Independence Realty Trust Inc
Research Independence Realty Trust Inc (IRT) on Bullrun: valuation model: 19.9% overvalued, market cap USD 3.93B, P/E 91.2, dividend yield 4.2%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerIRT
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Residential
- CurrencyUSD
- Valuation signal19.9% overvalued
- Market capUSD 3.93B
- P/E91.2
- Dividend yield4.2%
- Financial periodQ2 2026
- RevenueUSD 167.24M
- Net incomeUSD 3.39M
- Free cash flowUSD 36.55M
- Gross margin57.4%
Valuation Snapshot
Bullrun's latest valuation model marks Independence Realty Trust Inc as 19.9% overvalued; latest market cap is USD 3.93B; P/E is 91.2; dividend yield is 4.2%.
Peer valuation comparison
Latest P/E is 91.2x versus a Real Estate sector median of 14.84x (514.7% above).
Latest dividend yield is 4.21% versus a Real Estate sector median of 4.71% (10.5% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 657.70M | USD 56.56M | USD 128.29M | 59.1% | 0.24 | USD 23.56M | USD 2.28B | USD 3.46B |
| FY2024 | USD 640.04M | USD 39.29M | USD 28.70M | 58.5% | 0.17 | USD 21.23M | USD 2.33B | USD 3.44B |
| FY2023 | USD 660.98M | -USD 17.23M | n/a | n/a | -0.08 | USD 22.85M | USD 2.55B | USD 3.43B |
| FY2022 | USD 628.53M | USD 117.25M | n/a | n/a | 0.53 | USD 16.08M | USD 2.63B | USD 3.60B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 3.93B | 91.2 | 4.1% | 0.69 |
| 2025 | 2025-12-31 | USD 4.15B | 72.8 | 3.8% | 0.67 |
| 2024 | 2024-12-31 | USD 4.58B | 116.7 | 3.2% | 0.64 |
| 2023 | 2023-12-29 | USD 3.44B | 61.2 | 4.1% | 0.62 |
| 2022 | 2022-12-30 | USD 3.78B | 28.1 | 3.2% | 0.54 |
| 2021 | 2021-12-31 | USD 5.70B | 68.0 | 1.9% | 0.48 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.69 USD, yield 4.2%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.67 USD |
| FY2024 | 0.64 USD |
| FY2023 | 0.62 USD |
| FY2022 | 0.54 USD |
About Independence Realty Trust Inc
Independence Realty Trust, Inc., an S&P 400 MidCap Company, is a real estate investment trust that owns and operates multifamily communities across non-gateway U.S. markets. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail.
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Frequently asked questions
Is Independence Realty Trust Inc overvalued or undervalued?
Bullrun's valuation model currently marks Independence Realty Trust Inc as 19.9% overvalued.
What is Independence Realty Trust Inc's market cap?
Independence Realty Trust Inc's market capitalization is USD 3.93B.
What is Independence Realty Trust Inc's P/E ratio?
Independence Realty Trust Inc's price-to-earnings (P/E) ratio is 91.2.
Does Independence Realty Trust Inc pay a dividend?
Independence Realty Trust Inc has a dividend yield of 4.2%.
What does Independence Realty Trust Inc do?
Independence Realty Trust, Inc., an S&P 400 MidCap Company, is a real estate investment trust that owns and operates multifamily communities across non-gateway U.S. markets. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT's main investment objective is to provide attractive risk-adjusted returns to shareholders through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.