8-K Announcements
6Apr 29, 2026·SEC
Mar 2, 2026·SEC
Feb 11, 2026·SEC
Independence Realty Trust, Inc. (IRT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Independence Realty Trust, Inc. (IRT) stock price & volume — 10-year historical chart
Independence Realty Trust, Inc. (IRT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Independence Realty Trust, Inc. (IRT) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.26vs $0.03+766.7% | $165Mvs $166M-0.7% |
| Q1 2026 | Feb 11, 2026 | $0.32vs $0.09+271.7% | $167Mvs $170M-1.8% |
| Q4 2025 | Oct 29, 2025 | $0.29vs $0.30-3.3% | $167Mvs $171M-2.2% |
| Q3 2025 | Jul 30, 2025 | $0.28vs $0.28+0.0% | $162Mvs $164M-1.1% |
Independence Realty Trust, Inc. (IRT) competitors in Diversified apartment REITs — business model, growth, and fundamentals comparison
Independence Realty Trust, Inc. (IRT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Independence Realty Trust, Inc. (IRT) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 161.22M | 191.23M | 203.22M | 211.91M | 250.25M | 628.52M | 660.98M | 640.03M | 657.7M | 661.77M |
| Revenue Growth % | 5.1% | 18.62% | 6.27% | 4.27% | 18.1% | 151.16% | 5.16% | -3.17% | 2.76% | 3.23% |
| Property Operating Expenses | 70.72M | 83.33M | 87.29M | 91.47M | 102.79M | 256.31M | 271.41M | 265.51M | 755.75M | 527.77M |
| Net Operating Income (NOI) | 90.49M▲ 0% | 107.91M▲ 19.2% | 115.93M▲ 7.4% | 120.43M▲ 3.9% | 147.46M▲ 22.4% | 372.22M▲ 152.4% | 389.57M▲ 4.7% | 374.52M▼ 3.9% | -98.05M▼ 126.2% | 134.01M▲ 0% |
| NOI Margin % | 56.13% | 56.43% | 57.05% | 56.83% | 58.93% | 59.22% | 58.94% | 58.52% | -14.91% | 20.25% |
| Operating Expenses | 43.73M | 56.04M | 12.74M | 120.43M | 95.52M | 279.11M | 241.73M | 245.1M | -219.28M | 17.99M |
| G&A Expenses | 9.53M | 10.82M | 12.74M | 15.1M | 18.61M | 26.26M | 22.77M | 24.25M | 0 | 19.4M |
| EBITDA | 163.47M | 191.19M | 156M | 112.05M | 128.85M | 345.96M | 366.81M | 350.28M | 364.47M | 365.17M |
| EBITDA Margin % | 101.4% | 99.98% | 76.76% | 52.88% | 51.49% | 55.04% | 55.49% | 54.73% | 55.42% | 55.18% |
| Depreciation & Amortization | 118.04M | 139.36M | 52.81M | 60.69M | 76.91M | 252.85M | 218.97M | 220.85M | 243.24M | 249.15M |
| D&A / Revenue % | 73.22% | 72.88% | 25.99% | 28.64% | 30.73% | 40.23% | 33.13% | 34.51% | 36.98% | 37.65% |
| Operating Income | 45.42M▲ 0% | 51.82M▲ 14.1% | 103.18M▲ 99.1% | 0▼ 100.0% | 51.94M▲ 0% | 93.11M▲ 79.3% | 147.84M▲ 58.8% | 129.43M▼ 12.5% | 121.22M▼ 6.3% | 116.02M▲ 0% |
| Operating Margin % | 28.18% | 27.1% | 50.77% | 0% | 20.76% | 14.81% | 22.37% | 20.22% | 18.43% | 17.53% |
| Interest Expense | 28.7M | 36.01M | 39.23M | 36.49M | 36.4M | 86.95M | 89.92M | 76.14M | 79M | 4M |
