IRT
Independence Realty Trust, Inc.
REIT - Residential
Market Cap$3.89B
5Y Perf.+66.8%
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Stock Comparison
IRT vs CPT
Revenue, margins, valuation, and 5-year total return — side by side.
CPT
Camden Property Trust
REIT - Residential
Market Cap$10.97B
5Y Perf.+14.4%
IRT vs CPT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | IRT | CPT |
|---|---|---|
| Industry | REIT - Residential | REIT - Residential |
| Market Cap | $3.89B | $10.97B |
| Revenue (TTM) | $662M | $1.18B |
| Net Income (TTM) | $48M | $388M |
| Gross Margin | 20.2% | 61.3% |
| Operating Margin | 17.5% | 18.1% |
| Forward P/E | 100.7x | 68.4x |
| Total Debt | $2.28B | $3.90B |
| Cash & Equiv. | $48M | $25M |
IRT vs CPT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
IRT
CPT
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Independence Realty… (IRT) | 100 | 166.8 | +66.8% |
| Camden Property Tru… (CPT) | 100 | 114.4 | +14.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: IRT vs CPT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: CPT leads in 6 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Independence Realty Trust, Inc. is the stronger pick specifically for growth and revenue expansion. As sector peers, any of these can serve as alternatives in the same allocation.
IRT
Independence Realty Trust, Inc.
The Real Estate Income Play
IRT is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 2.8%, EPS growth 41.2%, 3Y rev CAGR 1.5%
- 202.0% 10Y total return vs CPT's 71.7%
- 2.8% FFO/revenue growth vs CPT's 1.9%
Best for: growth exposure and long-term compounding
CPT
Camden Property Trust
The Real Estate Income Play
CPT carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 4 yrs, beta 0.36, yield 4.1%
- Lower volatility, beta 0.36, Low D/E 87.9%, current ratio 0.10x
- Beta 0.36, yield 4.1%, current ratio 0.10x
Best for: income & stability and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | IRT | 2.8% FFO/revenue growth vs CPT's 1.9% |
| Value | CPT | Lower P/E (68.4x vs 100.7x) |
| Quality / Margins | CPT | 32.8% margin vs IRT's 7.3% |
| Stability / Safety | CPT | Beta 0.36 vs IRT's 0.48 |
| Dividends | CPT | 4.1% yield, 4-year raise streak, vs IRT's 4.0% |
| Momentum (1Y) | CPT | -8.6% vs IRT's -11.9% |
| Efficiency (ROA) | CPT | 4.3% ROA vs IRT's 0.8%, ROIC 2.6% vs 1.6% |
IRT vs CPT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2018
FY 2018
IRT vs CPT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLCPTLAGGINGIRT
IRTIndependence Realty T…
1leads
CPTCamden Property Trust
4leads
6 Total Categories
CATEGORYLEADERvs IRTMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
CPT5/6
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
CPT6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
IRT4/6
Risk & VolatilityBeta, volatility, and downside exposure
CPT2/2
Analyst OutlookRatings, price targets, and dividends
CPT1/1
Income & Cash Flow (Last 12 Months)
CPT leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CPT is the larger business by revenue, generating $1.2B annually — 1.8x IRT's $662M. CPT is the more profitable business, keeping 32.8% of every revenue dollar as net income compared to IRT's 7.3%. On growth, IRT holds the edge at +2.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | IRTIndependence Real… | CPTCamden Property T… |
|---|---|---|
| RevenueTrailing 12 months | $662M | $1.2B |
| EBITDAEarnings before interest/tax | $365M | $867M |
| Net IncomeAfter-tax profit | $48M | $388M |
| Free Cash FlowCash after capex | $139M | $714M |
| Gross MarginGross profit ÷ Revenue | +20.2% | +61.3% |
| Operating MarginEBIT ÷ Revenue | +17.5% | +18.1% |
| Net MarginNet income ÷ Revenue | +7.3% | +32.8% |
| FCF MarginFCF ÷ Revenue | +21.1% | +60.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.5% | -100.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -101.4% | +11.1% |
CPT leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
Evenly matched — IRT and CPT each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 29.6x trailing earnings, CPT trades at a 57% valuation discount to IRT's 68.8x P/E. On an enterprise value basis, CPT's 16.5x EV/EBITDA is more attractive than IRT's 16.8x.
