Independence Realty Trust, Inc., an S&P 400 MidCap Company, is a real estate investment trust 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. Independence Realty Trust, Inc. was established in 2009 and is incorporated in Maryland.
Research context
Independence Realty Trust Inc appears in PyInvesting’s US Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- USD
- Sector
- Real Estate
- Industry
- REIT - Residential
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5 years, 7 months ago
Independence Realty Trust, Inc is currently in a long term uptrend where the price is trading 26.1% above its 200 day moving average.
From a valuation standpoint, the stock is 29.4% cheaper than other stocks from the Real Estate sector with a price to sales ratio of 7.0.
Independence Realty Trust, Inc's total revenue rose by 5.2% to $54M since the same quarter in the previous year.
Its net income has dropped by 44.2% to $13M since the same quarter in the previous year.
Finally, its free cash flow grew by 205.3% to $4M since the same quarter in the previous year.
Based on the above factors, Independence Realty Trust, Inc gets an overall score of 4/5.