IRT
Independence Realty Trust, Inc.
REIT - Residential
Market Cap$3.89B
5Y Perf.+66.8%
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Stock Comparison
IRT vs AIV
Revenue, margins, valuation, and 5-year total return — side by side.
AIV
Apartment Investment and Management Company
REIT - Residential
Market Cap$596M
5Y Perf.-13.4%
IRT vs AIV — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | IRT | AIV |
|---|---|---|
| Industry | REIT - Residential | REIT - Residential |
| Market Cap | $3.89B | $596M |
| Revenue (TTM) | $662M | $193M |
| Net Income (TTM) | $48M | $554M |
| Gross Margin | 20.2% | 55.2% |
| Operating Margin | 17.5% | 66.3% |
| Forward P/E | 100.7x | 1.1x |
| Total Debt | $2.28B | $0.00 |
| Cash & Equiv. | $48M | $395M |
IRT vs AIV — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
IRT
AIV
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Independence Realty… (IRT) | 100 | 166.8 | +66.8% |
| Apartment Investmen… (AIV) | 100 | 86.6 | -13.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: IRT vs AIV
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: AIV leads in 4 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 and capital preservation and lower volatility. 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 income & stability and growth exposure.
- Dividend streak 4 yrs, beta 0.48, yield 4.0%
- Rev growth 2.8%, EPS growth 41.2%, 3Y rev CAGR 1.5%
- 202.0% 10Y total return vs AIV's 86.9%
Best for: income & stability and growth exposure
AIV
Apartment Investment and Management Company
The Real Estate Income Play
AIV carries the broadest edge in this set and is the clearest fit for value and quality.
- Lower P/E (1.1x vs 100.7x)
- 287.7% margin vs IRT's 7.3%
- -1.6% vs IRT's -11.9%
Best for: value and quality
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | IRT | 2.8% FFO/revenue growth vs AIV's -100.0% |
| Value | AIV | Lower P/E (1.1x vs 100.7x) |
| Quality / Margins | AIV | 287.7% margin vs IRT's 7.3% |
| Stability / Safety | IRT | Beta 0.48 vs AIV's 0.69 |
| Dividends | IRT | 4.0% yield, 4-year raise streak, vs AIV's 69.3% |
| Momentum (1Y) | AIV | -1.6% vs IRT's -11.9% |
| Efficiency (ROA) | AIV | 29.6% ROA vs IRT's 0.8%, ROIC 4.2% vs 1.6% |
IRT vs AIV — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2018
FY 2025
IRT vs AIV — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLAIVLAGGINGIRT
IRTIndependence Realty T…
1leads
AIVApartment Investment …
3leads
6 Total Categories
CATEGORYLEADERvs IRTMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
AIV4/6
Valuation MetricsMultiples, price ratios, and targets
AIV2/3
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
AIV5/8
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
IRT2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
AIV leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
IRT is the larger business by revenue, generating $662M annually — 3.4x AIV's $193M. Profitability is closely matched — net margins range from 2.9% (AIV) to 7.3% (IRT). On growth, IRT holds the edge at +2.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | IRTIndependence Real… | AIVApartment Investm… |
|---|---|---|
| RevenueTrailing 12 months | $662M | $193M |
| EBITDAEarnings before interest/tax | $365M | $186M |
| Net IncomeAfter-tax profit | $48M | $554M |
| Free Cash FlowCash after capex | $139M | -$230M |
| Gross MarginGross profit ÷ Revenue | +20.2% | +55.2% |
| Operating MarginEBIT ÷ Revenue | +17.5% | +66.3% |
| Net MarginNet income ÷ Revenue | +7.3% | +2.9% |
| FCF MarginFCF ÷ Revenue | +21.1% | -119.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.5% | -3.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -101.4% | +25.9% |
AIV leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
AIV leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
At 1.1x trailing earnings, AIV trades at a 98% valuation discount to IRT's 68.8x P/E. On an enterprise value basis, AIV's 2.0x EV/EBITDA is more attractive than IRT's 16.8x.
| Metric | IRTIndependence Real… | AIVApartment Investm… |
|---|---|---|
| Market CapShares × price | $3.9B | $596M |
| Enterprise ValueMkt cap + debt − cash | $6.1B | $201M |
| Trailing P/EPrice ÷ TTM EPS | 68.75x | 1.10x |
| Forward P/EPrice ÷ next-FY EPS est. | 100.67x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 16.80x | 2.01x |
| Price / SalesMarket cap ÷ Revenue | 5.91x | — |
| Price / BookPrice ÷ Book value/share | 1.08x | 1.15x |
| Price / FCFMarket cap ÷ FCF | 26.54x | — |
AIV leads this category, winning 2 of 3 comparable metrics.
Profitability & Efficiency
AIV leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
AIV delivers a 162.9% return on equity — every $100 of shareholder capital generates $163 in annual profit, vs $1 for IRT. On the Piotroski fundamental quality scale (0–9), IRT scores 6/9 vs AIV's 3/9, reflecting solid financial health.
