IRT Stock Price, Independence Realty Trust Quote, Chart

Market Summary

USD16.63+0.01

Market Closed

0.06%

IRT Alerts

Big jump in Earnings (Y/Y)

IRT Stock Price

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IRT RSI Chart

IRT Valuation

Market Cap

3.7B

Price/Earnings (Trailing)

-450.76

Price/Sales (Trailing)

5.67

EV/EBITDA

18.78

Price/Free Cashflow

14.43

IRT Price/Sales (Trailing)

IRT Profitability

EBT Margin

0.06%

Return on Equity

-0.23%

Return on Assets

-0.14%

Free Cashflow Yield

6.93%

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

52 Week Range

13.5418.77

(Low)(High)

Last 7 days

5.5%

Last 30 days

8.2%

Last 90 days

12.8%

Trailing 12 Months

-2.5%

How does IRT drawdown profile look like?

IRT Financial Health

Debt/Equity

0.64

Debt/Cashflow

0.11

IRT Investor Care

Dividend Yield

3.85%

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

Year	Q1	Q2	Q3	Q4
2024	660.1M	0	0	0
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
May 06, 2024	TEXAS PERMANENT SCHOOL FUND CORP	added	1.23	199,167	3,163,500	0.03%
May 06, 2024	CFO4Life Group, LLC	added	0.17	25,545	481,207	0.09%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	added	66.07	379,578	885,182	0.01%
May 06, 2024	Metis Global Partners, LLC	added	2.37	18,002	245,192	0.01%
May 06, 2024	Parallel Advisors, LLC	added	46.1	8,803	25,098	-%
May 06, 2024	Mesirow Institutional Investment Management, Inc.	new	-	8,867,440	8,867,440	0.79%
May 06, 2024	HighTower Advisors, LLC	reduced	-11.98	-61,000	803,000	-%
May 06, 2024	Jefferies Financial Group Inc.	sold off	-100	-202,721	-	-%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	sold off	-100	-898,000	-	-%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-69,692	-	-%

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

IRT Alerts

Big jump in Earnings (Y/Y)

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
May 07, 2024	8-K	Current Report
Apr 30, 2024	10-Q	Quarterly Report
Apr 24, 2024	8-K	Current Report
Apr 19, 2024	D/A	D/A
Apr 19, 2024	D/A	D/A
Apr 19, 2024	D/A	D/A
Apr 19, 2024	D/A	D/A
Apr 19, 2024	D/A	D/A
Mar 21, 2024	ARS	ARS
Mar 21, 2024	DEF 14A	DEF 14A

