Stocktoria

INDEPENDENCE REALTY TRUST, INC. IRT

NYSE · reit · Real Estate Investment Trusts · website · IPO 2013-08-13 · LEI

INDEPENDENCE REALTY TRUST, INC. statistics & valuation

Market cap$4.1B
P / E71.7×
P / S6.2×
P / B1.1×
Dividend yield3.81%
Net margin8.6%
Return on equity1.6%
Net debt$2.3B
Enterprise value USD$6.3B
Graham number -46.8%$9.04

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($9.04); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
18.70% 13.70% 22.60% 7.00% 17.80% 18.70% -2.60% 6.10% 8.60% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
25.90% 28.20% 27.10% 2016201720182019202020212022202320242025
Return on equity (%)
4.70% 4.20% 7.40% 2.10% 1.20% 3.10% -0.50% 1.10% 1.60% 2016201720182019202020212022202320242025
Shares outstanding
69.0M 84.7M 89.2M 91.1M 101.8M 220.8M 224.1M 224.7M 230.8M 237.2M 2016201720182019202020212022202320242025
Net debt ($)
$722.9M $769.1M $976.2M $975.7M $936.9M $2.67B $2.62B $2.53B $2.31B $2.26B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.10% 1.60% 2.80% 0.90% 0.70% 1.80% -0.30% 0.60% 0.90% 2016201720182019202020212022202320242025
Free cash flow margin (%)
35.50% 36.80% 35.30% 20.80% 2016201720182019202020212022202320242025
Debt / equity (×)
1.41× 1.20× 1.56× 1.59× 1.33× 0.74× 0.70× 0.71× 0.65× 0.64× 2016201720182019202020212022202320242025
EPS ($)
-$0.19 $0.41 $0.30 $0.51 $0.16 $0.41 $0.53 -$0.08 $0.17 $0.24 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

INDEPENDENCE REALTY TRUST, INC. trades at about 70.8× earnings — above its 10-year norm (10-year range 8.7×–113×, median 56.1×).

8.7× 113×

Shaded band = 10-year range (8.7×–113×); dot = today's 70.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin———————27.1%28.2%25.9%
Net margin8.6%6.1%-2.6%18.7%17.8%7.0%22.6%13.7%18.7%—
FCF margin————20.8%35.3%36.8%35.5%——
Return on assets0.9%0.6%-0.3%1.8%0.7%0.9%2.8%1.6%2.1%—
Return on equity1.6%1.1%-0.5%3.1%1.2%2.1%7.4%4.2%4.7%—
Debt / equity0.64×0.65×0.71×0.70×0.74×1.33×1.59×1.56×1.20×1.41×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.