INDEPENDENCE REALTY TRUST, INC. IRT

Latest FY: 2025 Real Estate REIT - Residential
Market Price $17.03
Market Cap $4.01B
P/E Ratio 70.96
Quick Peer Compare (Real Estate):
Revenue (FY 2025) ↑2.8% YoY
$657.70M
3-Yr CAGR: 1.5%
Net Income ↑43.9% YoY
$56.56M
Net Margin: 8.6%
Free Cash Flow ↑3.6% YoY
$146.52M
FCF Yield: 3.66%
EPS (Diluted) ↑41.2% YoY
$0.24
Basic: $0.24
Return on Equity Efficiency
1.6%
ROA: 1,904.3%

📊 Multi-Year Historical Performance & Trends

Financial Performance History Revenue, Net Income & Free Cash Flow
Margins Trend (%) Gross, Operating & Net Margins
Balance Sheet Strength Cash, Debt & Equity
Cash Flow Generation Operating Cash Flow vs CapEx vs FCF

📈 Year-over-Year (YoY) Growth History (IRT)

All monetary values in millions ($M)
⚠️ YoY Data Quality Alert
  • FY 2021: Revenue YoY (+18.1%) is identical to Gross Profit YoY (+18.1%). Verify the underlying Revenue and Gross Profit values for FY 2021 and FY 2020.
  • FY 2022: Revenue YoY (+151.2%) is identical to Gross Profit YoY (+151.2%). Verify the underlying Revenue and Gross Profit values for FY 2022 and FY 2021.
  • FY 2023: Revenue YoY (+5.2%) is identical to Gross Profit YoY (+5.2%). Verify the underlying Revenue and Gross Profit values for FY 2023 and FY 2022.
  • FY 2024: Revenue YoY (-3.2%) is identical to Gross Profit YoY (-3.2%). Verify the underlying Revenue and Gross Profit values for FY 2024 and FY 2023.
  • FY 2025: Revenue YoY (+2.8%) is identical to Gross Profit YoY (+2.8%). Verify the underlying Revenue and Gross Profit values for FY 2025 and FY 2024.
Fiscal Year Revenue Revenue YoY Gross Profit Net Income Net Inc YoY Diluted EPS EPS YoY Op. Cash Flow Free Cash Flow FCF YoY
FY 2016 $153.4M $43.1M $-9.8M $-0.19 $-7.5M $-18.2M
FY 2017 $161.2M +5.1% $55.0M $30.2M +408.2% $0.41 +315.8% $54.3M $40.0M +319.6%
FY 2018 $191.2M +18.6% $155.2M $26.3M -13.0% $0.30 -26.8% $68.5M $67.9M +70.0%
FY 2019 $203.2M +6.3% $164.0M $45.9M +74.6% $0.51 +70.0% $75.0M $74.8M +10.0%
FY 2020 $211.9M +4.3% $53.0M $14.8M -67.8% $0.16 -68.6% $75.0M $74.9M +0.2%
FY 2021 $250.3M +18.1% $62.6M $44.6M +201.9% $0.41 +156.2% $52.3M $52.1M -30.4%
FY 2022 $628.5M +151.2% $157.1M $117.2M +163.0% $0.53 +29.3% $249.5M $165.6M +217.9%
FY 2023 $661.0M +5.2% $165.2M $-17.2M -114.7% $-0.08 -115.1% $262.2M $115.5M -30.2%
FY 2024 $640.0M -3.2% $160.0M $39.3M +328.1% $0.17 +312.5% $259.8M $141.5M +22.5%
FY 2025 $657.7M +2.8% $164.4M $56.6M +43.9% $0.24 +41.2% $282.1M $146.5M +3.6%
$

Valuation

Market Price $17.03
Market Cap $4.01B
Enterprise Value $6.27B
P/E Ratio 70.96
P/B Ratio 1.16
FCF Yield 3.66%
Dividend Yield 3.93%
Shares Outstanding 235,714,700
%

Profitability & Margins

Gross Margin 25.00%
Operating Margin 0.05%
Net Margin 8.60%
Return on Equity (ROE) 1.63%
Return on Assets (ROA) 1,904.31%
Asset Turnover 221.45x
Revenue 3-Yr CAGR 1.52%
🛡️

Financial Health & Liquidity

Current Ratio N/A
Cash Ratio N/A
Debt / Equity 0.659
Debt / Assets 768.173
Cash & Equivalents $23.56M
Total Debt $2.28B
Book Value / Share $14.68
💧

Cash Flow Efficiency

Operating Cash Flow $282.15M
Capital Expenditures (CapEx) $135.62M
Free Cash Flow $146.52M
OCF / Revenue 42.90%
FCF / Revenue 22.28%
FCF 3-Yr CAGR -3.99%
🏷️

Per Share Metrics

EPS (Diluted) $0.24
EPS (Basic) $0.24
Dividends / Share $0.67
Book Value / Share $14.68
EPS YoY Growth 41.18%
🏛️

Balance Sheet (FY 2025)

Total Assets $2.97M
Total Liabilities $2.43B
Stockholders' Equity $3.46B
Current Assets N/A
Current Liabilities N/A