IRT
Independence Realty Trust, Inc.
NYSEUSDEQUITY
Real Estate
DELAYED
Neutral
-19/100
Last price
14.73
▲ 0.01 (0.07%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
14.72
Prev close
14.72
Day high
14.93
Day low
14.70
Volume
2.19M
Market cap
$3.56B
P/E (TTM)
81.83
52W range
14.34 – 17.79
Day trading desk
Gap from prior close
0.00%
Prior close 14.72
VWAP
14.77
-0.25% from price
Relative volume
1.49×
Normal
Session range
1.63%
14.69 – 14.93
Position in range
17%
Near session low
ATR (14D)
0.28
1.91% of price
Prior day high
14.78
PDH
Prior day low
14.42
PDL
Bid / ask spread
—
Quote not published
Session volume
4.70M
Avg 3.17M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-0.67%
-2.6%
1M
-8.45%
-9.6%
3M
-12.63%
-17.2%
6M
-2.77%
-21.0%
YTD
-15.73%
-30.0%
1Y
-9.69%
-26.1%
3Y
+4.69%
-77.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on IRT open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+42.75K
Net buying
Buy transactions
8
45.75K shares
Sell transactions
6
3.00K shares
Net transactions
+14
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
1.60M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Oct 1, 26 | GEBERT RICHARD D. Director |
SELL | 500 | $7.24K | Direct |
| Sep 1, 26 | GEBERT RICHARD D. Director |
SELL | 500 | $8.08K | Direct |
| Aug 3, 26 | GEBERT RICHARD D. Director |
SELL | 500 | $8.35K | Direct |
| Jul 1, 26 | GEBERT RICHARD D. Director |
SELL | 500 | $8.38K | Direct |
| Jun 1, 26 | GEBERT RICHARD D. Director |
SELL | 500 | $8.07K | Direct |
| May 13, 26 | SOARIES DEFOREST B JR Director |
STOCK | 6.20K | $0 | Direct |
| May 13, 26 | MCCLURE MELINDA H. Director |
STOCK | 6.20K | $0 | Direct |
| May 13, 26 | GEBERT RICHARD D. Director |
STOCK | 6.20K | $0 | Direct |
| May 13, 26 | BRINES NED W. Director |
STOCK | 6.20K | $0 | Direct |
| May 13, 26 | MACNAB CRAIG Director |
STOCK | 6.20K | $0 | Direct |
| May 13, 26 | WASHINGTON LISA Director |
STOCK | 6.20K | $0 | Direct |
| May 13, 26 | DEL RIO ANA MARIE Director |
STOCK | 6.20K | $0 | Direct |
| May 1, 26 | GEBERT RICHARD D. Director |
SELL | 500 | $8.16K | Direct |
| Apr 17, 26 | BRINES NED W. Director |
BUY | 2.37K | $39.30K |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BOWIE STEPHEN R |
Director | 46.04K | Stock Award(Grant) |
BRINES NED W. |
Director | 65.46K | Stock Award(Grant) |
DEL RIO ANA MARIE |
Director | 76.79K | Stock Award(Grant) |
DELOZIER JASON R |
Officer | 57.37K | Stock Award(Grant) |
GEBERT RICHARD D. |
Director | 41.07K | Sale |
MCCLURE MELINDA H. |
Director | 50.57K | Stock Award(Grant) |
SCHAEFFER SCOTT F |
Chief Executive Officer | 1.02M | Stock Award(Grant) |
SEBRA JAMES J |
President | 410.77K | Stock Award(Grant) |
SOARIES DEFOREST B JR |
Director | 68.98K | Stock Award(Grant) |
WASHINGTON LISA |
Director | 30.64K | Stock Award(Grant) |
Fundamentals
Market cap$3.56B
Enterprise value$6.00B
Revenue (TTM)$677.16M
Gross profit$410.89M
EBITDA$378.19M
Net income$43.48M
EPS (TTM)$0.18
Free cash flow$186.07M
Total cash$37.36M
Total debt$2.45B
Book value / share$14.28
Shares outstanding235.74M
Float233.58M
Short % of float9.35%
Dividend yield4.89%
Beta (5Y)0.98
Valuation & profitability ratios
Trailing P/E81.83
Forward P/E184.13
PEG ratio—
Price / sales—
Price / book1.03
EV / revenue8.86
EV / EBITDA15.87
Gross margin60.68%
Operating margin14.75%
Profit margin6.42%
Return on equity1.26%
Return on assets1.29%
Debt / equity70.16
Current ratio0.59
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $657.70M | $640.03M | $660.98M | $628.52M | +2.8% |
| Operating revenue | $656.48M | $638.91M | $659.84M | $627.41M | +2.7% |
| Cost of revenue | $269.26M | $265.51M | $271.41M | $256.31M | +1.4% |
| Gross profit | $388.43M | $374.52M | $389.57M | $372.22M | +3.7% |
| Selling, general & admin | $23.97M | $24.25M | $22.77M | $26.26M | -1.2% |
| Total operating expense | $267.21M | $245.10M | $241.73M | $279.11M | +9.0% |
| Operating income | $121.22M | $129.43M | $147.84M | $93.11M | -6.3% |
| Net interest income | -$79.00M | -$76.14M | -$89.92M | -$86.95M | -3.8% |
| Pre-tax income | $57.71M | $40.03M | -$17.81M | $120.66M | +44.1% |
| Net income | $56.56M | $39.29M | -$17.23M | $117.25M | +43.9% |
| Net income to common | $56.56M | $39.29M | -$17.23M | $117.25M | +43.9% |
| Basic EPS | 0.24 | 0.17 | -0.08 | 0.53 | +41.2% |
| Diluted EPS | 0.24 | 0.17 | -0.08 | 0.53 | +41.2% |
| EBIT | $136.71M | $116.17M | $72.11M | $207.61M | +17.7% |
| EBITDA | $379.95M | $337.03M | $291.08M | $460.46M | +12.7% |
| Basic shares | 233.92M | 224.80M | 224.41M | 221.97M | +4.1% |
| Diluted shares | 234.75M | 225.58M | 224.41M | 223.01M | +4.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $23.56M | $21.23M | $22.85M | $16.08M | +11.0% |
| Cash & short-term investments | $23.56M | $21.23M | $22.85M | $16.08M | +11.0% |
| Total current assets | $124.09M | $153.56M | $347.07M | $79.79M | -19.2% |
| Goodwill & intangibles | $2.97M | $3.64M | $66.00K | $399.00K | -18.5% |
| Total assets | $6.02B | $6.06B | $6.28B | $6.53B | -0.6% |
| Total current liabilities | $929.53M | $935.85M | $993.31M | $974.40M | -0.7% |
| Current debt | $787.52M | $794.72M | $839.46M | $824.83M | -0.9% |
| Long-term debt | $1.49B | $1.54B | $1.71B | $1.81B | -2.9% |
| Total debt | $2.28B | $2.33B | $2.55B | $2.63B | -2.2% |
| Total liabilities | $2.43B | $2.48B | $2.71B | $2.79B | -2.0% |
| Retained earnings | -$555.33M | -$454.10M | -$348.40M | -$191.74M | -22.3% |
| Shareholder equity | $3.46B | $3.44B | $3.43B | $3.60B | +0.5% |
| Working capital | -$805.44M | -$782.28M | -$646.24M | -$894.61M | -3.0% |
| Net tangible assets | $3.46B | $3.44B | $3.43B | $3.60B | +0.5% |
| Shares issued | 237.23M | 230.84M | 224.71M | 224.06M | +2.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $57.71M | $40.03M | -$17.81M | $120.66M | +44.1% |
| Depreciation & amortisation | $243.24M | $220.85M | $218.97M | $252.85M | +10.1% |
| Stock-based compensation | $7.88M | $7.08M | $7.66M | $7.89M | +11.4% |
| Change in working capital | -$6.84M | -$15.55M | -$13.77M | -$6.36M | +56.0% |
| Operating cash flow | $282.15M | $259.75M | $262.17M | $249.54M | +8.6% |
| Capital expenditure | -$153.86M | -$175.06M | -$212.85M | -$145.74M | +12.1% |
| Investing cash flow | -$142.91M | -$20.61M | -$1.71M | -$135.77M | -593.6% |
| Share buybacks | -$33.49M | -$2.60M | -$5.16M | -$5.97M | -1,187.1% |
| Dividends paid | -$154.39M | -$144.02M | -$134.87M | -$105.83M | -7.2% |
| Financing cash flow | -$135.07M | -$246.43M | -$253.74M | -$135.43M | +45.2% |
| Free cash flow | $128.28M | $84.69M | $49.32M | $103.80M | +51.5% |
| End cash position | $47.62M | $43.45M | $50.73M | $44.02M | +9.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $167.24M | $165.32M | $167.13M | $167.14M | $162.19M | +1.2% |
| Operating revenue | $167.13M | $165.21M | $166.80M | $166.89M | $161.89M | +1.2% |
| Cost of revenue | $71.31M | $70.36M | $63.93M | $69.59M | $68.65M | +1.3% |
| Gross profit | $95.94M | $94.96M | $103.19M | $97.55M | $93.54M | +1.0% |
| Selling, general & admin | $5.68M | $8.51M | $4.67M | $4.91M | $5.98M | -33.2% |
| Total operating expense | $70.55M | $73.15M | $67.66M | $66.64M | $65.78M | -3.6% |
| Operating income | $25.39M | $21.82M | $35.53M | $30.91M | $27.76M | +16.4% |
| Net interest income | -$21.58M | -$20.73M | -$20.42M | -$20.45M | -$18.77M | -4.1% |
| Pre-tax income | $3.42M | -$127.00K | $34.01M | $7.00M | $8.17M | +2,791.3% |
| Net income | $3.39M | -$68.00K | $33.27M | $6.89M | $8.05M | +5,086.8% |
| Net income to common | $3.39M | -$68.00K | $33.27M | $6.89M | $8.05M | +5,086.8% |
| Basic EPS | 0.01 | 0.00 | 0.14 | 0.03 | 0.03 | — |
| Diluted EPS | 0.01 | 0.00 | 0.14 | 0.03 | 0.03 | — |
| EBIT | $25.00M | $20.61M | $54.44M | $27.45M | $26.95M | +21.3% |
| EBITDA | $89.86M | $85.24M | $117.42M | $89.19M | $86.74M | +5.4% |
| Basic shares | 235.40M | 236.43M | 237.77M | 233.63M | 233.50M | -0.4% |
| Diluted shares | 236.04M | 236.43M | 238.50M | 234.28M | 234.13M | -0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $22.51M | $23.34M | $23.56M | $23.29M | $19.49M | -3.5% |
| Cash & short-term investments | $22.51M | $23.34M | $23.56M | $23.29M | $19.49M | -3.5% |
| Total current assets | $124.45M | $120.13M | $124.09M | $158.11M | $162.40M | +3.6% |
| Goodwill & intangibles | $418.00K | $1.56M | $2.97M | $5.45M | $1.64M | -73.3% |
| Total assets | $6.09B | $6.10B | $6.02B | $6.09B | $5.96B | -0.1% |
| Total current liabilities | $1.01B | $931.67M | $929.53M | $969.91M | $962.26M | +7.9% |
| Current debt | $851.90M | $795.87M | $787.52M | $798.54M | $808.18M | +7.0% |
| Long-term debt | $1.59B | $1.64B | $1.49B | $1.50B | $1.44B | -2.8% |
| Total debt | $2.44B | $2.43B | $2.28B | $2.30B | $2.25B | +0.4% |
| Total liabilities | $2.60B | $2.58B | $2.43B | $2.48B | $2.41B | +1.1% |
| Retained earnings | -$634.70M | -$595.71M | -$555.33M | -$548.32M | -$514.62M | -6.5% |
| Shareholder equity | $3.36B | $3.39B | $3.46B | $3.49B | $3.42B | -1.0% |
| Working capital | -$880.88M | -$811.54M | -$805.44M | -$811.80M | -$799.86M | -8.5% |
| Net tangible assets | $3.36B | $3.39B | $3.46B | $3.48B | $3.42B | -1.0% |
| Shares issued | 235.74M | 235.70M | 237.23M | 239.10M | 233.81M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $3.42M | -$127.00K | $34.01M | $7.00M | $8.17M | +2,790.6% |
| Depreciation & amortisation | $64.86M | $64.63M | $62.98M | $61.73M | $59.80M | +0.4% |
| Stock-based compensation | $1.73M | $3.75M | $1.06M | $1.03M | $1.85M | -54.1% |
| Change in working capital | $9.56M | -$13.33M | -$17.18M | $7.26M | $12.69M | +171.7% |
| Operating cash flow | $80.92M | $55.32M | $60.19M | $79.34M | $82.25M | +46.3% |
| Capital expenditure | -$44.36M | -$23.61M | -$36.22M | -$51.72M | -$44.47M | -87.9% |
| Investing cash flow | -$47.02M | -$65.95M | $10.06M | -$118.63M | -$44.78M | +28.7% |
| Share buybacks | -$256.00K | -$32.52M | -$30.04M | -$29.00K | -$2.18M | +99.2% |
| Dividends paid | -$40.01M | -$40.59M | -$40.59M | -$39.69M | -$36.93M | +1.4% |
| Financing cash flow | -$30.47M | $6.28M | -$73.56M | $47.69M | -$43.27M | -585.3% |
| Free cash flow | $36.55M | $31.71M | $23.97M | $27.62M | $37.78M | +15.3% |
| End cash position | $46.70M | $43.27M | $47.62M | $50.93M | $42.53M | +7.9% |
Options analytics
Put / call volume
0.27
Call-heavy session
Put / call open interest
0.00
Positioning, not flow
Max pain
2.50
-83.0% from spot
ATM implied vol
3.1%
Nearest strike to spot
Skew (10% OTM)
+21.9%
Puts bid over calls
Call volume
15
Contracts, this expiry
Put volume
4
Contracts, this expiry
Heaviest call OI
7.50
1 contracts
Heaviest put OI
12.50
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.06 | 0.02 | -73.8% |
| Mar 2026 | 0.03 | 0.00 | -84.0% |
| Dec 2025 | 0.08 | 0.06 | -26.3% |
| Sep 2025 | 0.06 | 0.04 | -26.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.05 | 1 | $171.38M | +2.7% |
| Next quarter | 0.18 | 1 | $172.31M | +3.3% |
| Current year | 0.20 | 3 | $676.16M | +3.0% |
| Next year | 0.12 | 2 | $698.26M | +3.3% |
Analyst targets & ownership
Mean target$19.27
High target$22.00
Low target$17.00
Implied upside30.82%
Analyst count13
ConsensusBUY
Strong buy / Buy3 / 7
Hold3
Sell / Strong sell0 / 0
Held by insiders0.68%
Held by institutions103.56%
Institutions holding541
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
14.63
+0.66% from price
SMA 20
14.83
-0.71% from price
SMA 50
15.91
-7.43% from price
SMA 100
16.24
-9.32% from price
SMA 200
16.29
-9.60% from price
EMA 12
14.75
-0.10% from price
EMA 26
15.12
-2.57% from price
EMA 50
15.57
-5.42% from price
RSI (14)
37.7
Neutral
MACD (12,26,9)
-0.37
Hist 0.05
ATR (14)
0.28
1.91% of price
Realised vol 30D
18.0%
Annualised
Bollinger upper
15.37
20, 2σ
Bollinger lower
14.30
20, 2σ
50 / 200 cross
Death
15.91 vs 16.29
Trend bias
Below 200
-9.60%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.19
Less volatile than market
Correlation to SPY
0.11
Largely independent
Realised vol 30D
18.0%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-18.4%
Peak to trough
Max drawdown 5Y
-57.1%
Peak to trough
ATR 14
0.28
1.91% of price
Beta (reported)
0.98
5Y monthly, from filing
Short interest
Shares short
15.74M
Prior 13.55M
Change vs prior
+16.2%
Shorts adding
% of float
9.35%
Normal
% of shares out
6.68%
Against total outstanding
Days to cover
5.1
Crowded exit
Float
233.58M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 15, 26 | UBS | MAINTAINED | Buy | Buy |
| Sep 10, 26 | Citizens | MAINTAINED | Market Outperform | Market Outperform |
| Aug 5, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Jul 14, 26 | Barclays | UPGRADE | Equal-Weight | Overweight |
| Jun 1, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| May 14, 26 | UBS | MAINTAINED | Buy | Buy |
| May 11, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Apr 23, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Mar 6, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Mar 5, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Feb 18, 26 | Citigroup | MAINTAINED | Neutral | Neutral |
| Jan 9, 26 | BMO Capital | UPGRADE | Market Perform | Outperform |
Dividends & splits
Forward rate$0.72 / yr
Forward yield4.89%
5-year avg yield2.90%
Payout ratio383.33%
Ex-dividend dateSep 30, 2026
Next pay dateOct 23, 2026
Last split—
Split date—
SEC filings
Offering Registrations
S-4/A · 2026-10-05
Offering Registrations
S-4 · 2026-09-24
Corporate Changes & Voting Matters
8-K · 2026-09-23
Corporate Changes & Voting Matters
8-K · 2026-09-09
Periodic Financial Reports
10-Q · 2026-08-04
Corporate Changes & Voting Matters
8-K · 2026-08-03
Corporate Changes & Voting Matters
8-K · 2026-06-12
Corporate Changes & Voting Matters
8-K · 2026-06-01
Headlines
Centerspace Announces Third Quarter 2026 Earnings Release Date
PR Newswire · 5d ago
Investor challenges IRT’s acquisition of Centerspace
Multifamily Dive · 7d ago
Activist Calls Independence Realty Trust's Centerspace Merger 'Destructive' To REIT
Bisnow · 8d ago
Independence Realty Trust Shareholder Irenic Opposes Centerspace Acquisition, Urges Sale
MT Newswires · 8d ago
Irenic Sends Letter to Independence Realty Trust Board of Directors Opposing Proposed Acquisition of Centerspace and Urging a Sale of the Company
Business Wire · 8d ago
Down 13.2% in 4 Weeks, Here's Why Independence Realty Trust (IRT) Looks Ripe for a Turnaround
Zacks · 15d ago
Independence Realty Trust (IRT) and Centerspace Combine into an $8.1 Billion Apartment Giant
Insider Monkey · 16d ago
Independence Realty Trust (IRT) Stock Trades Below Fair Value After A 16% Slide
Simply Wall St. · 18d ago
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