Intrinsiqq
INDEPENDENCE REALTY TRUST, INC. logoIndependence Realty Trust, Inc.IRT
$14.80-0.34%
INDEPENDENCE REALTY TRUST, INC. logo

Independence Realty Trust, Inc.

IRT

$14.80

-$0.05 (-0.34%)

⊜ Compare
ProfitabilitySolid marginsGrowthModeratingCash FlowStrong conversionValuationRichly valued
What stands out

18.23% operating margin is respectable but not wide. ROIC at 1.64%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.

What's changing

Revenue growth slowed to 2.8%, essentially flat. Margins also contracted 1.4pp. This is a business that needs a catalyst.

What deserves caution

At 82x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of $2.26B represents 8.0x FCF, leverage limits flexibility.

Valuation context

82.2x earnings, 12.7x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.

Price History

-8.6%

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$3.49B
EPS$0.18
P/E82.22
P/FCF12.65
EV/EBITDA13.91
FCF Yield7.9%
Div. Yield4.61%
Net Debt/FCF8.8x
52-Week Range
$14.44$17.77

Profitability & Returns

Revenue (TTM)

$667M

▲ +2.8% YoY

Net Income (TTM)

$43M

▲ +43.9% YoY

Op. Margin

16.94%

▼ -1.4pp YoY

ROIC

1.54%

Cash Flow & Balance Sheet

FCF (TTM)

$276M

▲ +8.6% YoY

Op. Cash Flow (TTM)

$276M

▲ +8.6% YoY

Net Debt

$2.42B

Cash & Equiv.

$23M

5Y CAGR: +25.4%

5Y CAGR: +30.4%

Continue Research

SourceComputed from the 10-Q filed 29 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 2 Oct 2026. How this is calculated.

Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.

Is Independence Realty Trust (IRT) overvalued?

At a P/E of 82.2 and a price-to-free-cash-flow of 12.7, Independence Realty Trust (IRT) trades below a two-stage DCF intrinsic value of about $48.71 per share, so at $14.80 the stock looks undervalued (229.1% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.

On quality, Independence Realty Trust scores 55/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.6%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.

Frequently asked

What is Independence Realty Trust's fair value?+

Intrinsiqq's two-stage DCF estimates an intrinsic value of about $48.71 per share for IRT, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $36.53. At today's $14.80, that puts the stock about 229.1% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.

Is Independence Realty Trust a high-quality business?+

Independence Realty Trust scores 55 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 16.9% operating margin and a 1.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.

Does Independence Realty Trust (IRT) pay a dividend, and how much?+

Yes, Independence Realty Trust pays a regular dividend of about $0.68 per share per year (typically in quarterly installments), a yield of roughly 4.6% at the current price. That is a payout ratio of about 370.0% of earnings, so the dividend is stretched at this level. Independence Realty Trust has grown the dividend at roughly 32.7% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For IRT's full payout history, growth streak and dividend-safety score, see the dividends tab.

Is Independence Realty Trust a good stock to buy right now?+

That depends on valuation and quality together, not either alone. IRT currently trades below its estimated intrinsic value and scores 55/100 on quality (mixed). It also yields about 4.6%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.

Related stocks: Real Estate Investment Trusts

Spot a number that looks wrong? Check it in IRT's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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Not financial advice. Analytical data for research only.

Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.