Independence Realty Trust, Inc. (IRT) Research

Independence Realty Trust (IRT), publicly traded as NYSE: IRT, operates as a real estate investment trust specializing in owning and managing multifamily apartment communities. Their portfolio is concentrated in non-gateway U.S. markets such as Atlanta, Louisville, Memphis, and Raleigh. The company's strategy involves establishing a strong presence in select, amenity-rich submarkets, which are identified by features like excellent school systems, quality retail establishments, and significant employment hubs. Ultimately, IRT seeks to deliver appealing risk-adjusted returns to its shareholders. This is accomplished through meticulous portfolio oversight, robust operational execution, and a reliable return on capital, generated via both dividend distributions and asset value appreciation.

Market snapshot

Symbol
IRT
Price
$15.82
Day change
-1.00%
Market cap
$3.7B
P/E ratio
77.74x
52-week range
14.6-18.18
Sector
Real Estate
Industry
REIT - Residential
Next earnings
in 1 month
Analyst price target
$19.50

Peer companies

  • Broadstone Net Lease, Inc. (BNL)
  • Americold Realty Trust, Inc. (COLD)
  • DigitalBridge Group, Inc. (DBRG)
  • EPR Properties (EPR)
  • National Health Investors, Inc. (NHI)
  • Public Storage (PSA)
  • Sunstone Hotel Investors, Inc. (SHO)
  • Tanger Inc. (SKT)

Recent insider activity

  • Gebert Richard D — S-Sale (500 shares) on 2026-06-01
  • MACNAB CRAIG — A-Award (6197 shares) on 2026-05-13
  • MCCLURE MELINDA H — A-Award (6197 shares) on 2026-05-13
  • Soaries DeForest B. Jr. — A-Award (6197 shares) on 2026-05-13
  • Gebert Richard D — A-Award (6197 shares) on 2026-05-13

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