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, capitalizing on demand for affordable housing in expanding regions |
Financial Fortification | Explore IRT's improved capital structure, with reduced leverage ratios and enhanced financial flexibility, setting the stage for strategic acquisitions and development |
Market Dynamics Shift | Delve into the anticipated reduction in new apartment supply, potentially driving rental rate growth and NOI improvements for IRT from 2025 onwards |
Analyst Optimism | Discover why analysts are bullish on IRT, with price targets ranging from $21 to $25, reflecting confidence in the company's transformation and growth prospects |
Metrics to compare | IRT | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipIRTPeersSector | |
---|---|---|---|---|
P/E Ratio | 136.0x | −53.4x | 9.1x | |
PEG Ratio | 0.32 | −0.09 | 0.01 | |
Price/Book | 1.2x | 1.4x | 0.9x | |
Price / LTM Sales | 6.5x | 4.1x | 3.9x | |
Upside (Analyst Target) | 23.0% | 21.9% | 12.0% | |
Fair Value Upside | Unlock | 3.2% | 0.4% | Unlock |