Independence Realty Trust

Independence Realty Trust, Inc. is a real estate investment trust, which acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It aims to provide stockholders risk-adjusted returns through diligent portfolio management, operational performance and consistent return of capital through distributions and capital appreciation. The company was founded on March 26, 2009 and is headquartered in Philadelphia, PA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Independence Realty Trust (IRT) excels in Q4 2022 earnings call, poised for growth amid market challenges

Independence Realty Trust (IRT) demonstrated robust financial performance and operational efficiency in Q4 2022, positioning the company for continued success.
While facing challenges such as market dynamics and asset dispositions, IRT remains focused on growth opportunities and enhancing shareholder value.
Opportunities in market rent growth, occupancy optimization, and resident retention provide avenues for IRT to further strengthen its position in the real estate sector.

Independence Realty Trust (IRT) excels in Q1, eyes Midwest growth

Independence Realty Trust (IRT) demonstrated robust Q1 performance with strong financial metrics and operational achievements. The company's strategic focus on value-add properties, stable Midwest markets, and competitive pricing strategies position it well for future growth.

Independence Realty Trust (IRT) reports robust Q2 performance and raises 2023 guidance

Independence Realty Trust (IRT) delivered a strong performance in Q2 2023, driven by operational improvements and strategic initiatives.
With a focus on reducing leverage, driving occupancy, and capitalizing on market trends, IRT is well-positioned for sustainable growth.
Despite potential challenges and uncertainties, IRT's proactive approach to portfolio optimization and financial management bodes well for its future prospects.

Independence Realty Trust (IRT) reports improved Q3 performance and strategic asset sales

Independence Realty Trust (IRT) Q3 earnings call highlighted improved operational performance, cost reductions, and strategic asset sales for deleveraging. Despite challenges in certain markets, the company remains focused on optimizing its portfolio and driving efficiency.

Independence Realty Trust (IRT) excels in Q4 amidst market challenges

Independence Realty Trust (IRT) demonstrated resilience and strategic foresight in navigating market challenges while delivering strong financial performance in Q4 2023.
The company's proactive approach to portfolio optimization, technology integration, and value-driven strategies positions it well for continued growth and stability in the real estate sector.
Despite the anticipated headwinds in 2024, IRT's focus on reducing debt, enhancing operational efficiency, and maximizing portfolio performance underscores its commitment to long-term success.

Independence Realty Trust excels in Q1 2024 performance and strategic planning

Independence Realty Trust (IRT) delivered a strong performance in Q1 2024, focusing on operational efficiency, asset management, and sustainability initiatives.
While facing challenges in pricing power and maintaining NOI margin, IRT is well-positioned to capitalize on opportunities in Sunbelt regions and portfolio optimization.
Overall, IRT's strategic actions in Q1 set a positive trajectory for growth, supported by a solid financial foundation and a commitment to sustainable practices.

Independence Realty Trust reports solid Q3 results and eyes growth

IRT's Q3 performance reflects stability and growth potential, supported by strong occupancy and revenue metrics.
While facing challenges like rising operating expenses and leasing declines, the company is poised to capitalize on acquisition opportunities.
Maintaining guidance and making strategic adjustments position IRT well for continued financial strength and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on July 19, 2024 to stockholders of record at the close of business on June 28, 2024. About Independence Realty Trust, Inc. Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including.

Independence Realty Trust Announces Second Quarter 2024 Dividend

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and Chief Executive Officer, Jim Sebra, Chief Financial Officer and Jason Delozier, Chief Accounting Officer will be meeting with investors and analysts at Nareit's REITweek 2024 Investor Conference on June 4-5 at the New York Hilton Midtown in New York City. There will also be a management presentation on Tuesday, June 4th at 3:00pm ET. The link to the webcast can b.

Independence Realty Trust to Participate in Nareit's REITweek 2024 Investor Conference

American Homes 4 Rent

CubeSmart

EastGroup Properties

Essential Properties Realty Trust Inc

Extra Space Storage

First Industrial Realty Trust

Innovative Industrial Properties

Invitation Homes

National Storage Affiliates Trust

Prologis

Public Storage

Rexford Industrial Realty

Rayonier

Terreno Realty

Vici Properties

Vanguard Real Estate ETF

There are two types of REITs: COWs (Cash Only Wanted) that focus on high dividend yield, and FROGs (Fast Rate of Growth) that prioritize maximizing total return. Higher yield usually means lower gain, and vice versa, so investors generally have to choose between the two. This article lists 13 REITS that have grown Funds From Operations at double-digit rates, maintain ample liquidity, and have outperformed the average REIT over the past 3 years.

