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IRT

Independence Realty Trust, Inc.

Real Estate · $3.5B market cap

Verdict

Share price

$14.51

close of Oct 3, 2026

Fair value

$12.34

Sticker Price

Payback Price

$4.94

buy price

Overpriced

IRT is Overpriced: at $14.51 it trades 18% above its fair value of $12.34. Its buy price (Payback Price) is $4.94, 66% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

FFO-Based (REIT). A real estate trust. Depreciation makes a property owner's profit look smaller than the cash it brings in, so we value it on funds from operations (FFO).

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth6.4% a year✗
Equity per share growth3.4% a year✗
Sales growth19.6% a year✓
Free cash flow growth20.6% a year✓
Return on invested capital2.2%✗

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Insider activity

Since Jul 1, 2026: no open-market purchases and 3 sales worth $25K. Why purchases matter

Sales

Gebert Richard D

director · 2026-09-01

Sold

$8K

Gebert Richard D

director · 2026-08-03

Sold

$8K

Gebert Richard D

director · 2026-07-01

Sold

$8K

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…

REIT - Residential

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works