About
About Independence Realty Trust Inc
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.
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5 years, 4 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.