| Interest Coverage | 2.10x | 1.74x | 1.28x | 1.41x | 2.25x | 2.39x | 0.80x | 1.70x | 1.73x | - |
| Non-Operating Income | -14.72M | -10.79M | 52.81M | -51.37M | -29.99M | -114.51M | 75.72M | 0 | -15.48M | -13.42M |
| Pretax Income | 31.44M▲ 0% | 26.61M▼ 15.4% | 46.35M▲ 74.2% | 14.88M▼ 67.9% | 45.53M▲ 206.0% | 120.66M▲ 165.0% | -17.81M▼ 114.8% | 40.03M▲ 324.8% | 57.71M▲ 44.1% | 49.05M▲ 0% |
| Pretax Margin % | 19.5% | 13.92% | 22.81% | 7.02% | 18.19% | 19.2% | -2.69% | 6.25% | 8.77% | 7.41% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 30.21M▲ 0% | 26.29M▼ 13.0% | 45.9M▲ 74.6% | 14.77M▼ 67.8% | 44.59M▲ 201.9% | 117.25M▲ 163.0% | -17.23M▼ 114.7% | 39.29M▲ 328.1% | 56.56M▲ 43.9% | 48.14M▲ 0% |
| Net Margin % | 18.74% | 13.75% | 22.58% | 6.97% | 17.82% | 18.65% | -2.61% | 6.14% | 8.6% | 7.27% |
| Net Income Growth % | 408.19% | -12.97% | 74.59% | -67.82% | 201.93% | 162.96% | -114.69% | 328.08% | 43.95% | 60.08% |
| Funds From Operations (FFO) | 148.25M▲ 0% | 165.65M▲ 11.7% | 98.71M▼ 40.4% | 75.45M▼ 23.6% | 121.5M▲ 61.0% | 370.1M▲ 204.6% | 201.74M▼ 45.5% | 260.14M▲ 28.9% | 299.8M▲ 15.2% | 297.28M▲ 0% |
| FFO Margin % | 91.96% | 86.62% | 48.57% | 35.61% | 48.55% | 58.88% | 30.52% | 40.65% | 45.58% | 44.92% |
| FFO Growth % | 39.78% | 11.74% | -40.41% | -23.56% | 61.02% | 204.61% | -45.49% | 28.95% | 15.24% | 72.58% |
| FFO per Share | 2.01 | 1.90 | 1.09 | 0.80 | 1.11 | 1.66 | 0.90 | 1.15 | 1.28 | 1.23 |
| FFO Payout Ratio % | 35.28% | 31.68% | 65.59% | 74.41% | 41.01% | 28.59% | 66.85% | 55.36% | 51.5% | 12.51% |
| EPS (Diluted) | 0.41▲ 0% | 0.30▼ 26.8% | 0.07▼ 75.4% | -0.23▼ 411.7% | 0.07▲ 132.4% | 0.15▲ 101.1% | -0.08▼ 151.2% | 0.17▲ 321.4% | 0.24▲ 41.2% | 0.20▲ 0% |
| EPS Growth % | 315.79% | -26.83% | -75.4% | -411.65% | 132.43% | 101.07% | -151.2% | 321.35% | 41.18% | 53.78% |
| EPS (Basic) | 0.41 | 0.30 | 0.07 | -0.23 | 0.08 | 0.15 | -0.08 | 0.17 | 0.24 | - |
| Diluted Shares Outstanding | 73.6M | 87.38M | 90.42M | 94.69M | 109.83M | 223.12M | 224.41M | 225.58M | 234.75M | 242.37M |
Independence Realty Trust, Inc. (IRT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.45B | 1.66B | 1.66B | 1.73B | 6.51B | 6.53B | 6.28B | 6.06B | 6.02B | 6.1B |
| Asset Growth % | 12.08% | 14.39% | 0.29% | 4.25% | 275.05% | 0.39% | -3.86% | -3.54% | -0.6% | 4.14% |
| Real Estate & Other Assets | 1.43B | 1.56B | 1.65B | 9.69M | 6.3B | 6.37B | 5.84B | 5.81B | 182.29M | -5.93B |
| PP&E (Net) | 1.42B | 1.55B | 0 | 1.71B | 2.92M | 0 | 0 | 0 | 0 | 0 |
| Investment Securities | -1000K | -1000K | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 22.18M | 102.13M | 14.43M | 13.62M | 127.23M | 79.79M | 347.07M | 153.56M | 47.62M | 23.34M |
