IRT Stock Analysis: Independence Realty Trust | NYSE
REIT - Residential | NYSE, USA | Market Cap: 3.570m USD | 12M Return: -5.8% | US45378A1060 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 53.1M
Qual. Beats: 0
Rev. Trend: 11.6%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Independence Realty Trust (NYSE: IRT) is a Maryland-incorporated real estate investment trust (REIT) that owns and operates multifamily apartment communities across non-gateway U.S. markets. Founded in 2009 and listed in 2013, the company is a member of the S&P 400 MidCap index and falls within the Multi-Family Residential REITs sub-industry.
IRTs strategy targets scale near major employment centers in amenity-rich submarkets with strong school districts and quality retail, aiming to deliver risk-adjusted returns through active portfolio management, operational performance, and shareholder distributions combined with capital appreciation. As a REIT, IRT is structured to benefit from tax rules that require the distribution of the majority of taxable income to shareholders in exchange for pass-through tax treatment.
- Sun Belt rental demand lifts same-store NOI growth
- Rising interest rates pressure REIT cap rate spreads
- Acquisition pipeline expands scale in non-gateway markets
| Net Income: 43.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.17 > 1.0 |
| NWC/Revenue: -9.15% < 20% (prev -124.0%; Δ 114.9% < -1%) |
| CFO/TA 0.05 > 3% & CFO 275.8m > Net Income 43.5m |
| Net Debt (2.42b) to EBITDA (381.7m): 6.34 < 3 |
| Current Ratio: 0.27 > 1.5 & < 3 |
| Outstanding Shares: last quarter (236.0m) vs 12m ago 0.81% < -2% |
| Gross Margin: 1.00% > 18% (prev 58.87%; Δ -57.87% > 0.5%) |
| Asset Turnover: 11.06% > 50% (prev 10.82%; Δ 0.25% > 0%) |
| Interest Coverage Ratio: 1.53 > 6 (EBIT TTM 127.5m / Interest Expense TTM 83.2m) |
| A: -0.01 (Total Current Assets 22.5m - Total Current Liabilities 83.6m) / Total Assets 6.09b |
| B: -0.10 (Retained Earnings -634.7m / Total Assets 6.09b) |
| C: 0.02 (EBIT TTM 127.5m / Avg Total Assets 6.03b) |
| D: 1.29 (Book Value of Equity 3.36b / Total Liabilities 2.60b) |
| Altman-Z'' = 1.09 = BB |
As of October 15, 2026, the stock is trading at USD 14.65 with a total of 2,836,522 shares traded. Over the past week, the price has changed by +1.45%, over one month by -3.32%, over three months by -10.39% and over the past year by -5.79%.
Current recommended Stop Loss: 14.10 (which is 3.8% or 1.8 ATR below the current price).
Independence Realty Trust has received a consensus analysts rating of 4.31. Therefore, it is recommended to buy IRT.
- StrongBuy: 7
- Buy: 3
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 19.3 | 31.5% |
P/E Trailing = 82.0556
P/E Forward = 69.4444
P/S = 5.2716
P/B = 1.0232
P/EG = 4.57
Revenue TTM = 666.8m USD
EBIT TTM = 127.5m USD
EBITDA TTM = 381.7m USD
Long Term Debt = 1.59b USD (from longTermDebt, last quarter)
Short Term Debt = 83.6m USD (from shortTermDebt, last quarter)
Debt = 2.44b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.42b USD (calculated: Debt 2.44b - CCE 22.5m)
Enterprise Value = 5.99b USD (3.57b + Debt 2.44b - CCE 22.5m)
Interest Coverage Ratio = 1.53 (Ebit TTM 127.5m / Interest Expense TTM 83.2m)
EV/FCF = 42.14x (Enterprise Value 5.99b / FCF TTM 142.2m)
FCF Yield = 2.37% (FCF TTM 142.2m / Enterprise Value 5.99b)
FCF Margin = 21.32% (FCF TTM 142.2m / Revenue TTM 666.8m)
Net Margin = 6.52% (Net Income TTM 43.5m / Revenue TTM 666.8m)
Gross Margin = 1.00% ((Revenue TTM 666.8m - Cost of Revenue TTM 660.1m) / Revenue TTM)
Gross Margin QoQ = -20.20% (prev -20.75%)
Tobins Q-Ratio = 0.98 (Enterprise Value 5.99b / Total Assets 6.09b)
Interest Expense / Debt = 3.40% (Interest Expense 83.2m / Debt 2.44b)
Taxrate = 0.0% (0.0 / 57.7m)
NOPAT = 127.5m (EBIT 127.5m * (1 - 0.00%))
Current Ratio = 0.27 (Total Current Assets 22.5m / Total Current Liabilities 83.6m)
Debt / Equity = 0.73 (Debt 2.44b / totalStockholderEquity, last quarter 3.36b)
Debt / EBITDA = 6.34 (Net Debt 2.42b / EBITDA 381.7m)
Debt / FCF = 17.03 (Net Debt 2.42b / FCF TTM 142.2m)
Total Stockholder Equity = 3.42b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.72% (Net Income 43.5m / Total Assets 6.09b)
RoE = 1.27% (Net Income TTM 43.5m / Total Stockholder Equity 3.42b)
RoCE = 2.54% (EBIT 127.5m / Capital Employed (Equity 3.42b + L.T.Debt 1.59b))
RoIC = 2.10% (NOPAT 127.5m / Invested Capital 6.07b)
WACC = 5.18% (E(3.57b)/V(6.01b) * Re(6.39%) + D(2.44b)/V(6.01b) * Rd(3.40%) * (1-Tc(0.0)))
Discount Rate = 6.39% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 87.68 | Cagr: 2.11%
[DCF] Terminal Value 76.67% ; FCFF base≈137.0m ; Y1≈149.0m ; Y5≈185.3m
[DCF] Fair Price = 1.76 (EV 2.84b - Net Debt 2.42b = Equity 414.9m / Shares 235.7m; r=8.35% [WACC [floored]]; 5y FCF grow 10.10% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.35 | # QB: 0
Revenue Correlation: 11.62 | Revenue CAGR: 0.17% | SUE: 0.17 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.05 | Chg30d=+0.00% | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=0.20 | Chg30d=-18.37% | Revisions=+0% | GrowthEPS=-16.7% | GrowthRev=+2.9%
EPS next Year (2027-12-31): EPS=0.12 | Chg30d=-16.31% | Revisions=+50% | GrowthEPS=-37.9% | GrowthRev=+3.1%
[Analyst] Revisions Ratio: +50% (up=3, down=0)