Independence Realty Trust Inc. (IRT)
NYSE: IRTReal EstateReal Estate Investment TrustsUSD
At close: Oct 7, 4:00 PM ET · Delayed 15 min
IRT stock chart
Technical analysisKey statistics
All statistics- Market cap
- $3.49B
- P/E (TTM)
- 80.22
- Forward P/E
- 180.50
- EPS (TTM)
- $0.18
- Dividend yield
- 4.78% ($0.69)
- Ex-dividend date
- Sep 30, 2026
- 52-week range
- 14.34 – 17.79
- Day range
- 14.41 – 14.72
- Volume / Avg
- 3.32M / 3.15M
- Beta
- —
- Shares outstanding
- 235.74M
- Next earnings
- Nov 4, 2026
52-week range
IRT stock today
Shares of Independence Realty (IRT) finished lower on Oct 7 at $14.44, a drop of 1.97% or $0.29 per share, versus the S&P 500's 0.22% decline. Shares are 18.8% below their 52-week high of $17.79, set on Dec 30, 2025 and 0.7% above the 52-week low of $14.34, near the bottom of the past year's range. IRT is down 17.4% year to date, underperforming the S&P 500 (+14.0%). Over the past 12 months, the stock has lost 11.0%.
At 80.2x trailing earnings, Independence Realty trades above the peer-group median of 23.8x. Its forward P/E of 180.5x is higher than the trailing multiple, which means analysts expect earnings to decline over the next year. Independence Realty's next earnings report is expected on Nov 4, 2026. Independence Realty pays an annual dividend of $0.69 per share, a 4.78% yield at the current price.
Summary generated from market data by MetaCap's automated system. Methodology
About Independence Realty
Company profileIndependence 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. 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.
- Sector
- Real Estate
- Industry
- Real Estate Investment Trusts
- CEO
- Mr. Scott F. Schaeffer
- Headquarters
- Philadelphia, PA
- Employees
- 904
- IPO year
- 2013
- Website
- irtliving.com
Financial highlights
Full financialsIn fiscal 2025, Independence Realty generated $657.7 million in revenue, up 2.8% from fiscal 2024. Net income was $56.6 million (+43.9% year over year), for a net margin of 8.6% versus a median of 7.0% in the prior 5 years. Diluted earnings per share came in at $0.24, up from $0.17.
| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $657.70M | $640.03M | $660.98M | $628.52M | $250.25M |
| Growth | +2.76% | -3.17% | +5.16% | +151.16% | +18.10% |
| Net income | $56.56M | $39.29M | $-17.23M | $117.25M | $44.59M |
| EPS (diluted) | $0.24 | $0.17 | $-0.08 | $0.53 | $0.41 |
Analyst forecast
ForecastConsensus (13 analysts)
buy
Avg. price target
$19.27+33.45%
- Strong buy 3
- Buy 7
- Hold 3
- Sell 0
- Strong sell 0
Target range
Ratings and targets reflect third-party analyst opinions, not MetaCap recommendations.
Earnings
Earnings history- Next report
- Nov 4, 2026
- EPS estimate
- $0.29
- Last reported (Q2 2026)
- Aug 4, 2026
- EPS actual vs est.
- $0.01 vs —
Dividends
Dividend history- Annual dividend
- $0.69
- Dividend yield
- 4.78%
- Last payment
- $0.18
- Ex-dividend date
- Sep 30, 2026
Independence Realty peers
Real Estate sector| Company | Price | % Chg | Market cap | Compare |
|---|---|---|---|---|
| LXPLXP Industrial Trust | 60.96 | +0.02% | $3.59B | vs IRT |
| HIWHighwoods Properties Inc. | 29.38 | -0.88% | $3.30B | vs IRT |
| SLGSL Green Realty Corp | 48.60 | +0.41% | $3.73B | vs IRT |
| APLEApple Hospitality REIT Inc. | 16.04 | -1.78% | $3.79B | vs IRT |
| CXWCoreCivic Inc. | 31.82 | +0.13% | $3.15B | vs IRT |
| CDPCOPT Defense Properties | 33.39 | -0.86% | $3.87B | vs IRT |
| BNLBroadstone Net Lease Inc. | 18.28 | -1.88% | $3.89B | vs IRT |
| COLDAmericold Realty Trust Inc. | 13.65 | -1.52% | $3.92B | vs IRT |
Indexes, lists and sector
Appears in lists
Largest Real Estate stocks
Independence Realty stock FAQ
What is Independence Realty's stock price today?
IRT last traded at $14.44 as of Oct 7, 4:00 PM EDT, down 1.97% on the day. Prices are delayed at least 15 minutes.
Does Independence Realty pay a dividend?
Yes. Independence Realty pays $0.69 per share annually, a 4.78% yield. The most recent dividend of $0.18 had an ex-dividend date of Sep 30, 2026.
When is Independence Realty's next earnings date?
Independence Realty is expected to report earnings on Wednesday, November 4, 2026. Analysts expect EPS of $0.29.
What is IRT's P/E ratio?
IRT trades at a trailing P/E ratio of 80.22 and a forward P/E of 180.50, compared with a median of 23.8 for its closest peers.
Who is Independence Realty's CEO?
Mr. Scott F. Schaeffer is the chief executive officer of Independence Realty Trust Inc., which has about 904 employees.
What is the IRT 52-week high?
The 52-week high for IRT is $17.79 and the 52-week low is $14.34. The stock is currently 18.8% below its high.