Company Analysis

Independence Realty Trust, Inc. IRT

A comprehensive view of key metrics, scores, and financial health for Independence Realty Trust, Inc.

Overview of Independence Realty Trust, Inc.

IRT NYQ

Real Estate REIT - Residential Mid Cap

Independence Realty Trust, Inc. (IRT), is a Mid Cap company, in the REIT - Residential industry, last closed at $15.81, about 66.2% overvalued vs fair value, -24.7% 1Y return, ranked 162/330 in sector.

$15.81

-1.68%

As of March 13, 2026

Previous close • Vol 90d: 21.4%

52-Week Range

Low

15.12

11%

Now 15.81

High

21.38

Market Cap

$3.98B

Enterprise Value

$6.21B

Overall Score

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Top Beats

No strong beats yet

Quick Facts

Website https://www.irtliving.com

HQ Philadelphia, PA

Employees 904

Fiscal year Dec 31

Next Events

Earnings Apr 29 Estimated

Fair Value Snapshot

Bear Base Bull

Current: $15.81 -66% vs base

Engine Room Money Flow™

Mid Cap

Real Estate Investment Trust - Where revenue goes and how value is created

Flow Steps

Total Revenue

$657.7M

2.8%%

Net Operating Income

$121.2M

-6.3%%

Net Income

$39.3M

43.9%%

FFO (Funds From Operations)

$270.0M

Money Flow Bridge

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Flow Direction: Money moves from left to right

Components: Breakdown shows composition of each stage

Industry-Specific: Real Estate Investment Trust

Data Quality Notes

Note: For REITs, FFO and AFFO are the key cash metrics. Net Income is distorted by high depreciation on properties.
Note: Owner Pocket percentages are relative to AFFO (not FCF), as AFFO represents true cash available for distribution.
Note: Portfolio contraction - net property disposals of $152.3M.
Note: Deleveraging - net debt repayment of $204.8M.
Note: Equity capital raised via stock issuance: $111.3M. May indicate dilution for growth or balance sheet strengthening.

Quality & Reliability Indicators

FFO Payout Ratio

59.3%

Excellent

Dividends / FFO - basic dividend safety

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$184.4M

89.3% of AFFO

Where It Leaks

Cash Flow Health critical

Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.

Active Leaks

2/4

Improving

High Impact

Critical

Medium

CapEx Hunger

Current: 48.1%

Reinvestment Leak

Improving

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Scores based on quantitative metrics and qualitative factors

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Rent Pricing Power

Developing

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AFFO Strength

Developing

Balance Sheet & Cost of Capital

Moderate

Capital Recycling & Growth

Weak

Operational Efficiency

Moderate

Portfolio Quality & Diversification

Developing

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Equity REITs vs Industry Peers 94% Coverage

Click axes to expand details. Marker shows current allocation.

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Growth

40th percentile vs peers

Key Signals

Rev Growth YoY 2.8% 37p FFO Growth YoY 9.5% 54p AFFO YoY Growth 66.4% 79p EPS Growth YoY 38.3% 61p TSR -8.6% 52p

Strengths

P/Affo in top 20% of peers (25.46, 86th percentile)
Conservative leverage compared to industry peers

Risks

Growth below peer median (percentile: 40)

Profitability

48th percentile vs peers

Key Signals

Strengths

Risks

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Safety

45th percentile vs peers

Key Signals

Strengths

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Two Futures

Scenario-based fair value ranges for Independence Realty Trust, Inc..

WACC X.X%

X%XX%

Rev CAGR 5Y X.X%

-XX%XX%

Op Margin XX.X%

-XX%XX%

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Bear

- - -

- upside

Base

$5.34

- - -

-66.2% vs current

Snapshot base estimate

Bull

- - -

- upside

Fair Value Range Current: $-

$- $- $-

Independence Realty Trust, Inc. IRT

Overview of Independence Realty Trust, Inc.

Quick Facts

Next Events

Fair Value Snapshot

Flow Steps

Money Flow Bridge

Data Quality Notes

Quality & Reliability Indicators

FFO Payout Ratio

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

CapEx Hunger

Locked Leak

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Rent Pricing Power

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AFFO Strength

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Balance Sheet & Cost of Capital

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Capital Recycling & Growth

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Operational Efficiency

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Portfolio Quality & Diversification

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Growth

Profitability

Safety

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