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 Enterprise Value as of September 2024 (TTM) for Independence Realty Trust, Inc. (IRT) is 6.60B

According to Independence Realty Trust, Inc.’s latest financial reports and current stock price. The company's current Enterprise Value is 6.60B. This represents a change of 11.13% compared to the average of 5.93B of the last 4 quarters.

Independence Realty Trust, Inc. (IRT) Historical Enterprise Value (quarterly & annually)

How has IRT Enterprise Value performed in the past?

The mean historical Enterprise Value of Independence Realty Trust, Inc. over the last ten years is 3.03B. The current 6.60B Enterprise Value has changed 21.65% with respect to the historical average. Over the past ten years (40 quarters), IRT's Enterprise Value was at its highest in in the December 2022 quarter at 8.36B. The Enterprise Value was at its lowest in in the September 2014 quarter at 451.48M.

Quarterly (TTM)
Annual

Average

3.03B

Median

1.99B

Minimum

602.59M

Maximum

8.33B

Independence Realty Trust, Inc. (IRT) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of Independence Realty Trust, Inc. Enterprise Value, 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 = 317.22%

Maximum Annual Enterprise Value = 8.33B

Minimum Annual Increase = -30.22%

Minimum Annual Enterprise Value = 602.59M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
20235.81B-30.22%
20228.33B52.18%
20215.47B149.38%
20202.19B-2.02%
20192.24B26.16%
20181.78B17.71%
20171.51B27.50%
20161.18B-2.15%
20151.21B100.64%
2014602.59M317.22%

Independence Realty Trust, Inc. (IRT) Average Enterprise Value

How has IRT Enterprise Value performed in the past?

The current Enterprise Value of Independence Realty Trust, Inc. (IRT) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

6.54B

5-year avg

4.81B

10-year avg

3.03B

Independence Realty Trust, Inc. (IRT) Enterprise Value vs. Peers

How is IRT’s Enterprise Value compared to its peers?

Independence Realty Trust, Inc.’s Enterprise Value is less than Apartment Investment and Management Company (0), greater than Clipper Realty Inc. (2.48B), greater than BRT Apartments Corp. (1.29B), greater than UDR, Inc. (779.51M), less than NexPoint Residential Trust, Inc. (20.45B), greater than Apartment Income REIT Corp. (2.54B), less than Centerspace (8.90B), greater than Elme Communities (2.05B), greater than Equity LifeStyle Properties, Inc. (2.21B), less than Veris Residential, Inc. (17.24B), greater than null (3.24B),

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Frequently asked questions❓

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