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Upturn AI Summary - About
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
10/16/2026: IRT (1-star) is currently NOT-A-BUY. Pass it for now.
Independence Realty Trust is a multifamily REIT that owns and operates a portfolio of apartment communities concentrated in high-growth Sunbelt markets. Its business model centers on acquiring and renovating assets to increase rental income and operational efficiency. The company’s core strength lies in its strategic focus on regions with strong demographic trends, which historically supports steady demand. However, investors face risks related to geographic concentration, debt leverage, and the potential for a housing supply glut in its key regions. This stock is best suited for income-focused investors looking for steady dividends, though they should monitor interest rate trends and local market supply data closely.
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 via value-add renovations, though it is limited by the cyclical nature of real estate. |
| Momentum investor | Weak fit | Momentum is typically driven by macro-REIT trends rather than rapid idiosyncratic growth. |
| Value investor | Strong fit | The stock can offer value for investors focused on NAV (Net Asset Value) and long-term rental income. |
| Dividend investor | Strong fit | IRT is suited for those seeking consistent income through regular dividend distributions. |
| Low-risk investor | Mixed fit | Real estate involves inherent leverage and market risks that may not suit the most conservative investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | REIT share prices can fluctuate based on interest rate sentiment. |
| Valuation risk | Medium | Properties may face downward valuation pressure if cap rates expand. |
| Competition risk (Multifamily REIT) | Medium / high | Market supply increases can limit the ability to raise rents. |
| Business quality | Medium | Dependence on regional economic conditions affects asset performance. |
| Dividend income | Medium | Dividends depend on FFO stability and prudent capital allocation. |
| Execution risk | Medium | Renovation programs require disciplined project management to deliver expected returns. |
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 -7.64% | 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 10/16/2026 |
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 3.57B USD | Price to earnings Ratio 82.06 | 1Y Target Price 18.96 |
Price to earnings Ratio 82.06 | 1Y Target Price 18.96 | ||
Volume (30-day avg) 4.1M shares | Beta 0.98 | 52 Weeks Range 14.27 - 17.49 | Updated Date 10/17/2026 |
52 Weeks Range 14.27 - 17.49 | Updated Date 10/17/2026 | ||
Dividends yield (FY) 4.69% | Basic EPS (TTM) 0.18 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Multifamily Rental Operations | Collection of monthly rent from apartment tenants across the portfolio. | Income is primarily generated by recurring rent payments from residents. |
| Property Services | Fees related to property management and ancillary resident services. | The company earns smaller streams of income through the management of its assets. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 82.06 | Forward PE 69.44 | Enterprise Value 5.86B | Price to Sales(TTM) 5.27 |
Enterprise Value 5.86B | Price to Sales(TTM) 5.27 | ||
Enterprise Value to Revenue 8.78 | Enterprise Value to EBITDA 15.35 | Shares Outstanding 235.74M | Shares Floating 233.58M |
Shares Outstanding 235.74M | Shares Floating 233.58M | ||
Percent Insiders 0.68 | Percent Institutions 103.47 |
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.
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