Independence Realty Trust, Inc.

Independence Realty Trust, Inc.verified

IRT

Price:

$21.75

Market Cap:

$4.90B

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 PE Ratio as of November 2024 (TTM) for Independence Realty Trust, Inc. (IRT) is -435.00

According to Independence Realty Trust, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is -435.00. This represents a change of -876.88% compared to the average of 55.99 of the last 4 quarters.

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

How has IRT PE Ratio performed in the past?

The mean historical PE Ratio of Independence Realty Trust, Inc. over the last ten years is 47.05. The current -435.00 PE Ratio has changed -92546.88% with respect to the historical average. Over the past ten years (40 quarters), IRT's PE Ratio was at its highest in in the March 2021 quarter at 355.78. The PE Ratio was at its lowest in in the March 2016 quarter at -1117.68.

Quarterly (TTM)
Annual

Average

47.05

Median

27.45

Minimum

-199.31

Maximum

342.44

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

Discovering the peaks and valleys of Independence Realty Trust, Inc. PE 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 = 523.32%

Maximum Annual PE Ratio = 342.44

Minimum Annual Increase = -687.77%

Minimum Annual PE Ratio = -199.31

Quarterly (TTM)
Annual
YearPE RatioChange
2023-199.31-279.50%
2022111.04-67.58%
2021342.44-687.77%
2020-58.26-130.73%
2019189.56523.32%
201830.4124.14%
201724.50-152.18%
2016-46.95-588.33%
20159.61-85.76%
201467.50-5.11%

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

How has IRT PE Ratio performed in the past?

The current PE 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

84.72

5-year avg

77.09

10-year avg

47.05

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

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

Independence Realty Trust, Inc.’s PE Ratio is less than Apartment Investment and Management Company (0), less than Clipper Realty Inc. (-4.95), less than BRT Apartments Corp. (-21.24), less than UDR, Inc. (-36.45), less than NexPoint Residential Trust, Inc. (116.39), less than Apartment Income REIT Corp. (25.45), less than Centerspace (8.83), less than Elme Communities (-83.14), less than Equity LifeStyle Properties, Inc. (-107.70), less than Veris Residential, Inc. (36.42), less than null (-108.46),

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