| Cash & Equivalents | 9.98M | 9.32M | 9.89M | 8.75M | 35.97M | 16.08M | 22.85M | 21.23M | 47.62M | 43.27M |
| Receivables | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 4.63M | 84.01M | 4.54M | 4.86M | 91.26M | 63.71M | 324.21M | 132.34M | 0 | -19.93M |
| Intangible Assets | 1.1M | 744K | 0 | 792K | 53.27M | 0 | 0 | 3.64M | 2.97M | 1.56M |
| Total Liabilities | 804.5M | 1.03B | 1.04B | 1.02B | 2.86B | 2.79B | 2.71B | 2.48B | 2.43B | 2.58B |
| Total Debt | 778.44M | 985.49M | 985.57M | 978.53M | 2.71B | 2.63B | 2.55B | 2.33B | 2.28B | 2.43B |
| Net Debt | 768.46M | 976.17M | 975.68M | 969.78M | 2.67B | 2.62B | 2.53B | 2.31B | 2.23B | 2.39B |
| Long-Term Debt | 775.19M | 980.54M | 801.61M | 974.83M | 2.7B | 1.81B | 1.71B | 1.54B | 1.49B | 2.43B |
| Short-Term Borrowings | 0 | 0 | 183.97M | 694K | 9.04M | 824.83M | 839.46M | 794.72M | 787.52M | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 3M | 0 | 0 | 0 | 0 | 0 | 3.23M |
| Total Current Liabilities | 22.71M | 39.7M | 228.05M | 40.34M | 1.04B | 974.4M | 993.31M | 935.85M | 929.53M | 0 |
| Accounts Payable | 17.22M | 22.82M | 25.4M | 25.42M | 106.33M | 109.68M | 109.07M | 94.67M | 92.36M | 0 |
| Deferred Revenue | 804.5M | -402.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 6.6M | 9.06M | 14.69M | 3.95M | -874.11M | 13M | 9.72M | 8.04M | 8.84M | 144.12M |
| Total Equity | 646.12M▲ 0% | 630.04M▼ 2.5% | 619.76M▼ 1.6% | 712.77M▲ 15.0% | 3.64B▲ 411.0% | 3.74B▲ 2.6% | 3.57B▼ 4.6% | 3.58B▲ 0.2% | 3.59B▲ 0.4% | 3.52B▲ 0% |
| Equity Growth % | 22.21% | -2.49% | -1.63% | 15.01% | 410.97% | 2.63% | -4.57% | 0.22% | 0.4% | 2.69% |
| Shareholders Equity | 624.1M | 623M | 613.28M | 708.06M | 3.48B | 3.6B | 3.43B | 3.44B | 3.46B | 3.39B |
| Minority Interest | 22.02M | 7.05M | 6.48M | 4.71M | 161.31M | 141.2M | 135.9M | 132.8M | 129.49M | 128.48M |
| Common Stock | 846K | 892K | 911K | 1.02M | 2.21M | 2.24M | 2.25M | 2.31M | 2.37M | 2.36M |
| Additional Paid-in Capital | 703.85M | 742.43M | 765.99M | 919.62M | 3.68B | 3.75B | 3.75B | 3.87B | 4.01B | 3.98B |
| Retained Earnings | -85.22M | -122.34M | -141.53M | -178.75M | -188.41M | -191.74M | -348.4M | -454.1M | -555.33M | -595.71M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 2.2% | 1.69% | 2.76% | 0.87% | 1.08% | 1.8% | -0.27% | 0.64% | 0.94% | 0.8% |
| Return on Equity (ROE) | 5.14% | 4.12% | 7.34% | 2.22% | 2.05% | 3.18% | -0.47% | 1.1% | 1.58% | 1.35% |
| Debt / Assets | 53.66% | 59.39% | 59.23% | 56.4% | 41.58% | 40.29% | 40.59% | 38.52% | 37.89% | 39.9% |
| Debt / Equity | 1.20x | 1.56x | 1.59x | 1.37x | 0.74x | 0.70x | 0.71x | 0.65x | 0.64x | 0.64x |
