INDEPENDENCE REALTY TRUST IN (IRT) Fundamental Analysis & Valuation

NYSE:IRT • US45378A1060

Current stock price

15.78 USD
-0.07 (-0.44%)
Last:

This IRT fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. IRT Profitability Analysis

1.1 Basic Checks

  • In the past year IRT was profitable.
  • IRT had a positive operating cash flow in the past year.
  • Of the past 5 years IRT 4 years were profitable.
  • In the past 5 years IRT always reported a positive cash flow from operatings.
IRT Yearly Net Income VS EBIT VS OCF VS FCFIRT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M

1.2 Ratios

  • The Return On Assets of IRT (0.94%) is worse than 60.00% of its industry peers.
  • IRT has a Return On Equity of 1.63%. This is in the lower half of the industry: IRT underperforms 65.00% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 1.73%, IRT is doing worse than 60.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for IRT is in line with the industry average of 2.73%.
Industry RankSector Rank
ROA 0.94%
ROE 1.63%
ROIC 1.73%
ROA(3y)0.44%
ROA(5y)0.76%
ROE(3y)0.76%
ROE(5y)1.36%
ROIC(3y)1.8%
ROIC(5y)1.44%
IRT Yearly ROA, ROE, ROICIRT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 4 6

1.3 Margins

  • IRT has a worse Profit Margin (8.60%) than 60.00% of its industry peers.
  • IRT's Profit Margin has improved in the last couple of years.
  • IRT's Operating Margin of 18.43% is in line compared to the rest of the industry. IRT outperforms 45.00% of its industry peers.
  • In the last couple of years the Operating Margin of IRT has declined.
  • Looking at the Gross Margin, with a value of 59.06%, IRT is in line with its industry, outperforming 60.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of IRT has remained more or less at the same level.
Industry RankSector Rank
OM 18.43%
PM (TTM) 8.6%
GM 59.06%
OM growth 3Y7.56%
OM growth 5Y-2.97%
PM growth 3Y-22.74%
PM growth 5Y4.34%
GM growth 3Y-0.09%
GM growth 5Y0.7%
IRT Yearly Profit, Operating, Gross MarginsIRT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40

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3

2. IRT Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IRT is destroying value.
  • Compared to 1 year ago, IRT has more shares outstanding
  • The number of shares outstanding for IRT has been increased compared to 5 years ago.
  • The debt/assets ratio for IRT has been reduced compared to a year ago.
IRT Yearly Shares OutstandingIRT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
IRT Yearly Total Debt VS Total AssetsIRT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • IRT has an Altman-Z score of 0.85. This is a bad value and indicates that IRT is not financially healthy and even has some risk of bankruptcy.
  • IRT's Altman-Z score of 0.85 is in line compared to the rest of the industry. IRT outperforms 50.00% of its industry peers.
  • The Debt to FCF ratio of IRT is 17.78, which is on the high side as it means it would take IRT, 17.78 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 17.78, IRT is doing good in the industry, outperforming 65.00% of the companies in the same industry.
  • A Debt/Equity ratio of 0.56 indicates that IRT is somewhat dependend on debt financing.
  • With an excellent Debt to Equity ratio value of 0.56, IRT belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 17.78
Altman-Z 0.85
ROIC/WACC0.26
WACC6.61%
IRT Yearly LT Debt VS Equity VS FCFIRT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 0.21 indicates that IRT may have some problems paying its short term obligations.
  • With a Current ratio value of 0.21, IRT is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.05 indicates that IRT may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.05, IRT is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.21
Quick Ratio 0.05
IRT Yearly Current Assets VS Current LiabilitesIRT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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6

3. IRT Growth Analysis

3.1 Past

  • IRT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.64%, which is quite good.
  • The Earnings Per Share has been growing slightly by 4.56% on average over the past years.
  • The Revenue has been growing slightly by 2.76% in the past year.
  • The Revenue has been growing by 25.32% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)13.64%
EPS 3Y-27.74%
EPS 5Y4.56%
EPS Q2Q%3600%
Revenue 1Y (TTM)2.76%
Revenue growth 3Y1.53%
Revenue growth 5Y25.32%
Sales Q2Q%3.7%

