(IRT) Independence Realty Trust - Ratings and Ratios
Multifamily Communities, Reit
Dividends
| Dividend Yield | 3.87% |
| Yield on Cost 5y | 5.92% |
| Yield CAGR 5y | 4.34% |
| Payout Consistency | 94.7% |
| Payout Ratio | 3.4% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 23.9% |
| Value at Risk 5%th | 38.0% |
| Relative Tail Risk | -3.43% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.96 |
| Alpha | -28.95 |
| CAGR/Max DD | 0.09 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.335 |
| Beta | 0.591 |
| Beta Downside | 0.705 |
| Drawdowns 3y | |
|---|---|
| Max DD | 36.06% |
| Mean DD | 12.64% |
| Median DD | 13.12% |
Description: IRT Independence Realty Trust November 07, 2025
Independence Realty Trust, Inc. (NYSE: IRT) is an S&P 400 mid-cap REIT that focuses on owning and operating multifamily properties in non-gateway U.S. markets, targeting sub-markets with strong employment hubs, quality schools, and vibrant retail corridors.
The company’s strategy emphasizes scale-building near major job centers while maintaining high-quality amenities to drive occupancy and rent growth. Its core objective is to deliver attractive risk-adjusted returns via disciplined portfolio management, operational efficiency, and consistent capital returns through dividends and appreciation.
Key metrics (as of Q3 2024) include an average occupancy of ~96%, a year-over-year net operating income (NOI) increase of 5.2%, and a weighted-average lease-up cost of roughly 4% of annual rent, indicating efficient cost control. The multifamily sector remains supported by demographic trends-namely, continued household formation among millennials and Gen Z-and a persistent supply shortage in high-demand sub-markets, which together underpin rent-price resilience.
Investors should monitor macro-drivers such as the Federal Reserve’s policy stance (interest-rate levels directly affect REIT financing costs) and regional employment growth rates, as these variables materially influence IRT’s ability to sustain occupancy and rent-growth momentum.
For a deeper quantitative view, you may want to explore ValueRay’s analyst dashboard to compare IRT’s valuation multiples against sector peers.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (22.3m TTM) > 0 and > 6% of Revenue (6% = 39.1m TTM) |
| FCFTA 0.01 (>2.0%) and ΔFCFTA -0.54pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -145.2% (prev -140.5%; Δ -4.76pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.05 (>3.0%) and CFO 285.4m > Net Income 22.3m (YES >=105%, WARN >=100%) |
| Net Debt (-23.3m) to EBITDA (357.4m) ratio: -0.07 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.02 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (239.6m) change vs 12m ago 5.98% (target <= -2.0% for YES) |
| Gross Margin 59.06% (prev 49.85%; Δ 9.21pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 10.83% (prev 10.86%; Δ -0.03pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.52 (EBITDA TTM 357.4m / Interest Expense TTM 78.3m) >= 6 (WARN >= 3) |
Altman Z'' -1.41
| (A) -0.16 = (Total Current Assets 23.3m - Total Current Liabilities 969.9m) / Total Assets 6.09b |
| (B) -0.09 = Retained Earnings (Balance) -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 |
| Total Rating: -1.41 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 54.54
| 1. Piotroski 4.0pt |
| 2. FCF Yield 1.34% |
| 3. FCF Margin 13.00% |
| 4. Debt/Equity 0.67 |
| 5. Debt/Ebitda -0.07 |
| 6. ROIC - WACC (= -3.80)% |
| 7. RoE 0.65% |
| 8. Rev. Trend 48.30% |
| 9. EPS Trend -41.72% |
What is the price of IRT shares?
Over the past week, the price has changed by +1.61%, over one month by +6.69%, over three months by -2.05% and over the past year by -17.64%.
Is IRT a buy, sell or hold?
- Strong Buy: 7
- Buy: 3
- Hold: 4
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the IRT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 20.8 | 22% |
| Analysts Target Price | 20.8 | 22% |
| ValueRay Target Price | 17.3 | 1.3% |
IRT Fundamental Data Overview November 26, 2025
P/E Trailing = 182.8889
P/E Forward = 83.3333
P/S = 6.2102
P/B = 1.1621
P/EG = 4.57
Beta = 1.022
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 shortLongTermDebt, last quarter)
Debt = 2.33b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -23.3m USD (from netDebt column, last quarter)
Enterprise Value = 6.34b USD (4.03b + Debt 2.33b - CCE 23.3m)
Interest Coverage Ratio = 1.52 (Ebit TTM 119.4m / Interest Expense TTM 78.3m)
FCF Yield = 1.34% (FCF TTM 84.7m / Enterprise Value 6.34b)
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 6.34b / Total Assets 6.09b)
Interest Expense / Debt = 0.88% (Interest Expense 20.5m / Debt 2.33b)
Taxrate = 21.0% (US default 21%)
NOPAT = 94.3m (EBIT 119.4m * (1 - 21.00%))
Current Ratio = 0.02 (Total Current Assets 23.3m / Total Current Liabilities 969.9m)
Debt / Equity = 0.67 (Debt 2.33b / totalStockholderEquity, last quarter 3.49b)
Debt / EBITDA = -0.07 (Net Debt -23.3m / EBITDA 357.4m)
Debt / FCF = -0.27 (Net Debt -23.3m / 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 = 1.65% (NOPAT 94.3m / Invested Capital 5.73b)
WACC = 5.44% (E(4.03b)/V(6.37b) * Re(8.19%) + D(2.33b)/V(6.37b) * Rd(0.88%) * (1-Tc(0.21)))
Discount Rate = 8.19% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.30%
[DCF Debug] Terminal Value 76.05% ; FCFE base≈96.7m ; Y1≈86.8m ; Y5≈74.1m
Fair Price DCF = 5.46 (DCF Value 1.31b / Shares Outstanding 239.1m; 5y FCF grow -12.69% → 3.0% )
EPS Correlation: -41.72 | EPS CAGR: -35.59% | SUE: -0.22 | # QB: 0
Revenue Correlation: 48.30 | 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
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle