| Market Capitalization (Millions $) |
3,807 |
| Shares
Outstanding (Millions) |
236 |
| Employees |
904 |
| Revenues (TTM) (Millions $) |
667 |
| Net Income (TTM) (Millions $) |
44 |
| Cash Flow (TTM) (Millions $) |
1 |
| Capital Exp. (TTM) (Millions $) |
134 |
Business Description
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, Suite 2601 Philadelphia 19103 PA
Company Phone Number: 270-4800 Stock Exchange / Ticker: NYSE IRT
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198.85 %