| Metric | IRTIndependence Real… | AIVApartment Investm… |
|---|---|---|
| ROE (TTM)Return on equity | +1.3% | +162.9% |
| ROA (TTM)Return on assets | +0.8% | +29.6% |
| ROICReturn on invested capital | +1.6% | +4.2% |
| ROCEReturn on capital employed | +2.4% | +2.3% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 3 |
| Debt / EquityFinancial leverage | 0.64x | — |
| Net DebtTotal debt minus cash | $2.2B | -$395M |
| Cash & Equiv.Liquid assets | $48M | $395M |
| Total DebtShort + long-term debt | $2.3B | $0 |
| Interest CoverageEBIT ÷ Interest expense | 1.73x | 0.70x |
AIV leads this category, winning 5 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — IRT and AIV each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in AIV five years ago would be worth $12,915 today (with dividends reinvested), compared to $12,187 for IRT. Over the past 12 months, AIV leads with a -1.6% total return vs IRT's -11.9%. The 3-year compound annual growth rate (CAGR) favors IRT at 2.9% vs AIV's 2.2% — a key indicator of consistent wealth creation.
| Metric | IRTIndependence Real… | AIVApartment Investm… |
|---|---|---|
| YTD ReturnYear-to-date | -5.3% | -3.4% |
| 1-Year ReturnPast 12 months | -11.9% | -1.6% |
| 3-Year ReturnCumulative with dividends | +9.0% | +6.8% |
| 5-Year ReturnCumulative with dividends | +21.9% | +29.2% |
| 10-Year ReturnCumulative with dividends | +202.0% | +86.9% |
| CAGR (3Y)Annualised 3-year return | +2.9% | +2.2% |
Evenly matched — IRT and AIV each lead in 3 of 6 comparable metrics.
Risk & Volatility
IRT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
IRT is the less volatile stock with a 0.48 beta — it tends to amplify market swings less than AIV's 0.69 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IRT currently trades 83.7% from its 52-week high vs AIV's 47.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | IRTIndependence Real… | AIVApartment Investm… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.48x | 0.69x |
| 52-Week HighHighest price in past year | $19.71 | $8.87 |
| 52-Week LowLowest price in past year | $14.60 | $3.94 |
| % of 52W HighCurrent price vs 52-week peak | +83.7% | +47.9% |
| RSI (14)Momentum oscillator 0–100 | 64.3 | 51.3 |
| Avg Volume (50D)Average daily shares traded | 2.3M | 3.2M |
IRT leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — IRT and AIV each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates IRT as "Buy" and AIV as "Hold". Consensus price targets imply 135.3% upside for AIV (target: $10) vs 21.7% for IRT (target: $20). For income investors, AIV offers the higher dividend yield at 69.32% vs IRT's 3.99%.
| Metric | IRTIndependence Real… | AIVApartment Investm… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $20.08 | $10.00 |
| # AnalystsCovering analysts | 27 | 3 |
| Dividend YieldAnnual dividend ÷ price | +4.0% | +69.3% |
| Dividend StreakConsecutive years of raises | 4 | 1 |
| Dividend / ShareAnnual DPS | $0.66 | $2.95 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.8% | +0.0% |
Evenly matched — IRT and AIV each lead in 1 of 2 comparable metrics.
Key Takeaway
AIV leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). IRT leads in 1 (Risk & Volatility). 2 tied.
Best OverallApartment Investment and Ma… (AIV)Leads 3 of 6 categories
Loading custom metrics...
IRT vs AIV: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is IRT or AIV 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 -100. 0% for Apartment Investment and Management Company (AIV). Apartment Investment and Management Company (AIV) offers the better valuation at 1. 1x trailing P/E, 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 AIV?
On trailing P/E, Apartment Investment and Management Company (AIV) is the cheapest at 1.
1x versus Independence Realty Trust, Inc. at 68. 8x.
03Which is the better long-term investment — IRT or AIV?
Over the past 5 years, Apartment Investment and Management Company (AIV) delivered a total return of +29.
2%, compared to +21. 9% for Independence Realty Trust, Inc. (IRT). Over 10 years, the gap is even starker: IRT returned +202. 0% versus AIV's +86. 9%. 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 AIV?
By beta (market sensitivity over 5 years), Independence Realty Trust, Inc.
(IRT) is the lower-risk stock at 0. 48β versus Apartment Investment and Management Company's 0. 69β — meaning AIV is approximately 42% more volatile than IRT relative to the S&P 500.
05Which is growing faster — IRT or AIV?
By revenue growth (latest reported year), Independence Realty Trust, Inc.
(IRT) is pulling ahead at 2. 8% versus -100. 0% for Apartment Investment and Management Company (AIV). On earnings-per-share growth, the picture is similar: Apartment Investment and Management Company grew EPS 623. 0% year-over-year, compared to 41. 2% for Independence Realty Trust, Inc.. 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 AIV?
Apartment Investment and Management Company (AIV) is the more profitable company, earning 287.
7% net margin versus 8. 6% for Independence Realty Trust, Inc. — meaning it keeps 287. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AIV leads at 66. 3% versus 18. 4% for IRT. At the gross margin level — before operating expenses — AIV leads at 55. 2%, 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 AIV more undervalued right now?
Analyst consensus price targets imply the most upside for AIV: 135.
3% to $10. 00.
08Which pays a better dividend — IRT or AIV?
All stocks in this comparison pay dividends.
Apartment Investment and Management Company (AIV) offers the highest yield at 69. 3%, versus 4. 0% for Independence Realty Trust, Inc. (IRT).
09Is IRT or AIV better for a retirement portfolio?
For long-horizon retirement investors, Independence Realty Trust, Inc.
(IRT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 48), 4. 0% yield, +202. 0% 10Y return). Both have compounded well over 10 years (IRT: +202. 0%, AIV: +86. 9%), 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 AIV?
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.
In terms of investment character: IRT is a small-cap income-oriented stock; AIV is a small-cap deep-value stock. 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% · AIV: -3.4%)Net Margin>
%
(IRT: 7.3% · AIV: 287.7%)P/E Ratio<
x
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