IRT
Company Description
Independence Realty Trust (IRT), publicly traded as NYSE: IRT, operates as a real estate investment trust specializing in owning and managing multifamily apartment communities. Their portfolio is concentrated in non-gateway U.S. markets such as Atlanta, Louisville, Memphis, and Raleigh. The company's strategy involves establishing a strong presence in select, amenity-rich submarkets, which are identified by features like excellent school systems, quality retail establishments, and significant employment hubs. Ultimately, IRT seeks to deliver appealing risk-adjusted returns to its shareholders. This is accomplished through meticulous portfolio oversight, robust operational execution, and a reliable return on capital, generated via both dividend distributions and asset value appreciation.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 657.70M | 640.03M | 660.98M | 628.52M | 250.25M | 211.91M | 203.22M | 191.23M | 161.22M | 153.39M | 109.58M | 49.20M |
| Net Income | 56.56M | 39.29M | (17.23M) | 117.25M | 44.59M | 14.77M | 45.90M | 26.29M | 30.21M | (9.80M) | 28.24M | 2.94M |
| EPS | 0.24 | 0.17 | -0.08 | 0.15 | 0.08 | -0.23 | 0.07 | 0.30 | 0.41 | -0.19 | 0.78 | 0.14 |
| Free Cash Flow | 146.52M | 84.69M | 115.54M | 103.80M | 9.28M | 37.56M | 29.38M | 28.10M | 39.95M | (18.20M) | 9.78M | 11.57M |
| FCF / Share | 0.63 | 0.38 | 0.51 | 0.47 | 0.09 | 0.40 | 0.33 | 0.32 | 0.54 | -0.35 | 0.27 | 0.54 |
| Operating CF | 282.15M | 259.75M | 262.17M | 249.54M | 52.26M | 74.96M | 75.00M | 68.53M | 54.32M | (7.53M) | 18.73M | 15.72M |
| Total Assets | 6.02B | 6.06B | 6.28B | 6.53B | 6.51B | 1.73B | 1.66B | 1.66B | 1.45B | 1.29B | 1.39B | 694.15M |
| Total Debt | 2.28B | 2.33B | 2.55B | 2.63B | 2.71B | 978.53M | 985.57M | 985.49M | 778.44M | 743.82M | 975.84M | 418.90M |
| Cash & Equiv | 47.62M | 21.23M | 22.85M | 16.08M | 35.97M | 8.75M | 9.89M | 9.32M | 9.98M | 20.89M | 38.30M | 14.76M |
| Book Value | 3.46B | 3.44B | 3.43B | 3.60B | 3.48B | 708.06M | 613.28M | 623.00M | 624.10M | 506.82M | 364.15M | 251.27M |
| Return on Equity | 0.02 | 0.01 | -0.01 | 0.03 | 0.01 | 0.02 | 0.07 | 0.04 | 0.05 | -0.02 | 0.08 | 0.01 |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 165.32M | 167.13M | 167.14M | 162.19M | 161.24M | 161.31M | 160.13M | 158.40M | 160.53M | 167.05M | 168.61M | 163.96M |
| Net Income | (68,000) | 33.27M | 6.89M | 8.05M | 8.35M | (1.00M) | 12.37M | 10.35M | 17.58M | (40.52M) | 3.93M | 10.71M |
| EPS | -0.00 | 0.14 | 0.03 | 0.03 | 0.04 | -0.00 | 0.06 | 0.05 | 0.08 | -0.18 | 0.02 | 0.05 |
| Free Cash Flow | 31.71M | 42.21M | 27.62M | 50.02M | 38.91M | (19.57M) | 59.76M | 25.00M | 5.40M | 24.42M | 61.71M | 42.06M |
| FCF / Share | 0.13 | 0.17 | 0.12 | 0.21 | 0.17 | -0.09 | 0.27 | 0.11 | 0.02 | 0.11 | 0.27 | 0.19 |
| Operating CF | 55.32M | 60.19M | 79.34M | 82.25M | 60.37M | 63.43M | 69.24M | 83.02M | 44.06M | 59.18M | 75.80M | 80.28M |
| Total Assets | 6.10B | 6.02B | 6.09B | 5.96B | 5.98B | 6.06B | 5.95B | 5.94B | 5.97B | 6.28B | 6.58B | 6.52B |
| Total Debt | 2.43B | 2.28B | 2.30B | 2.25B | 2.25B | 2.33B | 2.29B | 2.25B | 2.28B | 2.55B | 2.72B | 2.65B |
| Cash & Equiv | 43.27M | 47.62M | 23.29M | 19.49M | 29.05M | 21.23M | 17.61M | 21.03M | 21.27M | 22.85M | 17.22M | 14.35M |
| Book Value | 3.39B | 3.46B | 3.49B | 3.42B | 3.46B | 3.44B | 3.36B | 3.40B | 3.42B | 3.43B | 3.53B | 3.56B |
| Return on Equity | -0.00 | 0.01 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.01 | -0.01 | 0.00 | 0.00 |