INDEPENDENCE REALTY TRUST, INC.

IRT

INDEPENDENCE REALTY TRUST, INC.

IRT

Insider Sentiment (TTM):

Last Purchase:-Last Sale:2026-06-01Shares Purchased (TTM):0Shares Sold (TTM):5,000

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:212,889,850Shares Outstanding:236,432,728Institutional Ownership Pct.:90.04%

Earnings Market Reaction:

Filing Date:2026-08-04Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Assets
Real Estate Investments
Real Estate Investment Pr…
Real Estate Investment Property At Cost	6,798	6,700	6,596	6,571	6,357	6,442	6,364	-	-	-	-	-
Real Estate Investment Property Accumulated Deprec…	-1,029	-973	-915	-861	-810	-790	-741	-	-	-	-	-
Real Estate Investment Property Net	5,769	5,727	5,681	5,710	5,547	5,653	5,623	-	-	-	-	-
Real Estate Heldforsale	78	77	76	107	120	0	110	0	70	99	296	75
Real Estate Held For Development And Sale Net	-	-	-	-	-	-	117	115	115	109	98	84
Cash And Cash Equivalents At Carrying Value	23	23	24	23	19	29	21	18	21	21	23	17
Restricted Cash And Cash Equivalents At Carrying V…	-	-	-	-	-	-	22	31	26	21	28	32
Restricted Cash	24	20	24	28	23	19	22	31	26	21	-	-
Equity Method Investments	-	-	-	-	-	-	92	95	90	89	89	88
Real Estate Investments Unconsolidated Real Estate…	70	67	98	94	107	102	92	-	-	-	-	-
Other Assets	45	44	46	48	38	39	40	44	29	34	39	42
Derivative Assets	15	12	10	12	15	20	29	19	38	39	30	53
Intangible Assets Net Excluding Goodwill	0	2	3	5	2	4	4	1	0	0	0	0
Assets	6,092	6,099	6,022	6,093	5,963	5,983	6,058	5,948	5,940	5,973	6,280	6,578
Liabilities And Stockhold…
Accounts Payable And Accrued Liabilities Current A…	-	-	-	-	-	-	95	119	102	84	109	139
Interest Payable Current And Noncurrent	8	11	8	10	8	10	9	7	7	7	8	8
Dividends Payable Current And Noncurrent	43	41	41	42	41	38	38	37	37	37	37	37
Derivative Liabilities	0	0	0	1	0	0	0	2	-	-	-	-
Other Liabilities	8	8	8	9	8	8	8	8	8	9	10	11
Liabilities	2,605	2,578	2,432	2,477	2,412	2,396	2,483	2,459	2,407	2,414	2,713	2,910
Stockholders Equity Inclu…
Equity
Stockholders Equity
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Value	2	2	2	2	2	2	2	2	2	2	2	2
Additional Paid In Capital	3,978	3,977	4,005	4,022	3,920	3,919	3,868	3,755	3,755	3,754	3,752	3,751
Accumulated Other Comprehensive Income Loss Net Of…	13	10	8	9	12	17	26	14	34	35	26	48
Retained Earnings Accumulated Deficit	-635	-596	-555	-548	-515	-483	-454	-416	-393	-367	-348	-272
Stockholders Equity	3,359	3,522	3,460	3,615	3,551	3,455	3,442	3,489	3,534	3,559	3,431	3,529
Minority Interest	128	128	129	130	131	132	133	134	135	136	136	139
Liabilities And Stockholders Equity	6,092	6,099	6,022	6,093	5,963	5,983	6,058	5,948	5,940	5,973	6,280	6,578
Finite Lived Intangible Assets Accumulated Amortiz…	0	5	3	3	4	3	1	0	0	0	0	0
Preferred Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Preferred Stock Shares Authorized	50	50	50	50	50	50	50	50	50	50	50	50
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	500	500	500	500	500	500	500	500	500	500	500	500
Common Stock Shares Issued	236	236	237	239	234	234	231	225	225	225	225	225
Shares Outstanding	236	236	237	239	234	234	231	225	225	225	225	225

