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 Dividend Yield as of September 2024 (TTM) for Independence Realty Trust, Inc. (IRT) is 3.25%

According to Independence Realty Trust, Inc.’s latest financial reports and current stock price. The company's current Dividend Yield is 3.25%. This represents a change of 219.70% compared to the average of 1.02% of the last 4 quarters.

Independence Realty Trust, Inc. (IRT) Historical Dividend Yield (quarterly & annually)

How has IRT Dividend Yield performed in the past?

The mean historical Dividend Yield of Independence Realty Trust, Inc. over the last ten years is 5.65%. The current 3.25% Dividend Yield has changed -42.52% with respect to the historical average. Over the past ten years (40 quarters), IRT's Dividend Yield was at its highest in in the March 2016 quarter at 2.54%. The Dividend Yield was at its lowest in in the March 2022 quarter at 0.29%.

Quarterly (TTM)
Annual

Average

5.65%

Median

5.84%

Minimum

1.78%

Maximum

9.25%

Independence Realty Trust, Inc. (IRT) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of Independence Realty Trust, Inc. Dividend Yield, 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 = 59.12%

Maximum Annual Dividend Yield = 9.25%

Minimum Annual Increase = -60.18%

Minimum Annual Dividend Yield = 1.78%

Quarterly (TTM)
Annual
YearDividend YieldChange
20233.93%38.90%
20222.83%59.12%
20211.78%-60.18%
20204.46%-12.83%
20195.12%-21.99%
20186.56%-7.13%
20177.07%-11.08%
20167.95%-14.03%
20159.25%22.50%
20147.55%12.26%

Independence Realty Trust, Inc. (IRT) Average Dividend Yield

How has IRT Dividend Yield performed in the past?

The current Dividend Yield 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

2.84%

5-year avg

3.62%

10-year avg

5.65%

Independence Realty Trust, Inc. (IRT) Dividend Yield vs. Peers

How is IRT’s Dividend Yield compared to its peers?

Independence Realty Trust, Inc.’s Dividend Yield is less than Apartment Investment and Management Company (0%), greater than Clipper Realty Inc. (0%), less than BRT Apartments Corp. (7.77%), less than UDR, Inc. (5.51%), less than NexPoint Residential Trust, Inc. (3.84%), less than Apartment Income REIT Corp. (4.03%), less than Centerspace (2.30%), less than Elme Communities (3.99%), less than Equity LifeStyle Properties, Inc. (4.12%), less than Veris Residential, Inc. (2.50%), less than null (1.26%),

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