Stocks · Real Estate · REIT - Residential
Independence Realty Trust, Inc. IRT
$14.72 +1.45% Close, Oct 5, 2026 · NYSE · Market cap $3.42B
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin narrowed to 17.0% from 28.2% a year earlier.
- Diluted EPS over the last four quarters was $0.18, up 52.0% year over year.
- Net debt is 6.3× EBITDA, a high level of leverage.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 41%
- EPS growth (TTM, YoY)Top 26%
- FCF growth (TTM, YoY)Top 36%
- Revenue growth, 3-year CAGRBottom 26%
- Revenue growth accelerationBottom 46%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 1%
- Gross marginBottom 13%
- Operating marginBottom 36%
- Cash conversion (OCF / net income)Top 13%
- Accruals (lower is better)Top 39%
- Net debt / EBITDA (lower is better)Bottom 44%
- Interest coverTop 46%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 40%
- Free-cash-flow yieldBottom 40%
- EBITDA / enterprise valueTop 48%
- Sales / enterprise valueTop 49%
- P/E vs own 5-year history (lower is better)Bottom 40%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 42%
- 6-month returnBottom 50%
- 1-year return vs S&P 500Bottom 45%
- Distance from 52-week highTop 35%
- Trend checklist (0–4)Bottom 23%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 6%
- Consecutive EPS beatsBottom 18%
- Share of analysts rating BuyTop 14%
- Upside to consensus price targetTop 37%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 33%
- Maximum drawdown, 3 yearsTop 44%
- Beta vs S&P 500 (lower is better)Bottom 43%
- Net debt / EBITDA (lower is better)Bottom 44%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 3.2% | 3.4% | ↑ |
| EPS growth (YoY) | 53.9% | 52.0% | ↓ |
| Gross margin | 58.9% | 1.0% | ↓ |
| Operating margin | 28.2% | 17.0% | ↓ |
| FCF margin | 20.0% | 21.3% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 3.4% | 3.2% | ↑ | Bottom 41% |
| EPS growth (TTM, YoY) | 52.0% | 53.9% | ↓ | Top 26% |
| Gross margin | 1.0% | 58.9% | ↓ | Bottom 13% |
| Operating margin | 17.0% | 28.2% | ↓ | Bottom 36% |
| Net margin | 6.5% | 4.3% | ↑ | — |
| Free-cash-flow margin | 21.3% | 20.0% | ↑ | — |
| Return on invested capital | 495.6% | — | Top 1% | |
| Revenue growth, 3-year CAGR | 1.5% | — | Bottom 26% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.8%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.1%
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 6.34×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.19%
- Net buyback yield (TTM)
- -1.54%
- Shareholder yield
- -1.35%
- Share count change, 1 year
- +0.8%
- Share count change, 3-year CAGR
- +1.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 4, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- +100.0%
- Average 2-day reaction, last 8
- -0.9%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $19.00
- Target vs current price
- +29.1%
- Analysts with a rating
- 28
- Share rating Buy or Strong Buy
- 75%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 3, 2026 | -60.3% | +0.8% | +3.8% | -1.9% | — |
| Apr 29, 2026 | +766.7% | -0.2% | +1.1% | +1.0% | +1.8% |
| Feb 11, 2026 | +62.6% | -1.4% | -3.0% | -6.0% | -4.0% |
| Oct 29, 2025 | -90.0% | -4.2% | +2.7% | +8.1% | +6.1% |
| Jul 30, 2025 | -42.5% | -2.2% | -1.6% | -0.6% | -6.8% |
| Apr 30, 2025 | +4.0% | +0.1% | -0.2% | -5.8% | -10.5% |
| Feb 12, 2025 | +300.0% | -0.5% | +2.2% | +2.0% | -4.9% |
| Oct 30, 2024 | +0.0% | +0.3% | +1.0% | +10.2% | -3.3% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 3, 2026 | $0.01 | $0.03 | -60.3% | $167.1M |
