Companies
/Real Estate
Independence Realty Trust Inc
$14.83
▼ $0.03 (−0.17%) today
Markets closed · 4:44pm ET
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IRT at a Glance
Valuation
- Market cap
- $3.6B
- P/E ratio
- 82.5
- Dividend yield
- 4.76%
Profitability
- Revenue (TTM)
- $677.2M
- Profit margin
- 6.4%
- EPS (TTM)
- $0.18
Price
- 52-week range
- $14 – $17
- Street target
- $18.69
Earnings
- Next report
- Nov 2, 2026
Headquartered in Philadelphia, PA Fiscal year ends December NYSE: IRT irtliving.com
About Independence Realty Trust
Independence Realty Trust, Inc. (NYSE: IRT) is an S&P 400 MidCap real estate investment trust (REIT) that owns and operates multifamily apartment communities across non-gateway U.S. markets. The company's investment strategy focuses on gaining scale near major employment centers within amenity-rich submarkets offering quality school districts and retail. As of December 31, 2025, IRT's portfolio consisted of 114 operating properties comprising 33,462 units across markets including Atlanta, Dallas, Columbus, Indianapolis, Oklahoma City, Tampa-St. Petersburg, Denver, Nashville, Raleigh-Durham, and others. The company actively pursues a Value Add renovation program to enhance unit quality and increase rental rates, and participates in joint venture development projects. IRT generates revenue primarily through rental income from its multifamily communities and returns capital to shareholders through dividends and share repurchases. Updated
Frequently Asked Questions
What does Independence Realty Trust do?
Independence Realty Trust, Inc. (NYSE: IRT) is an S&P 400 MidCap real estate investment trust (REIT) that owns and operates multifamily apartment communities across non-gateway U.S. markets.
What is the IRT stock price target?
The Wall Street consensus 12-month price target for IRT is $18.69.