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Independence Realty (IRT)
NYSE:IRT
IRT Stock Chart & Stats
Day’s Range― - ―
52-Week Range$16.59 - $22.26
Previous CloseN/A
Volume625.91K
Average Volume (3M)2.63M
Market Cap
$4.15B
Enterprise Value$6.48B
Total Cash (Recent Filing)$29.05M
Total Debt (Recent Filing)$2.26B
Price to Earnings (P/E)143.5
Beta0.89
Next Earnings
Oct 22, 2025EPS Estimate
0.08Last Dividend Ex-Date
Jun 27, 2025Dividend Yield3.75%
Share Statistics
EPS (TTM)0.03
Shares Outstanding233,817,110
10 Day Avg. Volume3,273,999
30 Day Avg. Volume2,630,805
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.56
Enterprise Value/Revenue10.12
Enterprise Value/Gross Profit20.16
Enterprise Value/Ebitda19.40
Forecast
1Y Price Target
$21.08Price Target Upside20.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
Bulls Say, Bears Say
Bulls Say
Financial PerformanceFY25 SSNOI guidance was raised +5bps to +2.1%, above Street expectations of +1.5%, supported by a decrease of -245bps in operating expense expectations.
Insurance CostsIRT had a favorable insurance renewal (-20% premium reduction vs. prior IRT expectations of a +5% increase), which drove a decrease of -60bps in operating expenses.
Liquidity And CapitalIRT is in a strong liquidity position with approximately $742.9 million at the end of the quarter.
Bears Say
Lease Rates And Occupancy2Q25 new lease rate (-3.1%) and occupancy (95.3%) came in below management's expectations.
LeverageLeverage increased +40bps q/q to 6.3x net-debt-to-adjusted EBITDA and remains higher than peers.
Revenue Expectations’25 SS Revenue was lowered -90bps to +1.7%, implying -130bps decline y/y, and is below Street/BMOe of +2.0%/2.2%.
Independence Realty News
IRT FAQ
What was Independence Realty’s price range in the past 12 months?
Independence Realty lowest stock price was $16.59 and its highest was $22.26 in the past 12 months.
What is Independence Realty’s market cap?
Independence Realty’s market cap is $4.15B.
When is Independence Realty’s upcoming earnings report date?
Independence Realty’s upcoming earnings report date is Oct 22, 2025 which is in 67 days.
How were Independence Realty’s earnings last quarter?
Independence Realty released its earnings results on Jul 31, 2025. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by -$0.01.
Is Independence Realty overvalued?
According to Wall Street analysts Independence Realty’s price is currently Undervalued.
Does Independence Realty pay dividends?
Independence Realty pays a Quarterly dividend of $0.17 which represents an annual dividend yield of 3.75%. See more information on Independence Realty dividends here
What is Independence Realty’s EPS estimate?
Independence Realty’s EPS estimate is 0.08.
How many shares outstanding does Independence Realty have?
Independence Realty has 233,817,110 shares outstanding.
What happened to Independence Realty’s price movement after its last earnings report?
Independence Realty reported an EPS of $0.03 in its last earnings report, missing expectations of $0.04. Following the earnings report the stock price went down -0.06%.
Which hedge fund is a major shareholder of Independence Realty?
Currently, no hedge funds are holding shares in IRT
Independence Realty Stock Smart Score
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$21.08 (20.94% Upside)
$21.08 (20.94% Upside)
Blogger Sentiment
Bullish
IRT Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 995.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▲ 2.7%
Last 30 Days ▼ 2.5%
Last 30 Days ▼ 2.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-9.06%
12-Months-Change
Fundamentals
Return on Equity
0.81%
Trailing 12-Months
Asset Growth
0.38%
Trailing 12-Months
Company Description
Independence Realty
Independence Realty (IRT) is a prominent real estate investment trust (REIT) specializing in the acquisition, development, and management of multifamily residential properties across the United States. The company focuses on providing quality housing options in key metropolitan areas, striving to enhance the living experience for its residents while delivering value to its investors. IRT's portfolio includes a diverse range of properties, emphasizing sustainable practices and community engagement.
IRT Earnings Call
Q2 2025
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted effective cost management and strategic acquisitions as major positives, but was tempered by revenue growth challenges and market-specific pressures. The company is poised for future improvements with a robust acquisition pipeline and a favorable supply outlook. However, current market conditions have resulted in downward revisions to revenue expectations.View all IRT earnings summariesIRT Stock 12 Month Forecast
Average Price Target
$21.08
▲(20.94% Upside)
Technical Analysis
Apartment Investment & Management
―
Umh
―
Centerspace
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BRT Apartments
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NexPoint Residential
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Ownership Overview
0.72% Insiders
37.21% Mutual Funds
0.79% Other Institutional Investors
30.68% Public Companies and
Individual Investors