3.2 Future

  • IRT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.27% yearly.
  • Based on estimates for the next years, IRT will show a small growth in Revenue. The Revenue will grow by 4.04% on average per year.
EPS Next Y12.36%
EPS Next 2Y11%
EPS Next 3Y24.27%
EPS Next 5YN/A
Revenue Next Year3.57%
Revenue Next 2Y3.56%
Revenue Next 3Y-3.01%
Revenue Next 5Y4.04%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
IRT Yearly Revenue VS EstimatesIRT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M
IRT Yearly EPS VS EstimatesIRT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.2 -0.2 0.4 0.6

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3

4. IRT Valuation Analysis

4.1 Price/Earnings Ratio

  • IRT is valuated quite expensively with a Price/Earnings ratio of 78.90.
  • The rest of the industry has a similar Price/Earnings ratio as IRT.
  • When comparing the Price/Earnings ratio of IRT to the average of the S&P500 Index (27.47), we can say IRT is valued expensively.
  • The Price/Forward Earnings ratio is 70.22, which means the current valuation is very expensive for IRT.
  • The rest of the industry has a similar Price/Forward Earnings ratio as IRT.
  • IRT is valuated expensively when we compare the Price/Forward Earnings ratio to 22.62, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 78.9
Fwd PE 70.22
IRT Price Earnings VS Forward Price EarningsIRT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • 75.00% of the companies in the same industry are more expensive than IRT, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, IRT is valued cheaper than 85.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 28.99
EV/EBITDA 16.44
IRT Per share dataIRT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • IRT's earnings are expected to grow with 24.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)6.38
PEG (5Y)17.29
EPS Next 2Y11%
EPS Next 3Y24.27%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. IRT Dividend Analysis

5.1 Amount

  • IRT has a Yearly Dividend Yield of 4.34%, which is a nice return.
  • Compared to an average industry Dividend Yield of 43.95, IRT is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.81, IRT pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.34%

5.2 History

  • The dividend of IRT has a limited annual growth rate of 2.55%.
  • IRT has paid a dividend for at least 10 years, which is a reliable track record.
  • IRT has decreased its dividend in the last 3 years.
Dividend Growth(5Y)2.55%
Div Incr Years2
Div Non Decr Years2
IRT Yearly Dividends per shareIRT Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • IRT pays out 272.97% of its income as dividend. This is not a sustainable payout ratio.
  • IRT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP272.97%
EPS Next 2Y11%
EPS Next 3Y24.27%
IRT Yearly Income VS Free CF VS DividendIRT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M 150M
IRT Dividend Payout.IRT Dividend Payout, showing the Payout Ratio.IRT Dividend Payout.PayoutRetained Earnings

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IRT Fundamentals: All Metrics, Ratios and Statistics

INDEPENDENCE REALTY TRUST IN

NYSE:IRT (4/24/2026, 1:34:00 PM)

