INDEPENDENCE REALTY TRUST IN (IRT) Fundamental Analysis & Valuation

NYSE:IRT • US45378A1060

16.04 USD
-0.19 (-1.17%)
At close: Mar 11, 2026
16.04 USD
0 (0%)
After Hours: 3/11/2026, 7:06:04 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This IRT fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to IRT. IRT was compared to 20 industry peers in the Residential REITs industry. IRT has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, IRT is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

3

1. IRT Profitability Analysis

1.1 Basic Checks

  • IRT had positive earnings in the past year.
  • IRT had a positive operating cash flow in the past year.
  • IRT had positive earnings in 4 of the past 5 years.
  • In the past 5 years IRT always reported a positive cash flow from operatings.
IRT Yearly Net Income VS EBIT VS OCF VS FCFIRT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M

1.2 Ratios

  • IRT's Return On Assets of 0.94% is on the low side compared to the rest of the industry. IRT is outperformed by 60.00% of its industry peers.
  • IRT has a Return On Equity of 1.63%. This is in the lower half of the industry: IRT underperforms 65.00% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 1.73%, IRT is doing worse than 60.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for IRT is in line with the industry average of 2.74%.
Industry RankSector Rank
ROA 0.94%
ROE 1.63%
ROIC 1.73%
ROA(3y)0.44%
ROA(5y)0.76%
ROE(3y)0.76%
ROE(5y)1.36%
ROIC(3y)1.8%
ROIC(5y)1.44%
IRT Yearly ROA, ROE, ROICIRT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 4 6

1.3 Margins

  • IRT's Profit Margin of 8.60% is on the low side compared to the rest of the industry. IRT is outperformed by 60.00% of its industry peers.
  • In the last couple of years the Profit Margin of IRT has grown nicely.
  • Looking at the Operating Margin, with a value of 18.43%, IRT is in line with its industry, outperforming 45.00% of the companies in the same industry.
  • IRT's Operating Margin has declined in the last couple of years.
  • IRT has a Gross Margin (59.06%) which is in line with its industry peers.
  • IRT's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 18.43%
PM (TTM) 8.6%
GM 59.06%
OM growth 3Y7.56%
OM growth 5Y-2.97%
PM growth 3Y-22.74%
PM growth 5Y4.34%
GM growth 3Y-0.09%
GM growth 5Y0.7%
IRT Yearly Profit, Operating, Gross MarginsIRT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. IRT Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IRT is destroying value.
  • Compared to 1 year ago, IRT has more shares outstanding
  • IRT has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, IRT has an improved debt to assets ratio.
IRT Yearly Shares OutstandingIRT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
IRT Yearly Total Debt VS Total AssetsIRT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • IRT has an Altman-Z score of 0.87. This is a bad value and indicates that IRT is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 0.87, IRT perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • The Debt to FCF ratio of IRT is 17.78, which is on the high side as it means it would take IRT, 17.78 years of fcf income to pay off all of its debts.
  • IRT's Debt to FCF ratio of 17.78 is fine compared to the rest of the industry. IRT outperforms 65.00% of its industry peers.
  • A Debt/Equity ratio of 0.56 indicates that IRT is somewhat dependend on debt financing.
  • IRT has a Debt to Equity ratio of 0.56. This is amongst the best in the industry. IRT outperforms 100.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 17.78
Altman-Z 0.87
ROIC/WACC0.26
WACC6.54%
IRT Yearly LT Debt VS Equity VS FCFIRT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

  • IRT has a Current Ratio of 0.21. This is a bad value and indicates that IRT is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.21, IRT is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.05 indicates that IRT may have some problems paying its short term obligations.
  • IRT has a Quick ratio of 0.05. This is amonst the worse of the industry: IRT underperforms 80.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.21
Quick Ratio 0.05
IRT Yearly Current Assets VS Current LiabilitesIRT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. IRT Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 13.64% over the past year.
  • Measured over the past 5 years, IRT shows a small growth in Earnings Per Share. The EPS has been growing by 4.56% on average per year.
  • IRT shows a small growth in Revenue. In the last year, the Revenue has grown by 2.76%.
  • The Revenue has been growing by 25.32% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)13.64%
EPS 3Y-27.74%
EPS 5Y4.56%
EPS Q2Q%3600%
Revenue 1Y (TTM)2.76%
Revenue growth 3Y1.53%
Revenue growth 5Y25.32%
Sales Q2Q%3.7%

