Independence Realty Trust, Inc. | REIT Profile

Symbol: IRT
CIK: 1466085
Exchange: NYSE
Founded: 2009 (13 years)
HQ: Philadelphia, PA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Residential

See IRT on Google Finance
See IRT on Yahoo Finance
See IRT on SEC.gov

Website Logo  Linkedin Logo  Instagram Logo  RSS Logo 

Overall Score: 6.6

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


Independence Realty Trust, Inc. Company Logo

Stock Chart

See in Advanced Graph View

Hightlights of Trading Day January 20, 2022


Open Price: $22.65
Closing Price: $22.34
Price Change: -0.36 (-1.586%)
Lowest Price: $22.32
Highest Price: $23

52-Week Low: $12.82
52-Week High: $25.98
52-Week Change: 68.68%

5 Day Price Change: -5.14%
1 Month Price Change: -6.15%
3 Month Price Change: 6.51%
6 Month Price Change: 18.65%
YTD Price Change: -12.12%
1 Year Price Change: 72.56%
2 Year Price Change: 65.25%
5 Year Price Change: 245.45%

Dividend of Trading Day January 20, 2022


Dividend Yield: 2.149%*
Annualized Dividend: $0.48*
Dividend Yield (TTM): 1.66%
Annualized Dividend (TTM): $0.3769
Ex-Dividend Date: 2021-12-29
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for Independence Realty Trust, Inc.

Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 20, 2022


Total Cash: N/A
Current Debt: N/A
Revenue: N/A
Gross Profit: N/A
Total Revenue: N/A
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): N/A
Revenue Per Share: N/A
Revenue Per Employee: N/A
Employee: 444
Debt to Equity Ratio (D/E): N/A
Profit Margin: N/A
Enterprise Value (EV): N/A
Enterprise Value to Revenue (EV/R): N/A
Price to Sales (P/S): N/A
Price to Book (P/B): N/A
Price/Earnings-to-Growth (PEG) Ratio: N/A
P/E Ratio: N/A
P/E High: N/A
P/E Low: N/A
Forward P/E Ratio: 95.80
Market Capitalization: $2,348,200,807
Beta: 0.77
Latest Volume: 2,376,618
Avg. Total Volume: 3,262,543
Avg. 10-Day Volume: 2,381,661
Avg. 30-Day Volume: 3,262,543
TTM EPS: N/A
Shares Outstanding: 105,111,943
Float: N/A
50-Day Moving Avg.: $24.20
200-Day Moving Avg.: $21.87

Latest REIT Community Comments on #IRT


See more community comments related to IRT

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $14.41 per share you would have been able to buy 69 shares of IRT on 2021-01-21 costing $994.29 @ $14.41 per share you would have been able to buy 34 shares of IRT on 2021-01-21 costing $489.94 @ $14.41 per share you would have been able to buy 17 shares of IRT on 2021-01-21 costing $244.97 @ $14.41 per share you would have been able to buy 6 shares of IRT on 2021-01-21 costing $86.46 @ $14.41 per share you would have been able to buy 3 shares of IRT on 2021-01-21 costing $43.23
Current worth On 2022-01-20 these 69 shares would be worth $1,541.46 @ $22.34 On 2022-01-20 these 34 shares would be worth $759.56 @ $22.34 On 2022-01-20 these 17 shares would be worth $379.78 @ $22.34 On 2022-01-20 these 6 shares would be worth $134.04 @ $22.34 On 2022-01-20 these 3 shares would be worth $67.02 @ $22.34
Dividends earned $48.24 in dividends would have been earned since 2021-01-21 with 69 shares. $24 in dividends would have been earned since 2021-01-21 with 34 shares. $11.89 in dividends would have been earned since 2021-01-21 with 17 shares. $4.19 in dividends would have been earned since 2021-01-21 with 6 shares. $2.10 in dividends would have been earned since 2021-01-21 with 34 shares.
Net (gain / loss)* 595.41 USD 293.39 USD 146.70 USD 51.77 USD 25.89 USD
ROI** 59.88% 59.88% 59.88% 59.88% 59.88%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by IRT. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
IRT 2021-12-29 0.120 21.05% 2021-12-02 2021-12-30 2022-01-21
IRT 2021-12-16 0.099 -17.39% 2021-12-02 2021-12-17 2022-01-18
IRT 2021-09-30 0.120 --- 2021-09-13 2021-10-01 2021-10-22
IRT 2021-07-01 0.120 --- 2021-06-14 2021-07-02 2021-07-23
IRT 2021-03-31 0.120 --- 2021-03-15 2021-04-02 2021-04-23
IRT 2020-12-29 0.120 --- 2020-12-14 2020-12-30 2021-01-22
IRT 2020-10-01 0.120 --- 2020-09-15 2020-10-02 2020-10-23
IRT 2020-07-01 0.120 -33.33% 2020-06-15 2020-07-02 2020-07-24
IRT 2020-04-01 0.180 --- 2020-03-16 2020-04-02 2020-04-24
IRT 2019-12-24 0.180 --- 2019-12-16 2019-12-26 2020-01-24
IRT 2019-09-26 0.180 --- 2019-09-12 2019-09-27 2019-10-25
IRT 2019-06-27 0.180 --- 2019-06-17 2019-06-28 2019-07-25
IRT 2019-03-28 0.180 --- 2019-03-18 2019-03-29 2019-04-25
IRT 2018-12-26 0.180 --- 2018-12-13 2018-12-27 2019-01-24
IRT 2018-10-04 0.180 --- 2018-09-17 2018-10-05 2018-10-19
IRT 2018-07-05 0.180 --- 2018-06-14 2018-07-06 2018-07-20
IRT 2018-04-03 0.180 200.00% 2018-03-13 2018-04-04 2018-04-20
IRT 2017-12-28 0.060 --- 2017-10-12 2017-12-29 2018-01-15
IRT 2017-11-29 0.060 --- 2017-10-12 2017-11-30 2017-12-15
IRT 2017-10-30 0.060 --- 2017-10-12 2017-10-31 2017-11-15

