Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. 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 aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.
Sunbelt REIT Surge | Independence Realty Trust's strategic focus on Sunbelt and Midwest markets positions it for growth, with a portfolio concentrated in high-demand regions |
Financial Fortitude | Explore IRT's improved capital structure, credit rating upgrade, and consistent dividend payments, showcasing its financial stability and shareholder value |
Market Dynamics | Delve into the anticipated supply/demand inflection point in 2025, potentially catalyzing IRT's stock performance and driving stronger rental rate growth |
Analyst Outlook | Price targets range from $21 to $25, with an average of $22.67, reflecting varied perspectives on IRT's growth potential and market positioning |
Metrics to compare | IRT | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipIRTPeersSector | |
---|---|---|---|---|
P/E Ratio | 147.0x | −19.7x | 8.9x | |
PEG Ratio | 0.37 | −0.03 | 0.01 | |
Price/Book | 1.2x | 1.1x | 0.9x | |
Price / LTM Sales | 6.5x | 4.6x | 4.0x | |
Upside (Analyst Target) | 17.0% | 17.1% | 11.1% | |
Fair Value Upside | Unlock | −1.2% | −0.5% | Unlock |