3.2 Future

  • Based on estimates for the next years, IRT will show a very strong growth in Earnings Per Share. The EPS will grow by 24.27% on average per year.
  • IRT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.04% yearly.
EPS Next Y4.61%
EPS Next 2Y16.34%
EPS Next 3Y24.27%
EPS Next 5YN/A
Revenue Next Year3.54%
Revenue Next 2Y3.46%
Revenue Next 3Y-3.01%
Revenue Next 5Y4.04%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
IRT Yearly Revenue VS EstimatesIRT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M
IRT Yearly EPS VS EstimatesIRT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.2 -0.2 0.4 0.6

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3

4. IRT Valuation Analysis

4.1 Price/Earnings Ratio

  • IRT is valuated quite expensively with a Price/Earnings ratio of 80.20.
  • Compared to the rest of the industry, the Price/Earnings ratio of IRT is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of IRT to the average of the S&P500 Index (26.15), we can say IRT is valued expensively.
  • The Price/Forward Earnings ratio is 76.67, which means the current valuation is very expensive for IRT.
  • The rest of the industry has a similar Price/Forward Earnings ratio as IRT.
  • IRT is valuated expensively when we compare the Price/Forward Earnings ratio to 24.27, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 80.2
Fwd PE 76.67
IRT Price Earnings VS Forward Price EarningsIRT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, IRT is valued a bit cheaper than 65.00% of the companies in the same industry.
  • IRT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. IRT is cheaper than 85.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 29.67
EV/EBITDA 16.76
IRT Per share dataIRT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • IRT's earnings are expected to grow with 24.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)17.41
PEG (5Y)17.57
EPS Next 2Y16.34%
EPS Next 3Y24.27%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. IRT Dividend Analysis

5.1 Amount

  • IRT has a Yearly Dividend Yield of 4.08%, which is a nice return.
  • Compared to an average industry Dividend Yield of 44.42, IRT is paying slightly less dividend.
  • IRT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.08%

5.2 History

  • The dividend of IRT has a limited annual growth rate of 2.55%.
  • IRT has paid a dividend for at least 10 years, which is a reliable track record.
  • IRT has decreased its dividend recently.
Dividend Growth(5Y)2.55%
Div Incr Years1
Div Non Decr Years1
IRT Yearly Dividends per shareIRT Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

  • IRT pays out 272.97% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of IRT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP272.97%
EPS Next 2Y16.34%
EPS Next 3Y24.27%
IRT Yearly Income VS Free CF VS DividendIRT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M 150M
IRT Dividend Payout.IRT Dividend Payout, showing the Payout Ratio.IRT Dividend Payout.PayoutRetained Earnings

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IRT Fundamentals: All Metrics, Ratios and Statistics

INDEPENDENCE REALTY TRUST IN

NYSE:IRT (3/11/2026, 7:06:04 PM)

After market: 16.04 0 (0%)

