Independence Realty (IRT) vs Kilroy Realty (KRC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Independence Realty (IRT) has outperformed Kilroy Realty (KRC) over the past year, losing 10.5% versus a loss of 17.4%. Over five years, IRT leads with a -31.3% price change compared with -50.9% for KRC. Kilroy Realty is the larger company by market cap ($4.02 billion vs $3.54 billion), about 1.1 times the size, while Independence Realty is growing revenue faster (+2.8% vs -2.0%).
On valuation, Kilroy Realty trades at a lower forward P/E (100.6x vs 183.0x for Independence Realty). Kilroy Realty offers the higher dividend yield (6.32% vs 4.71%). Kilroy Realty converts more of its revenue into profit, with a net margin of 27.2% versus 8.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | IRT | KRC |
|---|---|---|
| Share price | $14.64 | $34.19 |
| Market cap | $3.54B | $4.02B |
| 1-day change | +1.39% | +0.53% |
| YTD return | -16.25% | -8.51% |
| 1-year return | -10.51% | -17.44% |
| 5-year return | -31.30% | -50.95% |
| P/E ratio (TTM) | 81.33 | 23.91 |
| Forward P/E | 183.00 | 100.56 |
| EPS (TTM) | $0.18 | $1.43 |
| Dividend yield | 4.71% | 6.32% |
| Annual dividend | $0.69 | $2.16 |
| Revenue (latest FY) | $657.70M | $1.11B |
| Revenue growth (YoY) | +2.76% | -2.02% |
| Net income (latest FY) | $56.56M | $302.64M |
| Net margin | 8.60% | 27.20% |
| 52-week high | $17.79 | $43.58 |
| 52-week low | $14.33 | $27.36 |
| Distance from 52-week high | -17.71% | -21.55% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +31.63% | +17.20% |
| Average volume | 3.21M | 1.30M |
| Shares outstanding | 235.74M | 116.31M |
| Employees | 904 | 241 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Independence Realty trades at a higher earnings multiple (81.3x vs 23.9x trailing P/E).
- Kilroy Realty offers a meaningfully higher dividend yield (6.32% vs 4.71%).
- Kilroy Realty is more profitable, keeping 27.2 cents of every revenue dollar as net income versus 8.6 cents for Independence Realty.
About Independence Realty
IRT stock →Independence Realty Trust, Inc., an S&P 400 MidCap Company, is a real estate investment trust that owns and operates multifamily communities across non-gateway U.S. markets.
Real Estate · Real Estate Investment Trusts · 904 employees
About Kilroy Realty
KRC stock →Kilroy Realty Corporation is a leading U.S. landlord and developer, with operations in the San Francisco Bay Area, Los Angeles, Seattle, San Diego, and Austin.
Real Estate · Real Estate Investment Trusts · 241 employees
IRT vs KRC FAQ
Which is bigger, Independence Realty or Kilroy Realty?
Kilroy Realty (KRC) is larger, with a market capitalization of $4.02B compared with $3.54B for Independence Realty (IRT).
Which stock has performed better over the past year, IRT or KRC?
IRT returned -10.51% over the past 12 months, compared with -17.44% for KRC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, IRT or KRC?
KRC has the lower trailing P/E at 23.9, versus 81.3 for IRT. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Independence Realty or Kilroy Realty?
Kilroy Realty has the higher yield at 6.32%, compared with 4.71% for Independence Realty.
Are Independence Realty and Kilroy Realty in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.