15.78

-0.07 (-0.44%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)02-11
Earnings (Next)04-29
Inst Owners102.95%
Inst Owner Change0.05%
Ins Owners0.51%
Ins Owner Change7.22%
Market Cap3.72B
Revenue(TTM)657.70M
Net Income(TTM)56.56M
Analysts80
Price Target19.64 (24.46%)
Short Float %4.06%
Short Ratio3.29
Dividend
Industry RankSector Rank
Dividend Yield 4.34%
Yearly Dividend0.66
Dividend Growth(5Y)2.55%
DP272.97%
Div Incr Years2
Div Non Decr Years2
Ex-Date03-27
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-33.43%
Min EPS beat(2)-112.77%
Max EPS beat(2)45.91%
EPS beat(4)2
Avg EPS beat(4)-22.84%
Min EPS beat(4)-112.77%
Max EPS beat(4)45.91%
EPS beat(8)2
Avg EPS beat(8)-37.41%
EPS beat(12)4
Avg EPS beat(12)-164.33%
EPS beat(16)6
Avg EPS beat(16)-133.41%
Revenue beat(2)0
Avg Revenue beat(2)-2.53%
Min Revenue beat(2)-2.65%
Max Revenue beat(2)-2.4%
Revenue beat(4)0
Avg Revenue beat(4)-2.62%
Min Revenue beat(4)-2.83%
Max Revenue beat(4)-2.4%
Revenue beat(8)0
Avg Revenue beat(8)-2.27%
Revenue beat(12)0
Avg Revenue beat(12)-1.84%
Revenue beat(16)2
Avg Revenue beat(16)-1.4%
PT rev (1m)-2.88%
PT rev (3m)-5.57%
EPS NQ rev (1m)18.37%
EPS NQ rev (3m)-13.69%
EPS NY rev (1m)7.42%
EPS NY rev (3m)-8.38%
Revenue NQ rev (1m)-0.77%
Revenue NQ rev (3m)-2.55%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-1.14%
Valuation
Industry RankSector Rank
PE 78.9
Fwd PE 70.22
P/S 5.65
P/FCF 28.99
P/OCF 13.18
P/B 1.07
P/tB 1.08
EV/EBITDA 16.44
EPS(TTM)0.2
EY1.27%
EPS(NY)0.22
Fwd EY1.42%
FCF(TTM)0.54
FCFY3.45%
OCF(TTM)1.2
OCFY7.59%
SpS2.79
BVpS14.68
TBVpS14.67
PEG (NY)6.38
PEG (5Y)17.29
Graham Number8.12843 (-48.49%)
Profitability
Industry RankSector Rank
ROA 0.94%
ROE 1.63%
ROCE 2.19%
ROIC 1.73%
ROICexc 1.74%
ROICexgc 1.75%
OM 18.43%
PM (TTM) 8.6%
GM 59.06%
FCFM 19.51%
ROA(3y)0.44%
ROA(5y)0.76%
ROE(3y)0.76%
ROE(5y)1.36%
ROIC(3y)1.8%
ROIC(5y)1.44%
ROICexc(3y)1.81%
ROICexc(5y)1.45%
ROICexgc(3y)1.83%
ROICexgc(5y)1.46%
ROCE(3y)2.28%
ROCE(5y)1.82%
ROICexgc growth 3Y14.4%
ROICexgc growth 5Y-4.59%
ROICexc growth 3Y14.46%
ROICexc growth 5Y-4.66%
OM growth 3Y7.56%
OM growth 5Y-2.97%
PM growth 3Y-22.74%
PM growth 5Y4.34%
GM growth 3Y-0.09%
GM growth 5Y0.7%
F-Score7
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 17.78
Debt/EBITDA 5.34
Cap/Depr 63.26%
Cap/Sales 23.39%
Interest Coverage 1.47
Cash Conversion 77.41%
Profit Quality 226.82%
Current Ratio 0.21
Quick Ratio 0.05
Altman-Z 0.85
F-Score7
WACC6.61%
ROIC/WACC0.26
Cap/Depr(3y)79.91%
Cap/Depr(5y)70.66%
Cap/Sales(3y)27.65%
Cap/Sales(5y)24.66%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.64%
EPS 3Y-27.74%
EPS 5Y4.56%
EPS Q2Q%3600%
EPS Next Y12.36%
EPS Next 2Y11%
EPS Next 3Y24.27%
EPS Next 5YN/A
Revenue 1Y (TTM)2.76%
Revenue growth 3Y1.53%
Revenue growth 5Y25.32%
Sales Q2Q%3.7%
Revenue Next Year3.57%
Revenue Next 2Y3.56%
Revenue Next 3Y-3.01%
Revenue Next 5Y4.04%
EBIT growth 1Y-6.33%
EBIT growth 3Y9.2%
EBIT growth 5Y21.6%
EBIT Next Year218.5%
EBIT Next 3Y50.03%
EBIT Next 5Y37.32%
FCF growth 1Y51.48%
FCF growth 3Y7.31%
FCF growth 5Y27.82%
OCF growth 1Y8.62%
OCF growth 3Y4.18%
OCF growth 5Y30.34%

INDEPENDENCE REALTY TRUST IN / IRT Fundamental Analysis FAQ

What is the fundamental rating for IRT stock?

ChartMill assigns a fundamental rating of 4 / 10 to IRT.


What is the valuation status for IRT stock?

ChartMill assigns a valuation rating of 3 / 10 to INDEPENDENCE REALTY TRUST IN (IRT). This can be considered as Overvalued.


What is the profitability of IRT stock?

INDEPENDENCE REALTY TRUST IN (IRT) has a profitability rating of 3 / 10.


What is the expected EPS growth for INDEPENDENCE REALTY TRUST IN (IRT) stock?

The Earnings per Share (EPS) of INDEPENDENCE REALTY TRUST IN (IRT) is expected to grow by 12.36% in the next year.


Is the dividend of INDEPENDENCE REALTY TRUST IN sustainable?

The dividend rating of INDEPENDENCE REALTY TRUST IN (IRT) is 5 / 10 and the dividend payout ratio is 272.97%.