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IRT

IRT - Independence Realty Trust Inc Stock Price, Fair Value and News

17.63USD-0.15 (-0.84%)Market Closed

Market Summary

IRT
USD17.63-0.15
Market Closed
-0.84%

IRT Alerts

  • Big jump in Earnings (Y/Y)

IRT Stock Price

View Fullscreen

IRT RSI Chart

IRT Valuation

Market Cap

4.0B

Price/Earnings (Trailing)

-478.15

Price/Sales (Trailing)

6.01

EV/EBITDA

18.78

Price/Free Cashflow

15.3

IRT Price/Sales (Trailing)

IRT Profitability

EBT Margin

0.06%

Return on Equity

-0.24%

Return on Assets

-0.14%

Free Cashflow Yield

6.53%

IRT Fundamentals

IRT Revenue

Revenue (TTM)

660.1M

Rev. Growth (Yr)

-0.52%

Rev. Growth (Qtr)

-3.9%

IRT Earnings

Earnings (TTM)

-8.3M

Earnings Growth (Yr)

103.25%

Earnings Growth (Qtr)

143.38%

Breaking Down IRT Revenue

Last 7 days

3.0%

Last 30 days

5.5%

Last 90 days

14.9%

Trailing 12 Months

-3.1%

How does IRT drawdown profile look like?

IRT Financial Health

Debt/Equity

0.67

Debt/Cashflow

0.11

IRT Investor Care

Dividend Yield

3.63%

Dividend/Share (TTM)

0.64

Shares Dilution (1Y)

0.22%

Diluted EPS (TTM)

-0.03

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024660.1M000
2023639.5M648.7M656.7M661.0M
2022345.5M442.8M542.6M628.5M
2021215.7M220.8M227.4M250.3M
2020205.0M206.3M209.2M211.9M
2019195.0M199.1M201.6M203.2M
2018167.8M175.2M183.9M191.2M
2017153.9M155.1M156.8M161.2M
2016126.6M142.2M155.1M153.4M
201562.7M73.8M86.2M109.6M
201423.4M30.3M38.6M49.2M
201317.3M17.9M18.7M19.9M
201212.7M14.6M15.4M16.6M
20110008.7M
20100000
20090000

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

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 15, 2024
del rio ana marie
acquired
-
-
5,616
-
May 15, 2024
macnab craig
acquired
-
-
5,616
-
May 15, 2024
brines ned
acquired
-
-
5,616
-
May 15, 2024
bowie stephen r.
acquired
-
-
11,232
-
May 15, 2024
mcclure melinda h
acquired
-
-
11,232
-
May 15, 2024
purcell thomas h.
acquired
-
-
5,616
-
May 15, 2024
gebert richard d
acquired
-
-
11,232
-

1–10 of 50

Which funds bought or sold IRT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
added
4.03
1,182
17,522
-%
Jun 04, 2024
DekaBank Deutsche Girozentrale
reduced
-0.01
22,000
847,000
-%
May 29, 2024
Pathway Financial Advisers, LLC
new
-
31,222
31,222
0.01%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
69,000
1,321,000
0.01%
May 28, 2024
Boston Partners
new
-
892,150
892,150
-%
May 24, 2024
Cetera Investment Advisers
added
169
4,280,670
6,608,850
0.02%
May 21, 2024
LRI Investments, LLC
sold off
-
-
-
-%
May 20, 2024
Virtu Financial LLC
new
-
238,000
238,000
0.02%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-5.32
-6,594
3,625,120
-%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-80.18
-2,503,080
661,378
-%

1–10 of 48

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 FiledName of FilerPercent of ClassNo. of SharesForm 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
Jun 03, 2024
8-K
Current Report
May 17, 2024
4
Insider Trading
May 17, 2024
4
Insider Trading
May 17, 2024
4
Insider Trading
May 17, 2024
4
Insider Trading
May 17, 2024
4
Insider Trading
May 17, 2024
4
Insider Trading
May 17, 2024
4
Insider Trading
May 17, 2024
4
Insider Trading
May 17, 2024
4
Insider Trading

