What is Independence Realty Trust's market cap?

Independence Realty Trust (IRT) has a market capitalization of $3.9B 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%. These figures are based on the Q1 2026 filing.

Who are Independence Realty Trust's competitors?

Independence Realty Trust's key competitors include Equity Residential, Mid-America Apartment Communities, Inc., Camden Property Trust, 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.

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

$3.93B-1.8%

Revenue$661.8M+3.3%

Net income$49.1M+62.2%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 29, 2026

Revenue$165.2MMiss by $1.1M EPS$0.26Beat by $0.23

Read the full report

Next report

Aug 3, 2026 (In 4 days)

Revenue estimate$166.9M

EPS estimate$0.03

Financials

Q1 2026

Income statement

See full

Revenue$165.3M+2.5%

Net income-$127.0K-101%

Balance sheet

See full

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

See full

Operating cash flow$55.3M-8.4%

Valuation & ratios

Valuation

See full

Market cap$3.93B-1.8%

Enterprise value$3.91B-4.0%

P/E80.2×-65.8×

P/S5.9×-0.4×

Profitability

See full

Net margin7.4%+2.7pp

Returns & leverage

See full

Return on equity1.4%+0.6pp

Debt / equity0×0.0×

Competitors

By market cap

Equity Residential$25.5B-0.9%

Essex Property Trust$18.9B+1.1%

Mid-America Apartment Communities$15.8B-11.5%

Camden Property Trust$11.4B-7.0%

Independence Realty Trust$3.9B-4.0%

Centerspace$941.1M-1.5%

Apartment Investment and Management$375.5M-69.4%

American Realty Investors$240.8M+12.6%

By revenue growth

Camden Property Trust+51.3%

Independence Realty Trust+3.3%

Centerspace+3.1%

Equity Residential+2.8%

Mid-America Apartment Communities+0.8%

By net margin

Camden Property Trust3,074.46%+1,657pp

Equity Residential30.85%-2.4pp

Mid-America Apartment Communities17.6%-8.1pp

Centerspace11.14%+11.9pp

Independence Realty Trust7.41%+2.7pp

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)

CountryUnited States of America

Listed2013

Employees952.0

CEOScott F. Schaeffer

SectorReal Estate

IndustryREIT - Residential

Websiteirtliving.com

FilingsSEC EDGAR

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Questions, answered.

What is Independence Realty Trust's market cap?: Independence Realty Trust (IRT) has a market capitalization of $3.9B 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%. These figures are based on the Q1 2026 filing.
Who are Independence Realty Trust's competitors?: Independence Realty Trust's key competitors include Equity Residential, Mid-America Apartment Communities, Inc., Camden Property Trust, 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.