Independence Realty Trust Inc (IRT)

Official site

REAL ESTATE • REIT - RESIDENTIAL • NYSE

$14.70

+0.05 (+0.31%)

Market Cap: $3.54B

Last updated: Oct 16, 2026 at 1:55 PM ET

Earnings

Performance (10Y)

Beat Rate

49%(19/39)

Avg Surprise

-18.23%

Streak

1 Q

Upcoming Estimates

Period ending Sep 30, 2026

EPS Consensus$0.05

Range$0.05 - $0.05

1 analysts

EPS RevisionsNo revisions (7d)No revisions (30d)

EPS Estimate DriftChange to current

90d ago$0.050.0%

60d ago$0.050.0%

30d ago$0.050.0%

7d ago$0.050.0%

Current$0.05

Revenue Consensus

$171M

Range$170M - $173M

7 analysts

Period ending Dec 31, 2026

EPS Consensus$0.06

Range$-0.03 - $0.11

3 analysts

Revenue Consensus

$172M

Range$165M - $177M

8 analysts

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Dec 31, 2026Dec 26EST	-	$0.06	$-0.03 - $0.11	-	-	3	-	-
Sep 30, 2026Sep 26EST	-	$0.05	$0.05 - $0.05	-	-	1	No revisions (30d)	-
Jun 30, 2026Jun 26 Reported Aug 3, 2026Reported Aug 3	$0.28	$0.27	$0.22 - $0.32	+3.70%	Beat	2	No revisions (30d)	+833.3%
Mar 31, 2026Mar 26 Reported Apr 29, 2026Reported Apr 29	$0.00	N/A	-	-84.00%	Miss	1	No revisions (30d)	-84.0%
Dec 31, 2025Dec 25 Reported Feb 11, 2026Reported Feb 11	$0.06	$0.08	$0.06 - $0.17	-25.00%	Miss	6	1 1 30d	-33.3%
Sep 30, 2025Sep 25 Reported Oct 29, 2025Reported Oct 29	$0.04	$0.06	$0.06 - $0.06	-33.33%	Miss	1	No revisions (30d)	-33.3%
Jun 30, 2025Jun 25 Reported Jul 30, 2025Reported Jul 30	$0.03	$0.05	$0.05 - $0.05	-40.00%	Miss	0	No revisions (30d)	-40.0%
Mar 31, 2025Mar 25 Reported Apr 30, 2025Reported Apr 30	$0.03	$0.03	$0.02 - $0.04	+0.00%	Beat	2	0 1 30d	-25.0%
Dec 31, 2024Dec 24 Reported Feb 12, 2025Reported Feb 12	$0.09	$0.03	$0.02 - $0.04	+200.00%	Beat	6	0 1 30d	+150.0%
Sep 30, 2024Sep 24 Reported Oct 30, 2024Reported Oct 30	$0.06	$0.06	$0.05 - $0.19	+0.00%	Beat	6	No revisions (30d)	+200.0%
Jun 30, 2024Jun 24 Reported Jul 31, 2024Reported Jul 31	$0.05	$0.07	$0.04 - $0.11	-28.57%	Miss	4	No revisions (30d)	+0.0%
Mar 31, 2024Mar 24 Reported Apr 24, 2024Reported Apr 24	$0.04	$0.05	-	-20.00%	Miss	5	1 0 30d	-20.0%
Dec 31, 2023Dec 23 Reported Feb 14, 2024Reported Feb 14	$-0.18	$0.01	$-0.15 - $0.15	-1900.00%	Miss	6	No revisions (30d)	-220.0%
Sep 30, 2023Sep 23 Reported Oct 30, 2023Reported Oct 30	$0.02	N/A	-	-75.00%	Miss	4	No revisions (30d)	-71.4%
Jun 30, 2023Jun 23 Reported Jul 26, 2023Reported Jul 26	$0.05	$0.02	$0.02 - $0.06	+150.00%	Beat	4	No revisions (30d)	+266.7%
Mar 31, 2023Mar 23 Reported Apr 26, 2023Reported Apr 26	$0.05	$0.03	$-0.07 - $0.07	+66.67%	Beat	6	No revisions (30d)	-85.3%
Dec 31, 2022Dec 22 Reported Feb 15, 2023Reported Feb 15	$0.15	$0.06	$-0.05 - $0.13	+150.00%	Beat	6	No revisions (30d)	-34.8%
Sep 30, 2022Sep 22 Reported Oct 26, 2022Reported Oct 26	$0.07	$-0.04	$-0.06 - $0.22	+275.00%	Beat	5	0 1 30d	+40.0%
Jun 30, 2022Jun 22 Reported Jul 27, 2022Reported Jul 27	$-0.03	N/A	-	+62.50%	Beat	3	No revisions (30d)	-200.0%
Mar 31, 2022Mar 22 Reported May 3, 2022Reported May 3	$0.34	$0.25	$0.14 - $0.54	+36.00%	Beat	3	No revisions (30d)	+3300.0%
Dec 31, 2021Dec 21 Reported Feb 16, 2022Reported Feb 16	$0.23	$0.09	$0.04 - $0.19	+155.56%	Beat	4	No revisions (30d)	+475.0%
Sep 30, 2021Sep 21 Reported Oct 27, 2021Reported Oct 27	$0.05	$0.07	$0.05 - $0.08	-28.57%	Miss	3	2 0 30d	+66.7%
Jun 30, 2021Jun 21 Reported Jul 26, 2021Reported Jul 26	$0.03	$0.03	$0.02 - $0.03	+0.00%	Beat	4	No revisions (30d)	+200.0%
Mar 31, 2021Mar 21 Reported Apr 28, 2021Reported Apr 28	$0.01	$0.01	$0.01 - $0.04	+0.00%	Beat	4	No revisions (30d)	-94.7%
Dec 31, 2020Dec 20 Reported Feb 10, 2021Reported Feb 10	$0.04	$0.04	$0.02 - $0.05	+0.00%	Beat	2	No revisions (30d)	+33.3%
Sep 30, 2020Sep 20 Reported Oct 28, 2020Reported Oct 28	$0.03	$0.02	$0.01 - $0.02	+50.00%	Beat	4	No revisions (30d)	+0.0%
Jun 30, 2020Jun 20 Reported Jul 29, 2020Reported Jul 29	$0.01	$0.02	$0.01 - $0.07	-50.00%	Miss	6	1 0 30d	-66.7%
Mar 31, 2020Mar 20 Reported May 6, 2020Reported May 6	$0.19	$0.03	$0.01 - $0.06	+533.33%	Beat	5	No revisions (30d)	+533.3%
Dec 31, 2019Dec 19 Reported Feb 12, 2020Reported Feb 12	$0.03	$0.04	-	-25.00%	Miss	5	No revisions (30d)	-81.3%
Sep 30, 2019Sep 19 Reported Oct 30, 2019Reported Oct 30	$0.03	$0.04	$0.04 - $0.10	-25.00%	Miss	5	No revisions (30d)	-40.0%
Jun 30, 2019Jun 19 Reported Jul 31, 2019Reported Jul 31	$0.03	$0.04	$0.04 - $0.04	-25.00%	Miss	2	No revisions (30d)	-25.0%
Mar 31, 2019Mar 19 Reported May 1, 2019Reported May 1	$0.03	$0.05	$0.03 - $0.06	-40.00%	Miss	6	No revisions (30d)	-25.0%
Dec 31, 2018Dec 18 Reported Feb 21, 2019Reported Feb 21	$0.16	$0.18	$0.17 - $0.19	-11.11%	Miss	4	No revisions (30d)	+100.0%
Sep 30, 2018Sep 18 Reported Nov 1, 2018Reported Nov 1	$0.05	$0.05	$0.03 - $0.06	+0.00%	Beat	7	No revisions (30d)	-16.7%
Jun 30, 2018Jun 18 Reported Aug 2, 2018Reported Aug 2	$0.04	$0.05	$0.04 - $0.07	-20.00%	Miss	5	No revisions (30d)	-20.0%
Mar 31, 2018Mar 18 Reported Apr 25, 2018Reported Apr 25	$0.04	$0.05	$0.02 - $0.09	-20.00%	Miss	8	No revisions (30d)	-33.3%
Dec 31, 2017Dec 17 Reported Feb 20, 2018Reported Feb 20	$0.08	$0.08	$0.04 - $0.11	+0.00%	Beat	7	No revisions (30d)	+14.3%
Sep 30, 2017Sep 17 Reported Oct 31, 2017Reported Oct 31	$0.06	$0.08	-	-25.00%	Miss	-	-	-
Jun 30, 2017Jun 17 Reported Aug 1, 2017Reported Aug 1	$0.05	$0.06	-	-16.67%	Miss	-	-	-
Mar 31, 2017Mar 17 Reported May 2, 2017Reported May 2	$0.06	$0.07	-	-14.29%	Miss	-	-	-
Dec 31, 2016Dec 16 Reported Feb 16, 2017Reported Feb 16	$0.07	N/A	-	+112.73%	Beat	-	-	-

