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Independence Realty Trust Inc (IRT)

US · Real Estate · REIT - Residential

$14.77+0.48%
Last close · 2026-10-16

Latest quarter · ended 2026-06-30

Revenue
$167.2M
Revenue YoY
+3.1%
Net profit
$3.4M
Profit YoY
-57.9%
EPS
$0.28
EPS estimate
$0.27
Net margin
2.0%

EPS came in at 0.28 against a street estimate of 0.27 — a beat of 3.7%.

Key statistics

Market cap
$3.59B
P/E
82.5
Forward P/E
69.4
P/B
1.02
Book value
$14.28
EPS (TTM)
$0.18
Dividend yield
4.66%
52-week high
$17.49
52-week low
$14.27
50-day MA
$15.75
200-day MA
$16.25
Beta
0.98

Analyst view

Analysts rate Independence Realty Trust Inc a buy (10 buy, 3 hold, 0 sell out of 13) with an average price target of $19.27.

From the latest earnings call · 2026-08-04

CONFIDENT IRT delivered Q2 FFO of $0.28, beating guidance. Same-store NOI raised to 1.5%. New lease spreads turned slightly positive in August. WiFi revenue ahead of plan. Value-add program ramping to 2,500 units. Q2 2026 7 of 10 largest markets positive in Q2; 11 positive in July; 13 positive in August (with 65% of leases signed). Strongest improvement in Sunbelt and West from sequential declines. Analysts pressed on concession depth by market (Atlanta showing sharpest improvement), sustainability of positive lease spreads into Q3 (management cautious, assumes modest reversion), and value-add scaling mechanics. Management confident on turnaround efficiency enabling volume growth without occupancy drag. 2026-08-04…

Full summary in the app.

Shareholding

Insiders
0.68%
Institutions
103.40%

Largest institutional holders

FundStake
BlackRock Inc15.20%
Vanguard Portfolio Management, LLC9.19%
State Street Corp5.47%
Vanguard Capital Management, LLC4.47%
AllianceBernstein L.P.3.34%
Prudential Financial Inc3.32%
Geode Capital Management, LLC2.95%
T. Rowe Price Investment Management,Inc.2.73%

Recent filings & reports

DocumentDate
Reg FD disclosure · Q3 2026
INDEPENDENCE REALTY TRUST, INC. - FORM 8-K SUMMARY HEADLINE NUMBERS • Company: Independence Realty Trust, Inc. (Ticker: IRT, traded on NYSE) • Filin
2026-09-24
Material agreement · Q3 2026
INDEPENDENCE REALTY TRUST, INC. – 8-K SUMMARY HEADLINE NUMBERS • Document date: September 22, 2026 • Company: Independence Realty Trust, Inc. (ticke
2026-09-23
Material agreement · Q3 2026
INDEPENDENCE REALTY TRUST, INC. – FORM 8-K SUMMARY Date of Report: September 8, 2026 --- HEADLINE NUMBERS • Merger Exchange Ratio: 3.800 – Each CSR
2026-09-09
Quarterly report · Q2 2026
INDEPENDENCE REALTY TRUST, INC. – 10-Q SUMMARY (Q2 2026) HEADLINE NUMBERS • Total Assets: $6,091,687 thousand as of June 30, 2026 (vs. $6,021,750 th
2026-08-04
Results announced · Q3 2026
INDEPENDENCE REALTY TRUST, INC. - Q2 2026 EARNINGS SUMMARY HEADLINE NUMBERS • Q2 2026 EPS: $0.01 per diluted share (down from $0.03 in Q2 2025) • Q2
2026-08-03
Current report · Q2 2026
INDEPENDENCE REALTY TRUST, INC. — FORM 8-K SUMMARY OTHER NOTABLE POINTS • Company Identity: Independence Realty Trust, Inc. (ticker: IRT) is a Maryl
2026-06-12
Reg FD disclosure · Q2 2026
INDEPENDENCE REALTY TRUST, INC. (IRT) - 8-K FILING SUMMARY HEADLINE NUMBERS • No specific financial metrics provided in the main 8-K document itself
2026-06-01
Shareholder vote results · Q2 2026
INDEPENDENCE REALTY TRUST, INC. (IRT) – 8-K SUMMARY BUSINESS & SEGMENT HIGHLIGHTS • Company held its 2026 Annual Meeting of Stockholders on May 13,
2026-05-13

Readable in the app.

Corporate actions

ActionDetailDate
Dividend$0.18 / share
ex-date Sep 30, 2026 · pay Oct 23, 2026
2026-09-30
Dividend$0.18 / share
ex-date Jun 26, 2026 · pay Jul 17, 2026
2026-06-26
Dividend$0.17 / share
ex-date Mar 27, 2026 · pay Apr 17, 2026
2026-03-27
Dividend$0.17 / share
ex-date Dec 31, 2025 · pay Jan 23, 2026
2025-12-31
Dividend$0.17 / share
ex-date Sep 30, 2025 · pay Oct 24, 2025
2025-09-30

Deals & corporate news

AnnouncementDate
Amendment to merger agreement structure modification between parties
Independence Realty Trust is amending its merger agreement with Centerspace, a real estate investment trust. The amendment, dated September 22, 2026, modifies the structure of how the merger
2026-09-23
Agreement and Plan of Merger with another real estate company
Independence Realty Trust, Inc. agreed to merge with CenterSpace in a stock-for-stock combination announced September 8, 2026. Under the merger structure, Independence's subsidiary will merg
2026-09-09
Acquired two multifamily communities in Orlando for $155 million
Independence Realty Trust (IRT), a multifamily apartment REIT, reported Q3 2025 results that met expectations. Key metrics: EPS of $0.03 (down from $0.05 year-over-year), CFFO per share of $
2025-10-29

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Data updated 2026-10-19.