IRT · Independence Realty Trust, Inc.
Market Cap
$3.84B
Shares
235.74M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$16.31
Open$16.47
Day$16.30–16.51
52W close$14.76–18.11
Avg vol 30d2.6M
Short int13.5M · 5.7% float · 3.9d
Short vol73%
Last earningsAug 4, 2026
DataJan 2020–Aug 2026
Filing10-Q · Aug 4
Up next
Next earnings call
Nov 6, 2026
Est · unconfirmed
· in 10 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 4, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Sell
Momentum
Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Low
Market backdrop
VIX 14.4 · calm
Equity put/call 0.62
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−1%
below
Price vs 50-day avg
−2%
below
RSI (14)
42
neutral
MACD trend
Negative
52-week position
46%
mid-range
Momentum
relative strength
1-month return
−2%
trailing
6-month return
0%
trailing
YTD return
−7%
this year
Relative strength
−13%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $17 › 200d $17 — 50d above 200d
Institutional flow
Accumulating
+2% holders QoQ · +50 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
5.75% of float · ▲ +27.5% MoM · 3.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
395 holders — mid 3-yr range
Squeeze score
61
elevated · 0–100
Fundamentals
Revenue growth
+3%
Y/Y
EPS growth
+41%
Y/Y
Free cash flow
$282.0M
Valuation
P/E 90.6
rich
Buyback
$190.1M
remaining
Balance sheet
$2.3B
net debt
Quant / Vol
risk profile
Volatility
21%
annualized · 1-yr
Max drawdown
−19%
past year
ATR
2.2%
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 Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−1%
Neutral
Price vs 50-day avg
−2%
Neutral
RSI (14)
42
Neutral
MACD trend
Negative
Bearish
52-week position
46%
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $17 › 200d $17 — 50d above 200d
Institutional flow
Accumulating
+2% holders QoQ · +50 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
5.75% of float · ▲ +27.5% MoM · 3.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
395 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $15
Now $16 · 46%
Range high $18
vs 200-day avg -1%
vs 50-day avg -2%
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) | $1,593 | Three Months Ended June 30, 2026 filing | — |
| Average occupancy (1) | 94.7% | Three Months Ended June 30, 2026 filing | — |
| Non Same-Store Portfolio Average effective monthly rent, per unit | $1,572 | Three Months Ended June 30, 2026 filing | — |
| Non Same-Store Portfolio Average occupancy | 88.2% | Three Months Ended June 30, 2026 filing | — |
| Non Same-Store Portfolio Number of properties | 7 | Three Months Ended June 30, 2026 filing | — |
| Non Same-Store Portfolio Number of units | 2,163 | Three Months Ended June 30, 2026 filing | — |
| Number of properties (1) | 116 | Three Months Ended June 30, 2026 filing | — |
| Number of units (1) | 33,898 | Three Months Ended June 30, 2026 filing | — |
| Same-Store NOI | $98.43M | the three months ended June 30, 2026 filing | +1.2% |
|
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| Same-Store Portfolio Number of properties | 109 | Three Months Ended June 30, 2026 filing | — |
| Same-Store Portfolio Number of units | 31,735 | Three Months Ended June 30, 2026 filing | — |
| 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 | — |
|
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| Average occupancy | 95.1% | Six months ended June 30, 2026 | — |
|
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| CFFO non-GAAP | $66.64M | Three Months Ended June 30, 2026 | — |
|
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| CFFO payout ratio non-GAAP | 64.3% | Three Months Ended June 30, 2026 | — |
|
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| CFFO per share non-GAAP | $0.28 | Three Months Ended June 30, 2026 | — |
|
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| 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 | — |
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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
|
|||
| FFO per share non-GAAP | $0.28 | Three Months Ended June 30, 2026 | — |
|
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| 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 | — |
|
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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
|
|||
| 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 | — |
|
|
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| 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 | — |
|
|
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| Same-store portfolio NOI growth non-GAAP | 1.2% | Q2 2026 | — |
|
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| 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 | — |
| Acquired community units | 140 | January 15, 2026 | — |
| Acquisition volume | $29.5M | January 15, 2026 | — |
| average cost per unit renovated | $20,364 | three months ended March 31, 2026 | — |
| average monthly rent increase per unit | $261 | three months ended March 31, 2026 | — |
| average price per share | $16.24 | three months ended March 31, 2026 | — |
