 6,280,175	$ 6,532,095

About Independence Realty Trust Inc

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. 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 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.

CEO	Mr. Scott F. Schaeffer
WEBSITE	irtliving.com
INDUSTRY	REIT Mortgage
EMPLOYEES	923

Independence Realty Trust Inc Frequently Asked Questions

What is the ticker symbol for Independence Realty Trust Inc? What does IRT stand for in stocks?

IRT is the stock ticker symbol of Independence Realty Trust Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Independence Realty Trust Inc (IRT)?

As of Mon Apr 15 2024, market cap of Independence Realty Trust Inc is 3.57 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of IRT stock?

You can check IRT's fair value in chart for subscribers.

What is the fair value of IRT stock?

You can check IRT's fair value in chart for subscribers. The fair value of Independence Realty Trust Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Independence Realty Trust Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for IRT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Independence Realty Trust Inc a good stock to buy?

The fair value guage provides a quick view whether IRT is over valued or under valued. Whether Independence Realty Trust Inc is cheap or expensive depends on the assumptions which impact Independence Realty Trust Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for IRT.

What is Independence Realty Trust Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 15 2024, IRT's PE ratio (Price to Earnings) is -207.06 and Price to Sales (PS) ratio is 5.4. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. IRT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Independence Realty Trust Inc's stock?

In the past 10 years, Independence Realty Trust Inc has provided 0.117 (multiply by 100 for percentage) rate of return.