Accessibility Menu
Independence Realty Trust logo

Independence Realty Trust(NYSE) IRT

Current Price$16.56
Market Cap$3.87BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2013)+304%
5 Year-3%
1 Year-2%
1 Month+2%
Independence Realty Trust last closing stock price
MetricPriceDate
Last closeUSD 16.402026-07-23
Independence Realty Trust stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-3.36%USD 16.972026-07-16
1 month+1.89%USD 16.102026-06-23
3 month+4.99%USD 15.622026-04-24
Year to date-4.07%USD 17.102025-12-31
1 year-2.3%USD 16.792025-07-23
3 year+4%USD 15.772023-07-24
5 year-2.56%USD 16.832021-07-23
Since inception+304.12%USD 4.062013-08-13

Independence Realty Trust Financials at a Glance

Market Cap

$3.87BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$661.78M

Net Income (TTM)

$48.14M

EPS (TTM)

$0.20

P/E Ratio

80.79

Dividend

$0.69

Beta (Volatility)

0.76 (Low)

Price

$16.56

Volume

553,236.51

Open

$16.44

Previous Close

$16.40

Daily Range

$16.41 - $16.58

52-Week Range

$14.60 - $18.19

Estimated Earnings Date

Aug 3, 2026

IRT News

PiggyBank-BuyAlert-Blue.png

Why One Fund Just Put $12.2 Million Into This Beaten-Down Multi-Family Apartment REIT

Jonathan PoncianoDec 9, 2025
GettyImages-916452904

2 Under-the-Radar REITs That Can Set You Up for Life

Liz BrumerJun 22, 2022
GettyImages-1320686132

3 Soaring Stocks That Can Make You Richer

Liz BrumerMay 17, 2022
GettyImages-544984238

Missed Out on Innovative Industrial Properties? What To Buy Now

Liz BrumerDec 28, 2021
GettyImages-1273552068

Why This Merger Means Big Growth for This Apartment Stock

Liz BrumerDec 21, 2021
Apartment building GETTY

Here’s Why Independence Realty Trust Is Down 10% Today

Matt Frankel, CFP®Sep 6, 2017
PLAY location

Why Dave & Buster's Entertainment, At Home Group, and Independence Realty Trust Slumped Today

Dan CaplingerSep 6, 2017

IRT: Motley Fool Moneyball Superscore

57

Our CEO Is Handing Members His Secret Weapon

It's called Motley Fool Moneyball, our new proprietary AI tool

We spent over half a million dollars in R&D to build a tool that makes stock research faster, sharper, and smarter. Our analysts use it every day, and now, you can too.

Get Access Now

About Independence Realty Trust

Independence Realty Trust rents apartments to people in mid-sized American cities. It helps residents find quality housing near jobs and schools. The company manages and improves communities for long-term use.

Where the Revenue Comes From

  • Same-Store Portfolio: Established apartment communities owned for at least one year; generated $156.1 million in revenue during Q1 2026.
  • Non Same-Store Portfolio: Recently acquired communities and properties in lease-up—the initial period of finding tenants; generated $9.1 million in Q1 2026 revenue.
  • Value Add Initiative: Internal renovation program focused on upgrading unit interiors and common spaces to support higher rental prices.

Recent Buying and Building

  • Acquired The Retreat at Canal in Columbus, Ohio for $29.5 million in January 2026.
  • Purchased the remaining 10% interest in Tisdale at Lakeline Station in January 2026.
  • Secured a new $350 million term loan—a type of fixed-term debt—in February 2026.
  • Finished interior and common area renovations on 426 apartment units during the first quarter of 2026.

Why IRT Picks Specific Cities

Independence Realty Trust focuses on mid-sized markets with strong employment centers and high-quality retail. These locations are less likely to see high levels of new apartment construction compared to major coastal cities.

A Look at the Numbers

  • Total revenue reached $165.3 million in Q1 2026, up 2.5% from $161.2 million in Q1 2025.
  • Net income hit -$68,000 in Q1 2026, down 100.8% year-over-year as the figure turned negative and worsened.
  • Free cash flow hit $31.7 million in Q1 2026, down 18.5% from $38.9 million in the prior year period.
  • Operating cash flow was $55.3 million in Q1 2026, an 8.4% decrease from $60.4 million in Q1 2025.