13 Fast-Growing REITs With Strong Balance Sheets

Apartment Income REIT Corp

Blackstone Group

Camden Property

Centerspace REIT

Digital Realty Trust

Iron Mountain

Mid-America Apartment Communities

Welltower

Blackstone has been on a REIT buying spree. Its leaders are self-made billionaires, and they talk highly about REITs. This is not surprising given that they are trading at their lowest valuations in over a decade.

Billionaire Investors Say 'Buy REITs'

Independence Realty Trust is one of the few REITs to deliver a positive return so far in 2024. Net debt accounts for just 38% of enterprise value, with the company largely completing its non-core disposal program. Weighted average cost of debt is only 4.2% thanks to hedging, with limited maturities until 2028.

Independence Realty Trust: Poised To Outperform Thanks To Low Leverage And Improving Occupancy

Agree Realty

AGNC Investment

Alexander & Baldwin

Alexandria Real Estate Equities

AvalonBay Communities

JPMorgan BetaBuilders MSCI US REIT ETF

Blackstone Mortgage Trust

COPT Defense Properties

Cousins Properties

Healthpeak Properties Inc

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Equity LifeStyle Properties

Equity Residential

Empire State Realty Trust

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Getty Realty

Highwoods Properties

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed's policy meeting in the week ahead, markets were confounded - albeit temporarily - by a "jarring" GDP report that showed a return of "stagflationary" trends. Defying the macro headwinds to post its best week since November, the S&P 500 rallied 2.8% on the week - erasing essentially all of its declines in the prior week.

Stagflation Is Back

Independence Realty Trust, Inc. (IRT) Q1 2024 Earnings Call Transcript

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its first quarter 2024 financial results. First Quarter Highlights Net income available to common shares of $17.6 million for the quarter ended March 31, 2024 compared to $8.6 million for the quarter ended March 31, 2023. Earnings per diluted share of $0.08 for the quarter ended March 31, 2024 compared to $0.04 for the quarter ended March 31, 2023. Same-store portfol.

Independence Realty Trust Announces First Quarter 2024 Financial Results

Brixmor Property Group

Modiv

Plymouth Industrial REIT

Tricon Residential

W. P. Carey

I have suffered many losses over the years. But fortunately, I have had many more winners than losers. I discuss some of my best REIT investments and lessons that they taught me.

My Biggest REIT Wins And Lessons

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its first quarter 2024 financial results after market close on Wednesday, April 24, 2024, and will hold its quarterly results conference call on Thursday, April 25, 2024 at 9:00 a.m. Eastern Time. The live conference call can be accessed from the investor relations section of the IRT website at investors.irtliving.com or by dialing 1.888.440.3307, access code 1963990. A.

Independence Realty Trust Announces First Quarter 2024 Earnings Release and Conference Call Dates

Broadstone Net Lease

CTO Realty Growth

CareTrust REIT

Diversified Healthcare Trust

Ellington Residential Mortgage REIT

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

LTC Properties

Neuberger Berman Real Estate Securities Income Fund Inc

Realty Income Corp

US Diversified Real Estate ETF

Invesco Active US Real Estate

ALPS Active REIT ETF

Virtus Real Asset Income ETF

U.S. equity markets declined this week while benchmark interest rates jumped to the highest level since November after stronger-than-expected employment data showed robust hiring trends in early 2024. Stagflation has crept back into the economic discussion over the past several weeks amid a resurgence in oil prices alongside economic data showing stubbornly lukewarm inflationary trends. Following two straight weeks of gains which had lifted the benchmark to record-highs, the S&P 500 declined by 0.9% this week. Real estate equities were among the laggards this week.

A Crude Problem

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today the sale of three properties in three markets, as part of the Company's Portfolio Optimization and Deleveraging Strategy. The total gross sales price of the three properties was $168.1 million, with each property sale closing in March 2024. In total, since the Portfolio Optimization and Deleveraging Strategy was established in October 2023, the Company has sold nine of the targeted 10 properties,.

Independence Realty Trust Completes Sale of Three Additional Properties as Part of Portfolio Optimization and Deleveraging Strategy

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced its 2023 Sustainability Report, highlighting the progress we have made against our sustainability strategy over the last year and the initiatives we have in place to continue building a sustainable and inclusive future for our business and all of our stakeholders. For the full report, please visit https://investors.irtliving.com/sustainability/. IRT's sustainability approach is underpinned by four.