| Net Debt / EBITDA | 4.70x | 5.11x | 6.25x | 8.65x | 20.72x | 7.56x | 6.89x | 6.60x | 6.13x | 6.13x |
| Book Value per Share | 8.78 | 7.21 | 6.85 | 7.53 | 33.16 | 16.75 | 15.90 | 15.85 | 15.29 | 14.53 |
Independence Realty Trust, Inc. (IRT) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 54.32M | 68.53M | 75M | 74.96M | 52.26M | 249.54M | 262.17M | 259.75M | 282.15M | 282.15M |
| Operating CF Growth % | 821.15% | 26.15% | 9.44% | -0.06% | -30.29% | 377.52% | 5.06% | -0.92% | 8.62% | 0.19% |
| Operating CF / Revenue % | 33.7% | 35.84% | 36.91% | 35.37% | 20.88% | 39.7% | 39.66% | 40.58% | 42.9% | 42.64% |
| Net Income | 31.44M | 26.61M | 46.35M | 14.88M | 45.53M | 120.66M | -17.23M | 40.03M | 56.56M | 48.14M |
| Depreciation & Amortization | 34.2M | 45.22M | 52.81M | 60.69M | 76.91M | 252.85M | 218.97M | 220.85M | 243.24M | 249.15M |
| Stock-Based Compensation | 1.97M | 2.52M | 3.12M | 5.56M | 7.23M | 7.89M | 7.66M | 7.08M | 7.88M | 7.69M |
| Other Non-Cash Items | 1.46M | 1.43M | 1.42M | -4.2M | -74.64M | -125.51M | 66.54M | 7.34M | -18.69M | -30.41M |
| Working Capital Changes | -121K | 3.44M | 5.81M | -1.97M | -2.77M | -6.36M | -13.77M | -15.55M | -6.84M | 2.78M |
| Cash from Investing | -190.82M | -229.46M | -106.4M | -124.54M | -216.12M | -135.77M | -1.71M | -20.61M | -142.91M | -219.31M |
| Acquisitions (Net) | 0 | 0 | 60.77M | 0 | -211.12M | -57.39M | 2.15M | -2.58M | 0 | 10.26M |
| Purchase of Investments | -220.25M | -215.83M | -128.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 45.42M | 26.8M | 68.14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -176.46M | -189.03M | -60.77M | -87.14M | 37.97M | 67.36M | 142.77M | 157.04M | -7.29M | -91.77M |
| Cash from Financing | 125.59M | 162.35M | 29.78M | 48.76M | 215.92M | -135.43M | -253.74M | -246.43M | -135.07M | -62.87M |
| Dividends Paid | -52.3M | -52.48M | -64.75M | -56.15M | -49.83M | -105.83M | -134.87M | -144.02M | -154.39M | 37.19M |
| Common Dividends | -52.3M | -52.48M | -64.75M | -56.15M | -49.83M | -105.83M | -134.87M | -144.02M | -154.39M | 37.19M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -3M |
| Share Repurchases | -569K | -354K | -642K | -1.49M | -2.93M | -5.97M | -5.16M | -2.6M | -30M | -62.15M |
| Other Financing | 127.12M | -5.28M | -2.09M | -530K | -27.66M | -7.89M | -3.77M | -6.32M | -7.41M | -151.8M |
| Net Change in Cash | -10.91M▲ 0% | 1.43M▲ 113.1% | -1.61M▼ 213.0% | -818K▲ 49.3% | 52.06M▲ 6463.8% | -21.65M▼ 141.6% | 6.71M▲ 131.0% | -7.28M▼ 208.4% | 4.17M▲ 157.3% | -5.07M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 20.89M | 14.62M | 16.05M | 14.43M | 13.62M | 65.67M | 44.02M | 50.73M | 43.45M | 47.62M |
