Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.
IPO Year: 2013
Exchange: NYSE
Website: irtliving.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/7/2025 | $24.00 | Buy | UBS |
| 3/19/2025 | $24.00 | Overweight | Wells Fargo |
| 3/10/2025 | $20.00 → $24.00 | Hold → Buy | Jefferies |
| 12/17/2024 | $23.00 | Equal Weight | Barclays |
| 11/15/2024 | $19.00 → $21.00 | Underperform → Market Perform | BMO Capital Markets |
| 1/30/2024 | $18.00 | Buy | Deutsche Bank |
| 12/15/2023 | $14.00 → $15.00 | Market Perform → Underperform | BMO Capital Markets |
| 7/18/2023 | $19.00 | Outperform → Market Perform | BMO Capital Markets |
| 5/8/2023 | $20.00 | Mkt Perform → Mkt Outperform | JMP Securities |
| 1/30/2023 | Mkt Perform | JMP Securities |
UBS initiated coverage of Independence Realty Trust with a rating of Buy and set a new price target of $24.00
Wells Fargo initiated coverage of Independence Realty Trust with a rating of Overweight and set a new price target of $24.00
Jefferies upgraded Independence Realty Trust from Hold to Buy and set a new price target of $24.00 from $20.00 previously
Barclays initiated coverage of Independence Realty Trust with a rating of Equal Weight and set a new price target of $23.00
BMO Capital Markets upgraded Independence Realty Trust from Underperform to Market Perform and set a new price target of $21.00 from $19.00 previously
Deutsche Bank initiated coverage of Independence Realty Trust with a rating of Buy and set a new price target of $18.00
BMO Capital Markets downgraded Independence Realty Trust from Market Perform to Underperform and set a new price target of $15.00 from $14.00 previously
BMO Capital Markets downgraded Independence Realty Trust from Outperform to Market Perform and set a new price target of $19.00
JMP Securities upgraded Independence Realty Trust from Mkt Perform to Mkt Outperform and set a new price target of $20.00
JMP Securities initiated coverage of Independence Realty Trust with a rating of Mkt Perform
Waives Option to Classify Board Under Maryland Law Independence Realty Trust, Inc. (NYSE:IRT) ("IRT" or the "Company") today announced the appointment of Craig Macnab to its Board of Directors (the "Board"), effective February 29, 2024. Mr. Macnab brings over 20 years of experience to IRT's Board after serving in various executive and board roles in the REIT industry, including most recently as CEO of National Retail Properties, Inc. (NYSE:NNN) for 13 years. Mr. Macnab's appointment increases the size of IRT's Board to 10 members, including 8 independent directors. In connection with this announcement, the Company has entered into a cooperation agreement with Argosy-Lionbridge Management,
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its fourth quarter and full year 2020 financial results. Fourth Quarter Highlights Net income available to common shares of $13.3 million for the quarter ended December 31, 2020 compared to $23.8 million for the quarter ended December 31, 2019. Earnings per diluted share of $0.14 for the quarter ended December 31, 2020 compared to $0.26 for the quarter ended December 31, 2019. The quarter ended December 31, 2020 included $9.4 million of gains on sale of real estate assets, net, whereas the quarter ended December 31, 2019 included $20.7 million of gains
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today the appointment of Lisa Washington as an independent director to IRT’s Board of Directors, effective January 5, 2021. The appointment increases the size of the Board from six to seven directors. “Lisa brings to IRT her expertise as an accomplished legal executive and corporate officer,” said Scott Schaeffer, IRT’s Chairman and CEO. “Lisa has more than 25 years of experience in corporate governance and public company compliance. She will add a valuable perspective to our company and be an important contributor as IRT continues to grow and deliver value for our stakeholders.” “The appo
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Independence Realty Trust, Inc. ("IRT") (NYSE:IRT), a multifamily apartment REIT, announces its first quarter 2025 financial results. _______________________ Q1 2025 EPS of $0.04 Q1 CFFO Per Share of $0.27 In Line with Expectations Same-Store Portfolio NOI Increased 2.7% for Q1 Solid Occupancy Gains and Rental Rate Growth Completed 275 Renovations in Value Add Program Achieving Average ROI of 16.2% During the First Quarter Exited Birmingham, AL market: Expanded Presence in Indianapolis, IN Two Additional Communities Under Contract for Q2 Acquisition Evaluating Robust Pipeline of Future Acquisitions Further Strengthened Balance Sheet and Liquidity Expanded Unsecured Revolver in J
Independence Realty Trust, Inc. ("IRT") (NYSE:IRT), announces the release date and conference call details in which management will discuss first quarter 2025 financial results. Details: Results Release Date: Wednesday, April 30, 2025, after the market closes Conference Call Date and Time: Thursday, May 1, 2025, at 9:00 a.m. Eastern Time Telephone Number (within the U.S.): (888) 440-3307 Conference ID (Passcode): 1963990 The live conference call can also be accessed from the investor relations section of the IRT website at https://investors.irtliving.com. A replay of the conference call will