Bottom Line

Independence Realty Trust is shifting its portfolio toward high-growth suburban submarkets through acquisitions and internal renovations. The company relies on a mix of steady rental income and strategic property upgrades to drive its expansion.

AI Generated • May 22, 2026

Industry

Residential REITs

Sector

Real Estate

Employees

904

CEO

Scott F. Schaeffer

Website

www.irtliving.com

Headquarters

Philadelphia, PA 19103, US

IRT Financials

Key Financial Metrics (TTM)

Gross Margin

20.25%

Operating Margin

17.53%

Net Income Margin

7.27%

Return on Equity

1.40%

Return on Capital

2.11%

Return on Assets

0.79%

Earnings Yield

1.24%

Dividend Yield

4.21%

Payout Ratio

7.07%

Stock Overview

Market Cap

$3.87BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

235.72M

Volume

553.24K

Avg. Volume

2.79M

Financials (TTM)

Gross Profit

$134.01M

Operating Income

$116.02M

EBITDA

$378.58M

Operating Cash Flow

$277.10M

Capital Expenditure

-$125.54M

Free Cash Flow

$151.56M

Cash & ST Invst.

$43.27M

Total Debt

$2.43B

Independence Realty Trust Performance Analysis

Independence Realty Trust annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 628,525,000148.4%
20232023-12-31USD 660,983,0005.2%
20242024-12-31USD 640,035,000-3.2%
20252025-12-31USD 657,696,0002.8%
Independence Realty Trust sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-300.6%
Q32025-09-303.1%
Q42025-12-31-0.0%
Q12026-03-31-1.1%
Independence Realty Trust annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 0.5329.4%
20232023-12-31USD -0.08N/A
20242024-12-31USD 0.17N/A
20252025-12-31USD 0.2438.3%
Independence Realty Trust sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-4.4%
Q32025-09-30-14.5%
Q42025-12-31376.2%
Q12026-03-31-100.2%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$165.32M

+2.5%

Gross Profit

-$34.30M

-136.4%

Gross Margin

-20.75%

N/A

Market Cap

$3.87BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$4.28M

N/A

Employees

904

N/A

Net Income

-$68.00K

-100.8%

EBITDA

$85.24M

-1.6%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$43.27M

+48.9%

Total Debt

$2.43B

+8.0%

Accounts Receivable

$0.00

N/A

Inventory

$0.00

N/A

Long Term Debt

$2.31B

+57.8%

Short Term Debt

$130.05M

-83.6%

Return on Assets

0.79%

N/A

Return on Invested Capital

1.94%

N/A

Free Cash Flow

$31.71M

-18.5%

Operating Cash Flow

$55.32M

-8.4%

Other Investments to Explore

People Also Watch

Symbol / CompanyPricePrice Chg
NHINational Health Investors, Inc.
$80.39+0.55%
COLDAmericold Realty Trust, Inc.
$14.20+0.67%
BNLBroadstone Net Lease, Inc.
$22.46+0.45%
SKTTanger Inc.
$41.73+1.50%

Trending Stocks

Symbol / CompanyPricePrice Chg
TSLLDirexion Shares ETF Trust - Direxion Daily Tsla Bull 2x Shares
$7.28-0.06%
SOFISoFi Technologies
$16.60-0.00%
TQQQProShares Trust - ProShares UltraPro Qqq
$65.76-0.01%
FFord Motor Company
$14.36+0.01%

Questions About IRT

What is the current price of Independence Realty Trust?

Independence Realty Trust is trading at $16.51 per share.

What is the 52-week range for Independence Realty Trust?

Over the past 52 weeks, Independence Realty Trust has traded between $14.60 and $18.19.

How much debt does Independence Realty Trust have?

As of the most recent reporting period, Independence Realty Trust reported total debt of $2.44B.

How much cash does Independence Realty Trust have on hand?

Independence Realty Trust reported $43.27M in cash and cash equivalents in its most recent financial results.

What is Independence Realty Trust’s dividend yield?

Independence Realty Trust currently has a dividend yield of 4.21%.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

View Premium Services