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StockVS

NYSE · REIT - Residential · USD

Independence Realty Trust, Inc. (IRT) Stock Analysis

Independence Realty Trust, Inc. (IRT) is a REIT - Residential stock listed on NYSE and quoted in US Dollar.

IRT

$16.09

−$0.04 (−0.25%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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IRT Key Statistics

As of Sep 4, 2026
Trading
Open
$16.01
Previous Close
$16.13
Day's Range
15.96–16.28
52-Week Range
14.60–17.99
Volume
1.56M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.94
Valuation
Market Cap
$3.89B
P/E Ratio
89.39
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
100.56
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
5.74
EPS (ttm)Profit attributable to each share over the last twelve months.
0.18
Financials (FY)
Revenue (FY)
$657.70M+2.76%
Net Income (FY)
$56.56M+43.95%
Profit marginThe share of revenue left as profit after all costs and taxes.
6.42%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
235.74M
1-Year Return
−5.60%
Dividend and dates
Dividend
$0.69+4.28%
Ex-Dividend Date
June 26, 2026
Earnings Date
October 28, 2026
Avg Volume
2.81M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

IRT Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−5.89%
2025−8.55%
2024+34.27%
2023−5.58%
2022−32.30%
2021+97.21%
2020+0.28%
2019+62.55%
2018−1.90%
2017+21.74%
2016 (partial year)−3.68%

As of September 4, 2026.

IRT Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$657.70M$56.56M8.6%
2024$640.04M$39.29M6.1%
2023$660.98M−$17.23M−2.6%
2022$628.53M$117.25M18.7%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$657.70M$388.43M$121.23M$56.56M8.6%
2024$640.04M$374.52M$129.43M$39.29M6.1%
2023$660.98M$389.57M$147.84M−$17.23M−2.6%
2022$628.53M$372.22M$93.11M$117.25M18.7%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

IRT Dividend History

$0.67+4.7% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$0.352—
2025$0.674+4.7%
2024$0.644+3.2%
2023$0.624−8.8%
YearDividends per sharePaymentsChange
2026 (partial year)$0.352—
2025$0.674+4.7%
2024$0.644+3.2%
2023$0.624−8.8%
2022$0.685+41.7%
2021$0.485−11.1%
2020$0.544−25.0%
2019$0.724+0.0%
2018$0.724+0.0%
2017$0.7212+200.0%
2016$0.244—

Most recent payment: $0.18 per share, ex-dividend June 26, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

IRT Valuation vs REIT - Residential Median

Median of 23 stocks
MetricIRTREIT - Residential medianvs median
P/E89.3928.683.1x the median
P/S ratio5.746.6514% below
Profit margin6.42%20.86%14.4 pts below

Medians across 23 REIT - Residential stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 12 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Independence Realty Trust, Inc. (IRT) at $3.89B. It is classified in the REIT - Residential industry, within the Real Estate sector. Headcount on file is 904.

Over the past 52 weeks the price has ranged from $14.60 to $17.99. IRT last closed at $16.09 on September 4, 2026. That is −$0.04 (−0.25%) against the previous close. The latest close sits 10.21% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $657.70M. That is +2.76% against the prior fiscal year, when revenue was $640.04M. Net income for the same year was $56.56M. That is +43.95% against the prior fiscal year. The reported profit margin is 6.42%. That is 14.4 percentage points below the REIT - Residential median of 20.86%. Trailing earnings per share are 0.18.

Across the 4 fiscal years on file, revenue moves from $628.53M in 2022 to $657.70M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 89.39. That is 3.1 times the REIT - Residential median of 28.68. The forward P/E on file is 100.56. The price-to-sales ratio is 5.74. On price-to-sales that is 13.69% below the REIT - Residential median of 6.65. The medians here are taken across 23 REIT - Residential companies that report the metric.

Over the trailing twelve months the price has returned −5.60%. Across 10 years the annualized return works out at +10.47%. The reported beta is 0.94. Annualized volatility over the trailing 10 years is 29.78%.

Growth & Income

The trailing dividend yield is 4.28%. At the indicated rate that is $0.69 a share a year. The ex-dividend date on file is June 26, 2026. Dividends are recorded for 11 calendar years; 2026 shows 2 payments totalling $0.35 a share. The year before, 2025, totalled $0.67 a share.

The strongest complete calendar year on file is 2021 at +97.21%; the weakest is 2022 at −32.30%. Of the 9 complete calendar years on file, 5 finished higher. 2026 is still running; the price is −5.89% year to date.

Peer Comparison

Independence Realty Trust, Inc. (IRT) operates in the REIT - Residential industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Independence Realty Trust, Inc. IRT $3.89B 89.4
AvalonBay Communities, Inc. VMRK $50.57B 25.0
AvalonBay Communities Inc AVB $26.28B 25.3
Equity Residential EQR $24.61B 28.7

The REIT - Residential industry average P/E ratio is 28.7x. Independence Realty Trust, Inc. trades at a P/E of 89.4.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Independence Realty Trust, Inc.

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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