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	3.37%	-3.00%	3.01%	-	-	-	-	-	-	-	-	-
2025	-6.11%	-7.46%	-9.32%	5.43%	2.44%	-3.41%	7.42%	6.47%	10.51%	-3.66%	-5.08%	1.27%
2024	4.69%	14.77%	20.96%	4.79%	9.02%	4.78%	10.86%	2.91%	-2.37%	0.87%	-11.73%	-7.42%
2023	-	-	-	-	-	-	8.80%	23.08%	26.73%	9.29%	7.79%	18.07%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Leverage & Debt
Interest Coverage TTM	-0.48	-0.40	-0.28	-0.72	-0.64	-0.60	-0.48	-1.00	-1.10	-1.09	-1.19	-0.35
Per Share Metrics
Diluted EPS TTM	0.18	0.20	0.24	0.09	0.12	0.13	0.17	0.00	-0.04	-0.04	-0.08	0.26
Free Cash Flow Per Share TTM	0.65	0.65	0.55	-0.11	-0.09	-0.09	0.09	0.78	1.17	1.15	1.17	1.16
Dividend Per Share TTM	0.68	0.67	0.66	0.64	0.63	0.63	0.64	0.64	0.64	0.62	0.60	0.58
Margin Metrics
Gross Profit Margin TTM	-	-	-	-	-	-	-	-	-	113.39%	113.60%	113.66%
Operating Profit Margin TTM	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit Margin TTM	6.48%	7.25%	8.60%	3.38%	4.26%	4.66%	6.14%	0.05%	-1.23%	-1.20%	-2.61%	8.88%
Growth Metrics
Net Revenue Growth (1Y)	3.46%	3.28%	2.76%	0.84%	-1.54%	-2.94%	-3.17%	-1.62%	0.90%	3.22%	5.16%	21.03%
Net Income Growth (1Y)	57.18%	60.65%	43.95%	6,974.28%	-440.52%	-477.26%	-328.08%	-99.47%	-111.44%	-115.10%	-114.28%	-49.38%
EPS Growth (1Y)	55.91%	56.77%	38.33%	6,707.40%	-427.83%	-467.29%	-327.69%	-99.47%	-111.42%	-115.07%	-114.12%	-49.95%
Valuation Metrics
P/E TTM	90.98	72.61	70.71	168.60	144.13	155.78	106.96	13,850.92	-484.21	-420.89	-181.37	48.80
P/B TTM	1.17	0.99	1.11	1.03	1.12	1.35	1.18	1.23	1.11	0.94	0.88	0.81
P/S TTM	5.89	5.26	6.08	5.69	6.14	7.26	6.57	6.67	5.97	5.05	4.73	4.33
Market Cap	3.93B	3.48B	4.00B	3.71B	3.96B	4.65B	4.20B	4.31B	3.91B	3.33B	3.12B	2.84B
Enterprise Value	3.88B	3.46B	3.95B	3.66B	3.94B	4.62B	4.16B	4.26B	3.86B	3.31B	3.10B	2.80B
Calculated Values
Free Cash Flow TTM	152.27M	153.60M	129.40M	-24.70M	-21.91M	-21.14M	21.19M	174.28M	262.06M	259.32M	262.17M	261.29M
Net Debt	-46.70M	-23.34M	-47.62M	-50.93M	-19.49M	-29.06M	-43.45M	-48.24M	-47.40M	-21.28M	-22.85M	-48.99M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-01Sale