| Apr 29, 2026 | $0.26 | $0.03 | +766.7% | $165.2M |
| Feb 11, 2026 | $0.14 | $0.09 | +62.6% | $166.8M |
| Oct 29, 2025 | $0.03 | $0.30 | -90.0% | $166.9M |
| Jul 30, 2025 | $0.03 | $0.06 | -42.5% | $161.9M |
| Apr 30, 2025 | $0.04 | $0.04 | +4.0% | $160.9M |
| Feb 12, 2025 | $0.32 | $0.08 | +300.0% | $160.6M |
| Oct 30, 2024 | $0.29 | $0.29 | +0.0% | $160.1M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 80.2× | 85.0× | 41th | Bottom 40% |
| P/E (forward) | 106.6× | — | — | — |
| EV / EBITDA | 15.3× | — | — | Top 48% |
| EV / Sales | 8.76× | — | — | Top 49% |
| Free-cash-flow yield | 4.16% | — | — | Bottom 40% |
| Earnings yield | 1.25% | — | — | Bottom 40% |
P/E over the past five years
Range 26.9× – 165.3× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -9.8%
- Earnings per share growth (TTM)
- +52.0%
- Change in P/E multiple
- -33.1%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -4.5%
- 200-day average slope (20 days)
- -1.2%
- Distance from 50-day average
- -7.7%
- Distance from 200-day average
- -9.7%
- RSI (14)
- 37.4
- Relative volume
- 1.01×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 20.7%
- Volatility vs own 5-year history
- 14th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.62
- Correlation with S&P 500
- 0.40
- Current drawdown from 1-year high
- -17.2%
- Maximum drawdown, 3 years
- -34.1%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 21, 2022 | Oct 30, 2023 | -57.0% | 383 days | Not yet recovered |
| Dec 31, 2021 | Jan 26, 2022 | -14.9% | 17 days | 24 days (Mar 2, 2022) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $3.42B
- P/E (TTM)
- 80.2
- EPS, diluted (TTM)
- $0.18
- Revenue (TTM)
- $666.8M
- Dividend yield
- 4.76%
- 52-week range
- $14.34 – $17.79
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $250.3M | $628.5M | $661.0M | $640.0M | $657.7M |
| Gross profit | $147.5M | $372.2M | $389.6M | $374.5M | -$98.0M |
| Operating income | $51.9M | $93.1M | $147.8M | $129.4M | $121.2M |
| Net income | $44.6M | $117.2M | -$17.2M | $39.3M | $56.6M |
| EPS (diluted) | $0.07 | $0.15 | -$0.08 | $0.17 | $0.24 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $160.1M | $161.3M | $161.2M | $162.2M | $167.1M | $167.1M | $165.3M | $167.2M |
| Net income | $12.4M | -$1.0M | $8.4M | $8.0M | $6.9M | $33.3M | -$68,000 | $3.4M |
| EPS (diluted) | $0.05 | -$0.00 | $0.04 | $0.03 | $0.03 | $0.14 | -$0.00 | $0.01 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $52.3M | $249.5M | $262.2M | $259.8M | $282.1M |
| Capital expenditure | -$43.0M | -$145.7M | -$146.6M | -$175.1M | -$135.6M |
| Free cash flow | $9.3M | $103.8M | $115.5M | $84.7M | $146.5M |
| Dividends paid | -$49.8M | -$105.8M | -$134.9M | -$144.0M | -$154.4M |
| Net share buybacks | -$2.9M | -$6.0M | -$5.2M | $108.7M | $132.4M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $22.5M
- Total assets
- $6.09B
- Total liabilities
- $2.60B
- Total debt
- $2.44B
- Net debt
- $2.42B
- Shareholders’ equity
- $3.36B
As of Jun 30, 2026 (filed Aug 4, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $0.18 | Oct 23, 2026 |
| Jun 26, 2026 | $0.18 | Jul 17, 2026 |
| Mar 27, 2026 | $0.17 | Apr 17, 2026 |
| Dec 31, 2025 | $0.17 | Jan 23, 2026 |
| Sep 30, 2025 | $0.17 | Oct 24, 2025 |
| Jun 27, 2025 | $0.17 | Jul 18, 2025 |
| Mar 28, 2025 | $0.16 | Apr 21, 2025 |
| Dec 31, 2024 | $0.16 | Jan 17, 2025 |
Short interest
- Shares sold short
- 15,738,463
- Days to cover
- 3.66
- Change vs previous report
- +20.1%
FINRA short interest, settlement date Sep 15, 2026.