Independence Realty Trust, Inc. IRT
Independence Realty Trust, Inc. (NYSE: IRT), an S P 400 MidCap Company, is a real estate investment trust ("REIT") that owns and operates multifamily communities, across non-gateway U.S. markets. IRT s investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT s main investment objective is to provide attractive risk-adjusted returns to shareholders through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.
Snapshot
Reported FFO / Core FFO / leverage are from the Q1 2026 earnings release (filed 2026-04-29) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-26 | 2026-06-26 | 2026-07-17 | 2026-05-13 | $0.18 | Quarterly |
| 2026-03-27 | 2026-03-27 | 2026-04-17 | 2026-03-09 | $0.17 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-23 | 2025-12-15 | $0.17 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-24 | 2025-09-08 | $0.17 | Quarterly |
| 2025-06-27 | 2025-06-27 | 2025-07-18 | 2025-05-14 | $0.17 | Quarterly |
| 2025-03-28 | 2025-03-28 | 2025-04-21 | 2025-03-10 | $0.16 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-17 | 2024-12-16 | $0.16 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-18 | 2024-09-17 | $0.16 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-19 | 2024-06-10 | $0.16 | Quarterly |
| 2024-03-27 | 2024-03-29 | 2024-04-19 | 2024-03-11 | $0.16 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-19 | 2023-12-11 | $0.16 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-20 | 2023-09-12 | $0.16 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-21 | 2023-05-10 | $0.16 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-21 | 2023-03-13 | $0.14 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-20 | 2022-12-12 | $0.14 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-21 | 2022-09-12 | $0.14 | Quarterly |
| 2022-06-30 | 2022-07-01 | 2022-07-22 | 2022-05-18 | $0.14 | Quarterly |
| 2022-03-31 | 2022-04-01 | 2022-04-22 | 2022-03-14 | $0.12 | Quarterly |
| 2021-12-29 | 2021-12-30 | 2022-01-21 | 2021-12-02 | $0.02 | Quarterly |
| 2021-12-16 | 2021-12-17 | 2022-01-18 | 2021-12-02 | $0.10 | Quarterly |
| 2021-09-30 | 2021-10-01 | 2021-10-22 | 2021-09-13 | $0.12 | Quarterly |
| 2021-07-01 | 2021-07-02 | 2021-07-23 | 2021-06-14 | $0.12 | Quarterly |
| 2021-03-31 | 2021-04-02 | 2021-04-23 | 2021-03-15 | $0.12 | Quarterly |
| 2020-12-29 | 2020-12-30 | 2021-01-22 | 2020-12-14 | $0.12 | Quarterly |
Coverage (payout of operating cash flow): 59.90%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $657.70M | $56.56M | $243.24M | $379.95M | $282.15M |
| 2024 | $640.03M | $39.29M | $220.85M | $337.03M | $259.75M |
| 2023 | $660.98M | $-17.23M | $218.97M | $291.08M | $262.17M |
| 2022 | $628.52M | $117.25M | $252.85M | $460.46M | $249.54M |
| 2021 | $250.25M | $44.59M | $76.91M | $158.84M | $52.26M |
| 2020 | $211.91M | $14.77M | $60.69M | $112.05M | $74.96M |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.