Independence Realty Trust, Inc. (IRT) Stock

About Independence Realty Trust, Inc.

Independence Realty Trust (IRT), publicly traded as NYSE: IRT, operates as a real estate investment trust specializing in owning and managing multifamily apartment communities. Their portfolio is concentrated in non-gateway U.S. markets such as Atlanta, Louisville, Memphis, and Raleigh. The company's strategy involves establishing a strong presence in select, amenity-rich submarkets, which are identified by features like excellent school systems, quality retail establishments, and significant employment hubs. Ultimately, IRT seeks to deliver appealing risk-adjusted returns to its shareholders. This is accomplished through meticulous portfolio oversight, robust operational execution, and a reliable return on capital, generated via both dividend distributions and asset value appreciation.

Independence Realty Trust, Inc. is headquartered in US.

Independence Realty Trust, Inc. (IRT) stock trades at $16.74 with a market capitalization of $3.95B. The stock is valued at a price-to-earnings (P/E) ratio of 82.18, price-to-book of 1.20, price-to-sales of 5.96. Over the past 52 weeks the stock has ranged between $14.60 and $18.18, and currently trades 7.9% below its 52-week high. It pays a dividend yielding 4.30%.

On profitability, Independence Realty Trust, Inc. generates a return on equity (ROE) of 1.40%, return on capital employed of 1.94%, an operating margin of 17.53%, a net profit margin of 7.27%.

Official website: www.irtliving.com