(IRT) Independence Realty Trust - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US45378A1060

Stock: Multifamily, Communities, Reit, Portfolio, Distributions

Total Rating 30

Risk 79

Buy Signal -0.82

REIT - Residential » Multi-Family Residential REITs
Age: 12.5y

Market Cap: 4,034m
Avg Trading Vol: 41.5M USD

ATR: 2.23%
Peers RS (IBD): 31.25

EPS (Earnings per Share)

EPS CAGR: -24.28%
EPS Trend: -33.0%

Last SUE: -1.23
Qual. Beats: 0

Revenue

Rev. CAGR: 22.99%
Rev. Trend: 47.9%

Last SUE: -0.61
Qual. Beats: 0

Dividends

Dividend Yield	3.75%
Yield on Cost 5y	5.56%
Yield CAGR 5y	8.69%
Payout Consistency	95.0%
Payout Ratio	3.4%

Risk 5d forecast
Volatility	23.4%
Relative Tail Risk	-2.98%

Reward TTM
Sharpe Ratio	-0.66
Alpha	-23.19

Character TTM
Beta	0.567
Beta Downside	0.691

Drawdowns 3y
Max DD	35.66%
CAGR/Max DD	-0.03

Description: IRT Independence Realty Trust January 10, 2026

Independence Realty Trust, Inc. (NYSE: IRT) is an S&P 400 mid-cap REIT that owns and operates multifamily communities primarily in non-gateway U.S. markets, targeting sub-markets with strong employment centers, good schools, and quality retail amenities.

Key operating metrics as of Q4 2024 show an occupancy rate of roughly 95 % and an average rent growth of about 5 % year-over-year, while funds from operations (FFO) grew 6 % YoY, supporting a dividend yield near 5.2 % and a payout ratio of ~80 %.

Sector-level drivers include continued demographic migration to secondary cities, a modest but rising supply pipeline of new units (≈2 % net new inventory annually), and sensitivity to interest-rate movements-higher rates can pressure cap rates and borrowing costs, but also improve the REIT’s leverage profile if managed prudently.

For a deeper quantitative breakdown, ValueRay’s platform can help you track IRT’s performance trends and peer benchmarks.

Piotroski VR‑10 (Strict, 0-10) 2.0

Net Income: 22.3m TTM > 0 and > 6% of Revenue
FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.54 > 1.0
NWC/Revenue: -124.5% < 20% (prev -140.5%; Δ 15.92% < -1%)
CFO/TA 0.05 > 3% & CFO 285.4m > Net Income 22.3m
Net Debt (2.27b) to EBITDA (357.4m): 6.36 < 3
Current Ratio: 0.16 > 1.5 & < 3
Outstanding Shares: last quarter (239.6m) vs 12m ago 5.98% < -2%
Gross Margin: 59.06% > 18% (prev 0.50%; Δ 5856 % > 0.5%)
Asset Turnover: 10.83% > 50% (prev 10.86%; Δ -0.03% > 0%)
Interest Coverage Ratio: 1.52 > 6 (EBITDA TTM 357.4m / Interest Expense TTM 78.3m)

Altman Z'' -1.26

A: -0.13 (Total Current Assets 158.1m - Total Current Liabilities 969.9m) / Total Assets 6.09b
B: -0.09 (Retained Earnings -548.3m / Total Assets 6.09b)
C: 0.02 (EBIT TTM 119.4m / Avg Total Assets 6.02b)
D: -0.22 (Book Value of Equity -536.8m / Total Liabilities 2.48b)
Altman-Z'' Score: -1.26 = CCC

What is the price of IRT shares?

As of February 07, 2026, the stock is trading at USD 16.60 with a total of 3,368,880 shares traded.
Over the past week, the price has changed by -0.60%, over one month by -4.76%, over three months by +4.95% and over the past year by -13.28%.

Is IRT a buy, sell or hold?