| Cash at End | 9.98M | 16.05M | 14.43M | 13.62M | 65.67M | 44.02M | 50.73M | 43.45M | 47.62M | 43.27M |
| Free Cash Flow | 39.95M▲ 0% | 28.1M▼ 29.7% | 29.38M▲ 4.5% | 37.56M▲ 27.9% | 9.28M▼ 75.3% | 103.8M▲ 1018.0% | 115.54M▲ 11.3% | 84.69M▼ 26.7% | 146.52M▲ 73.0% | 139.32M▲ 0% |
| FCF Growth % | 319.58% | -29.66% | 4.53% | 27.86% | -75.28% | 1018.03% | 11.31% | -26.7% | 73.01% | 33.82% |
| FCF / Revenue % | 24.78% | 14.7% | 14.46% | 17.72% | 3.71% | 16.51% | 17.48% | 13.23% | 22.28% | 21.05% |
Independence Realty Trust, Inc. (IRT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 2.01 | 1.9 | 1.09 | 0.8 | 1.11 | 1.66 | 0.9 | 1.15 | 1.28 | 1.23 |
| FFO Payout Ratio | 35.28% | 31.68% | 65.59% | 74.41% | 41.01% | 28.59% | 66.85% | 55.36% | 51.5% | 12.51% |
| NOI Margin | 56.13% | 56.43% | 57.05% | 56.83% | 58.93% | 59.22% | 58.94% | 58.52% | -14.91% | 20.25% |
| Net Debt / EBITDA | 4.70x | 5.11x | 6.25x | 8.65x | 20.72x | 7.56x | 6.89x | 6.60x | 6.13x | 6.13x |
| Debt / Assets | 53.66% | 59.39% | 59.23% | 56.4% | 41.58% | 40.29% | 40.59% | 38.52% | 37.89% | 39.9% |
| Interest Coverage | 2.10x | 1.74x | 1.28x | 1.41x | 2.25x | 2.39x | 0.80x | 1.70x | 1.73x | - |
| Book Value / Share | 8.78 | 7.21 | 6.85 | 7.53 | 33.16 | 16.75 | 15.9 | 15.85 | 15.29 | 14.53 |
| Revenue Growth | 5.1% | 18.62% | 6.27% | 4.27% | 18.1% | 151.16% | 5.16% | -3.17% | 2.76% | 3.23% |
Independence Realty Trust, Inc. (IRT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 29, 2026·SEC
Mar 2, 2026·SEC
Feb 11, 2026·SEC
Independence Realty Trust, Inc. (IRT) stock FAQ — growth, dividends, profitability & financials explained
Independence Realty Trust, Inc. (IRT) reported $661.8M in revenue for fiscal year 2025. This represents a 12325752% increase from $0.0M in 2010.
Independence Realty Trust, Inc. (IRT) grew revenue by 2.8% over the past year. Growth has been modest.
Yes, Independence Realty Trust, Inc. (IRT) is profitable, generating $48.1M in net income for fiscal year 2025 (8.6% net margin).
Yes, Independence Realty Trust, Inc. (IRT) pays a dividend with a yield of 3.99%. This makes it attractive for income-focused investors.
Independence Realty Trust, Inc. (IRT) has a return on equity (ROE) of 1.6%. This is below average, suggesting room for improvement.
Independence Realty Trust, Inc. (IRT) generated Funds From Operations (FFO) of $297.3M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Independence Realty Trust, Inc. (IRT) offers a 3.99% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Independence Realty Trust, Inc. (IRT) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates