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INDICATIVE · SAMPLE DATA
IRTNYSE68

INDEPENDENCE REALTY TRUST, INC.

Residential REITsVerified

Independence Realty Trust, Inc. has a liquidity position that appears to be constrained, as evidenced by its low liquidity risk score and a cash and equivalents balance of $23.34 million as of Q1 2026. The company's operating cash flow of $55.32 million provides some buffer, but the liquidity risk remains a concern given the low cash reserves relative to its total liabilities of $2.58 billion. The debt-to-equity ratio is reported as 0.0, which may indicate a lack of updated or available data, but the revolver capacity of $750 million, with $210.37 million drawn as of March 31, 2026, suggests a moderate level of leverage. Profitability metrics for Independence Realty Trust, Inc. are mixed. The company reported a net income of -$68,000 for Q1 2026, indicating a loss, and both return on equity and return on assets are reported as 0.0, which may suggest a lack of updated data or a very low return. The company's performance is compared against industry_config preferred metrics, but the absence of updated data limits the ability to assess its relative performance against cohort medians. The company's revenue is derived from its multifamily apartment properties, which are spread across 12 states, with a concentration in the southeastern and midwestern United States. The company's segments include same-store and non-same-store, but the revenue concentration data is not provided in the input data. The company's exposure to geographic markets is a key factor in its risk profile, as multifamily REITs are sensitive to local economic conditions and housing demand. The growth trajectory of Independence Realty Trust, Inc. is uncertain, as the company reported a loss in Q1 2026. The outlook for the current fiscal year and the next fiscal year is not provided in the input data, but the company's historical performance, including impairment charges and gains on sales, suggests volatility in its earnings. The company's ability to maintain or grow its revenue will depend on its ability to manage its portfolio effectively and respond to market conditions. The risk assessment for Independence Realty Trust, Inc. indicates low liquidity and dilution risks, with no immediate filing-based liquidity or dilution flags detected. However, the company has recognized impairment charges, including a $12.84 million loss on impairment in the three months ended September 30, 2025, which could impact its financial stability. The dilution potential is reported as low, but the company's ability to raise capital through its unsecured revolver or other means will be a key factor in its risk profile. Recent events, including the impairment of long-lived assets and the recognition of gains and losses on the sale of real estate, highlight the company's exposure to market fluctuations and the need for ongoing asset management. The company's ESG controversies score of 100.0 and governance pillar score of 61.7 indicate some level of ESG risk, which could affect its reputation and regulatory compliance. The company's insider trading score of 5.0 suggests a low level of insider trading activity, which is generally a positive sign.

30-day price · IRT(missing data)
No daily-bar history available from current data sources. Alternate source pending.
Profile
CompanyINDEPENDENCE REALTY TRUST, INC.
ExchangeNYSE
TickerIRT
CIK0001466085
SICReal Estate Investment Trusts
SectorReal Estate
BusinessReal Estate
Industry groupReal Estate
IndustryResidential REITs
AI analysis

Business. Independence Realty Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT) primarily engaged in the ownership, operation, management, improvement, and acquisition of multifamily apartment communities in non-gateway markets.

Classification. Independence Realty Trust, Inc. is classified under the Real Estate economic sector, Real Estate business sector, and Residential REITs industry with a confidence level of 0.92.

