Independence Realty Trust, Inc.

Independence Realty Trust, Inc.verified

IRT

Price:

$19.71

Market Cap:

$4.44B

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. 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.[Read more]

Industry

REIT - Residential

IPO Date

2013-08-13

Stock Exchange

NYSE

Ticker

IRT

The Current Ratio as of September 2024 (TTM) for Independence Realty Trust, Inc. (IRT) is 0.14

According to Independence Realty Trust, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.14. This represents a change of -28.61% compared to the average of 0.19 of the last 4 quarters.

Independence Realty Trust, Inc. (IRT) Historical Current Ratio (quarterly & annually)

How has IRT Current Ratio performed in the past?

The mean historical Current Ratio of Independence Realty Trust, Inc. over the last ten years is 1.43. The current 0.14 Current Ratio has changed 864.53% with respect to the historical average. Over the past ten years (40 quarters), IRT's Current Ratio was at its highest in in the December 2016 quarter at 4.91. The Current Ratio was at its lowest in in the June 2020 quarter at 0.03.

Quarterly (TTM)
Annual

Average

1.43

Median

0.75

Minimum

0.12

Maximum

4.91

Independence Realty Trust, Inc. (IRT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Independence Realty Trust, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 337.07%

Maximum Annual Current Ratio = 4.91

Minimum Annual Increase = -87.28%

Minimum Annual Current Ratio = 0.12

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.35-34.50%
20220.53337.07%
20210.12-64.46%
20200.344.89%
20190.33-87.28%
20182.57163.49%
20170.98-80.12%
20164.91145.67%
20152.00-6.66%
20142.142.18%

Independence Realty Trust, Inc. (IRT) Average Current Ratio

How has IRT Current Ratio performed in the past?

The current Current Ratio of Independence Realty Trust, Inc. (IRT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.33

5-year avg

0.34

10-year avg

1.43

Independence Realty Trust, Inc. (IRT) Current Ratio vs. Peers

How is IRT’s Current Ratio compared to its peers?

Independence Realty Trust, Inc.’s Current Ratio is less than Apartment Investment and Management Company (0), less than Clipper Realty Inc. (1.49), less than BRT Apartments Corp. (2.47), less than UDR, Inc. (0.90), less than NexPoint Residential Trust, Inc. (0.33), less than Apartment Income REIT Corp. (2.50), less than Centerspace (0.20), less than Elme Communities (0.15), greater than Equity LifeStyle Properties, Inc. (0.10), greater than Veris Residential, Inc. (0.13), less than null (0.36),

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