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 ROE as of September 2024 (TTM) for Independence Realty Trust, Inc. (IRT) is -0.25%

According to Independence Realty Trust, Inc.’s latest financial reports and current stock price. The company's current ROE is -0.25%. This represents a change of 299.70% compared to the average of -0.06% of the last 4 quarters.

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

How has IRT ROE performed in the past?

The mean historical ROE of Independence Realty Trust, Inc. over the last ten years is 1.48%. The current -0.25% ROE has changed -117.02% with respect to the historical average. Over the past ten years (40 quarters), IRT's ROE was at its highest in in the June 2016 quarter at 7.68%. The ROE was at its lowest in in the December 2016 quarter at -8.09%.

Quarterly (TTM)
Annual

Average

1.48%

Median

1.01%

Minimum

-3.05%

Maximum

7.76%

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

Discovering the peaks and valleys of Independence Realty Trust, Inc. ROE, 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 = 562.85%

Maximum Annual ROE = 7.76%

Minimum Annual Increase = -380.36%

Minimum Annual ROE = -3.05%

Quarterly (TTM)
Annual
YearROEChange
2023-0.50%-153.58%
20220.94%298.36%
20210.24%-107.71%
2020-3.05%-380.36%
20191.09%-74.23%
20184.22%-12.82%
20174.84%-350.28%
2016-1.93%-124.93%
20157.76%562.85%
20141.17%40.23%

Independence Realty Trust, Inc. (IRT) Average ROE

How has IRT ROE performed in the past?

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

3-year avg

0.22%

5-year avg

-0.26%

10-year avg

1.48%

Independence Realty Trust, Inc. (IRT) ROE vs. Peers

How is IRT’s ROE compared to its peers?

Independence Realty Trust, Inc.’s ROE is less than Apartment Investment and Management Company (0%), greater than Clipper Realty Inc. (-62.01%), greater than BRT Apartments Corp. (-272.65%), greater than UDR, Inc. (-3.88%), less than NexPoint Residential Trust, Inc. (3.49%), less than Apartment Income REIT Corp. (17.69%), less than Centerspace (28.01%), greater than Elme Communities (-0.69%), greater than Equity LifeStyle Properties, Inc. (-4.70%), less than Veris Residential, Inc. (24.87%), greater than null (-5.35%),

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