Independence Realty Trust Inc.

$IRT
Real Estate Investment Trusts
Real Estate

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

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Recent Analyst Ratings for Independence Realty Trust Inc.

DatePrice TargetRatingAnalyst
3/19/2025$24.00Overweight
Wells Fargo
3/10/2025$20.00 → $24.00Hold → Buy
Jefferies
12/17/2024$23.00Equal Weight
Barclays
11/15/2024$19.00 → $21.00Underperform → Market Perform
BMO Capital Markets
1/30/2024$18.00Buy
Deutsche Bank
12/15/2023$14.00 → $15.00Market Perform → Underperform
BMO Capital Markets
7/18/2023$19.00Outperform → Market Perform
BMO Capital Markets
5/8/2023$20.00Mkt Perform → Mkt Outperform
JMP Securities
1/30/2023Mkt Perform
JMP Securities
1/4/2023$22.00 → $19.00Buy → Hold
Deutsche Bank
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Independence Realty Trust Inc. Press Releases

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  • Independence Realty Trust Announces First Quarter 2025 Dividend

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Announces Fourth Quarter and Full Year 2024 Financial Results

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Announces Tax Treatment of Dividends in 2024

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Dates

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Announces Expanded Unsecured Credit Facility, Reflecting Increased Financial Flexibility and More Favorable Capital Structure

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Announces Fourth Quarter 2024 Dividend

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Scheduled to Participate in Nareit's REITworld Annual Conference

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Announces Third Quarter 2024 Financial Results and 'BBB' Investment Grade Rating from S&P

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Reports Minimal Impact on Communities from Hurricane Milton

    Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") announced today that its communities in Tampa and Orlando, Florida were minimally impacted by Hurricane Milton. "We extend our heartfelt thoughts to everyone affected by Hurricane Milton," said Scott Schaeffer, Chairman and CEO of IRT. "We are especially thankful to our on-site teams for their dedication in preparing our communities for this storm and responding quickly to ensure our residents remained safe." 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, Den

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Announces Third Quarter 2024 Earnings Release and Conference Call Dates

    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.

    $IRT
    Real Estate Investment Trusts
    Real Estate

Independence Realty Trust Inc. Analyst Ratings

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Independence Realty Trust Inc. Insider Trading

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Independence Realty Trust Inc. SEC Filings

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Independence Realty Trust Inc. Leadership Updates

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  • Independence Realty Trust Appoints Craig Macnab to its Board of Directors

    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,

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  • Independence Realty Trust Announces Fourth Quarter and Full Year 2020 Financial Results

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Appoints Lisa Washington to Board of Directors

    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

    $IRT
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Independence Realty Trust Inc. Financials

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  • Independence Realty Trust Announces First Quarter 2025 Dividend

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Announces Tax Treatment of Dividends in 2024

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Dates

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Announces Fourth Quarter 2024 Dividend

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Announces Third Quarter 2024 Earnings Release and Conference Call Dates

    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.

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Announces Third Quarter 2024 Dividend

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Announces Second Quarter 2024 Earnings Release and Conference Call Dates

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Announces Second Quarter 2024 Dividend

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Announces First Quarter 2024 Financial Results

    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

    $IRT
    Real Estate Investment Trusts
    Real Estate
  • Independence Realty Trust Announces First Quarter 2024 Earnings Release and Conference Call Dates

    Independence Realty Trust, Inc. (NYSE:IRT) ("IRT") today announced that it expects to release its first quarter 2024 financial results after market close on Wednesday, April 24, 2024, and will hold its quarterly results conference call on Thursday, April 25, 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, May 2, 2024 at 11:59 p.m. Eastern Time by dialing 1.800.770.2030

    $IRT
    Real Estate Investment Trusts
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Independence Realty Trust Inc. Large Ownership Changes

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