INDEPENDENCE REALTY TRUST IN (IRT) Fundamental Analysis & Valuation

NYSE:IRT • US45378A1060

16.47 USD
-0.18 (-1.08%)
At close: Mar 6, 2026
16.47 USD
0 (0%)
After Hours: 3/6/2026, 8:27:19 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

Taking everything into account, IRT scores 4 out of 10 in our fundamental rating. IRT was compared to 20 industry peers in the Residential REITs industry. While IRT is still in line with the averages on profitability rating, there are concerns on its financial health. IRT is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. IRT Profitability Analysis

1.1 Basic Checks

  • IRT had positive earnings in the past year.
  • In the past year IRT had a positive cash flow from operations.
  • IRT had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years IRT had a positive operating cash flow.
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

  • With a Return On Assets value of 0.94%, IRT is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
  • Looking at the Return On Equity, with a value of 1.63%, IRT is doing worse than 65.00% of the companies in the same industry.
  • The Return On Invested Capital of IRT (1.73%) is worse than 60.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for IRT is in line with the industry average of 2.73%.
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 has a Profit Margin (8.60%) which is in line with its industry peers.
  • IRT's Profit Margin has improved in the last couple of years.
  • With a Operating Margin value of 18.43%, IRT perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of IRT has declined.
  • IRT has a Gross Margin of 59.06%. This is comparable to the rest of the industry: IRT outperforms 60.00% of its industry peers.
  • In the last couple of years the Gross Margin of IRT has remained more or less at the same level.
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

  • IRT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • IRT has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for IRT has been increased compared to 5 years ago.
  • IRT has a better debt/assets ratio than last year.
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

  • Based on the Altman-Z score of 0.90, we must say that IRT is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.90, 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.
  • Looking at the Debt to FCF ratio, with a value of 17.78, IRT is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
  • 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 0.9
ROIC/WACC0.26
WACC6.59%
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

  • A Current Ratio of 0.21 indicates that IRT may have some problems paying its short term obligations.
  • IRT has a Current ratio of 0.21. This is in the lower half of the industry: IRT underperforms 65.00% of its industry peers.
  • A Quick Ratio of 0.05 indicates that IRT may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.05, IRT is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
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

  • IRT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.64%, which is quite good.
  • IRT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.56% yearly.
  • The Revenue has been growing slightly by 2.76% in the past year.
  • 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

  • IRT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.20% yearly.
  • Based on estimates for the next years, IRT will show a small growth in Revenue. The Revenue will grow by 5.48% on average per year.
EPS Next Y13.27%
EPS Next 2Y17.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.29%
Revenue Next 2Y3.46%
Revenue Next 3Y5.48%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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 82.35.
  • IRT's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, IRT is valued quite expensively.
  • The Price/Forward Earnings ratio is 72.70, which means the current valuation is very expensive for IRT.
  • IRT's Price/Forward Earnings ratio is in line with the industry average.
  • IRT is valuated expensively when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 82.35
Fwd PE 72.7
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

  • 65.00% of the companies in the same industry are more expensive than IRT, based on the Enterprise Value to EBITDA ratio.
  • 85.00% of the companies in the same industry are more expensive than IRT, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 30.7
EV/EBITDA 17.12
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.
  • A more expensive valuation may be justified as IRT's earnings are expected to grow with 17.20% in the coming years.
PEG (NY)6.21
PEG (5Y)18.04
EPS Next 2Y17.2%
EPS Next 3YN/A

More info and screens

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

5

5. IRT Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.08%, IRT is a good candidate for dividend investing.
  • IRT's Dividend Yield is slightly below the industry average, which is at 44.32.
  • 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 been paying a dividend for at least 10 years, so it has 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.
  • IRT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP272.97%
EPS Next 2Y17.2%
EPS Next 3YN/A
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 (3/6/2026, 8:27:19 PM)

After market: 16.47 0 (0%)

16.47

-0.18 (-1.08%)

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 Change0.31%
Ins Owners0.55%
Ins Owner Change8.15%
Market Cap3.91B
Revenue(TTM)657.70M
Net Income(TTM)56.56M
Analysts80
Price Target20.22 (22.77%)
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)-2.76%
PT rev (3m)-3.67%
EPS NQ rev (1m)-30.56%
EPS NQ rev (3m)-31.38%
EPS NY rev (1m)-9.07%
EPS NY rev (3m)-14.67%
Revenue NQ rev (1m)-1.97%
Revenue NQ rev (3m)-2.54%
Revenue NY rev (1m)-0.48%
Revenue NY rev (3m)-1.49%
Valuation
Industry RankSector Rank
PE 82.35
Fwd PE 72.7
P/S 5.99
P/FCF 30.7
P/OCF 13.96
P/B 1.14
P/tB 1.14
EV/EBITDA 17.12
EPS(TTM)0.2
EY1.21%
EPS(NY)0.23
Fwd EY1.38%
FCF(TTM)0.54
FCFY3.26%
OCF(TTM)1.18
OCFY7.16%
SpS2.75
BVpS14.47
TBVpS14.46
PEG (NY)6.21
PEG (5Y)18.04
Graham Number8.07
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 0.9
F-Score7
WACC6.59%
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 Y13.27%
EPS Next 2Y17.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.76%
Revenue growth 3Y1.53%
Revenue growth 5Y25.32%
Sales Q2Q%3.7%
Revenue Next Year3.29%
Revenue Next 2Y3.46%
Revenue Next 3Y5.48%
Revenue Next 5YN/A
EBIT growth 1Y-6.33%
EBIT growth 3Y9.2%
EBIT growth 5Y21.6%
EBIT Next Year219.19%
EBIT Next 3Y50.03%
EBIT Next 5YN/A
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 4 / 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 82.35 and the Price/Book (PB) ratio is 1.14.


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.