Peers (Alternatives to Independence Realty Trust Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
91.9B
11.2B
4.77% 2.30%
46.55
8.2
3.63% 50.79%
43.4B
6.8B
-0.37% -12.60%
31.11
6.33
-2.39% -16.60%
28.4B
2.8B
0.90% 5.12%
29.76
10.13
5.72% -6.46%
20.5B
3.0B
-4.13% -5.19%
104.32
6.93
10.44% -73.79%
13.0B
-
-1.81% 1.94%
30.71
7.99
8.93% 11.87%
11.4B
1.4B
1.35% 0.33%
30.21
8.32
10.48% -2.04%
MID-CAP
9.6B
3.3B
-4.45% 9.16%
50.09
2.91
4.82% -75.15%
8.4B
1.2B
-1.57% 6.43%
35.42
7.34
5.48% -38.69%
3.7B
913.7M
4.85% 112.77%
-7.19
4.03
1.13% -307.54%
3.2B
878.0M
-4.51% 31.88%
-9.36
3.65
2.35% -290.39%
SMALL-CAP
1.3B
444.1M
-4.58% 8.04%
19.4
3
3.54% 8.91%
1.2B
198.2M
-0.74% -4.62%
-7.32
6.02
-43.33% -308.08%
1.1B
650.2M
-0.65% -6.88%
36.04
1.7
27.93% 140.31%
551.0M
285.4M
-2.93% -40.99%
-4.32
1.93
11.05% 83.70%
445.3M
277.2M
-1.95% -19.02%
-54.3
1.61
25.89% 94.64%

Independence Realty Trust Inc News

Latest updates
MarketBeat28 hours ago

Independence Realty Trust Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-3.9%16116716916416116316115515077.0061.0057.0055.0054.0054.0052.0051.0051.0051.0051.0050.00
Costs and Expenses3.5%13212713012912712012113914661.0047.0045.0046.0041.0042.0042.0042.0038.0039.0038.0037.00
  S&GA Expenses66.2%8.005.004.006.008.006.006.007.008.004.004.004.006.003.003.004.005.003.003.004.003.00
EBITDA Margin-0.3%0.47*0.47*0.46*0.46*0.50*0.54*0.56*0.58*0.54*0.45*0.44*----------
Interest Expenses-12.5%21.0024.0022.0022.0022.0023.0022.0021.0021.0011.009.009.008.009.009.009.009.0010.0010.0010.0010.00
Income Taxes----------------------
EBT Margin0.2%0.00*0.00*0.00*0.00*0.00*0.00*0.00*0.00*0.00*0.00*0.00*----------
Net Income143.4%18.00-40.514.0011.009.0034.0016.00-7.2075.0029.0012.003.001.0013.001.001.00-0.3724.005.0015.003.00
Net Income Margin51.8%-0.01*-0.03*0.09*0.11*0.08*0.19*0.21*0.24*0.34*0.18*0.13*0.09*---------
Free Cashflow-25.6%44.0059.0076.0080.0047.0058.0080.0071.0041.00-21.4730.0023.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-4.9%5,9736,2806,5786,5176,4946,5326,6346,3876,3876,5071,8471,8751,7281,7351,7001,7091,7571,6641,6531,6561,656
    Cash Equivalents-6.9%21.0023.0017.0014.0012.0044.0024.0011.0024.0036.009.008.009.0014.0010.0012.0057.0014.007.0011.009.00
Liabilities-11.0%2,4142,7132,9102,8222,7892,7942,8972,7052,6742,8651,0971,1281,0131,0221,0921,0931,1281,0441,0491,0481,039
  Long Term Debt-10.7%2,2772,549----------9489461,0041,0091,050986979989991
Shareholder's Equity-0.2%3,4243,4313,5293,6953,7053,7383,7373,6823,7133,642750747715713608616629620604608617
  Retained Earnings-5.3%-367-348-271-239-214-191-194-178-140-188-200-199-190-178-179-169-159-141-148-137-136
  Additional Paid-In Capital0.1%3,7543,7523,7513,7553,7533,7513,7503,6993,6783,679965964920920820819818766763750748
Shares Outstanding0.2%225225225225224224222221221109103102---------
Minority Interest-0.3%1361361391391391411411411631614.004.005.005.005.005.006.006.007.007.007.00
Float----4,178---4,703---1,910---1,085---1,044-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-25.6%44,05759,17875,79880,28346,91158,29679,65471,00740,580-21,46830,47322,61420,63814,39326,22722,65511,68415,64423,25721,89614,204
  Share Based Compensation286.4%3,3898773191,7284,7341,6551,0601,6803,4981,3131,2681,3203,3268039021,2322,6277166921,086622
Cashflow From Investing81.3%255,403140,905-58,658-64,438-19,52138,396-239,331-61,897127,066-70,68721,243-159,399-7,281-46,107-10,745-8,518-59,170-31,223-47,021-20,025-8,127
Cashflow From Financing-55.4%-308,292-198,339-10,664-8,166-36,574-112,257176,864-17,475-182,557142,968-50,865137,690-13,87028,220-16,534-58,15295,22914,46520,471817-5,970
  Dividend Payments0.7%36,14935,90735,93931,40131,62531,35031,05426,50916,91612,58312,58312,21612,45011,33811,32916,98616,49316,30216,12716,10816,208
  Buy Backs-1,598-3,80919.003,75788.00-2,6983,18321.00-36.0080.002,862---1,490-7.00-635
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IRT Income Statement