Dividends

Dividend Metrics

Forward Yield4.90%

Forward Annual Dividend$0.72

Payout Ratio59.75%

FrequencyQuarterly

Pay MonthsJan, Apr, Jul, Oct

Growth

3Y CAGR+7.46%

5Y CAGR+4.41%

IRT dividend history and ex-dividend dates Run IRT in the free DRIP calculator

Key Metrics

Valuation
P/E Ratio	38.19	EV/EBITDA	15.97x
Price/FCF	337.55x	FCF Yield	0.30%
Profitability
Profit Margin	6.42%	Operating Margin	14.80%
ROE	1.26%	ROIC	1.60%
Financial Health
Debt/Equity	0.73x	Interest Coverage	1.41x
Current Ratio	N/A	Quick Ratio	N/A
Trading Statistics
Beta	0.98	Avg Volume	3.76M
52-Week High	$17.49	52-Week Low	$14.27

Technical Indicators Dashboard

Moving Averages

SMA 10$14.68

SMA 20$14.60

SMA 50$15.47

SMA 200$15.95

EMA 10$14.69

EMA 20$14.77

EMA 50$15.24

EMA 200$15.90

MACD

Line: -0.17Signal: -0.25Hist: 0.08

ADX

ADX: 23.3+DI: 18.3-DI: 21.1

Aroon & PSAR

Aroon Up4.0

Aroon Down80.0

PSAR$14.35

Bollinger Bands

Upper Band$14.87

Lower Band$14.33

%B Position370%(Upper)

Band Width0.68

RSI (14-Day)

Neutral

43.9

Momentum Oscillators

Stoch %K53.6

Stoch %D59.0

Williams %R-51.3

ROC (10d)1.3%

Momentum0.20

CCI (20d)74.3

MFI (14d)66.5

Volatility Measures

ATR (14d)$0.33(2.2%)

StdDev (20d)0.14

Hist Vol15.5%(Low)

Volume Flow

VWAP$14.76

OBV-5.1M

AD Line-2.9B

CMF (20d)-0.568

Volume Metrics

Avg Vol (20d)3.8M

Vol Ratio1.2x

VWMA (20d)$14.60

Pivot Points

R3$15.06

R2$14.96

R1$14.80

Pivot Point$14.71

S1$14.55

S2$14.45

S3$14.29

Advanced Oscillators

TSI-19.51

Ultimate Osc44.9

KST-52.47

Financial Data

Quarter	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Total Revenue	$167.24M	$165.32M	$167.13M	$167.14M	$162.19M	$161.24M	$160.96M	$160.13M	$158.40M	$160.53M	$167.05M	$168.61M
Cost of Revenue	$7.93M	$8.24M	$6.67M	$7.89M	$7.71M	$7.83M	$7.38M	$7.38M	$7.67M	$7.50M	$-177,966,000	$70.53M
Gross Profit	$159.31M	$157.09M	$160.45M	$159.25M	$154.47M	$153.42M	$153.59M	$152.76M	$150.74M	$153.03M	$345.01M	$98.08M

Operating Expenses	$133.37M	$135.35M	$127.17M	$128.76M	$126.97M	$126.28M	$127.09M	$121.81M	$121.87M	$113.84M	$305.33M	$59.24M
R&D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
SG&A	$5.68M	$8.51M	$4.67M	$4.91M	$5.98M	$8.41M	$4.86M	$4.76M	$6.24M	$8.38M	$5.04M	$3.66M
Operating Income	$25.94M	$21.74M	$33.28M	$30.49M	$27.51M	$27.14M	$26.49M	$30.94M	$28.86M	$39.19M	$39.68M	$38.83M

Interest Income	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Interest Expense	$21.58M	$20.73M	$20.42M	$20.45M	$18.77M	$19.41M	$19.77M	$18.31M	$17.46M	$20.40M	$23.66M	$22.03M
Income Before Tax	$4.25M	$920,000	$31.61M	$-2,819,000	$8.73M	$9.12M	$-3,832,000	$13.32M	$11.40M	$18.79M	$-39,119,000	$5.16M
Income Tax Expense	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

Net Income	$3.42M	$-127,000	$34.01M	$7.00M	$8.17M	$8.53M	$-1,103,000	$12.62M	$10.55M	$17.96M	$-41,653,000	$3.99M

