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IRT

Independence Realty Trust Inc. Common Stock (IRT) fair value

Real Estate · REIT - Residential · NYSE · United States
$14.96-1.38%
Market cap $3.6BNext earnings 2026-11-02Updated Oct 18, 2026
Add earnings to calendarGoogle
Our verdict
Trades 10% above our fair value
Price
$14.96
Model fair valueConfidence: medium
$13.66
Only one of our models could value this stock with confidence, so use it as a guide.
Not used by alerts or posts.
Valued as a REIT (property company): Price to FFO and EV/EBITDA comparison.
ACCE opinionIndependence Realty Trust Inc. Common Stock (IRT)
Fair value (2 models)
Not available
ACCE price target
$15.50
Rating
Not rated
Horizon
12 months
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Price used: $14.96 at the close on 23 Oct 2026, 22:00 CEST.
Models: EV/EBITDA comparison and Price to FFO.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
39
out of 100
Analysts
77% buy
13 covering
P/E
83.1x
forward 187.0x
1-year return
-8.3%
Dividend yield
4.75%

Independence Realty Trust Inc. Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Independence Realty Trust owns and operates multifamily apartment communities, mostly garden-style and workforce-oriented units in mid-tier Sunbelt and Midwest markets, and earns its income from rent collected on those leases. The case for a closer look rests on the portfolio's exposure to renters who are priced out of new Class A construction, which tends to keep occupancy and renewal rates steadier than the top of the market. Growth is modest at 3.0% revenue growth, so the thesis depends on operating leverage and on improvements to the existing units rather than on acquisitions or a big top-line acceleration. The stock screens expensive on earnings, with a trailing P/E of 81.7 and a forward P/E of 69.4, and the 1.3% ROE and 14.8% operating margin reflect how much of the cash flow goes to interest and depreciation on a leveraged real estate balance sheet. The score of 39/100 and absence from any major index mean this is a name to examine only if the funds-from-operations multiple and the debt maturity profile look better than the earnings multiple suggests.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
  • high
    Earnings collapsing year over year
    Earnings are down 66.7% year over year while revenue grew only 3.0%, so the 82.1 P/E reflects depressed profit rather than a cheap stock.
  • moderate
    Heavy short interest
    Short interest sits at 11.4%, which signals meaningful bearish positioning against the stock.
  • moderate
    Weak return on equity
    ROE of 1.3% means the company earns almost nothing on shareholder capital despite $147M of free cash flow.

AI research notes

AI-assisted·How I use AIWritten Oct 19, 2026 · figures from 2026-10-16 · prices to Oct 23, 2026
Why it could do well
  • Analysts are positive on the stock, with 77% (10 of 13) rating it Buy or Strong Buy.
  • The dividend yield is 3.5%, which pays investors a meaningful income while they wait.
  • Free cash flow over the last 12 months was $147M, showing the business generates real cash.
Why it could disappoint
  • Return on equity is only 1.3%, so the company earns very little on the capital shareholders have put in.
  • The trailing P/E of 82.1x means investors are paying a very high price for each dollar of earnings.
  • The share count rose 4.1% last year, which dilutes existing shareholders' stake in the company.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 2, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

PRO

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Valuation

INVESTOR
Where IRT's valuation models land
Price
$14.96
Model fair valueConfidence: medium
$13.66
Model
Fair value
Upside
EV/EBITDA comparison
Price to FFO
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See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish77% buy · 13 covering analysts
● Strong buy 7● Buy 3● Hold 3● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
1 buy · 0 sells
Since Jul 10, 2026, 1 member
Average delay
35 days
From trade to public filing
Full trade list on ProDo politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+1.3%
1 month
+2.6%
3 months
-9.9%
6 months
-5.3%
YTD
-14.4%
1 year
-8.3%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
11 Oct 2026, 00:00 CESTACCE price target$15.50first publication$14.77
6 Oct 2026, 00:00 CESTFair value$6.82$6.90$14.51
18 Sept 2026, 00:00 CESTFair value$6.90$7.21$14.94
15 Sept 2026, 00:00 CESTFair value$7.21$7.38$15.19
30 Aug 2026, 00:00 CESTFair value$7.38$5.39$16.31
22 Aug 2026, 00:00 CESTFair value$5.39$5.33$16.72
20 Aug 2026, 00:00 CESTFair value$5.33$10.41$16.58
27 Jul 2026, 00:00 CESTFair value$10.41$10.66$16.55
1 Jul 2026, 00:00 CESTFair value$10.66first publication$16.66

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth19Value34Quality62Momentum40Total39
Valuation
Trailing P/E
83.1x
Forward P/E
187.0x
PEG
no data
P/B
1.02x
EV / Revenue
8.8x
Book value/sh
$14.28
Enterprise value
$5.9B
Profitability
ROE
1.3%
FCF yield
4.05%
ROIC
0.8%
Health and risk
Debt / equity
0.66
Dividend yield
4.75%
Beta
0.98

Price

-8.0% · 1Y

Ask anything about IRT

Answered from Independence Realty Trust Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 0% of peers
low 0.0x83.1xhigh 83.1x
ROEbetter than 33% of peers
low 0%1%high 348%
Div yieldbetter than 33% of peers
low 0.6%4.8%high 19.2%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
IRT Independence Realty Trust Inc. Common Stock$14.96--83.1x1.3%6239
DTW DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077$17.78--2.9x7.5%2623
MRP Millrose Properties Inc. Class A Common Stock$23.86$2917% below8.3x8.1%8162
UZE Array Digital Infrastructure Inc. 5.500% Senior Notes due 2070$15.37$2437% below-348.3%5729
UNMA Unum Group 6.250% Junior Subordinated Notes due 2058$20.29$3948% below4.2x0.0%3234
ALTA.PA Altarea SCA€72.60--48.4x3.5%3737
JAN Janus Living Inc. Class A-1 Common Stock$28.31---0.5%2747

Sector report card

Where IRT ranks against its sector peers on each metric.

Computing percentiles…
  • Business Wire•Oct 14, 2026
    IRT Announces Dates for Third Quarter 2026 Earnings Release and Conference Call
  • PR Newswire•Oct 1, 2026
    Centerspace Announces Third Quarter 2026 Earnings Release Date
  • Business Wire•Sep 29, 2026
    Irenic Sends Letter to Independence Realty Trust Board of Directors Opposing Proposed Acquisition of Centerspace and Urging a Sale of the Company
8 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 1
Form 4Insider transactionPeriod 2026-10-01
View on SEC →
September 2026
Sep 24
8-KCurrent reportPeriod 2026-09-24
View on SEC →
Sep 23
8-KCurrent reportPeriod 2026-09-22
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR