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Independence Realty Trust

IRT

Independence Realty Trust Inc. (IRT) is a self-administered and self-managed real estate investment trust (REIT) focused on the ownership and operation of multifamily apartment communities.

Market cap
$3.58B-9.7%
Revenue$661.8M+3.3%
Net income$49.1M+62.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$171.5M
EPS estimate$0.04

Financials

Q1 2026

Income statement

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Revenue$165.3M+2.5%
Net income-$127.0K-101%

Balance sheet

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Cash & equivalents$23.3M-19.7%
Total debt$2.9M+28.3%
Total equity$3.4B-1.8%
Total assets$6.1B+1.9%

Cash flow

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Operating cash flow$55.3M-8.4%

Valuation & ratios

Valuation

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Market cap$3.58B-9.7%
Enterprise value$3.56B-9.8%
P/E72.9×-68.2×
P/S5.4×-0.7×

Profitability

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Net margin7.4%+2.7pp

Returns & leverage

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Return on equity1.4%+0.6pp
Debt / equity0.0×

Competitors

Profile

Independence Realty Trust Inc. (IRT) is a self-administered and self-managed real estate investment trust (REIT) focused on the ownership and operation of multifamily apartment communities. The company specializes in non-gateway U.S. markets across the Southeast and Midwest, utilizing a vertically integrated platform to manage property operations and execute value-add renovation programs. IRT's core strategy involves capital recycling and strategic acquisitions of midrise and garden-style apartments to drive net operating income growth.

Competitive position

IRT is a significant player in non-gateway U.S. markets, leveraging a fully integrated internal management platform to compete with both national REITs and local property owners.

GeographiesUnited States, Southeastern US, Midwestern US
Customer segmentsIndividual Renters, Residential Households
Business modelRental Income, Property Management, Value-Add Real Estate
SuppliersConstruction and Renovation Contractors, Building Material Suppliers, Real Estate Brokers, Financial Institutions and Lenders
CustomersIndividual Residents, Property Buyers (for dispositions)
Listed2013
Employees952.0
CEOScott F. Schaeffer
FilingsSEC EDGAR

FAQ

What is Independence Realty Trust's market cap?
Independence Realty Trust (IRT) has a market capitalization of $3.6B and trades on NYSE.
What is Independence Realty Trust's revenue and profitability?
Independence Realty Trust generated $661.8M in trailing twelve-month revenue with net income of $49.1M, representing a net margin of 7.4%. Gross margin stands at 96.1%. The latest reported period is Q1 2026.
Who are Independence Realty Trust's competitors?
Independence Realty Trust's key competitors include Mid-America Apartment Communities, Inc., Camden Property Trust, Apartment Investment and Management Company, and others. These companies compete in similar markets and product categories.
Who does Independence Realty Trust partner with?
Independence Realty Trust's notable partners include KeyBank National Association, Citigroup Global Markets Inc., RBC Capital Markets, and others.
What subsidiaries does Independence Realty Trust have?
Independence Realty Trust's subsidiaries include Independence Realty Operating Partnership, LP, IRT Management, LLC.
Where is Independence Realty Trust headquartered?
Independence Realty Trust is headquartered in United States of America and employs approximately 952 people. It has been publicly traded since 2013.