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Independence Realty Trust Inc   (IRT)
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Price: $15.5700 $0.10 0.646%
Day's High: $15.61 Week Perf: -3.35 %
Day's Low: $ 15.24 30 Day Perf: 7.08 %
Volume (M): 2,827 52 Wk High: $ 18.77
Volume (M$): $ 44,013 52 Wk Avg: $15.66
Open: $15.28 52 Wk Low: $11.61



 Market Capitalization (Millions $) 3,353
 Shares Outstanding (Millions) 215
 Employees 1,000
 Revenues (TTM) (Millions $) 661
 Net Income (TTM) (Millions $) -18
 Cash Flow (TTM) (Millions $) 7
 Capital Exp. (TTM) (Millions $) 79

Independence Realty Trust Inc
Independence Realty Trust Inc (IRT) is a real estate investment trust that primarily focuses on the ownership, management, acquisition, and development of apartment communities in the United States. The company is headquartered in Philadelphia and was founded in 2009.

The company's investment strategy is based on acquiring and managing high-quality multifamily properties with attractive risk-adjusted returns, primarily in markets with strong population and employment growth. IRT targets a diversified portfolio of apartment communities, including garden-style, mid-rise, and high-rise properties.

The company's portfolio consists of 62 apartment communities across 15 states, totaling over 16,000 units. These communities are located in urban and suburban areas, primarily in the Northeast, Mid-Atlantic, and Southeast regions of the United States. IRT's communities offer a range of amenities, such as fitness centers, swimming pools, clubhouses, and covered parking.

IRT also has a strong track record of operational excellence, with a focus on delivering superior customer service to its residents. The company has an experienced management team with expertise in property management, leasing, and asset management.

In addition, IRT is committed to investing in sustainability and has implemented a number of environmentally-friendly initiatives across its portfolio. These initiatives include energy-efficient lighting and appliances, water-saving devices, and sustainable landscaping practices.

The company's financial performance has been strong, with consistent revenue growth and profitability. As of March 31, 2021, IRT had a total market capitalization of approximately $1.8 billion and a debt-to-equity ratio of39.

Overall, Independence Realty Trust Inc is a well-managed real estate investment trust that has a solid portfolio of apartment communities and a strong focus on sustainability and customer service. Its consistent financial performance and experienced management team make the company an attractive investment opportunity for those interested in the multifamily real estate sector.


   Company Address: 1835 Market Street Philadelphia 19103 PA
   Company Phone Number: 270-4800   Stock Exchange / Ticker: NYSE IRT
    Next quarterly dividend pay out on April 19, 2024.


   

Stock Performances by Major Competitors

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Dividend

Independence Realty Trust Maintains Dividend Amid Market Turbulence: A Testament to Resilience and Stability in Uncertain Times

Published Mon, Mar 11 2024 8:30 PM UTC

Independence Realty Trust Declares Quarterly Dividend, Maintaining Investor Confidence amid Uncertainty
In a move that showcases confidence in its financial position despite recent market fluctuations, Independence Realty Trust, Inc. (NYSE: IRT) announced the declaration of a quarterly dividend of $0.16 per share of IRT common stock. The dividend will be payable on April...

Contract

Industry Veteran Craig Macnab Joins Independence Realty Trust's Board, Promising Growth and Expertise

Published Fri, Mar 1 2024 12:55 PM UTC

Independence Realty Trust, Inc. (IRT), a leading real estate investment trust (REIT), has recently made a significant addition to its board of directors. On February 29, 2024, the company announced the appointment of Craig Macnab, a highly experienced executive, to its Board. With over two decades of expertise in the REIT industry, including a successful tenure as the CEO of...

Independence Realty Trust Inc

Market Reaction to Independence Realty Trust Inc's Financial Performance in Q4 2023: A Closer Look

There are several concerning factors surrounding Independence Realty Trust Inc's recent financial performance and strategic decisions. The company reported a loss of $0.18 per share for the October to December 2023 timeframe, compared to a profit of $0.10 per share in the same period a year ago. Additionally, the company's earnings per share fell from $0.02 per share in the previous reporting season. These declining earnings indicate a concerning trend for the company's profitability.
Furthermore, while the company reported a slight increase in revenue by 2.609% to $167.05 million from $162.80 million a year ago, the revenue sequentially decreased by -0.925%. This decline in revenue raises concerns about the company's ability to generate consistent and sustainable growth.

Contract

Independence Realty Trust Strategically Sells Four Properties, Paving the Way for Portfolio Optimization and Financial Growth

Published Wed, Jan 3 2024 1:00 PM UTC

Independence Realty Trust Successfully Executes Strategic Sale of Four Properties, Bolstering Portfolio Optimization and Deleveraging EffortsPhiladelphia-based real estate investment trust, Independence Realty Trust (IRT), broke new ground with the recent completion of the sale of four properties across four markets. The move serves as a vital milestone in the company's ongo...

Dividend

Independence Realty Trust Maintains Dividend Commitment Amid Stock Downturn: Promising Returns for Shareholders in 2024

Published Mon, Dec 11 2023 10:15 PM UTC

Despite Stock Downturn, Independence Realty Trust Declares Quarterly Dividend for Shareholders in 2024
Philadelphia-based Independence Realty Trust, Inc. (NYSE: IRT) has recently announced that its board of directors has declared a quarterly dividend of $0.16 per share of IRT common stock. The dividend is set to be paid to stockholders on January 19, 2024, and will speci...






 

Independence Realty Trust Inc's Segments
 
 
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Independence Realty Trust Inc does not provide revenue guidance.

Earnings Outlook
Independence Realty Trust Inc does not provide earnings estimates.

 
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