IRT official logo IRT
IRT 1-star rating from Upturn Advisory
Independence Realty Trust Inc (IRT) company logo

Independence Realty Trust Inc (IRT)

Independence Realty Trust Inc (IRT) 1-star rating from Upturn Advisory
$17.08
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PASS
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Upturn Advisory Summary

11/26/2025: IRT (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

3 star rating from financial analysts

14 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $20.82

1 Year Target Price $20.82

Analysts Price Target For last 52 week
$20.82 Target price
52w Low $15.07
Current$17.08
52w High $21.33

Analysis of Past Performance

Type Stock
Historic Profit -2.61%
Avg. Invested days 52
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/26/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 4.03B USD
Price to earnings Ratio 182.89
1Y Target Price 20.82
Price to earnings Ratio 182.89
1Y Target Price 20.82
Volume (30-day avg) 14
Beta 1.02
52 Weeks Range 15.07 - 21.33
Updated Date 11/14/2025
52 Weeks Range 15.07 - 21.33
Updated Date 11/14/2025
Dividends yield (FY) 3.99%
Basic EPS (TTM) 0.09

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Earnings Date

Report Date 2025-10-29
When After Market
Estimate 0.06
Actual 0.0442

Profitability

Profit Margin 3.36%
Operating Margin (TTM) 23.01%

Management Effectiveness

Return on Assets (TTM) 1.39%
Return on Equity (TTM) 0.64%

Valuation

Trailing PE 182.89
Forward PE 82.64
Enterprise Value 6354570602
Price to Sales(TTM) 6.31
Enterprise Value 6354570602
Price to Sales(TTM) 6.31
Enterprise Value to Revenue 9.65
Enterprise Value to EBITDA 18.56
Shares Outstanding 239112982
Shares Floating 237160921
Shares Outstanding 239112982
Shares Floating 237160921
Percent Insiders 0.61
Percent Institutions 99.35

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Independence Realty Trust Inc

Independence Realty Trust Inc(IRT) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

Independence Realty Trust, Inc. (IRT) was founded in 2011, focusing on the acquisition and management of multifamily properties. Initially externally managed, it internalized management in 2012. Key milestones include significant portfolio expansion through acquisitions and strategic dispositions.

Company business area logo Core Business Areas

  • Multifamily Properties: Owns, operates, and acquires multifamily apartment communities primarily in the Sunbelt and Midwest regions of the United States.

leadership logo Leadership and Structure

Scott Schaeffer is the Chairman and CEO. The company has a board of directors and operates with a typical corporate structure for a REIT.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • Apartment Rentals: Primary revenue source, renting apartment units within their owned properties. Market share varies by region; IRT focuses on specific Sunbelt and Midwest markets. Competitors include Mid-America Apartment Communities (MAA) and Camden Property Trust (CPT).

Market Dynamics

industry overview logo Industry Overview

The multifamily housing market is currently experiencing increased demand and supply due to demographic shifts and urbanization, especially in the Sunbelt region. Interest rates and economic growth significantly impact the sector.

Positioning

IRT is a mid-sized REIT focusing on Class B multifamily properties in growing Sunbelt and Midwest markets. Its competitive advantage lies in market selection and operational efficiencies.

Total Addressable Market (TAM)

The total US multifamily rental market is estimated at over $1.5 trillion. IRT's TAM is concentrated within its target geographic regions, estimated to be a smaller fraction of this total. IRT is positioned to capture revenue within specific growing markets.

Upturn SWOT Analysis

Strengths

  • Strategic focus on high-growth Sunbelt and Midwest markets
  • Experienced management team
  • Operational efficiencies in property management
  • Strong occupancy rates in target markets

Weaknesses

  • Relatively smaller market capitalization compared to larger REITs
  • Sensitivity to interest rate fluctuations
  • Concentration in specific geographic regions increases risk
  • Dependence on rental income

Opportunities

  • Further expansion in target markets through acquisitions
  • Renovation and repositioning of existing properties to increase rental income
  • Capitalizing on demographic trends favoring rental housing
  • Technological advancements in property management

Threats

  • Economic downturn impacting rental demand
  • Increased competition from new multifamily developments
  • Rising interest rates increasing borrowing costs
  • Property damage from natural disasters

Competitors and Market Share

Key competitor logo Key Competitors

  • MAA
  • CPT
  • AVB
  • EQR

Competitive Landscape

IRT is a smaller REIT compared to MAA and CPT. Its advantage lies in market selection within the Sunbelt and Midwest regions. Competition is intense for property acquisitions.

Major Acquisitions

Trade Street Residential Inc.

  • Year: 2016
  • Acquisition Price (USD millions): 391
  • Strategic Rationale: Expanded IRT's portfolio and market presence in the Sunbelt region.

Growth Trajectory and Initiatives

Historical Growth: IRT has grown through acquisitions and organic rental income growth.

Future Projections: Analyst estimates vary depending on market conditions and IRT's acquisition strategy.

Recent Initiatives: Recent initiatives include property acquisitions and renovations to increase asset value.

Summary

Independence Realty Trust is a mid-sized REIT with a focus on the growing Sunbelt and Midwest multifamily markets. While smaller than its peers, its targeted approach and operational efficiencies have driven growth. Rising interest rates and increased competition present challenges, but strategic acquisitions and renovations offer opportunities. Overall, IRT's long-term success depends on its ability to navigate market fluctuations and maintain occupancy rates in its chosen markets.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company SEC Filings (10-K, 10-Q)
  • Company Investor Relations
  • Analyst Reports
  • Industry Reports (e.g., National Multifamily Housing Council)

Disclaimers:

This analysis is based on publicly available information and analyst estimates. It is not financial advice. Investment decisions should be made after consulting with a qualified financial advisor.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

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About Independence Realty Trust Inc

Exchange NYSE
Headquaters Philadelphia, PA, United States
IPO Launch date 2013-08-13
CEO & Chairman Mr. Scott F. Schaeffer
Sector Real Estate
Industry REIT - Residential
Full time employees 917
Full time employees 917

Independence Realty Trust, Inc. (NYSE: IRT), an S&P 400 MidCap Company, is a real estate investment trust ("REIT") that owns and operates multifamily communities, across non-gateway U.S. markets. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT's main objective is to provide attractive risk-adjusted returns to shareholders through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.