Financial Statements Overview


The next Earnings Report for IRT is 2022-02-16

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2020-09-30 2020-06-30 2020-03-31 2019-12-31
Current Cash 17,109,000 18,161,000 62,176,000 14,433,000
Receivables 0 0 0 0
Inventory 49,264,000 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 0 953,000
Property, Plant & Equipment Net 2,573,000 2,664,000 2,753,000 2,812,000
Goodwill 0 0 0 0
Intangible Assets 0 74,000 260,000 410,000
Other Assets 59,636,000 11,589,000 7,978,000 7,568,000
Net Tangible Assets 603,531,000 610,761,000 622,929,000 612,329,000
Total Assets 1,700,428,000 1,708,912,000 1,757,138,000 1,664,106,000
Accounts Payable 0 0 0 0
Liabilities (Other) 84,915,000 80,591,000 75,310,000 55,601,000
Current Liabilities (Other) 11,449,000 11,423,000 17,128,000 16,491,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 1,879,000 3,926,000 6,094,000 8,135,000
Long-term Debt 1,005,288,000 1,008,009,000 1,046,563,000 980,613,000
Total Liabilities 1,092,082,000 1,092,526,000 1,127,967,000 1,044,349,000
Minority Interest 2,000 10,000 -2,000 236,000
Common Stock 94,823,806 94,741,146 94,691,806 91,070,637
Retained Earnings -179,834,000 -169,585,000 -159,045,000 -141,525,000
Treasury Stock 0 0 0 0
Capital Surplus 820,105,000 818,719,000 817,501,000 765,992,000
Shareholder Equity 603,531,000 610,982,000 623,653,000 613,279,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2020-09-30 2020-06-30 2020-03-31 2019-12-31
Total Revenue 55,608,000 53,227,000 51,485,000 51,237,000
Cost of Revenue 39,439,000 38,282,000 36,721,000 35,227,000
Gross Profit 16,169,000 14,945,000 14,764,000 16,010,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 42,351,000 41,856,000 42,097,000 38,214,000
Operating Income 13,257,000 11,371,000 9,388,000 13,023,000
Income Expense Net (Other) -12,165,000 -10,572,000 -9,762,000 10,997,000
EBIT 13,257,000 11,371,000 9,388,000 13,023,000
Interest Income 10,357,000 10,309,000 9,635,000 9,735,000
Pretax Income 1,092,000 799,000 -374,000 24,020,000
Income Tax 0 0 0 0
Minority Interest 2,000 10,000 -2,000 236,000
Net Income 1,090,000 789,000 -372,000 23,784,000
Net Income Basic 1,090,000 789,000 -372,000 23,784,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2020-09-30 2020-06-30 2020-03-31 2019-12-31
Net Income 1,090,000 789,000 -372,000 23,784,000
Depreciation 15,232,000 15,231,000 14,828,000 14,213,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -1,052,000 -44,015,000 47,743,000 -1,114,000
Cash Flow 26,227,000 22,655,000 11,684,000 15,644,000
Capital Expenditures -9,916,000 -8,498,000 -8,572,000 -11,800,000
Investments -829,000 -20,000 -50,598,000 -19,423,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -10,745,000 -8,518,000 -59,170,000 -31,223,000
Dividends Paid -11,329,000 -16,986,000 -16,493,000 -16,302,000
Net Borrowings -5,036,000 -40,992,000 63,608,000 28,670,000
Cash Flow Financing -16,534,000 -58,152,000 95,229,000 14,465,000
Financing Cash Flows (Other) -67,000 -142,000 -160,000 -800,000
Exchange Rate Effect 0 0 0 0

About Independence Realty Trust, Inc.


Independence Realty Trust ("IRT") (NYSE MKT: IRT) is a publicly traded real estate investment trust (REIT) which owns and manages 46 communities containing more than 12,750 apartment units primarily in Southeast and Midwest portion of the United States. IRT is headquartered in Philadelphia, PA with over 400 employees nationally.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
9 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.8
Rating AFFO & Efficiency Section Avg. Rating
9 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 7.7
7 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
4 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
7 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
5 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
6 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
7 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
7 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
6.6 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

REITProperty


Below are some of the properties owned by this IRT. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
Bridge Pointe Residential 7584 Old Madison Pike Huntsville AL
Stonebridge at the Ranch Residential 1 Stonebridge Circle Little Rock AR
Carrington Park Residential 1801 Champlin Drive Little Rock AR

Related REITs


REIT REITRating™ Score Exchange Market Capitalization Sector Country
Equity Residential (EQR) 8.0 NYSE Large-Cap Residential United States
Mid-America Apartment Communities, Inc. (MAA) 8.4 NYSE Large-Cap Residential United States
Apartment Investment & Management Co. (Aimco) (AIV) 3.2 NYSE Small-Cap Residential United States
AvalonBay Communities, Inc. (AVB) 8.3 NYSE Large-Cap Residential United States
UDR Inc. (UDR) 7.6 NYSE Large-Cap Residential United States

Last updated: 2022-01-21 - v2.9