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") announces that its board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on April 21, 2025, to shareholders of record at the close of business on March 28, 2025. About IRT Independence Realty Trust, Inc. (NYSE:IRT), an S&P 400 MidCap Company, is a real estate investment trust ("REIT") that owns and operates multifamily communities, across non-gateway U.S. markets. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT main objective is to provide attractive risk-adjusted r
Introduces Full Year 2025 Guidance Independence Realty Trust, Inc. ("IRT" and the "Company") (NYSE:IRT), a multifamily apartment REIT, announces its fourth quarter and full year 2024 financial results and establishes full year 2025 guidance. EPS of $0.17 for 2024 CFFO of $0.32 for Fourth Quarter and $1.16 for Full Year 2024 High-End of Guidance Same Store Portfolio NOI Increased 5.3% and 3.2% during Fourth Quarter and Full Year 2024 In-Line with Guidance Solid Occupancy Gains and Rental Rate Growth Completed 1,671 Renovations in Value Add Program Achieving Average ROI of 15.7% During the Year
Independence Realty Trust, Inc. ("IRT") (NYSE:IRT) today announced the tax status of 2024 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table: Common Shares (CUSIP #45378A106) Record Date Payment Date Distribution Per Share Ordinary Dividend Total Capital Gain Distr. Unrecap- tured Sec. 1250 Gain Section 897 Capital Gain Return of Capital Section 199A 3/29/24 4/19/24 $0.16000 $0.01953 $0.14047 $0.07195 $0.14047 $0.00000 $0.01953 6/28/24 7/19/24 $0.16000 $0.01
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") today announced that it expects to release its fourth quarter and full year 2024 financial results after market close on Wednesday, February 12, 2025, and will hold its quarterly results conference call on Thursday, February 13, 2025 at 9:00 a.m. Eastern Time. The live conference call can be accessed from the investor relations section of the IRT website at investors.irtliving.com or by dialing 1.888.440.3307, access code 1963990. A replay of the conference call will be available shortly following the live call on the investor relations section of IRT's website and telephonically until Thursday, February 20, 2025, at 11:59 p.m. Eastern Ti
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") announced that on January 8, 2025 its operating partnership, Independence Realty Operating Partnership, LP, entered into an amended and restated unsecured credit facility. The new facility increases the borrowing capacity under IRT's existing revolver from $500 million to $750 million and extends the maturity date of the revolver from January 2026 to January 2029. As of closing, the amount outstanding under the revolver was $214 million. Proceeds from the expanded revolver will be used for general corporate purposes. The amended and restated unsecured credit facility also reduces the margin on IRT's existing $200 million term loan. Borrow
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on January 17, 2025 to stockholders of record at the close of business on December 31, 2024. About Independence Realty Trust, Inc. Independence Realty Trust, Inc. (NYSE:IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT's investment strategy is focused on gaining scale near major employ
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") today announced that Scott Schaeffer, Chairman and Chief Executive Officer, Jim Sebra, Chief Financial Officer and President, Jason Delozier, Chief Accounting Officer and Janice Richards, SVP of Operations are scheduled to host meetings with investors and analysts at Nareit's REITworld 2024 Annual Conference in Las Vegas on November 19 and 20. The company has posted its November Investor Presentation on its website at www.irtliving.com in the Investor Relations section under Presentations. About Independence Realty Trust, Inc. Independence Realty Trust, Inc. (NYSE:IRT) is a real estate investment trust that owns and operates multifami
Independence Realty Trust, Inc. ("IRT") (NYSE:IRT), a multifamily apartment REIT, today announced its third quarter 2024 financial results and that it has received a ‘BBB' issuer credit rating and stable outlook from S&P Global Ratings. Third Quarter Highlights Net income available to common shares of $12.4 million for the quarter ended September 30, 2024 compared to $3.9 million for the quarter ended September 30, 2023. Earnings per diluted share of $0.05 for the quarter ended September 30, 2024 compared to $0.02 for the quarter ended September 30, 2023. Same-store portfolio net operating income ("NOI") growth of 2.2% for the quarter ended September 30, 2024 compared to the quarter
