Independence Realty Trust Inc
$ 17.06
1.79%
04 Aug - close price
- Market Cap 4,122,657,000 USD
- Current Price $ 17.06
- High / Low $ 17.12 / 16.52
- Stock P/E 85.30
- Book Value 14.42
- EPS 0.20
- Next Earning Report -
- Dividend Per Share $0.34
- Dividend Yield 2.03 %
- Next Dividend Date -
- ROA 0.01 %
- ROE 0.01 %
- 52 Week High 17.70
- 52 Week Low 14.44
About
Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multi-family apartment properties in non-entry US markets, including Atlanta, Louisville, Memphis and Raleigh.
Analyst Target Price
$19.21
Quarterly Earnings
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reported Date | 2026-08-03 | 2026-04-29 | 2026-02-11 | 2025-10-29 | 2025-07-30 | 2025-04-30 | 2025-02-12 | 2024-10-30 | 2024-07-31 | 2024-04-24 | 2024-02-14 | 2023-10-30 |
| Reported EPS | 0.28 | 0.0048 | 0.06 | 0.04 | 0.03 | 0.03 | 0.09 | 0.06 | 0.05 | 0.04 | -0.18 | 0.02 |
| Estimated EPS | 0.27 | 0.03 | 0.08 | 0.06 | 0.05 | 0.03 | 0.03 | 0.06 | 0.07 | 0.05 | 0.01 | 0.08 |
| Surprise | 0.01 | -0.0252 | -0.02 | -0.02 | -0.02 | 0 | 0.06 | 0 | -0.02 | -0.01 | -0.19 | -0.06 |
| Surprise Percentage | 3.7037% | -84% | -25% | -33.3333% | -40% | 0% | 200% | 0% | -28.5714% | -20% | -1900% | -75% |
Next Quarterly Earnings
| Reported Date |
| Fiscal Date Ending |
| Estimated EPS |
| Currency |
Previous Dividend Records
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | Jul 2024 | Apr 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Payment Date | 2026-07-17 | 2026-04-17 | 2026-01-23 | 2025-10-24 | 2025-07-18 | 2025-04-21 | 2025-01-17 | 2024-10-18 | 2024-07-19 | 2024-04-19 |
| Amount | $0.18 | $0.17 | $0.17 | $0.17 | $0.17 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 |
Next Dividend Records
| Dividend per share (year): | - |
| Dividend Yield | - |
| Next Dividend Date | - |
| Ex-Dividend Date | - |
Recent News: IRT
2026-08-05 13:13:06
RBC Capital has increased its price target for Independence Realty Trust (IRT) to $19 from $18, while reiterating an "Outperform" rating on the stock. This adjustment follows several recent updates from Independence Realty Trust, including their Q2 2026 earnings call and revised 2026 guidance, with core FFO and revenue figures largely meeting or slightly exceeding analyst estimates. The company, a self-managed REIT focused on multifamily apartment communities in non-gateway markets, also recently approved a quarterly dividend increase.
2026-08-04 23:13:06
Analysts have raised the 12-month price target for Independence Realty Trust, Inc. (IRT) stock from $19.21 to $19.36, indicating a potential 15% upside from its recent closing price. This updated target is based on estimates from 14 analysts, with individual forecasts ranging from $18 to $22 per share. The consensus rating for IRT remains a "Buy," with 11 analysts recommending a Buy and 3 a Hold.
2026-08-04 20:13:06
Independence Realty Trust (NYSE: IRT) reported Q2 2026 cash flow from operations per share of $0.28, significantly exceeding analyst expectations of $0.04. While rental revenue saw a modest 0.9% increase year-over-year, the substantial FFO beat suggests operational efficiencies and expense discipline were key drivers, rather than robust top-line growth. The stock's muted response indicates investors may be seeking further confirmation of sustainable performance or have concerns about forward visibility.
2026-08-04 13:49:27
Independence Realty Trust (IRT) reported Q2 2026 results, showing a 120 basis point improvement in new lease rates and strong demand in Sunbelt and Midwest markets. The company increased its full-year same-store NOI guidance to 1.5% and noted successful implementation of a community Wi-Fi initiative expected to contribute to future revenue. Management highlighted the continued success of their value-add renovation programs, achieving a 16% ROI, and plans to accelerate these initiatives due to improved market conditions and reduced renovation timelines.
2026-08-04 02:10:27
Independence Realty Trust reported strong Q2 2026 results, with CFFO beating estimates at $0.28 per share and same-store Net Operating Income (NOI) growing by 1.2%. The company also saw rental revenue increase to $167.1 million and successfully completed Value Add renovations with a 16.4% ROI. Furthermore, Independence Realty Trust declared a quarterly dividend increase of 5.9% and had its outlook upgraded to 'Positive' by Fitch Ratings, while affirming its full-year 2026 CFFO guidance.
2026-08-04 01:10:27
Independence Realty Trust Inc (NYSE: IRT) reported Q2 EPS of $0.01, missing analyst estimates by $0.02, though revenue of $167.13 million topped the consensus estimate of $167.06 million. The company's stock is up 2.38% in the last three months but down 2.78% over the past year, with a "fair performance" financial health score according to InvestingPro.