Independence Realty Trust Announces 2023 Sustainability Report

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on April 19, 2024 to stockholders of record at the close of business on March 29, 2024. About Independence Realty Trust, Inc. Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets includin.

Independence Realty Trust Announces First Quarter 2024 Dividend

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) announced today that the Company received an investment grade rating from Fitch Ratings (“Fitch”). Fitch has assigned a Long-Term Issuer Default Rating of ‘BBB' to IRT with a stable outlook. In addition, Fitch has assigned a rating of ‘BBB' to the company's subsidiary, Independence Realty Operating Partnership, LP and its senior unsecured debt, which includes credit facilities and unsecured term.

Independence Realty Trust Receives Investment Grade Credit Rating from Fitch

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) announced today that Scott Schaeffer, Chairman and Chief Executive Officer and Jim Sebra, Chief Financial Officer, will be participating next week in Citi's 2024 Global Property CEO Conference held in Hollywood, FL. The Company published its updated Investor Presentation in the investor relations section of IRT's website. Roundtable Presentation When: Tuesday, March 5, 2024 at 3:35 PM ET Live Web.

Independence Realty Trust to Present at Citi's 2024 Global Property CEO Conference

National Retail Properties

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) today announced the appointment of Craig Macnab to its Board of Directors (the “Board”), effective February 29, 2024. Mr. Macnab brings over 20 years of experience to IRT's Board after serving in various executive and board roles in the REIT industry, including most recently as CEO of National Retail Properties, Inc. (NYSE: NNN) for 13 years. Mr. Macnab's appointment increases the size of IRT's B.

Independence Realty Trust Appoints Craig Macnab to its Board of Directors

Independence Realty Trust has outperformed competitors and the Vanguard Real Estate ETF in terms of total return which makes it a strong contender. The recent earnings report showed mixed financial performance, with a decrease in net income but increased revenue, NOI, and portfolio occupancy. IRT is implementing a portfolio optimization and debt reduction strategy, selling properties and reducing debt to improve financials.

Independence Realty: Q4 Earnings Show Improved Portfolio Strength

Independence Realty Trust, Inc. (IRT) Q4 2023 Earnings Call Transcript

Independence Realty Trust (IRT) came out with quarterly funds from operations (FFO) of $0.30 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.29 per share a year ago.

Independence Realty Trust (IRT) Q4 FFO Meet Estimates

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its fourth quarter and full year 2023 financial results and provided its full year 2024 guidance. Fourth Quarter Highlights Net loss available to common shares of $40.5 million for the quarter ended December 31, 2023 compared to net income available to common shares of $33.6 million for the quarter ended December 31, 2022. Loss per diluted share of $0.18 for the quar.

Independence Realty Trust Announces Fourth Quarter and Full Year 2023 Financial Results

InvenTrust Properties Corp

Whitestone REIT

The Sunbelt region is experiencing rapid population growth. This has also led to a surge in construction activity, particularly in the multifamily property sector. However, retail real estate is underbuilt. We highlight our Top Picks.

Our Favorite REITs For Sunbelt Real Estate

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax status of 2023 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table: Common Shares (CUSIP #45378A106) Record Date Payment Date Distribution Per Share Ordinary Dividend Total Capital Gain Distr. Unrecap- tured Sec. 1250 Gain Section 897 Capital Gain Return of Capital Section 199A 3/31/23 4/21/.

Independence Realty Trust Announces Tax Treatment of Dividends in 2023

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its fourth quarter and full year 2023 financial results after market close on Wednesday, February 14, 2024, and will hold its quarterly results conference call on Thursday, February 15, 2024 at 9:00 a.m. Eastern Time. The live conference call can be accessed from the investor relations section of the IRT website at investors.irtliving.com or by dialing 1.888.660.9916, ac.

Independence Realty Trust Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call Dates

Clipper Realty

Elme Communities

Essex Property Trust

NexPoint Residential Trust

ProShares Short Real Estate

Apartment REITs were among the weakest-performing property sectors for a second-straight year in 2023 - lagging even the battered office sector - despite delivering another year of mid-single-digit earnings growth. Following two years of record-setting rent growth, residential rents decelerated in 2023 alongside a broader cooling of inflationary pressures, with multifamily rents seeing a particularly sharp cooldown amid supply headwinds. The wave of pandemic-era development - started at a time when rents were rising double-digits - resulted in a record year of new deliveries in 2023 with similarly elevated supply levels.

Apartment REITs: A Renter's Market

News for Independence Realty Trust Stock (IRT)