Discounted Cash Flow

Independence Realty Trust, Inc. REIT

IRT · Based on 10 years of SEC filings

DCF estimate unavailable — loss_in_2023

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $153.4m $-9.8m $-18.2m -6.4% $-0.19
2017 $161.2m (5.1%) $30.2m (408.2%) $40.0m (319.6%) 18.7% (393.2%) $0.41 (315.8%)
2018 $191.2m (18.6%) $26.3m (-13.0%) $67.9m (70.0%) 13.7% (-26.6%) $0.30 (-26.8%)
2019 $203.2m (6.3%) $45.9m (74.6%) $74.8m (10.0%) 22.6% (64.3%) $0.51 (70.0%)
2020 $211.9m (4.3%) $14.8m (-67.8%) $74.9m (0.2%) 7.0% (-69.1%) $0.16 (-68.6%)
2021 $250.3m (18.1%) $44.6m (201.9%) $52.1m (-30.4%) 17.8% (155.7%) $0.41 (156.2%)
2022 $628.5m (151.2%) $117.2m (163.0%) $165.6m (217.9%) 18.7% (4.7%) $0.53 (29.3%)
2023 $661.0m (5.2%) $-17.2m (-114.7%) $115.5m (-30.2%) -2.6% (-114.0%) $-0.08 (-115.1%)
2024 $640.0m (-3.2%) $39.3m (328.1%) $141.5m (22.5%) 6.1% (335.5%) $0.17 (312.5%)
2025 $657.7m (2.8%) $56.6m (43.9%) $146.5m (3.6%) 8.6% (40.1%) $0.24 (41.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

loss_in_2023

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.