Independence Realty Trust, Inc. has a liquidity position that appears to be constrained, as evidenced by its low liquidity risk score and a cash and equivalents balance of $23.34 million as of Q1 2026. The company's operating cash flow of $55.32 million provides some buffer, but the liquidity risk remains a concern given the low cash reserves relative to its total liabilities of $2.58 billion. The debt-to-equity ratio is reported as 0.0, which may indicate a lack of updated or available data, but the revolver capacity of $750 million, with $210.37 million drawn as of March 31, 2026, suggests a moderate level of leverage. Profitability metrics for Independence Realty Trust, Inc. are mixed. The company reported a net income of -$68,000 for Q1 2026, indicating a loss, and both return on equity and return on assets are reported as 0.0, which may suggest a lack of updated data or a very low return. The company's performance is compared against industry_config preferred metrics, but the absence of updated data limits the ability to assess its relative performance against cohort medians. The company's revenue is derived from its multifamily apartment properties, which are spread across 12 states, with a concentration in the southeastern and midwestern United States. The company's segments include same-store and non-same-store, but the revenue concentration data is not provided in the input data. The company's exposure to geographic markets is a key factor in its risk profile, as multifamily REITs are sensitive to local economic conditions and housing demand. The growth trajectory of Independence Realty Trust, Inc. is uncertain, as the company reported a loss in Q1 2026. The outlook for the current fiscal year and the next fiscal year is not provided in the input data, but the company's historical performance, including impairment charges and gains on sales, suggests volatility in its earnings. The company's ability to maintain or grow its revenue will depend on its ability to manage its portfolio effectively and respond to market conditions. The risk assessment for Independence Realty Trust, Inc. indicates low liquidity and dilution risks, with no immediate filing-based liquidity or dilution flags detected. However, the company has recognized impairment charges, including a $12.84 million loss on impairment in the three months ended September 30, 2025, which could impact its financial stability. The dilution potential is reported as low, but the company's ability to raise capital through its unsecured revolver or other means will be a key factor in its risk profile. Recent events, including the impairment of long-lived assets and the recognition of gains and losses on the sale of real estate, highlight the company's exposure to market fluctuations and the need for ongoing asset management. The company's ESG controversies score of 100.0 and governance pillar score of 61.7 indicate some level of ESG risk, which could affect its reputation and regulatory compliance. The company's insider trading score of 5.0 suggests a low level of insider trading activity, which is generally a positive sign.
Key takeaways
  • Independence Realty Trust, Inc. has a constrained liquidity position with a low cash and equivalents balance and a low liquidity risk score.
  • The company reported a net loss in Q1 2026, with return on equity and return on assets reported as 0.0, indicating potential performance issues.
  • The company's revenue is derived from multifamily apartment properties in 12 states, with a concentration in the southeastern and midwestern United States.
  • The company's growth trajectory is uncertain, with a loss in Q1 2026 and historical volatility in earnings.
  • The risk assessment indicates low liquidity and dilution risks, but the company has recognized impairment charges that could impact its financial stability.
  • Recent events, including impairment of long-lived assets and ESG controversies, highlight the company's exposure to market fluctuations and regulatory compliance.
  • --
  • ## RATIONALES
Financial snapshot
PeriodQ1 2026
CurrencyUSD
Revenue$165.3M
Gross profit
Operating income
Net income-$68.0k
R&D
SG&A$8.5M
D&A$64.6M
SBC$3.8M
Operating cash flow$55.3M
CapEx
Free cash flow
Total assets$6.10B
Total liabilities$2.58B
Total equity$3.39B
Cash & equivalents$23.3M
Long-term debt
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
FY2025$657.7M$56.6M
FY2025$167.1M$6.9M
FY2025$162.2M$8.0M
FY2025$161.2M$8.4M
FY2024$640.0M$39.3M
PeriodGross %Op %Net %FCF %
FY2025
FY2025
FY2025
FY2025
FY2024
PeriodAssetsEquityCashDebt
FY2025$6.02B$3.46B$23.6M
FY2025
FY2025
FY2025
FY2024$6.06B$3.44B$21.2M
PeriodOCFCapExFCFSBC
FY2025$282.1M$7.9M
FY2025
FY2025
FY2025
FY2024$259.8M$7.1M
Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
Q1 2026$165.3M-$68.0k
Q1 2026
Q3 2025$490.6M$23.3M
Q2 2025$323.4M$16.4M
PeriodGross %Op %Net %FCF %
Q1 2026
Q1 2026
Q3 2025
Q2 2025
PeriodAssetsEquityCashDebt
Q1 2026$6.10B$3.39B$23.3M
Q1 2026$6.02B$3.46B$23.6M
Q3 2025$6.09B$3.49B$23.3M
Q2 2025$5.96B$3.42B$19.5M
PeriodOCFCapExFCFSBC
Q1 2026$55.3M$3.8M
Q1 2026
Q3 2025$222.0M$6.8M
Q2 2025$142.6M$5.8M
Valuation
Market price
Market cap
Enterprise value
P/E
Reported non-GAAP P/E
EV/Revenue
EV/Op income
EV/OCF
P/B
P/Tangible book
Tangible book$3.52B
Net cash$23.3M
Current ratio
Debt/Equity0.0
ROA-0.0%
ROE-0.0%
Cash conversion-813.5%
CapEx/Revenue
SBC/Revenue2.3%
Asset intensity
Dilution ratio0.3%
Risk assessment
Dilution riskLow
Liquidity riskLow
  • No immediate filing-based liquidity or dilution flags were detected.
Industry benchmarks
Activity: Residential REITs · cohort 24 companies
MetricIRTActivity
Op margin28698.5% medp25 28698.5% · p75 28698.5%
Net margin-0.0%9164.9% medp25 6064.9% · p75 12264.9%bottom quartile
Gross margin59.2% medp25 54.4% · p75 67.9%
CapEx / revenue-20.4% medp25 -28.9% · p75 -1.2%
Debt / equity0.0%46.0% medp25 12.8% · p75 101.9%bottom quartile
Observations
IR observations
market data ESG controversies score100.0
market data ESG governance pillar61.7
market data ESG social pillar66.7
market data insider trading score5.0
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
SEC filingstype companyfacts · CIK 0001466085 · 390 us-gaap concepts
2026-05-01 14:54 UTC#2465bfd7
Source: analysis-pipeline (hybrid)Generated: 2026-05-01 14:56 UTCJob: 1b4d4005