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	84.7B	11.2B	-4.62%	-6.12%	42.91	7.56	3.63%	50.79%
CCI	41.8B	6.8B	-4.58%	-17.37%	29.96	6.1	-2.39%	-16.60%
AVB	27.9B	2.8B	8.20%	8.63%	29.16	9.93	5.72%	-6.47%
ARE	20.9B	3.0B	-3.93%	-2.18%	106.61	7.09	10.44%	-73.79%
AMH	13.4B	-	1.39%	3.90%	31.65	8.24	8.93%	11.87%
REG	11.0B	1.4B	1.05%	-0.44%	29.39	8.02	10.48%	-2.93%
BXP	9.6B	3.3B	-0.78%	19.54%	50.23	2.92	5.31%	-77.32%
MID-CAP
FRT	8.5B	1.2B	3.38%	9.20%	35.86	7.43	5.48%	-38.69%
SLG	3.3B	892.3M	-0.89%	140.04%	-6.5	3.73	-5.33%	-307.54%
MAC	3.3B	884.1M	-5.40%	54.41%	-12	3.72	2.90%	-314.82%
SMALL-CAP
AAT	1.3B	444.1M	6.11%	16.74%	19.54	3.02	3.54%	8.91%
AIV	1.2B	198.2M	5.61%	1.35%	-7.62	5.71	-43.33%	-270.70%
MFA	1.1B	650.2M	-3.45%	1.92%	35.5	1.67	27.93%	140.31%
NYMT	562.0M	285.4M	-13.60%	-37.59%	-4.08	1.97	11.05%	83.70%
IVR	442.4M	277.9M	3.16%	-10.49%	-27.9	1.59	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-3.9%	161	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
Costs and Expenses	3.5%	132	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
S&GA Expenses	66.2%	8.00	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
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%	21.00	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
Income Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBT Margin	0.2%	0.00*	0.00*	0.00*	0.00*	0.00*	0.00*	0.00*	0.00*	0.00*	0.00*	0.00*	-	-	-	-	-	-	-	-	-	-
Net Income	143.4%	18.00	-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
Net Income Margin	51.8%	-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%	44.00	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-4.9%	5,973	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
Cash Equivalents	-6.9%	21.00	23.00	17.00	14.00	12.00	44.00	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
Liabilities	-11.0%	2,414	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
Long Term Debt	-10.7%	2,277	2,549	-	-	-	-	-	-	-	-	-	-	948	946	1,004	1,009	1,050	986	979	989	991
Shareholder's Equity	-0.2%	3,424	3,431	3,529	3,695	3,705	3,738	3,737	3,682	3,713	3,642	750	747	715	713	608	616	629	620	604	608	617
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 Capital	0.1%	3,754	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
Shares Outstanding	0.2%	225	225	225	225	224	224	222	221	221	109	103	102	-	-	-	-	-	-	-	-	-
Minority Interest	-0.3%	136	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
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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-25.6%	44,057	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
Share Based Compensation	286.4%	3,389	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
Cashflow From Investing	81.3%	255,403	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
Cashflow From Financing	-55.4%	-308,292	-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
Dividend Payments	0.7%	36,149	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
Buy Backs	-	1,598	-	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

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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 revenue	203	239
Total revenue	160,534	161,374
EXPENSES:
Property operating expenses	59,971	59,255
Property management expenses	7,499	6,371
General and administrative expenses	8,381	8,154
Depreciation and amortization expense	53,721	53,536
Casualty losses	2,301	151
Total expenses	131,873	127,467
Interest expense	(20,603)	(22,124)
Gain on sale (loss on impairment) of real estate assets, net	10,530	985
Gain on extinguishment of debt	203	0
Other (loss) income, net	(1)	93
Loss from investments in unconsolidated real estate entities	(829)	(776)
Restructuring costs	0	(3,213)
Net income:	17,961	8,872
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)	224,627,115	224,226,873
Diluted (in shares)	225,226,270	225,088,659

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, net	5,560,296	5,676,452
Real estate held for sale	98,603	296,334
Investments in real estate under development	109,338	98,365
Cash and cash equivalents	21,275	22,852
Restricted cash	20,625	27,880
Investments in unconsolidated real estate entities	89,487	89,044
Other assets	34,379	39,245
Derivative assets	38,845	29,937
Intangible assets, net of accumulated amortization of $0 and $332, respectively	0	66
Total Assets	5,972,848	6,280,175
LIABILITIES AND EQUITY:
Indebtedness, net	2,212,273	2,426,788
Indebtedness associated with real estate held for sale	64,825	122,621
Accounts payable and accrued expenses	83,678	109,074
Accrued interest payable	7,145	7,917
Dividends payable	36,896	36,858
Other liabilities	8,928	9,723
Total Liabilities	2,413,745	2,712,981
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, 225,070,396 and 224,706,731 shares issued and outstanding, including 410,984 and 288,250 unvested restricted common share awards, respectively	2,251	2,247
Additional paid-in capital	3,753,833	3,751,942
Accumulated other comprehensive income	34,501	25,513
Accumulated deficit	(367,015)	(348,405)
Total stockholders’ equity	3,423,570	3,431,297
Noncontrolling interests	135,533	135,897
Total Equity	3,559,103	3,567,194
Total Liabilities and Equity	$ 5,972,848	$ 6,280,175

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 Tue May 07 2024, market cap of Independence Realty Trust Inc is 3.74 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 Tue May 07 2024, IRT's PE ratio (Price to Earnings) is -450.76 and Price to Sales (PS) ratio is 5.67. 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 0.122 (multiply by 100 for percentage) rate of return.