| Metric | IRTIndependence Real… | CPTCamden Property T… |
|---|---|---|
| Market CapShares × price | $3.9B | $11.0B |
| Enterprise ValueMkt cap + debt − cash | $6.1B | $14.8B |
| Trailing P/EPrice ÷ TTM EPS | 68.75x | 29.59x |
| Forward P/EPrice ÷ next-FY EPS est. | 100.67x | 68.38x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.27x |
| EV / EBITDAEnterprise value multiple | 16.80x | 16.50x |
| Price / SalesMarket cap ÷ Revenue | 5.91x | 6.97x |
| Price / BookPrice ÷ Book value/share | 1.08x | 2.56x |
| Price / FCFMarket cap ÷ FCF | 26.54x | 28.40x |
Evenly matched — IRT and CPT each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
CPT leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
CPT delivers a 8.7% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $1 for IRT. IRT carries lower financial leverage with a 0.64x debt-to-equity ratio, signaling a more conservative balance sheet compared to CPT's 0.88x. On the Piotroski fundamental quality scale (0–9), CPT scores 7/9 vs IRT's 6/9, reflecting strong financial health.
| Metric | IRTIndependence Real… | CPTCamden Property T… |
|---|---|---|
| ROE (TTM)Return on equity | +1.3% | +8.7% |
| ROA (TTM)Return on assets | +0.8% | +4.3% |
| ROICReturn on invested capital | +1.6% | +2.6% |
| ROCEReturn on capital employed | +2.4% | +3.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 |
| Debt / EquityFinancial leverage | 0.64x | 0.88x |
| Net DebtTotal debt minus cash | $2.2B | $3.9B |
| Cash & Equiv.Liquid assets | $48M | $25M |
| Total DebtShort + long-term debt | $2.3B | $3.9B |
| Interest CoverageEBIT ÷ Interest expense | 1.73x | 3.89x |
CPT leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
IRT leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in IRT five years ago would be worth $12,187 today (with dividends reinvested), compared to $10,538 for CPT. Over the past 12 months, CPT leads with a -8.6% total return vs IRT's -11.9%. The 3-year compound annual growth rate (CAGR) favors IRT at 2.9% vs CPT's 2.0% — a key indicator of consistent wealth creation.
| Metric | IRTIndependence Real… | CPTCamden Property T… |
|---|---|---|
| YTD ReturnYear-to-date | -5.3% | -4.0% |
| 1-Year ReturnPast 12 months | -11.9% | -8.6% |
| 3-Year ReturnCumulative with dividends | +9.0% | +6.1% |
| 5-Year ReturnCumulative with dividends | +21.9% | +5.4% |
| 10-Year ReturnCumulative with dividends | +202.0% | +71.7% |
| CAGR (3Y)Annualised 3-year return | +2.9% | +2.0% |
IRT leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
CPT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CPT is the less volatile stock with a 0.36 beta — it tends to amplify market swings less than IRT's 0.48 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | IRTIndependence Real… | CPTCamden Property T… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.48x | 0.36x |
| 52-Week HighHighest price in past year | $19.71 | $121.33 |
| 52-Week LowLowest price in past year | $14.60 | $96.53 |
| % of 52W HighCurrent price vs 52-week peak | +83.7% | +86.3% |
| RSI (14)Momentum oscillator 0–100 | 64.3 | 55.9 |
| Avg Volume (50D)Average daily shares traded | 2.3M | 986K |
CPT leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
CPT leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates IRT as "Buy" and CPT as "Hold". Consensus price targets imply 21.7% upside for IRT (target: $20) vs 7.4% for CPT (target: $112). For income investors, CPT offers the higher dividend yield at 4.06% vs IRT's 3.99%.