2024-03-31
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUE:  
Rental and other property revenue$ 160,331$ 161,135
Other revenue203239
Total revenue160,534161,374
EXPENSES:  
Property operating expenses59,97159,255
Property management expenses7,4996,371
General and administrative expenses8,3818,154
Depreciation and amortization expense53,72153,536
Casualty losses2,301151
Total expenses131,873127,467
Interest expense(20,603)(22,124)
Gain on sale (loss on impairment) of real estate assets, net10,530985
Gain on extinguishment of debt2030
Other (loss) income, net(1)93
Loss from investments in unconsolidated real estate entities(829)(776)
Restructuring costs0(3,213)
Net income:17,9618,872
Income allocated to noncontrolling interest(384)(224)
Net income allocable to common shares$ 17,577$ 8,648
Earnings per share:  
Basic (in dollars per share)$ 0.08$ 0.04
Diluted (in dollars per share)$ 0.08$ 0.04
Weighted-average shares:  
Basic (in shares)224,627,115224,226,873
Diluted (in shares)225,226,270225,088,659

IRT Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Investments in real estate:  
Investments in real estate, at cost$ 6,183,009$ 6,259,212
Accumulated depreciation(622,713)(582,760)
Investments in real estate, net5,560,2965,676,452
Real estate held for sale98,603296,334
Investments in real estate under development109,33898,365
Cash and cash equivalents21,27522,852
Restricted cash20,62527,880
Investments in unconsolidated real estate entities89,48789,044
Other assets34,37939,245
Derivative assets38,84529,937
Intangible assets, net of accumulated amortization of $0 and $332, respectively066
Total Assets5,972,8486,280,175
LIABILITIES AND EQUITY:  
Indebtedness, net2,212,2732,426,788
Indebtedness associated with real estate held for sale64,825122,621
Accounts payable and accrued expenses83,678109,074
Accrued interest payable7,1457,917
Dividends payable36,89636,858
Other liabilities8,9289,723
Total Liabilities2,413,7452,712,981
Stockholders’ equity:  
Preferred stock, $0.01 par value; 50,000,000 shares authorized, 0 and 0 shares issued and outstanding, respectively00
Common stock, $0.01 par value; 500,000,000 shares authorized, 225,070,396 and 224,706,731 shares issued and outstanding, including 410,984 and 288,250 unvested restricted common share awards, respectively2,2512,247
Additional paid-in capital3,753,8333,751,942
Accumulated other comprehensive income34,50125,513
Accumulated deficit(367,015)(348,405)
Total stockholders’ equity3,423,5703,431,297
Noncontrolling interests135,533135,897
Total Equity3,559,1033,567,194
Total Liabilities and Equity$ 5,972,848$ 6,280,175
IRT
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
 WEBSITEirtliving.com
 INDUSTRYREIT Mortgage
 EMPLOYEES923

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 Wed Jun 12 2024, market cap of Independence Realty Trust Inc is 4 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 Wed Jun 12 2024, IRT's PE ratio (Price to Earnings) is -482.22 and Price to Sales (PS) ratio is 6.06. 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 0.127 (multiply by 100 for percentage) rate of return.