Independence Realty Trust, Inc. (IRT)
| Market Cap | 3.44B |
| Revenue (ttm) | 656.74M |
| Net Income (ttm) | 56.92M |
| Shares Out | 224.71M |
| EPS (ttm) | 0.26 |
| PE Ratio | 58.85 |
| Forward PE | 78.36 |
| Dividend | $0.64 (4.18%) |
| Ex-Dividend Date | Dec 28, 2023 |
| Volume | 1,433,375 |
| Open | 15.50 |
| Previous Close | 15.62 |
| Day's Range | 15.30 - 15.55 |
| 52-Week Range | 11.61 - 19.68 |
| Beta | 1.06 |
| Analysts | Buy |
| Price Target | 18.25 (+19.28%) |
| Earnings Date | Feb 14, 2024 |
About IRT
Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT aims to provide stockholders with attractive risk-... [Read more]
Financial Performance
In 2022, IRT's revenue was $628.53 million, an increase of 151.16% compared to the previous year's $250.25 million. Earnings were $117.25 million, an increase of 162.95%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for IRT stock is "Buy." The 12-month stock price forecast is $18.25, which is an increase of 19.28% from the latest price.
News
Independence Realty Trust Announces Fourth Quarter 2023 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, p...
Independence Realty Trust Scheduled to Participate in Nareit's REITworld Annual Conference
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, IRT's Chairman and Chief Executive Officer, and Jim Sebra, IRT's Chief Financia...
Independence Realty Trust Announces Third Quarter 2023 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its third quarter 2023 financial results, initiated its portfolio opti...
Independence Realty Trust Announces Third Quarter 2023 Earnings Release and Conference Call Dates
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its third quarter 2023 financial results after market close on Monday, Oct...
Independence Realty Trust Announces Third Quarter 2023 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, p...
Independence Realty Trust Scheduled to Host Investor Meetings at Bank of America Securities 2023 Global Real Estate Conference on September 12
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Jim Sebra, IRT's Chief Financial Officer and Mike Daley, IRT's Executive Vice President, Operati...
The 3 Most Promising Real Estate Stocks To Watch This Quarter
Real estate is one of the backbones of the American economy. As the latter begins to pivot into a cycle of uncertainty amid FED rate hikes and inflationary concerns, the housing market will surely rec...
Independence Realty Trust Announces Second Quarter 2023 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its second quarter 2023 financial results and raised the midpoint of i...
Independence Realty Trust Announces Second Quarter 2023 Earnings Release and Conference Call Dates
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its second quarter 2023 financial results after market close on Wednesday,...
Independence Realty Trust to Participate in Nareit's REITweek 2023 Investor Conference
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and CEO, Jim Sebra, CFO, Mike Daley, EVP of Operations and People, and...
Independence Realty Trust Increases Quarterly Dividend By 14%
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today that IRT's board of directors approved a quarterly dividend of $0.16 per share of IRT common stock, w...
Independence Realty Trust Announces First Quarter 2023 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its first quarter 2023 financial results. First Quarter Highlights Net...
Independence Realty Trust Announces First Quarter 2023 Earnings Release and Conference Call Dates
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its first quarter 2023 financial results after market close on Wednesday, ...
Independence Realty Trust Announces Leadership Update and First Quarter 2023 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today that Farrell Ender, President of IRT, will be leaving the company effective May 1, 2023, to pursue ot...
Independence Realty Trust to Present at Citi's 2023 Global Property CEO Conference
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and Chief Executive Officer, and Jim Sebra, Chief Financial Officer wi...
Independence Realty Trust Announces Fourth Quarter and Full Year 2022 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its fourth quarter and full year 2022 financial results and introduced...
Independence Realty Trust Announces Tax Treatment of Dividends in 2022
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax reporting information for the 2022 dividend distributions on its common stock. The final in...
Independence Realty Trust Announces Fourth Quarter and Full Year 2022 Earnings Release and Conference Call Dates
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its fourth quarter and full year 2022 financial results after market clo...
Independence Realty Trust Announces Inaugural Sustainability Report
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced its inaugural Sustainability report. This report is an opportunity to share our sustainability prog...
Independence Realty Trust Announces Fourth Quarter 2022 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.14 per share of IRT common stock,...
Independence Realty Trust Provides Business Update in Advance of Participating in Nareit's REITworld 2022 Annual Conference
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, IRT's Chairman and CEO, and Jim Sebra, IRT's CFO are scheduled to host meetings...
Independence Realty Trust Announces Third Quarter 2022 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its third quarter 2022 financial results.
Independence Realty Trust Announces Third Quarter 2022 Earnings Release and Conference Call Dates
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its third quarter 2022 financial results after market close on Wednesday, ...
Independence Realty Trust Reports Minimal Damage to Communities from Hurricane Ian
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced the Company's apartment communities in Tampa and Orlando, Florida did not appear to have any signific...
Independence Realty Trust Scheduled to Host Investor Meetings at Bank of America Securities 2022 Global Real Estate Conference on September 13 and 14
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, IRT's Chairman and CEO, and Jim Sebra, IRT's CFO are scheduled to host meetings...