Feed / IRT

Independence Realty Trust, Inc.

IRT

Real Estate · 15.24 +0.2% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Independence Realty Trust, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Company+0.2% todayVolume comparison unavailable
Market group0 of 13 activeREIT - Residential · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • IRT's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if IRT's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Real Estate · REIT - Residential

No new filing conclusion is available. 0 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • IRT's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements82
Verified relationships1
Evidence supporting the case
  • Net margin changed +2.5 percentage points in the latest annual period.
Evidence challenging the case
  • Diluted shares increased 4.1% in the latest annual period.
  • Capital investment and capacity has repeated adverse evidence across 5 filings.
  • Credit and interest rates has repeated adverse evidence across 3 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 3 filings.
Questions before a position
  • P/E is 94% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 35% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

15.24
6m-5.0%12m-14.8%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$250.3M+18.1%$0.41+16.0%
2022-12-31$628.5M+151.2%$0.53
2023-12-31$661.0M+5.2%$-0.08+0.6%
2024-12-31$640.0M-3.2%$0.17+0.5%
2025-12-31$657.7M+2.8%$0.24+4.1%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitynegative · 5 filings
Our cash outflows from investing activities during the six months ended June 30, 2025 were primarily due to $58.6 million to acquire one multifamily property, $53.7 million of capital expenditures, $16.1 million of investments in unconsolidated real estate en…
10-Q · Aug 4, 2026
Credit and interest ratesnegative · 3 filings
We incurred $ 1,120 of deferred financing costs attributable to the Private Placement which have been allocated evenly between the notes and will be amortized into interest expense over their respective 7 - or 10 -year terms, respectively.
10-K · Feb 17, 2026
Restructuring and cost reductionsnegative · 3 filings
In addition, as of December 31, 2024, we identified one multifamily property as held for sale and recorded a loss on impairment of $21.0 million as a result of the carrying value of the real estate exceeding the expected sales price, less transaction costs.
10-K · Feb 17, 2026
Macroeconomic conditionsmixed · 2 filings
Significant assumptions included a range of capitalization rates between 5.5 % to 6.0 % reflecting the current economic conditions.
10-K · Feb 17, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 5.4× · EV/sales 8.9×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

15.24+0.2% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for IRT. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for IRT. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind IRT

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

AUSTFiling-linked namepartnerApr 30, 2026

In addition, as of March 31, 2026, we owned two newly developed properties, including one in Denver, Colorado, that contains 296 units and one in Austin, Texas that contains 378 units.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

IRT is currently a Follower in the organic co-movement group REIT - Residential. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.