EBITDA	$89.95M	$85.50M	$114.17M	$78.53M	$86.48M	$86.38M	$72.44M	$85.64M	$81.69M	$91.53M	$37.67M	$81.10M
EBIT	$25.84M	$21.65M	$52.03M	$17.64M	$27.51M	$28.53M	$15.94M	$31.63M	$28.86M	$39.19M	$-16,663,000	$27.20M

* Some calculated fields are derived from available data when not provided by source

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News

Independence Realty Trust Price Target Cut to $17.00/Share From $18.00 by UBS

UBS has lowered its price target for Independence Realty Trust (NYSE:IRT) to $17.00 per share from the previous $18.00. This adjustment reflects a potential change in the analyst's outlook for the real estate investment...

Moomoo•Oct 15, 2026 12:43 PM ET10/15/26•Bearish

Independence Realty Trust Is Maintained at Buy by UBS

UBS has reiterated its "Buy" rating on Independence Realty Trust (NYSE:IRT). This indicates the firm's continued positive outlook on the company's stock.

Moomoo•Oct 15, 2026 9:40 AM ET10/15/26•Bullish

Independence Realty Trust Q3FY26 Results: Earnings release set for November 2

Independence Realty Trust (IRT) has scheduled the release of its third-quarter 2026 financial results for November 2, 2026, after market close. Following the release...

scanx.trade•Oct 14, 2026 11:07 PM ET10/14/26•Neutral

Independence Realty Trust, Inc. (IRT) Stock Forecasts

Argus released a report on Independence Realty Trust Inc (IRT), a real estate investment trust focused on multifamily apartment communities. The report provides a summary of IRT's business and includes a price target...

Yahoo! Finance Canada•Oct 14, 2026 12:40 PM ET10/14/26•Neutral

Independence Realty Trust (NYSE:IRT) Stock Price Target Lowered at Barclays

Barclays has lowered its price target for Independence Realty Trust (IRT) from $20 to $19, while maintaining an "overweight" rating. Despite this adjustment and the stock trading near its 12-month low...

MarketBeat•Oct 14, 2026 9:40 AM ET10/14/26•Neutral

IRT Valuation and Fair Value

P/E: 38.2x
Forward P/E: 69.4x
EV/EBITDA: 16.0x
P/FCF: 337.5x
PEG: 4.6x
P/B: 1.0x

See GNG's fair value

IRT Profitability: Margins, ROIC and FCF

Gross margin: 95.4%
Operating margin: 14.8%
Net margin: 6.4%
ROIC: 1.6%
ROE: 1.3%
FCF margin: 1.5%
FCF yield: 0.3%

IRT Competitors

Company	Ticker
LXP Industrial Trust	LXP
SL Green Realty Corp	SLG
St Joe Company	JOE
Millrose Properties, Inc.	MRP
Broadstone Net Lease Inc	BNL
Veris Residential Inc	VRE
COPT Defense Properties	CDP
PotlatchDeltic Corp	PCH

Sector: Real Estate

IRT Analyst Ratings

Consensus: Buy
Analysts: 13
Strong Buy: 3
Buy: 7
Hold: 3
Sell: 0
Strong Sell: 0

IRT Bull Case vs Bear Case

Bull case

76.9% of IRT's analyst ratings are Buy or Strong Buy.

Bear case

IRT beat EPS estimates in 25.0% of its last 8 reported quarters.

IRT Earnings: Beat Rate and Next Report

Beat rate: 2 of 8 quarters (25.0%)
Average surprise: 2.7%
EPS estimate (fiscal period ending Sep 30, 2026): $0.05
Estimate revisions (30 days, fiscal period ending Sep 30, 2026): 0 up, 0 down

IRT Dividend

Forward yield: 4.9%
Payout ratio: 59.8%
3Y DPS growth: 7.5%
5Y DPS growth: 4.4%
Pay months: Jan, Apr, Jul, Oct

IRT dividend history

Frequently Asked Questions About IRT

What is IRT's current dividend yield?

Independence Realty Trust Inc (IRT) has a forward dividend yield of 4.90%.

Does IRT pay dividends?

Yes, Independence Realty Trust Inc pays dividends with a forward dividend yield of 4.90%.

What is IRT's P/E ratio?

Independence Realty Trust Inc has a price-to-earnings (P/E) ratio of 38.19.

What is IRT's market cap?

Independence Realty Trust Inc (IRT) has a market capitalization of $3.54B with a current stock price of $14.70.

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