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) | $671.76M |
| Gross Profit (TTM) | $403.47M |
| EBITDA | $370.31M |
| Operating Margin | 16.70% |
| Return on Equity | 1.78% |
| Return on Assets | 1.15% |
| Revenue/Share (TTM) | $2.84 |
| Book Value | $14.24 |
| Price-to-Book | 1.08 |
| Price-to-Sales (TTM) | 5.40 |
| EV/Revenue | 8.93 |
| EV/EBITDA | 14.75 |
| Quarterly Earnings Growth (YoY) | 262.00% |
| Quarterly Revenue Growth (YoY) | -3.10% |
| Shares Outstanding | $235.87M |
| Float | $233.73M |
| % Insiders | 0.68% |
| % Institutions | 105.93% |
Volatility is currently expanding
Independence Realty Trust NYSE: IRT reported third-quarter core funds from operations of $0.29 per share and same-store net operating income growth of 1.6%, with both measures meeting the company's expectations. Management reaffirmed the midpoint of its full-year 2026 guidance for core FFO and same-store NOI growth while narrowing certain same-store guidance ranges around unchanged midpoints.
REITs, as measured by VNQ, have pulled back ~6% from July highs amid rising interest rates, now trading at meaningful discounts to NAV. Public REITs' low leverage and fixed-rate debt position them to benefit from declining new supply and potential rent growth over 2027-2028. Current market dislocation reflects capital market volatility, not deteriorating property fundamentals; transaction markets remain frozen due to wide bid-ask spreads.
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, announces its third quarter 2026 financial results. Third Quarter 2026 EPS of $0.11 and CFFO Per Share of $0.29 Same-Store Portfolio NOI Growth of 1.6% for the Third Quarter 2026 Increases of 2.0% in Rental Revenues and 2.5% in Property Operating Expenses Leasing Spreads Accelerated in Improved Operating Environment Completed 1,770 Value Add Program Renovations Year-to-Date Achieved.
NEW ORLEANS, Oct. 26, 2026 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Centerspace (NYSE: CSR) to Independence Realty Trust, Inc. (NYSE: IRT). Under the terms of the proposed transaction, shareholders of Centerspace will receive 3.800 shares of Independence Realty common stock for each share of Centerspace that they own. KSF is seeking to determine whether this con.
MINNEAPOLIS, Oct. 1, 2026 /PRNewswire/ -- Centerspace (NYSE: CSR) (the "Company") will release its operating results for the quarter ended September 30, 2026, after the market closes on Monday, November 2, 2026. Due to the Company's previously announced merger with Independence Realty Trust, Inc. (NYSE: IRT), the Company will not host a conference call regarding its third quarter 2026 operating results.
Independence Realty Trust (IRT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Centerspace (NYSE: CSR) to Independence Realty Trust, Inc. (NYSE: IRT). Under the terms of the proposed transaction, shareholders of Centerspace will receive 3.800 shares of Independence Realty common stock for each share of Centerspace that they own. KSF is seeking to determine whether this conside.
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating the merger of Independence Realty Trust, Inc. (NYSE: IRT) and Centerspace. Upon closing of the proposed transaction, Independence Realty shareholders will own approximately 78% of the combined company.Halper Sadeh encourages Independence Realty shareholders to click here to learn more about their rights and options or contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or sadeh@halpersa.
Independence Realty Trust and Centerspace agreed to a merger, creating a middle-market apartment real-estate investment trust valued at $8.1 billion, including debt.
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