Independence Realty Trust Inc
NYSE:IRT

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Independence Realty Trust Inc Logo
Independence Realty Trust Inc
NYSE:IRT
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Price: 21.69 USD 0.98%
Market Cap: 4.9B USD
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Intrinsic Value

The intrinsic value of one IRT stock under the Base Case scenario is 16.89 USD. Compared to the current market price of 21.69 USD, Independence Realty Trust Inc is Overvalued by 22%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

IRT Intrinsic Value
16.89 USD
Overvaluation 22%
Intrinsic Value
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Independence Realty Trust Inc

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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0-36
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Investment Journal
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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Independence Realty Trust Inc

Current Assets 17.6m
Cash & Short-Term Investments 17.6m
Non-Current Assets 5.9B
Long-Term Investments 95.4m
PP&E 5.7B
Intangibles 1.2m
Other Non-Current Assets 91m
Current Liabilities 180m
Accounts Payable 119.3m
Accrued Liabilities 9.1m
Other Current Liabilities 51.6m
Non-Current Liabilities 2.4B
Long-Term Debt 2.3B
Other Non-Current Liabilities 141m
Efficiency

Earnings Waterfall
Independence Realty Trust Inc

Revenue
646.1m USD
Cost of Revenue
-270.3m USD
Gross Profit
375.8m USD
Operating Expenses
-243.4m USD
Operating Income
132.4m USD
Other Expenses
-132.6m USD
Net Income
-219k USD

Free Cash Flow Analysis
Independence Realty Trust Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

In its third quarter, Independence Realty Trust (IRT) reported net income of $12.4 million, up from $3.9 million, alongside a core FFO of $0.29 per share. Same-store NOI grew 2.2%, benefiting from a 2.5% revenue increase, alongside a 1.2% rise in average rents. IRT aims for full-year same-store revenue growth of 3% to 3.2%. The company received a BBB credit rating, enhancing its capital access. IRT expects to finalize acquisitions worth $184 million this quarter, focusing on high-growth markets. Occupancy remained strong at 95.4%, with further increases anticipated as value-add renovations progress.

What is Earnings Call?
Fundamental Scores

IRT Profitability Score
Profitability Due Diligence

Independence Realty Trust Inc's profitability score is 54/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Exceptional 3-Years Revenue Growth
Positive Free Cash Flow
Positive Operating Income
54/100
Profitability
Score

Independence Realty Trust Inc's profitability score is 54/100. The higher the profitability score, the more profitable the company is.

IRT Solvency Score
Solvency Due Diligence

Independence Realty Trust Inc's solvency score is 36/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Low D/E
Low Altman Z-Score
Short-Term Solvency
36/100
Solvency
Score

Independence Realty Trust Inc's solvency score is 36/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

IRT Price Targets Summary
Independence Realty Trust Inc

Wall Street analysts forecast IRT stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for IRT is 21.74 USD with a low forecast of 19.19 USD and a high forecast of 23.1 USD.

Lowest
Price Target
19.19 USD
12% Downside
Average
Price Target
21.74 USD
0% Upside
Highest
Price Target
23.1 USD
7% Upside
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Dividends

Dividend Yield
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Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
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Shareholder Yield

Current shareholder yield for IRT is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Buyback Yield
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Debt Paydown Yield
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Ownership

IRT Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
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Profile

Independence Realty Trust Inc Logo
Independence Realty Trust Inc

Country

United States of America

Industry

Real Estate

Market Cap

4.9B USD

Dividend Yield

2.95%

Description

Independence Realty Trust, Inc. is a real estate investment trust, which acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. The company is headquartered in Philadelphia, Pennsylvania and currently employs 937 full-time employees. The company went IPO on 2013-08-13. The firm acquires, owns, operates, improves, and manages multifamily apartment communities across non-gateway United States markets. The firm owns and operates approximately 123 multifamily apartment properties that contain 36,831 units across non-gateway United States markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Louisville, Memphis, Oklahoma City, and Raleigh. The firm's portfolio of properties also consists primarily of apartment communities geographically concentrated in the Southeastern United States. North Carolina, Georgia, Texas, Florida, Tennessee, Ohio, and Kentucky. The firm owns all of its assets and conducts all its operations through Independence Realty Operating Partnership, LP (IROP).

Contact

PENNSYLVANIA
PHILADELPHIA
1835 Market St Fl 2601
+12672704800.0
www.irtliving.com

IPO

2013-08-13

Employees

937

Officers

CEO & Chairman
Mr. Scott F. Schaeffer
President, CFO & Treasurer
Mr. James J. Sebra
Chief Accounting Officer & Controller
Mr. Jason R. Delozier
General Counsel & Secretary
Ms. Michele R. Weisbaum
Executive Vice President of Technology & Innovation
Josh Kulick
Investor Relation Officer of Edelman Smithfield
Mr. Ted McHugh
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Senior Vice President of Sales & Marketing
Mr. Pete Rushing
Senior Vice President of Operations
Janice Richards
Senior Vice President of Business Development
Mr. Gregory Marks
Senior Vice President of Redevelopment
Mike Kernan
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See Also

Discover More
What is the Intrinsic Value of one IRT stock?

The intrinsic value of one IRT stock under the Base Case scenario is 16.89 USD.

Is IRT stock undervalued or overvalued?

Compared to the current market price of 21.69 USD, Independence Realty Trust Inc is Overvalued by 22%.

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