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IRT · Independence Realty Trust, Inc.

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$16.62 +0.24 (+1.47%) At close · Aug 19
Market Cap
$3.92B
Shares
235.74M

Price & Indicators

20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$16.62 Open$16.49 Day$16.35–16.68 52W close$14.76–18.11 Avg vol 30d2.7M Short int10.6M · 4.5% float · 4.2d Short vol69% Last earningsAug 4, 2026 DataJan 2020–Aug 2026 Filing10-Q · Aug 4

Up next

Next earnings call
Nov 6, 2026 Est · unconfirmed · in 11 wks
FQ3-26 quarter ends
~Sep 30, 2026 Est
filed Aug 4, 2026

AI Brief

TL;DR.

Bullish
    Bearish

      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 advice
      Overall
      Neutral
      SellHoldBuy
      Technical Neutral Momentum Weak Sentiment Neutral Fundamentals Strong Quant / Vol Low
      Market backdrop VIX 14.9 · calm Equity put/call 0.52
      Technical
      price trend
      Neutral
      50 / 200-day cross No cross
      Price vs 200-day avg +1%
      above
      Price vs 50-day avg −1%
      below
      RSI (14) 48
      neutral
      MACD trend Negative
      52-week position 56%
      mid-range
      Momentum
      relative strength
      Weak
      1-month return +2%
      trailing
      6-month return −2%
      trailing
      YTD return −5%
      this year
      Relative strength −13%
      vs S&P · 6-mo
      Sentiment
      smart money
      Neutral
      Trend (MA cross) No cross
      50d $17 › 200d $16 — 50d above 200d
      Institutional flow Accumulating
      +2% holders QoQ · +49 funds added
      Insider flow Flat
      No net insider activity over 90 days
      Short interest Rising
      4.51% of float · ▲ +6.9% MoM · 4.2 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Steady
      393 holders — mid 3-yr range
      Squeeze score 64
      elevated · 0–100
      Fundamentals
      Strong
      Revenue growth +3%
      Y/Y
      EPS growth +41%
      Y/Y
      Free cash flow $282.0M
      Valuation P/E 92.3
      rich
      Buyback $190.1M
      remaining
      Balance sheet $2.3B
      net debt
      Quant / Vol
      risk profile
      Low
      Volatility 22%
      annualized · 1-yr
      Max drawdown −19%
      past year
      ATR 2.4%
      of price · 14-day

      Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

      Guidance & track record

      Latest guidance · from the 8-K filed Aug 3, 2026
      Same-Store property revenue growth · 2026 Full Year Initiated 1.5% – 1.9%
      Same-Store controllable operating expense growth · 2026 Full Year Initiated 3.3% – 3.7%
      Same-Store total operating expense growth · 2026 Full Year Initiated 1.6% – 2.4%
      Same-Store Portfolio controllable operating expense growth · 2026 Full Year Initiated 3.3% – 3.7%
      Same-Store Portfolio total operating expense growth · 2026 Full Year Initiated 1.6% – 2.4%
      Prior guidance period ended · from the Earnings Call filed Jun 30, 2025
      Same-store revenue growth · full year 2025 1.5% – 1.9%

      Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

      Technicals

      trend & momentum for long-term holders Neutral
      1 · 4 · 1
      50 / 200-day cross
      No cross Neutral
      Price vs 200-day avg
      +1% Bullish
      Price vs 50-day avg
      −1% Neutral
      RSI (14)
      48 Neutral
      MACD trend
      Negative Bearish
      52-week position
      56% Neutral
      Market signals — smart money & positioning
      Mixed
      Trend (MA cross) No cross
      50d $17 › 200d $16 — 50d above 200d
      Institutional flow Accumulating
      +2% holders QoQ · +49 funds added
      Insider flow Flat
      No net insider activity over 90 days
      Short interest Rising
      4.51% of float · ▲ +6.9% MoM · 4.2 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Steady
      393 holders — mid 3-yr range
      Price context
      position in its 52-week range
      Range low $15 Now $17 · 56% Range high $18
      vs 200-day avg +1% vs 50-day avg -1%

      Illustrative 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
      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 reconciliation
      GAAP 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
      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 reconciliation
      GAAP 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
      Portfolio average effective monthly rent, per unit $1,593 Three Months Ended June 30, 2026
      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 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 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
      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
      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
      Open screener →
      Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
      IRT
      Independence Realty Trust, Inc.
      this stock
      $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 section
      Ownership
      Institutional Holders Accumulating
      Holders
      393
      % held
      98.7%
      Net QoQ
      +3.3M sh
      Top holder
      BlackRock, Inc.
      Held Float
      View
      Held by Funds
      Fund positions
      361
      View
      Short & Settlement
      Short Interest Rising
      Shares short
      10.6M
      Days to cover
      4.2d
      Change
      +685.2K sh
      View
      Short Volume
      Short vol %
      69%
      As of
      Aug 19, 2026
      Short Total
      View
      Fails to Deliver
      FTD shares
      71
      Value
      $1.2K
      As of
      Jul 23, 2026
      View
      Off-Exchange
      Off-exchange %
      35.2%
      Week of
      Jul 13, 2026
      Off-exch Lit
      View
      Smart Money
      Congressional Trades Buy
      Member
      Gilbert Cisneros
      Amount
      $1.0K–$15.0K
      Traded
      Jan 15, 2026
      View
      Financials
      Financials
      Revenue (FY)
      $657.7M
      Net income (FY)
      $56.6M
      EPS diluted
      $0.24
      View
      Buybacks
      Authorized
      $250.0M
      Remaining
      $190.1M
      Spent Remaining
      View
      Filings
      SEC Filings
      Latest
      10-Q
      Filed
      Aug 4, 2026
      This year
      13
      View
      Proposed Sales
      Value
      $212.1K
      Shares
      10.0K
      Filed
      Apr 1, 2025
      View
      Exempt Offerings
      Offering
      $1.8M
      Filed
      Apr 10, 2026
      View
      Earnings & Events
      Earnings Calls
      Last call
      Aug 4, 2026
      View
      Investor Relations
      Latest news
      Independence Realty Trust Announc…
      Published
      Aug 3, 2026
      View

      Performance

      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

      Latest dividend
      $0.18 / share · ex Jun 26, 2026
      Raised 5.9%
      Paid (TTM)
      $0.69 / share · 4 payouts
      Dividend yield (TTM, derived)
      4.15%
      Buyback program · as of Jun 30, 2026
      Authorized
      $250.00M
      Spent (derived)
      $59.91M
      Remaining
      $190.09M
      Spent Remaining

      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.

      Key facts CIK 1466085 CUSIP 45378A106 13F (30d) 357 filings 350 filers Visit website Investor relations