Independence Realty Trust has received a consensus analysts rating of 4.21. Therefore, it is recommended to buy IRT.

StrongBuy: 7
Buy: 3
Hold: 4
Sell: 0
StrongSell: 0

What are the forecasts/targets for the IRT price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	20.8	25.4%
Analysts Target Price	20.8	25.4%
ValueRay Target Price	17	2.2%

IRT Fundamental Data Overview February 03, 2026

P/E Trailing = 182.8889
P/E Forward = 82.6446
P/S = 6.1733
P/B = 1.1457
P/EG = 4.57
Revenue TTM = 651.9m USD
EBIT TTM = 119.4m USD
EBITDA TTM = 357.4m USD
Long Term Debt = 1.50b USD (from longTermDebt, last quarter)
Short Term Debt = 798.5m USD (from shortTermDebt, last quarter)
Debt = 2.30b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.27b USD (from netDebt column, last quarter)
Enterprise Value = 6.31b USD (4.03b + Debt 2.30b - CCE 23.3m)
Interest Coverage Ratio = 1.52 (Ebit TTM 119.4m / Interest Expense TTM 78.3m)
EV/FCF = 74.42x (Enterprise Value 6.31b / FCF TTM 84.7m)
FCF Yield = 1.34% (FCF TTM 84.7m / Enterprise Value 6.31b)
FCF Margin = 13.00% (FCF TTM 84.7m / Revenue TTM 651.9m)
Net Margin = 3.42% (Net Income TTM 22.3m / Revenue TTM 651.9m)
Gross Margin = 59.06% ((Revenue TTM 651.9m - Cost of Revenue TTM 266.9m) / Revenue TTM)
Gross Margin QoQ = 58.36% (prev 57.67%)
Tobins Q-Ratio = 1.04 (Enterprise Value 6.31b / Total Assets 6.09b)
Interest Expense / Debt = 0.89% (Interest Expense 20.5m / Debt 2.30b)
Taxrate = 0.0% (0.0 / 7.00m)
NOPAT = 119.4m (EBIT 119.4m * (1 - 0.00%))
Current Ratio = 0.16 (Total Current Assets 158.1m / Total Current Liabilities 969.9m)
Debt / Equity = 0.66 (Debt 2.30b / totalStockholderEquity, last quarter 3.49b)
Debt / EBITDA = 6.36 (Net Debt 2.27b / EBITDA 357.4m)
Debt / FCF = 26.82 (Net Debt 2.27b / FCF TTM 84.7m)
Total Stockholder Equity = 3.45b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.37% (Net Income 22.3m / Total Assets 6.09b)
RoE = 0.65% (Net Income TTM 22.3m / Total Stockholder Equity 3.45b)
RoCE = 2.41% (EBIT 119.4m / Capital Employed (Equity 3.45b + L.T.Debt 1.50b))
RoIC = 2.08% (NOPAT 119.4m / Invested Capital 5.73b)
WACC = 5.43% (E(4.03b)/V(6.33b) * Re(8.01%) + D(2.30b)/V(6.33b) * Rd(0.89%) * (1-Tc(0.0)))
Discount Rate = 8.01% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.30%
[DCF Debug] Terminal Value 85.18% ; FCFF base≈96.7m ; Y1≈86.8m ; Y5≈74.0m
Fair Price DCF = N/A (negative equity: EV 2.24b - Net Debt 2.27b = -36.9m; debt exceeds intrinsic value)
EPS Correlation: -32.96 | EPS CAGR: -24.28% | SUE: -1.23 | # QB: 0
Revenue Correlation: 47.90 | Revenue CAGR: 22.99% | SUE: -0.61 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.04 | Chg30d=-0.006 | Revisions Net=-1 | Analysts=5
EPS next Year (2026-12-31): EPS=0.23 | Chg30d=-0.027 | Revisions Net=+1 | Growth EPS=+21.0% | Growth Revenue=+4.9%

Additional Sources for IRT Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle