Independence Realty Trust (NYSE: IRT) — Company Overview, News & Financial Data
Independence Realty Trust is a REIT managing apartment properties in the U.S., committed to community and sustainable growth.
Independence Realty Trust
Independence Realty Trust (NYSE:IRT) is a real estate investment trust focused on the acquisition, ownership, and management of apartment properties across the United States. With a portfolio that prioritizes high-quality communities in strategically selected markets, the company aspires to provide value and comfort to its residents while seeking to deliver attractive returns to its shareholders. Through targeted investments, operational enhancements, and effective property management, Independence Realty Trust aims to grow sustainably while maintaining a strong commitment to community, sustainability, and ethical governance. The company's objective is not just to expand its portfolio, but also to enhance the living experience of its residents, fostering thriving communities under its stewardship.
Snapshot
Operations
Products and/or services of Independence Realty Trust
- Multifamily apartment communities offering affordable, high-quality living experiences.
- Residential property management services focusing on operational efficiency and tenant satisfaction.
- Investment in real estate portfolios to enhance asset value and generate stable revenue streams.
- Renovation and redevelopment projects aimed at modernizing properties and increasing market competitiveness.
- Sustainability initiatives to reduce environmental impact and promote green living within communities.
- Technology integration to improve property management processes and enhance the resident experience.
Independence Realty Trust executive team
- Scott F. SchaefferCEO & Chairman
- James J. SebraPresident, CFO, Treasurer & Director
- Jason R. DelozierChief Accounting Officer & Controller
- Jason LynchSenior Vice President of Investments
- Josh KulickExecutive Vice President of Technology & Innovation
- Stephanie M. Krewson-KellySenior Vice President of Investor Relations & Capital Markets
- John J. ReyleGeneral Counsel
- Pete RushingSenior Vice President of Sales & Marketing
- Fred KapelVice President of Human Resources
- Janice RichardsExecutive Vice President of Revenue Strategy
Latest news about Independence Realty Trust
Dividend history
Dividends per share paid by Independence Realty Trust, by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2026(to date) | — | — | — | $0.5300 |
| FY2025 | — | — | — | $0.6700 |
| FY2024 | — | — | — | $0.6400 |
| FY2023 | — | — | — | $0.6200 |
| FY2022 | — | — | — | $0.5400 |
Key financials
Reported results for Independence Realty Trust, in USD.
- Market cap
- 3.6B
- Revenue (TTM)
- 677.2M
- P/E ratio
- 82.2
- EPS (diluted, TTM)
- 0.2
- Dividend yield
- 4.8%
- Profit margin
- 6.4%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 657.7M | 121.2M | 56.6M | |
| 640M | 129.4M | 39.3M | |
| 661M | 147.8M | -17.2M | |
| 628.5M | 93.1M | 117.2M |