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. The company's strategy involves establishing a strong presence in select, amenity-rich submarkets, which are identified by features like excellent school systems, quality retail establishments, and significant employment hubs. Ultimately, IRT seeks to deliver appealing risk-adjusted returns to its shareholders. This is accomplished through meticulous portfolio oversight, robust operational execution, and a reliable return on capital, generated via both dividend distributions and asset value appreciation.
CEO: Scott F. Schaeffer. Company website
Independence Realty Trust, Inc. (IRT) trades at $14.79, down 1.73% on the day, as of Sep 20, 2026 14:58 UTC.
Independence Realty Trust, Inc. has a market capitalisation of $3.49B, calculated from the live IRT share price and shares outstanding.
IRT trades at a trailing P/E of 82.17, from earnings per share of $0.18 over the last twelve months.
Independence Realty Trust, Inc. generated revenue of $666.83M over the trailing twelve months, which puts the stock at 5.23 times sales.
Yes. Independence Realty Trust, Inc. pays a dividend yielding 3.90% on the current share price.
IRT has traded between $14.60 and $17.79 over the past 52 weeks, and the last price is 16.9% below that high.
Yes. Independence Realty Trust, Inc. keeps 6.52% of revenue as net income over the trailing twelve months.
Wall Street analysts rate IRT Buy, with an average price target of $19.33, 30.7% above the current price.
Independence Realty Trust, Inc. is classified under the Real Estate sector and the REIT - Residential industry, and is domiciled in US.
Scott F. Schaeffer is the chief executive of Independence Realty Trust, Inc., which employs 904 people.
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