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16.87 USD
P/E
84.60
EPS
0.20
Yield
4.03%
Safety Score
71
P/B
1.17
ROE
1.38
Beta
0.97
Target Price
19.14 USD
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Key Metrics
Earnings dateJuly 29, 2026
P/E84.60
EPS0.20
Book Value14.42
Price to Book1.17
Debt/Equity69.19
% Insiders0.680%
Growth
Revenue Growth0.02%
Earnings Growth-0.41%
Estimates
Forward P/E99.53
Forward EPS0.17
Target Mean Price19.14
Dividend
Dividend Yield4.03%
Annual dividends0.68 USD
Ex-Div. DateJune 26, 2026
Payout7.07%
5y avg Yield3.24%

DCF Valuation

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DCF Result

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Upside
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Terminal PV
Σ PV of FCFs
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

Independence Realty Trust, Inc. Logo Independence Realty Trust, Inc. Analysis (IRT)

United States Real Estate Official Website Stock

Is Independence Realty Trust, Inc. a good investment? Independence Realty Trust, Inc. (IRT) is currently trading at 16.87 USD. Market analysts have a consensus price target of 19.14 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 84.60. This high multiple suggests investors have priced in significant future growth expectations.

Earnings Schedule: Independence Realty Trust, Inc. is expected to release its next earnings report on July 29, 2026. The market consensus estimate for Forward EPS is 0.17.

For income investors, Independence Realty Trust, Inc. pays a dividend yield of 4.03%. With a payout ratio of 7%, the dividend appears sustainable.

Investor FAQ

Does Independence Realty Trust, Inc. pay a dividend?

Yes, it pays an annual dividend of 0.68 USD (4.03% yield).

What asset class is Independence Realty Trust, Inc.?

Independence Realty Trust, Inc. is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be July 29, 2026. The company currently has a trailing EPS of 0.20.

Company Profile

Independence Realty Trust, Inc. a Maryland corporation, is a self-administered and self-managed real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. As of December 31, 2025, we owned and operated 114 multifamily apartment properties (including one owned through a consolidated joint venture) that contain an aggregate of 33,462 units in the following Southeastern and Midwestern states: Alabama, Colorado, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, and Texas. In addition, as of December 31, 2025, we owned one investment in real estate under development in Denver, Colorado that will, upon completion, contain 296 units. As of December 31, 2025, we also owned interests in four unconsolidated joint ventures, two of which own and operate multifamily apartment properties that contain an aggregate of 653 units and two that are developing multifamily apartment properties that will, upon completion, contain an aggregate of 642 units. Independence Realty Trust, Inc. was incorporated in 2009 in Maryland and is based in Philadelphia, United States.

Exchange Ticker
NYQ (United States) IRT
Trades
Dividend Yield
4.03%
5y avg 3.24%
Annual Dividends
0.68USD
Next Ex. Div Date
June 26, 2026
Payout Ratio
7.07%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
2027
0.37 USD
April 15, 2027 (estimated) 0.1690
Jan. 15, 2027 (estimated) 0.1973
2026
0.70 USD
Oct. 15, 2026 (estimated) 0.1832
July 17, 2026 0.1800
April 17, 2026 0.1700
Jan. 23, 2026 0.1700
2025
0.66 USD
Oct. 24, 2025 0.1700
July 18, 2025 0.1700
April 21, 2025 0.1600
Jan. 17, 2025 0.1600
2024
0.64 USD
Oct. 18, 2024 0.1600
July 19, 2024 0.1600
April 19, 2024 0.1600
Jan. 19, 2024 0.1600
2023
0.60 USD
Oct. 20, 2023 0.1600
July 21, 2023 0.1600
April 21, 2023 0.1400
Jan. 20, 2023 0.1400
2022
0.52 USD
Oct. 21, 2022 0.1400
July 22, 2022 0.1400
April 22, 2022 0.1200
Jan. 21, 2022 0.0210
Jan. 18, 2022 0.0991
2021
0.48 USD
Oct. 22, 2021 0.1200
July 23, 2021 0.1200
April 23, 2021 0.1200
Jan. 22, 2021 0.1200
2020
0.60 USD
Oct. 23, 2020 0.1200
July 24, 2020 0.1200
April 24, 2020 0.1800
Jan. 24, 2020 0.1800
2019
0.72 USD
Oct. 25, 2019 0.1800
July 25, 2019 0.1800
April 25, 2019 0.1800
Jan. 24, 2019 0.1800
2018
0.60 USD
Oct. 19, 2018 0.1800
July 20, 2018 0.1800
April 20, 2018 0.1800
Jan. 15, 2018 0.0600
2017
0.72 USD
Dec. 15, 2017 0.0600
Nov. 15, 2017 0.0600
Oct. 13, 2017 0.0600
Sept. 15, 2017 0.0600
Aug. 15, 2017 0.0600
July 17, 2017 0.0600
June 15, 2017 0.0600
May 15, 2017 0.0600
April 17, 2017 0.0600
March 15, 2017 0.0600
Feb. 15, 2017 0.0600
Jan. 17, 2017 0.0600
2016
0.72 USD
Dec. 15, 2016 0.0600
Nov. 15, 2016 0.0600
Oct. 17, 2016 0.0600
Sept. 15, 2016 0.0600
Aug. 15, 2016 0.0600
July 15, 2016 0.0600
June 15, 2016 0.0600
May 16, 2016 0.0600
April 15, 2016 0.0600
March 15, 2016 0.0600
Feb. 16, 2016 0.0600
Jan. 15, 2016 0.0600
2015
0.72 USD
Dec. 15, 2015 0.0600
Nov. 16, 2015 0.0600
Oct. 15, 2015 0.0260
Oct. 15, 2015 0.0340
Sept. 15, 2015 0.0600
Aug. 17, 2015 0.0600
July 15, 2015 0.0600
June 15, 2015 0.0600
May 15, 2015 0.0600
April 15, 2015 0.0600
March 16, 2015 0.0600
Feb. 17, 2015 0.0600
Jan. 15, 2015 0.0600
2014
0.71 USD
Dec. 15, 2014 0.0600
Nov. 17, 2014 0.0600
Oct. 15, 2014 0.0600
Sept. 16, 2014 0.0600
Aug. 15, 2014 0.0600
July 15, 2014 0.0600
June 16, 2014 0.0600
May 15, 2014 0.0600
April 15, 2014 0.0600
March 17, 2014 0.0600
Feb. 17, 2014 0.0600
Jan. 15, 2014 0.0533
2013
0.21 USD
Dec. 16, 2013 0.0533
Nov. 15, 2013 0.0533
Oct. 15, 2013 0.0533
Sept. 13, 2013 0.0533
Upcoming Dividends
Name Payment Date Status Amount
Independence Realty Trust, Inc. Jul 17, 2026 Upcoming 0.18 USD
Independence Realty Trust, Inc. Apr 17, 2026 0.17 USD
Independence Realty Trust, Inc. Jan 23, 2026 0.17 USD
Independence Realty Trust, Inc. Oct 24, 2025 0.17 USD
Independence Realty Trust, Inc. Jul 18, 2025 0.17 USD
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