Independence Realty Trust Inc IRT
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if IRT is a good fit for your portfolio.
News
-
Independence Realty Trust Announces First Quarter 2024 Financial Results
-
Independence Realty Trust Announces First Quarter 2024 Earnings Release and Conference Call Dates
-
Independence Realty Trust Completes Sale of Three Additional Properties as Part of Portfolio Optimization and Deleveraging Strategy
-
Independence Realty Trust Announces 2023 Sustainability Report
-
Independence Realty Trust Announces First Quarter 2024 Dividend
-
Independence Realty Trust Receives Investment Grade Credit Rating from Fitch
-
Independence Realty Trust to Present at Citi’s 2024 Global Property CEO Conference
-
Independence Realty Trust Appoints Craig Macnab to its Board of Directors
Trading Information
- Previous Close Price
- $15.67
- Day Range
- $15.48–15.80
- 52-Week Range
- $11.61–18.77
- Bid/Ask
- $12.16 / $16.50
- Market Cap
- $3.55 Bil
- Volume/Avg
- 19 / 2.2 Mil
Key Statistics
- Price/Earnings (Normalized)
- 63.52
- Price/Sales
- 5.35
- Dividend Yield (Trailing)
- 4.06%
- Dividend Yield (Forward)
- 4.06%
- Total Yield
- 4.19%
Company Profile
Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.
- Sector
- Real Estate
- Industry
- REIT - Residential
- Stock Style Box
- Small Core
- Total Number of Employees
- 952
- Website
- https://www.irtliving.com
Comparables
Valuation
|
Metric
|
IRT
|
INDT
|
PLYM
|
|---|---|---|---|
Price/Earnings (Normalized) | 63.52 | 694.59 | 81.72 |
Price/Book Value | 1.03 | 1.76 | 1.95 |
Price/Sales | 5.35 | 13.45 | 4.55 |
Price/Cash Flow | 12.82 | 48.10 | 10.68 |
Price/Earnings
IRT
INDT
PLYM
Financial Strength
|
Metric
|
IRT
|
INDT
|
PLYM
|
|---|---|---|---|
Quick Ratio | 0.02 | 0.96 | 0.06 |
Current Ratio | 0.35 | 1.08 | 0.11 |
Interest Coverage | 0.80 | 0.25 | 1.38 |
Quick Ratio
IRT
INDT
PLYM
Profitability
|
Metric
|
IRT
|
INDT
|
PLYM
|
|---|---|---|---|
Return on Assets (Normalized) | 0.94% | −0.20% | 1.09% |
Return on Equity (Normalized) | 1.72% | −0.29% | 3.45% |
Return on Invested Capital (Normalized) | 2.39% | 0.55% | 3.17% |
Return on Assets
IRT
INDT
PLYM
REIT - Residential Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
AVB
| AvalonBay Communities Inc | Wmfbjvdwn | Wnvx | $27.2 Bil | |
EQR
| Equity Residential | Kvchqhm | Dxxl | $24.5 Bil | |
INVH
| Invitation Homes Inc | Vfpdlxnh | Hcgpx | $21.0 Bil | |
ESS
| Essex Property Trust Inc | Slxzdpz | Vsvn | $15.9 Bil | |
SUI
| Sun Communities Inc | Zwbvcnk | Mcssn | $15.0 Bil | |
MAA
| Mid-America Apartment Communities Inc | — | Xbvd | $14.9 Bil | |
AMH
| American Homes 4 Rent Class A | — | Swr | $13.0 Bil | |
UDR
| UDR Inc | — | Sxztk | $12.2 Bil | |
ELS
| Equity Lifestyle Properties Inc | Jwpchpgqr | Hwrrk | $11.5 Bil | |
AIRC
| Apartment Income REIT Corp Class A | Jqqcndsx | Bwlrl | $5.6 Bil |