| Metric | IRTIndependence Real… | CPTCamden Property T… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $20.08 | $112.48 |
| # AnalystsCovering analysts | 27 | 41 |
| Dividend YieldAnnual dividend ÷ price | +4.0% | +4.1% |
| Dividend StreakConsecutive years of raises | 4 | 4 |
| Dividend / ShareAnnual DPS | $0.66 | $4.25 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.8% | +2.5% |
CPT leads this category, winning 1 of 1 comparable metric.
Key Takeaway
CPT leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). IRT leads in 1 (Total Returns). 1 tied.
Best OverallCamden Property Trust (CPT)Leads 4 of 6 categories
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IRT vs CPT: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is IRT or CPT a better buy right now?
For growth investors, Independence Realty Trust, Inc.
(IRT) is the stronger pick with 2. 8% revenue growth year-over-year, versus 1. 9% for Camden Property Trust (CPT). Camden Property Trust (CPT) offers the better valuation at 29. 6x trailing P/E (68. 4x forward), making it the more compelling value choice. Analysts rate Independence Realty Trust, Inc. (IRT) a "Buy" — based on 27 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — IRT or CPT?
On trailing P/E, Camden Property Trust (CPT) is the cheapest at 29.
6x versus Independence Realty Trust, Inc. at 68. 8x. On forward P/E, Camden Property Trust is actually cheaper at 68. 4x.
03Which is the better long-term investment — IRT or CPT?
Over the past 5 years, Independence Realty Trust, Inc.
(IRT) delivered a total return of +21. 9%, compared to +5. 4% for Camden Property Trust (CPT). Over 10 years, the gap is even starker: IRT returned +202. 0% versus CPT's +71. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — IRT or CPT?
By beta (market sensitivity over 5 years), Camden Property Trust (CPT) is the lower-risk stock at 0.
36β versus Independence Realty Trust, Inc. 's 0. 48β — meaning IRT is approximately 34% more volatile than CPT relative to the S&P 500. On balance sheet safety, Independence Realty Trust, Inc. (IRT) carries a lower debt/equity ratio of 64% versus 88% for Camden Property Trust — giving it more financial flexibility in a downturn.
05Which is growing faster — IRT or CPT?
By revenue growth (latest reported year), Independence Realty Trust, Inc.
(IRT) is pulling ahead at 2. 8% versus 1. 9% for Camden Property Trust (CPT). On earnings-per-share growth, the picture is similar: Camden Property Trust grew EPS 136. 0% year-over-year, compared to 41. 2% for Independence Realty Trust, Inc.. Over a 3-year CAGR, CPT leads at 3. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — IRT or CPT?
Camden Property Trust (CPT) is the more profitable company, earning 24.
4% net margin versus 8. 6% for Independence Realty Trust, Inc. — meaning it keeps 24. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IRT leads at 18. 4% versus 18. 4% for CPT. At the gross margin level — before operating expenses — CPT leads at 61. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is IRT or CPT more undervalued right now?
On forward earnings alone, Camden Property Trust (CPT) trades at 68.
4x forward P/E versus 100. 7x for Independence Realty Trust, Inc. — 32. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for IRT: 21. 7% to $20. 08.
08Which pays a better dividend — IRT or CPT?
All stocks in this comparison pay dividends.
Camden Property Trust (CPT) offers the highest yield at 4. 1%, versus 4. 0% for Independence Realty Trust, Inc. (IRT).
09Is IRT or CPT better for a retirement portfolio?
For long-horizon retirement investors, Camden Property Trust (CPT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
36), 4. 1% yield). Both have compounded well over 10 years (CPT: +71. 7%, IRT: +202. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between IRT and CPT?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(IRT: 2.5% · CPT: -100.0%)Net Margin>
%
(IRT: 7.3% · CPT: 32.8%)P/E Ratio<
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