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Independence Realty Trust, Inc. ("IRT") (NYSE:IRT), announces the release date and conference call details in which management will discuss first quarter 2025 financial results. Details: Results Release Date: Wednesday, April 30, 2025, after the market closes Conference Call Date and Time: Thursday, May 1, 2025, at 9:00 a.m. Eastern Time Telephone Number (within the U.S.): (888) 440-3307 Conference ID (Passcode): 1963990 The live conference call can also be accessed from the investor relations section of the IRT website at https://investors.irtliving.com. A replay of the conference call will
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") announces that its board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on April 21, 2025, to shareholders of record at the close of business on March 28, 2025. About IRT Independence Realty Trust, Inc. (NYSE:IRT), an S&P 400 MidCap Company, is a real estate investment trust ("REIT") that owns and operates multifamily communities, across non-gateway U.S. markets. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT main objective is to provide attractive risk-adjusted r
Independence Realty Trust, Inc. ("IRT") (NYSE:IRT) today announced the tax status of 2024 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table: Common Shares (CUSIP #45378A106) Record Date Payment Date Distribution Per Share Ordinary Dividend Total Capital Gain Distr. Unrecap- tured Sec. 1250 Gain Section 897 Capital Gain Return of Capital Section 199A 3/29/24 4/19/24 $0.16000 $0.01953 $0.14047 $0.07195 $0.14047 $0.00000 $0.01953 6/28/24 7/19/24 $0.16000 $0.01
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") today announced that it expects to release its fourth quarter and full year 2024 financial results after market close on Wednesday, February 12, 2025, and will hold its quarterly results conference call on Thursday, February 13, 2025 at 9:00 a.m. Eastern Time. The live conference call can be accessed from the investor relations section of the IRT website at investors.irtliving.com or by dialing 1.888.440.3307, access code 1963990. A replay of the conference call will be available shortly following the live call on the investor relations section of IRT's website and telephonically until Thursday, February 20, 2025, at 11:59 p.m. Eastern Ti
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on January 17, 2025 to stockholders of record at the close of business on December 31, 2024. About Independence Realty Trust, Inc. Independence Realty Trust, Inc. (NYSE:IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT's investment strategy is focused on gaining scale near major employ
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") today announced that it expects to release its third quarter 2024 financial results after market close on Wednesday, October 30, 2024, and will hold its quarterly results conference call on Thursday, October 31, 2024 at 9:00 a.m. Eastern Time. The live conference call can be accessed from the investor relations section of the IRT website at investors.irtliving.com or by dialing 1.888.440.3307, access code 1963990. A replay of the conference call will be available shortly following the live call on the investor relations section of IRT's website and telephonically until Thursday, November 7, 2024 at 11:59 p.m. Eastern Time by dialing 1.800.
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on October 18, 2024 to stockholders of record at the close of business on September 30, 2024. About Independence Realty Trust, Inc. Independence Realty Trust, Inc. (NYSE:IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT's investment strategy is focused on gaining scale near major employm
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") today announced that it expects to release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024, and will hold its quarterly results conference call on Thursday, August 1, 2024 at 9:00 a.m. Eastern Time. The live conference call can be accessed from the investor relations section of the IRT website at investors.irtliving.com or by dialing 1.888.440.3307, access code 1963990. A replay of the conference call will be available shortly following the live call on the investor relations section of IRT's website and telephonically until Thursday, August 8, 2024 at 11:59 p.m. Eastern Time by dialing 1.800.770.2
Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on July 19, 2024 to stockholders of record at the close of business on June 28, 2024. About Independence Realty Trust, Inc. Independence Realty Trust, Inc. (NYSE:IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT's investment strategy is focused on gaining scale near major employment ce
Independence Realty Trust, Inc. ("IRT") (NYSE:IRT), a multifamily apartment REIT, today announced its first quarter 2024 financial results. First Quarter Highlights Net income available to common shares of $17.6 million for the quarter ended March 31, 2024 compared to $8.6 million for the quarter ended March 31, 2023. Earnings per diluted share of $0.08 for the quarter ended March 31, 2024 compared to $0.04 for the quarter ended March 31, 2023. Same-store portfolio net operating income ("NOI") growth of 2.4% for the quarter ended March 31, 2024 compared to the quarter ended March 31, 2023. Disposed of nine properties under our Portfolio Optimization and Deleveraging Strategy f