INDEPENDENCE REALTY TRUST IN (IRT) Fundamental Analysis & Valuation

NYSE:IRT • US45378A1060

Current stock price

15.79 USD
-0.06 (-0.38%)
At close:
15.79 USD
0 (0%)
After Hours:

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

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 has a Return On Assets of 0.94%. This is in the lower half of the industry: IRT underperforms 60.00% of its industry peers.
  • IRT has a worse Return On Equity (1.63%) than 65.00% of its industry peers.
  • The Return On Invested Capital of IRT (1.73%) is worse than 60.00% of its industry peers.
  • IRT had an Average Return On Invested Capital over the past 3 years of 1.80%. This 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 of 8.60%. This is in the lower half of the industry: IRT underperforms 60.00% of its industry peers.
  • In the last couple of years the Profit Margin of IRT has grown nicely.
  • With a Operating Margin value of 18.43%, IRT perfoms like the industry average, outperforming 45.00% 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 (59.06%) which is comparable to the rest of the industry.
  • 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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3

2. IRT Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), IRT is destroying value.
  • The number of shares outstanding for IRT has been increased compared to 1 year ago.
  • Compared to 5 years ago, IRT has more shares outstanding
  • 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

  • Based on the Altman-Z score of 0.84, we must say that IRT is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.84, IRT is in line with its industry, 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 has a better Debt to FCF ratio (17.78) than 65.00% of its industry peers.
  • IRT has a Debt/Equity ratio of 0.56. This is a neutral value indicating IRT is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.56, IRT belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 17.78
Altman-Z 0.84
ROIC/WACC0.26
WACC6.61%
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.
  • Looking at the Current ratio, with a value of 0.21, IRT is doing worse than 65.00% of the companies in the same industry.
  • 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.
  • 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.
  • Based on estimates for the next years, IRT will show a small growth in Revenue. The Revenue will grow by 4.04% on average per year.
EPS Next Y12.36%
EPS Next 2Y11%
EPS Next 3Y24.27%
EPS Next 5YN/A
Revenue Next Year3.57%
Revenue Next 2Y3.56%
Revenue Next 3Y-3.01%
Revenue Next 5Y4.04%

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

  • Based on the Price/Earnings ratio of 78.95, the valuation of IRT can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of IRT is on the same level as its industry peers.
  • IRT's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.42.
  • With a Price/Forward Earnings ratio of 70.26, IRT can be considered very expensive at the moment.
  • 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 22.29, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 78.95
Fwd PE 70.26
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 75.00% 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 29.01
EV/EBITDA 16.4
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 24.27% in the coming years.
PEG (NY)6.39
PEG (5Y)17.3
EPS Next 2Y11%
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

  • With a Yearly Dividend Yield of 4.29%, IRT is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 44.24, IRT is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.81, IRT pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.29%

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 in the last 3 years.
Dividend Growth(5Y)2.55%
Div Incr Years2
Div Non Decr Years2
IRT Yearly Dividends per shareIRT Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 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 2Y11%
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 (4/24/2026, 8:04:00 PM)

After market: 15.79 0 (0%)

15.79

-0.06 (-0.38%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)02-11
Earnings (Next)04-29
Inst Owners102.95%
Inst Owner Change-0.1%
Ins Owners0.51%
Ins Owner Change7.22%
Market Cap3.72B
Revenue(TTM)657.70M
Net Income(TTM)56.56M
Analysts80
Price Target19.64 (24.38%)
Short Float %4.06%
Short Ratio3.29
Dividend
Industry RankSector Rank
Dividend Yield 4.29%
Yearly Dividend0.66
Dividend Growth(5Y)2.55%
DP272.97%
Div Incr Years2
Div Non Decr Years2
Ex-Date03-27
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)-2.88%
PT rev (3m)-5.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-13.69%
EPS NY rev (1m)7.42%
EPS NY rev (3m)-9.8%
Revenue NQ rev (1m)-0.98%
Revenue NQ rev (3m)-2.77%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-0.2%
Valuation
Industry RankSector Rank
PE 78.95
Fwd PE 70.26
P/S 5.66
P/FCF 29.01
P/OCF 13.19
P/B 1.08
P/tB 1.08
EV/EBITDA 16.4
EPS(TTM)0.2
EY1.27%
EPS(NY)0.22
Fwd EY1.42%
FCF(TTM)0.54
FCFY3.45%
OCF(TTM)1.2
OCFY7.58%
SpS2.79
BVpS14.68
TBVpS14.67
PEG (NY)6.39
PEG (5Y)17.3
Graham Number8.12843 (-48.52%)
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 0.84
F-Score7
WACC6.61%
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 Y12.36%
EPS Next 2Y11%
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 Year3.57%
Revenue Next 2Y3.56%
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 Fundamental Analysis 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.


What is the profitability of IRT stock?

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


What is the expected EPS growth for INDEPENDENCE REALTY TRUST IN (IRT) stock?

The Earnings per Share (EPS) of INDEPENDENCE REALTY TRUST IN (IRT) is expected to grow by 12.36% in the next year.


Is the dividend of INDEPENDENCE REALTY TRUST IN sustainable?

The dividend rating of INDEPENDENCE REALTY TRUST IN (IRT) is 5 / 10 and the dividend payout ratio is 272.97%.