IRT · Independence Realty Trust, Inc.
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Adjusted EBITDA non-GAAP | $176.7M | Six Months Ended June 30, 2026 | — |
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| Average effective monthly rent, per unit | $1,595 | Six months ended June 30, 2026 | — |
| Average occupancy | 95.1% | Six months ended June 30, 2026 | — |
| CFFO non-GAAP | $66.64M | Three Months Ended June 30, 2026 | — |
| CFFO payout ratio non-GAAP | 64.3% | Three Months Ended June 30, 2026 | — |
| CFFO per share non-GAAP | $0.28 | Three Months Ended June 30, 2026 | — |
| Consolidated portfolio average effective monthly rent per unit | $1,593 | Three months ended June 30, 2026 | — |
| Consolidated portfolio average occupancy | 94.9% | Three months ended June 30, 2026 | — |
| Consolidated portfolio NOI | $103.77M | Three months ended June 30, 2026 | — |
| FFO non-GAAP | $68.57M | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net Income 3.42M
+64.32M Real estate depreciation and amortization
+831K Our share of real estate depreciation and amortization from investments in unconsolidated real estate entities
+0K Loss on impairment of real estate assets, net, excluding prepayment gains
= FFO 68.57M
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| FFO per share non-GAAP | $0.28 | Three Months Ended June 30, 2026 | — |
| Gross real estate assets (consolidated portfolio) | $6.84B | Three months ended June 30, 2026 | — |
| Liquidity | $503.1M | as of June 30, 2026 | — |
| NOI non-GAAP | $103.75M | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net income (loss) 3.42M
-115K Other revenue
+7.93M Property management expenses
+5.69M General and administrative expenses
+64.86M Depreciation and amortization expense
-553K Casualty (gains)losses, net
+21.58M Interest expense
+0K (Gain on sale) loss on impairment of real estate assets, net
+105K Other loss
+836K Loss (income) from investments in unconsolidated real estate entities
= NOI 103.75M
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| NOI margin non-GAAP | 62.1% | Three Months Ended June 30, 2026 | — |
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| Percentage of debt fixed or hedged | 86.9% | as of June 30, 2026 | — |
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| Portfolio average effective monthly rent, per unit | $1,593 | Three Months Ended June 30, 2026 | — |
| Portfolio average occupancy | 94.7% | Three Months Ended June 30, 2026 | — |
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| Portfolio average rental rate | $1,597 | Q2 2026 | — |
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| Portfolio period end occupancy | 94.9% | As of June 30, 2026 | — |
| Same-store portfolio average effective monthly rent, per unit | $1,597 | Three Months Ended June 30, 2026 | — |
| Same-store portfolio average occupancy | 95% | Three Months Ended June 30, 2026 | — |
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| Same-store portfolio NOI | $196.69M | Six months ended June 30, 2026 | — |
| Same-store portfolio NOI growth non-GAAP | 1.2% | Q2 2026 | — |
| Same-store portfolio NOI margin | 62.8% | Six months ended June 30, 2026 | — |
| Same-store portfolio Period end occupancy | 95.1% | As of June 30, 2026 | — |
| Same-store portfolio properties | 109 | As of June 30, 2026 | — |
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| Same-Store Portfolio Property Operating Expenses | 0.5% | Second Quarter 2026 | — |
| Same-Store Portfolio rental and other property revenue growth | 0.9% | Q2 2026 | — |
| Same-Store Portfolio Rental Revenues | 0.9% | Second Quarter 2026 | — |
| Same-Store Portfolio size | 109 | Q2 2026 | — |
| Same-store portfolio units | 31,735 | As of June 30, 2026 | — |
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| Total number of operating properties | 116 | As of June 30, 2026 | — |
| Total properties (consolidated portfolio) | 116 | Three months ended June 30, 2026 | — |
| Total units | 33,898 | As of June 30, 2026 | — |
| Total units (consolidated portfolio) | 33,898 | Three months ended June 30, 2026 | — |
| Value Add Initiative completed renovations | 12,471 | Project life to date as of June 30, 2026 | — |
| Value Add Initiative weighted average % rent increase | 19.9% | Project life to date as of June 30, 2026 | — |
| Value Add Initiative weighted average renovation cost per unit (Total) | $18,074 | Project life to date as of June 30, 2026 | — |
| Value Add Initiative weighted average rent increase per unit | $239 | Project life to date as of June 30, 2026 | — |
| Value Add Program average cost per unit renovated | $20,477 | Q2 2026 | — |
| Value Add Program average monthly rent increase per unit | $279 | Q2 2026 | — |
| Value Add Program completed renovations | 1,026 | six months ended June 30, 2026 | — |
| Value Add Program weighted average return on investment | 15.9% | six months ended June 30, 2026 | — |
| Weighted average effective interest rate on consolidated debt | 4.3% | as of June 30, 2026 | — |
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| Weighted average maturity of debt | 2.9 | as of June 30, 2026 | — |
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| Average price per share repurchased | $16.24 | Q1 2026 | — |
| Net debt to Adjusted EBITDA | 6.5 | Q1 2026 | — |
| Remaining stock repurchase program authorization | 190.1M | Q1 2026 | — |
| Resident Retention Rate | 60.5% | Q1 2026 | — |
| Same-Store Portfolio Blended Lease Over Lease Effective Rental Rate Growth | 0.7% | Q1 2026 | — |
| Same-Store Portfolio Rental and other property revenue | 1.4% | Q1 2026 | — |
| Shares repurchased | 1.8M | Q1 2026 | — |
| Total aggregate cost of share repurchases | 29.9M | Q1 2026 | — |
| Value Add Initiative average cost per unit renovated | $20,364 | Q1 2026 | — |
| Value Add Initiative average monthly rent increase per unit | $261 | Q1 2026 | — |
| Value Add Initiative weighted average return on investment | 15.4% | Q1 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Residential — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
IRT
this stock
Independence Realty Trust, Inc.
|
$3.92B | -4.9% | +2.8% | 92.3 | 4.5% |
|
AVB
Avalonbay Communities Inc
|
$26.28B | +1.5% | +4.4% | 25.2 | 2.6% |
|
VMRK
Vivmark Residential
|
$24.01B | +2.1% | +4.8% | 27.7 | 2.8% |
|
ESS
Essex Property Trust, Inc.
|
$18.39B | +9.8% | +6.4% | 44.6 | 3.5% |
|
INVH
Invitation Homes Inc.
|
$17.84B | +8.7% | +4.2% | 27.7 | 2.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| IRT | -1.0% | +1.7% | -1.7% | -0.1% | -4.9% |
| SPY | -0.4% | +2.9% | +11.6% | +3.0% | +12.8% |
| vs SPY | -0.6% | -1.3% | -13.2% | -3.0% | -17.7% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.