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IRT

Independence Realty Trust, Inc.

IRT

NYSE·Real Estate·REIT - Residential·Mkt cap $4.0B

$17.33

+0.96%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$14.60 - $18.18

P/E

85.22

Fwd P/E

118.49

Beta

0.97

Div Yield

4.02%

Avg Vol

2.7M

Shares Out

235.6M

Mkt Cap

$4.0B

Price action

Price chart

Down 2.7% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

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.
  • High premium - requires strong execution

Growth

Stable outlook

Population migration to non-gateway markets with lower cost of living and strong job growth

Value

High premium - requires strong execution

Momentum

Strong

+13.6% over 3m

Quality

Stable

Strong fundamentals

Dividend

Solid

4.02% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 28, 2026

Q2 26 RECAP

APR 29, 2026

Reported EPS of $0.26 vs $0.03 consensus (+766.7% surprise). Revenue of $165.2M vs $166.3M expected (-0.7%).

EPS beat +766.7%
Revenue miss

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+766.7%

Next: Apr 28, 2026

Revenue trend · last 8Q

-3%

+0%

+2%

+4%

+4%

+3%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$158.4M

$160.1M

$161.3M

$161.2M

$162.2M

$167.1M

$167.1M

$165.3M

Margins · last 8Q

Gross

Operating

Profit

-0.0%

Wall Street consensus

5 analysts · 60% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

60%

Hold

2

40%

Sell

0%

Median Price Target

$19.00

+9.7% vs $17.33

Low $19.00
Median $19.00
High $19.00

Latest: UBS · $19.00 · May 14, 2026

2 analysts covering

vs Industry

How IRT stacks vs REIT - Residential

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.