Independence Realty Trust, Inc. (IRT) is a publicly traded company in the Real Estate — REIT - Residential industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Independence Realty Trust (IRT), publicly traded as NYSE: IRT, operates as a real estate investment trust specializing in owning and managing multifamily apartment communities. Their portfolio is concentrated in non-gateway U.S. markets such as Atlanta, Louisville, Memphis, and Raleigh.
Is Independence Realty Trust, Inc. stock overvalued or undervalued in 2026?
Independence Realty Trust, Inc. (IRT) trades at 80.7× earnings (P/E). At its 10-year average P/FFO (18.7×) $24 (+62 %); at the decade median (14.8×) $19 (+28 %).
Kaplio overview: Independence Realty Trust, Inc.
Market cap $3B · 52 weeks $14 – $18 (17 % below the high) · P/E 80.7× · 2027 expected P/E 75.6× · Dividend 4.7 % · 4 years rising · Next earnings November 2, 2026 · expected EPS $0.05 · Closing price, Oct 29 · accounts published Aug 3.
- Valuation: P/FFO 11.5× (expensive).
- Business: FFO/dividend 1.9× (solid).
- Balance sheet: Net debt/EBITDA 5.9× (passes, near the threshold).
- Earnings: 4 of 8 (no verdict).
What would it be worth at its usual multiples?
At its 10-year average P/FFO (18.7×) $24 (+62 %); at the decade median (14.8×) $19 (+28 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in REITs: 4 of 5 pass
- P/FFO 11.5×, fails.
- Dividend coverage (FFO/div) 1.9×, passes.
- Debt / Assets 37.9 %, passes.
- Net debt / EBITDA 5.9×, passes, near the threshold.
- FFO Payout (proxy) 54.7 %, passes.
- FFO / Share $1.28, info.
Against its peers (reference peers) — Independence Realty Trust, Inc.: P/B 1.0×; Div. yield 4.7 %; EV/EBITDA 15.5×; $3.5B. Broadstone Net Lease, Inc. (P/B 1.2×; Div. yield 6.7 %; EV/EBITDA 13.9×; $3.3B), National Health Investors, Inc. (P/B 2.1×; Div. yield 5.5 %; EV/EBITDA 14.3×; $3.3B), DigitalBridge Group, Inc. (P/B 1.2×; Div. yield 0.2 %; EV/EBITDA 8.9×; $3.0B).
Expensive or cheap against its last ten fiscal years?
Precio / FFO (aprox.) at each close: today 11.6× · median 14.8× · minimum 11.6× · maximum 53.7× · cheap below 14.2× · expensive above 16.9×. It has been cheaper than today only 0% of the time over its last ten fiscal years.
Dividend
solid · Yield 4.7 % ($0.66 per share in 2025) · Years raising it 4 · 5-year growth +2 % a year · Free cash flow coverage FFO payout 55 % · With $1,000 invested today you'd collect $47.10 a year ($3.93 a month).
Profitability
| Return on Equity | 1.27% |
| Return on Invested Capital | 495.61% |
| Return on Assets | 0.71% |
| Gross Margin | 1.00% |
| Operating Margin | 17.04% |
| Net Margin | 6.52% |
Financial Health
| Debt / Equity | 0.73 |
| Current Ratio | 0.27 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 0.88 |
Price Performance
| 1 month | -2.56% |
| 3 months | -13.11% |
| Year-to-date | -17.33% |
| 1 year | -4.43% |
| 3 years | +19.52% |
| 5 years | -38.85% |
| 10 years | +73.47% |
Dividend History
Paid in the last 12 months: $0.7000 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-30 | $0.1800 |
| 2026-06-26 | $0.1800 |
| 2026-03-27 | $0.1700 |
| 2025-12-31 | $0.1700 |
| 2025-09-30 | $0.1700 |
| 2025-06-27 | $0.1700 |
| 2025-03-28 | $0.1600 |
| 2024-12-31 | $0.1600 |
| 2024-09-30 | $0.1600 |
| 2024-06-28 | $0.1600 |
Amounts adjusted for stock splits.
Related companies: PSA · NHI · SKT · EPR · BNL · COLD · SHO
Explore sector: Real Estate · REIT - Residential
More sections of IRT: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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