| Core Funds from Operations (“CFFO”) per share non-GAAP | $0.26 | first quarter of 2026 | — |
| development expenditures | $1.9M | three months ended March 31, 2026 | — |
| equity ownership | 100% | January 20, 2026 | — |
| joint venture partner's membership interest acquired | 10% | January 20, 2026 | — |
| Lease Over Lease Effective Rental Rate Growth: Blended | 0.7% | Q1 2026 | — |
| Lease Over Lease Effective Rental Rate Growth: New Leases | -4% | Q1 2026 | — |
| Lease Over Lease Effective Rental Rate Growth: Renewal Leases | 3.2% | Q1 2026 | — |
| new $350 million unsecured term loan | $350M | February 11, 2026 | — |
| Non-recurring capital expenditures | $5.5M | Q1 2026 | — |
| non-recurring expenditures | $5.5M | three months ended March 31, 2026 | — |
| Number of properties (same-store portfolio) non-GAAP | 109 | Three Months Ended March 31, 2026 | — |
| Portfolio average occupancy (a) | 94.6% | For the Three Months Ended March 31, 2026 | — |
| recurring capital expenditures | $6.1M | three months ended March 31, 2026 | — |
| recurring capital expenditures per unit | $176 | three months ended March 31, 2026 | — |
| Remaining authorization under stock repurchase program | $190.1M | Q1 2026 | — |
| Resident Retention Rate | 60.5% | Q1 2026 | — |
| Same-Store NOI Margin | 62.9% | Q1 2026 | — |
| Same-store portfolio average effective monthly rent, per unit (b) | $1,595 | For the Three Months Ended March 31, 2026 | — |
| Same-store portfolio average occupancy (b) | 95.2% | For the Three Months Ended March 31, 2026 | — |
| Same-Store Portfolio average rental rate | $1,595 | Q1 2026 | — |
| Same-Store Portfolio Blended Lease Over Lease Effective Rental Rate Growth | 0.7% | Q1 2026 | — |
| Same-Store Portfolio excluding Ongoing Value Add: Average Occupancy | 95.4% | Q1 2026 | — |
| Same-Store Portfolio excluding Ongoing Value Add: Blended | 0.7% | Q1 2026 | — |
| Same-Store Portfolio excluding Ongoing Value Add: New Leases | -4.8% | Q1 2026 | — |
| Same-Store Portfolio excluding Ongoing Value Add: Renewal Leases | 3.6% | Q1 2026 | — |
| Same-Store Portfolio excluding Ongoing Value Add: Resident Retention Rate | 59.9% | Q1 2026 | — |
| Same-store portfolio net operating income (“NOI”) growth non-GAAP | 1% | quarter ended March 31, 2026 | — |
| Same-Store Portfolio Resident Retention Rate | 60.5% | Q1 2026 | — |
| stock repurchased | 1.8M | three months ended March 31, 2026 | — |
| Tisdale at Lakeline Station occupancy | 33.6% | April 27, 2026 | — |
| Tisdale at Lakeline Station property units | 378 | April 27, 2026 | — |
| total aggregate stock repurchase cost | $29.9M | three months ended March 31, 2026 | — |
| Total gross assets non-GAAP | $7.17B | As of March 31, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Total assets $6.1B
+$989.53M Plus: accumulated depreciation
+$78.58M Plus: accumulated amortization
= Total gross assets $7.17B
|
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| Total net debt non-GAAP | $2.39B | As of March 31, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Total debt 2.43B
-23.34M Less: cash and cash equivalents
-19.83M Less: loan discounts and premiums, net
= Total net debt 2.39B
|
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| Total number of operating properties (a) | 115 | For the Three Months Ended March 31, 2026 | — |
| Total units (a) | 33,602 | For the Three Months Ended March 31, 2026 | — |
| Units (consolidated portfolio) non-GAAP | 33,602 | Three Months Ended March 31, 2026 | — |
| Units (same-store portfolio) non-GAAP | 31,735 | Three Months Ended March 31, 2026 | — |
| unsecured credit agreement capacity | $1.5B | February 11, 2026 | — |
| Value Add (34 properties with Ongoing Value Add): Average Occupancy | 94.9% | Q1 2026 | — |
| Value Add (34 properties with Ongoing Value Add): Blended | 0.8% | Q1 2026 | — |
| Value Add (34 properties with Ongoing Value Add): New Leases | -2.4% | Q1 2026 | — |
| Value Add (34 properties with Ongoing Value Add): Resident Retention Rate | 61.7% | Q1 2026 | — |
| Value Add Initiative expenditures | $8.6M | three months ended March 31, 2026 | — |
| Value Add Renovations completed | 426 | Q1 2026 | — |
| weighted average return on investment | 15.4% | quarter ended March 31, 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.
|
$3.84B | -6.7% | +2.8% | 90.6 | 5.7% |
|
VMRK
Vivmark Residential
|
$24.57B | +4.0% | +4.8% | 28.4 | 2.8% |
|
ESS
Essex Property Trust, Inc.
|
$18.25B | +8.5% | +6.4% | 44.2 | 3.1% |
|
INVH
Invitation Homes Inc.
|
$17.27B | +5.2% | +4.2% | 26.8 | 2.2% |
|
SUI
Sun Communities Inc
|
$15.15B | -0.8% | -23.1% | — | 3.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| IRT | -1.7% | -1.9% | +0.0% | -1.9% | -6.7% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | -2.2% | -4.9% | -13.4% | -4.9% | -19.5% |
Capital returns
Latest dividend
$0.18
/ share · ex Jun 26, 2026
Paid (TTM)
$0.69
/ share · 4 payouts
Dividend yield (TTM, derived)
4.23%
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)
287 filings
284 filers
Visit website
Investor relations