Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multi-family apartment properties in non-entry US markets, including Atlanta, Louisville, Memphis and Raleigh.
| Revenue (TTM) | $677.16M |
| Gross Profit (TTM) | $410.89M |
| EBITDA | $378.19M |
| Operating Margin | 14.80% |
| Return on Equity | 1.26% |
| Return on Assets | 1.29% |
| Revenue/Share (TTM) | $2.88 |
| Book Value | $14.28 |
| Price-to-Book | 1.20 |
| Price-to-Sales (TTM) | 5.95 |
| EV/Revenue | 9.65 |
| EV/EBITDA | 16.86 |
| Quarterly Earnings Growth (YoY) | -66.70% |
| Quarterly Revenue Growth (YoY) | 3.00% |
| Shares Outstanding | $235.75M |
| Float | $233.58M |
| % Insiders | 0.68% |
| % Institutions | 103.71% |
Volatility is currently expanding
Independence Realty Trust NYSE: IRT said improving apartment market conditions, reduced concessions and a new community Wi-Fi program supported stronger operating results in the second quarter of 2026, prompting the company to raise the midpoint of its full-year same-store net operating income guidance.
Independence Realty Trust, Inc. (IRT) Q2 2026 Earnings Call Transcript
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PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announces that its board of directors approved a quarterly dividend of $0.18 per share of IRT common stock, which represents a 5.9% increase over the prior quarterly rate of $0.17 per share. The second quarter 2026 dividend is payable on July 17, 2026, to shareholders of record at the close of business on June 26, 2026. "The Board's decision to increase our quarterly dividend reflects our conviction in the streng.
Independence Realty Trust is navigating a shift from high supply/low demand to low supply/high demand in Sunbelt and Midwest multifamily markets. Q1 2026 results showed a 2.8% increase in asking rents, but CFFO and NOI margins declined year-over-year; full-year CFFO guidance remains unchanged. IRT's value-add renovation program continues to drive NOI growth and is fully funded by excess free cash flow, with significant value creation potential.
Independence Realty Trust, Inc. (IRT) Q1 2026 Earnings Call Transcript
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, announces its first quarter 2026 financial results. First Quarter 2026 EPS of $0.00 First Quarter 2026 CFFO Per Share of $0.26 In Line with Expectations Same-Store Portfolio NOI Growth of 1.0% for the First Quarter 2026 1.4% Increase in Rental Revenue and 2.0% Increase in Property Operating Expenses, Year Over Year Continued Strong Resident Retention Rate of 60.5% Completed 426 Reno.
Investors interested in stocks from the REIT and Equity Trust - Residential sector have probably already heard of Safehold (SAFE) and Independence Realty Trust (IRT). But which of these two companies is the best option for those looking for undervalued stocks?
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), announces the release date and conference call details related to its first quarter 2026 financial results. Details: Results Release Date: Wednesday, April 29, 2026, after the market closes Conference Call Date and Time: Thursday, April 30, 2026, at 9:00 a.m. Eastern Time Telephone Number (within the U.S.): (888) 440-3307 Conference ID (Passcode): 1963990 The live conference call can also be access.
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