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Independence Realty Trust Inc IRT

Morningstar Rating
$15.61 +0.07 (0.42%)
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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.

Price vs Fair Value

IRT is trading at a 30% discount.
Price
$15.63
Fair Value
$48.78
Uncertainty
High
1-Star Price
$66.43
5-Star Price
$15.59
Economic Moat
Zgj
Capital Allocation
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News

Trading Information

Previous Close Price
$15.54
Day Range
$15.5415.74
52-Week Range
$11.6618.75
Bid/Ask
$15.60 / $15.61
Market Cap
$3.51 Bil
Volume/Avg
2.2 Mil / 2.2 Mil

Key Statistics

Price/Earnings (Normalized)
63.15
Price/Sales
5.32
Dividend Yield (Trailing)
4.12%
Dividend Yield (Forward)
4.12%
Total Yield
4.27%

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

Comparables

Valuation

Metric
IRT
INDT
PLYM
Price/Earnings (Normalized)
63.15694.5978.66
Price/Book Value
1.031.761.88
Price/Sales
5.3213.454.38
Price/Cash Flow
12.7448.1010.28
Price/Earnings
IRT
INDT
PLYM

Financial Strength

Metric
IRT
INDT
PLYM
Quick Ratio
0.020.960.06
Current Ratio
0.351.080.11
Interest Coverage
0.800.251.38
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
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REIT - Residential Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
AVB
AvalonBay Communities IncVgjzhlgmcTcvt$25.9 Bil
EQR
Equity ResidentialQrcqnhmMpfnp$23.1 Bil
INVH
Invitation Homes IncDhwtrqlzBhdz$20.5 Bil
ESS
Essex Property Trust IncDklttndhkVrv$15.0 Bil
SUI
Sun Communities IncPcwrsdxvBlx$14.7 Bil
MAA
Mid-America Apartment Communities IncThmm$14.5 Bil
AMH
American Homes 4 Rent Class AVgyv$12.8 Bil
UDR
UDR IncLsyhtd$11.6 Bil
ELS
Equity Lifestyle Properties IncTwngbcfkDrpy$11.6 Bil
AIRC
Apartment Income REIT Corp Class ANfbrdqldrTmdnm$5.6 Bil

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