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Independence Realty Trust Inc(IRT)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for IRT
09/17/2026: IRT (1-star) is currently NOT-A-BUY. Pass it for now.
Independence Realty Trust is a multifamily REIT that manages a portfolio of residential properties, primarily concentrated in high-growth Sun Belt markets. The company's main strength lies in its scale, achieved through strategic acquisitions like the Steadfast merger, and an internalized management team focused on unit renovations to drive organic revenue growth. Its investment story revolves around capturing demographic migration trends within US suburban markets. Key risks include exposure to interest rate volatility, competitive supply levels in its core markets, and the capital-intensive nature of maintaining rental assets. This stock is generally suitable for income-focused investors looking for exposure to the residential rental market through a dividend-paying entity.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers growth potential through renovation, though it is limited by the cyclical nature of real estate. |
| Momentum investor | Weak fit | Real estate stocks often trade on macro interest rate news rather than short-term price momentum. |
| Value investor | Mixed fit | Valuation depends heavily on net asset value (NAV) calculations relative to market price. |
| Dividend investor | Strong fit | The company focuses on providing a consistent dividend yield, which is a primary draw for income-focused investors. |
| Low-risk investor | Mixed fit | While housing is essential, REITs carry risks related to leverage and interest rate sensitivity. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | Real estate prices fluctuate based on interest rate expectations and economic outlooks. |
| Valuation risk | Medium | REIT premiums to Net Asset Value can fluctuate, impacting the perceived value of the stock. |
| Competition risk (Multifamily Supply) | Medium / high | New apartment supply in key markets can limit the company's ability to raise rents. |
| Business quality | Medium | Operational success depends on effective management and location selection in the Sun Belt. |
| Dividend income | Medium | Dividend sustainability is tied to FFO, which can be impacted by vacancy and operational costs. |
| Execution risk | Medium | The company must execute its renovation programs efficiently to realize expected returns on investment. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit -6.64% | Avg. Invested days 56 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/17/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.61B USD | Price to earnings Ratio 83 | 1Y Target Price 19.35 |
Price to earnings Ratio 83 | 1Y Target Price 19.35 | ||
Volume (30-day avg) 3.1M shares | Beta 0.94 | 52 Weeks Range 14.44 - 17.70 | Updated Date 09/17/2026 |
52 Weeks Range 14.44 - 17.70 | Updated Date 09/17/2026 | ||
Dividends yield (FY) 4.55% | Basic EPS (TTM) 0.18 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Multifamily Leasing | Rental income from apartment units across various US states. | The company generates cash primarily by collecting monthly rent from its residential tenants. |
| Property Services | Ancillary fees, such as parking, pet fees, and utility reimbursements. | Supplemental fees from residents help diversify the core rental revenue stream. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 83 | Forward PE 72.46 | Enterprise Value 5.94B | Price to Sales(TTM) 5.33 |
Enterprise Value 5.94B | Price to Sales(TTM) 5.33 | ||
Enterprise Value to Revenue 8.99 | Enterprise Value to EBITDA 15.71 | Shares Outstanding 235.71M | Shares Floating 233.58M |
Shares Outstanding 235.71M | Shares Floating 233.58M | ||
Percent Insiders 0.68 | Percent Institutions 103.82 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Independence Realty Trust Inc
Exchange NYSE | Headquarters 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 904 | Website https://www.irtliving.com |
Full time employees 904 | Website https://www.irtliving.com | ||
Independence Realty Trust, Inc., an S&P 400 MidCap Company, is a real estate investment trust 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 investment 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. Independence Realty Trust, Inc. was established in 2009 and is incorporated in Maryland.
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