Independence Realty Trust, Inc.
IRT
NYSE·Real Estate·REIT - Residential·Mkt cap $3.8B
$16.32
▲ +0.31%
P/E
91.22
Mkt Cap
$3.8B
52-Wk Range
$14.60–$18.18
52-Week Range
$14.60 - $18.18
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Down 7.4% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- Strategic focus on high-growth non-gateway markets with strong demographic fundamentals
- Expertise in identifying and operating quality multifamily properties in amenity-rich submarkets
- Disciplined capital allocation and portfolio management driving consistent operational performance
- Scale and efficiency in secondary/tertiary markets with lower competition than primary markets
Bear Case
2 risks
- Average volatility.
- Extreme premium - high expectations embedded
Growth
Strong growth ahead
Population migration to non-gateway markets with lower cost of living and strong job growth
Value
Extreme premium - high expectations embedded
Momentum
Stable
+0.6% over 3m
Quality
Thin
Solid business
Dividend
Solid
4.23% yield
Smart-money signal
Who's buying IRT right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Nov 4, 2026
AUG 3, 2026
Reported EPS of $0.01 vs $0.03 consensus (-60.4% surprise). Revenue of $167.1M vs $166.9M expected (+0.1%).
EPS surprise · last 4Q
0 of 1 beats
Estimate
Actual
Q3 26
-60.4%
Revenue trend · last 8Q
—
-3%
+0%
+2%
+4%
+4%
+3%
-100%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$160.1M
$161.3M
$161.2M
$162.2M
$167.1M
$167.1M
$165.3M
$0
Margins · last 8Q
Gross
—
Operating
—
Profit
—
Wall Street consensus
4 analysts · 100% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
100%
Hold
0%
Sell
0%
Median Price Target
—
Latest: RBC Capital · Aug 5, 2026
vs Industry
How IRT stacks vs REIT - Residential
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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