16.04

-0.19 (-1.17%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)02-11
Earnings (Next)04-28
Inst Owners101.69%
Inst Owner Change0.34%
Ins Owners0.55%
Ins Owner Change7.22%
Market Cap3.81B
Revenue(TTM)657.70M
Net Income(TTM)56.56M
Analysts80
Price Target20.22 (26.06%)
Short Float %4.39%
Short Ratio3.52
Dividend
Industry RankSector Rank
Dividend Yield 4.08%
Yearly Dividend0.66
Dividend Growth(5Y)2.55%
DP272.97%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-33.43%
Min EPS beat(2)-112.77%
Max EPS beat(2)45.91%
EPS beat(4)2
Avg EPS beat(4)-22.84%
Min EPS beat(4)-112.77%
Max EPS beat(4)45.91%
EPS beat(8)2
Avg EPS beat(8)-37.41%
EPS beat(12)4
Avg EPS beat(12)-164.33%
EPS beat(16)6
Avg EPS beat(16)-133.41%
Revenue beat(2)0
Avg Revenue beat(2)-2.53%
Min Revenue beat(2)-2.65%
Max Revenue beat(2)-2.4%
Revenue beat(4)0
Avg Revenue beat(4)-2.62%
Min Revenue beat(4)-2.83%
Max Revenue beat(4)-2.4%
Revenue beat(8)0
Avg Revenue beat(8)-2.27%
Revenue beat(12)0
Avg Revenue beat(12)-1.84%
Revenue beat(16)2
Avg Revenue beat(16)-1.4%
PT rev (1m)-1.94%
PT rev (3m)-3.13%
EPS NQ rev (1m)-27.08%
EPS NQ rev (3m)-25.01%
EPS NY rev (1m)-7.65%
EPS NY rev (3m)-17.56%
Revenue NQ rev (1m)-1.8%
Revenue NQ rev (3m)-2.46%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)-1.25%
Valuation
Industry RankSector Rank
PE 80.2
Fwd PE 76.67
P/S 5.79
P/FCF 29.67
P/OCF 13.49
P/B 1.1
P/tB 1.1
EV/EBITDA 16.76
EPS(TTM)0.2
EY1.25%
EPS(NY)0.21
Fwd EY1.3%
FCF(TTM)0.54
FCFY3.37%
OCF(TTM)1.19
OCFY7.41%
SpS2.77
BVpS14.58
TBVpS14.57
PEG (NY)17.41
PEG (5Y)17.57
Graham Number8.1
Profitability
Industry RankSector Rank
ROA 0.94%
ROE 1.63%
ROCE 2.19%
ROIC 1.73%
ROICexc 1.74%
ROICexgc 1.75%
OM 18.43%
PM (TTM) 8.6%
GM 59.06%
FCFM 19.51%
ROA(3y)0.44%
ROA(5y)0.76%
ROE(3y)0.76%
ROE(5y)1.36%
ROIC(3y)1.8%
ROIC(5y)1.44%
ROICexc(3y)1.81%
ROICexc(5y)1.45%
ROICexgc(3y)1.83%
ROICexgc(5y)1.46%
ROCE(3y)2.28%
ROCE(5y)1.82%
ROICexgc growth 3Y14.4%
ROICexgc growth 5Y-4.59%
ROICexc growth 3Y14.46%
ROICexc growth 5Y-4.66%
OM growth 3Y7.56%
OM growth 5Y-2.97%
PM growth 3Y-22.74%
PM growth 5Y4.34%
GM growth 3Y-0.09%
GM growth 5Y0.7%
F-Score7
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 17.78
Debt/EBITDA 5.34
Cap/Depr 63.26%
Cap/Sales 23.39%
Interest Coverage 1.47
Cash Conversion 77.41%
Profit Quality 226.82%
Current Ratio 0.21
Quick Ratio 0.05
Altman-Z 0.87
F-Score7
WACC6.54%
ROIC/WACC0.26
Cap/Depr(3y)79.91%
Cap/Depr(5y)70.66%
Cap/Sales(3y)27.65%
Cap/Sales(5y)24.66%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.64%
EPS 3Y-27.74%
EPS 5Y4.56%
EPS Q2Q%3600%
EPS Next Y4.61%
EPS Next 2Y16.34%
EPS Next 3Y24.27%
EPS Next 5YN/A
Revenue 1Y (TTM)2.76%
Revenue growth 3Y1.53%
Revenue growth 5Y25.32%
Sales Q2Q%3.7%
Revenue Next Year3.54%
Revenue Next 2Y3.46%
Revenue Next 3Y-3.01%
Revenue Next 5Y4.04%
EBIT growth 1Y-6.33%
EBIT growth 3Y9.2%
EBIT growth 5Y21.6%
EBIT Next Year218.5%
EBIT Next 3Y50.03%
EBIT Next 5Y37.32%
FCF growth 1Y51.48%
FCF growth 3Y7.31%
FCF growth 5Y27.82%
OCF growth 1Y8.62%
OCF growth 3Y4.18%
OCF growth 5Y30.34%

INDEPENDENCE REALTY TRUST IN / IRT FAQ

What is the fundamental rating for IRT stock?

ChartMill assigns a fundamental rating of 4 / 10 to IRT.


What is the valuation status for IRT stock?

ChartMill assigns a valuation rating of 3 / 10 to INDEPENDENCE REALTY TRUST IN (IRT). This can be considered as Overvalued.


Can you provide the profitability details for INDEPENDENCE REALTY TRUST IN?

INDEPENDENCE REALTY TRUST IN (IRT) has a profitability rating of 3 / 10.


What is the valuation of INDEPENDENCE REALTY TRUST IN based on its PE and PB ratios?

The Price/Earnings (PE) ratio for INDEPENDENCE REALTY TRUST IN (IRT) is 80.2 and the Price/Book (PB) ratio is 1.1.


What is the financial health of INDEPENDENCE REALTY TRUST IN (IRT) stock?

The financial health rating of INDEPENDENCE REALTY TRUST IN (IRT) is 3 / 10.