Owner: Gebert, Richard D

Title: -

Shares: 500

Price/Share: $16.15

Value: $8,075.00

Shares Owned: 43,069

Relationship: Director

Ownership: Direct

2026-05-01Sale

Owner: Gebert, Richard D

Title: -

Shares: 500

Price/Share: $16.33

Value: $8,165.00

Shares Owned: 37,372

Relationship: Director

Ownership: Direct

2026-04-01Sale

Owner: Gebert, Richard D

Title: -

Shares: 500

Price/Share: $14.85

Value: $7,425.00

Shares Owned: 37,872

Relationship: Director

Ownership: Direct

2026-03-02Sale

Owner: Gebert, Richard D

Title: -

Shares: 500

Price/Share: $16.47

Value: $8,235.00

Shares Owned: 38,372

Relationship: Director

Ownership: Direct

2026-02-02Sale

Owner: Gebert, Richard D

Title: -

Shares: 500

Price/Share: $16.73

Value: $8,365.00

Shares Owned: 38,872

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-01	Gebert, Richard D	Director	-	Direct	Sale	500	16.15	$8,075.00	43,069	4
2026-05-01	Gebert, Richard D	Director	-	Direct	Sale	500	16.33	$8,165.00	37,372	4
2026-04-01	Gebert, Richard D	Director	-	Direct	Sale	500	14.85	$7,425.00	37,872	4
2026-03-02	Gebert, Richard D	Director	-	Direct	Sale	500	16.47	$8,235.00	38,372	4
2026-02-02	Gebert, Richard D	Director	-	Direct	Sale	500	16.73	$8,365.00	38,872	4
2026-01-02	Gebert, Richard D	Director	-	Direct	Sale	500	17.38	$8,690.00	39,372	5
2025-12-01	Gebert, Richard D	Director	-	Direct	Sale	500	17.00	$8,500.00	39,872	4
2025-11-03	Gebert, Richard D	Director	-	Direct	Sale	500	15.74	$7,870.00	40,372	4
2025-10-01	Gebert, Richard D	Director	-	Direct	Sale	500	16.42	$8,210.00	40,872	4
2025-09-02	Gebert, Richard D	Director	-	Direct	Sale	500	17.88	$8,940.00	41,372	4
2025-08-01	Gebert, Richard D	Director	-	Direct	Sale	500	16.90	$8,450.00	41,872	4
2025-07-01	Gebert, Richard D	Director	-	Direct	Sale	500	17.58	$8,790.00	42,372	4
2025-06-02	Gebert, Richard D	Director	-	Direct	Sale	500	18.40	$9,200.00	42,872	4
2025-05-01	Gebert, Richard D	Director	-	Direct	Sale	500	19.01	$9,505.00	38,194	4
2025-04-01	Gebert, Richard D	Director	-	Direct	Sale	500	21.28	$10,640.00	38,694	4
2025-04-01	Schaeffer, Scott	Director,Officer	Chair Board and CEO	Direct	Sale	10,000	21.21	$212,100.00	873,365	4
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Institutional Ownership

No data available for chart

2026-03-31

90.04%

Inst. Shares: 212,889,850

Shares Outstanding: 236,432,728

2025-12-31

92.90%

Inst. Shares: 217,325,158

Shares Outstanding: 233,923,616

2025-09-30

92.00%

Inst. Shares: 214,936,979

Shares Outstanding: 233,634,546

2025-06-30

90.99%

Inst. Shares: 212,453,325

Shares Outstanding: 233,496,633

2025-03-31

90.57%

Inst. Shares: 208,976,755

Shares Outstanding: 230,723,583

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	212,889,850	236,432,728	90.04%
2025-12-31	217,325,158	233,923,616	92.90%
2025-09-30	214,936,979	233,634,546	92.00%
2025-06-30	212,453,325	233,496,633	90.99%
2025-03-31	208,976,755	230,723,583	90.57%
2024-12-31	207,870,952	224,798,958	92.47%
2024-09-30	199,644,048	224,820,656	88.80%
2024-06-30	189,111,360	224,793,229	84.13%
2024-03-31	173,991,731	224,627,115	77.46%
2023-12-31	178,646,912	224,414,443	79.61%
2023-09-30	169,399,225	224,498,374	75.46%
2023-06-30	172,870,963	224,422,515	77.03%
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INDEPENDENCE REALTY TRUST, INC. (IRT) — SEC Financial Statements & Analysis

INDEPENDENCE REALTY TRUST, INC. (IRT) is a real estate investment trusts company, incorporated in MD. INDEPENDENCE REALTY TRUST, INC. trades on NYSE as: IRT. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), INDEPENDENCE REALTY TRUST, INC. reported a 3.46% year-over-year revenue growth, a Gross Profit Margin of 113.39% (TTM), a Price-to-Sales (P/S) ratio of 5.89x (TTM), a Price-to-Book (P/B) ratio of 1.17x (TTM), at a market cap of $3.93B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 3.46%
Gross Profit Margin TTM: 113.39%
P/S TTM: 5.89x
P/B TTM: 1.17x
Market Cap: $3.93B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is INDEPENDENCE REALTY TRUST, INC. in?

INDEPENDENCE REALTY TRUST, INC. (IRT) operates in the Real Estate Investment Trusts industry.

What is IRT's market cap?

INDEPENDENCE REALTY TRUST, INC. (IRT) has a market capitalization of $3.93B as of 2026-06-30.

What is IRT's P/E ratio?

INDEPENDENCE REALTY TRUST, INC. (IRT)'s trailing twelve month P/E ratio is 90.98x as of 2026-06-30.

What exchange does IRT trade on?

INDEPENDENCE REALTY TRUST, INC. (IRT) trades on the NYSE.

Where is INDEPENDENCE REALTY TRUST, INC. incorporated?

INDEPENDENCE REALTY TRUST, INC. is incorporated in MD.