Stock IRT INDEPENDENCE REALTY TRUST, INC.
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Financials Independence Realty Trust, Inc.

Equities

IRT

US45378A1060

Residential REITs

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
15.86 USD +1.28% Intraday chart for Independence Realty Trust, Inc. +1.54% +3.66%
Apr. 25 Transcript : Independence Realty Trust, Inc., Q1 2024 Earnings Call, Apr 25, 2024
Apr. 25 Independence Realty Trust Q1 Core FFO Flat, Revenue Down; 2024 Outlook Maintained -- Shares Rise Pre-Bell MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,275 1,269 5,700 3,774 3,434 3,565 - -
Enterprise Value (EV) 1 2,254 2,201 8,370 6,390 5,916 5,762 5,670 5,559
P/E ratio 27.6 x 83.9 x 63 x 31.8 x -191 x 47.3 x 47.5 x 47.7 x
Yield 5.11% 4.02% 1.86% 3.2% 4.05% 4.02% 4.18% 4.59%
Capitalization / Revenue 6.29 x 6.01 x 22.8 x 6.02 x 5.2 x 5.47 x 5.26 x 5.1 x
EV / Revenue 11.1 x 10.4 x 33.5 x 10.2 x 8.97 x 8.84 x 8.37 x 7.95 x
EV / EBITDA 21.8 x 20.9 x 65 x 18.4 x 16.1 x 16.4 x 15.4 x 14.5 x
EV / FCF 76.7 x 19.4 x 901 x 38.6 x 24.4 x 22.9 x 21 x -
FCF Yield 1.3% 5.14% 0.11% 2.59% 4.1% 4.37% 4.76% -
Price to Book 2.09 x - - 1.05 x 1 x 0.98 x 1.01 x 1.03 x
Nbr of stocks (in thousands) 90,566 94,508 220,679 223,841 224,429 224,782 - -
Reference price 2 14.08 13.43 25.83 16.86 15.30 15.86 15.86 15.86
Announcement Date 2/12/20 2/10/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 202.6 211.2 249.5 627.4 659.8 652 677.3 699.4
EBITDA 1 103.2 105.3 128.9 346.9 366.8 350.6 368.4 384.1
EBIT 1 50.37 44.65 51.94 94.03 147.8 143.2 153 162.3
Operating Margin 24.86% 21.15% 20.82% 14.99% 22.41% 21.96% 22.6% 23.21%
Earnings before Tax (EBT) 1 46.35 14.88 - 120.7 -17.81 60.77 83.09 85.66
Net income 1 45.9 14.77 44.59 117.2 -17.23 77.45 70.35 68.63
Net margin 22.65% 6.99% 17.87% 18.69% -2.61% 11.88% 10.39% 9.81%
EPS 2 0.5100 0.1600 0.4100 0.5300 -0.0800 0.3350 0.3337 0.3325
Free Cash Flow 1 29.38 113.2 9.284 165.6 242.8 252 270 -
FCF margin 14.5% 53.6% 3.72% 26.39% 36.79% 38.65% 39.87% -
FCF Conversion (EBITDA) 28.47% 107.46% 7.21% 47.73% 66.18% 71.88% 73.3% -
FCF Conversion (Net income) 64.01% 766.49% 20.82% 141.2% - 325.36% 383.78% -
Dividend per Share 2 0.7200 0.5400 0.4800 0.5400 0.6200 0.6380 0.6635 0.7283
Announcement Date 2/12/20 2/10/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 60.59 76.8 150 154.6 160.3 162.5 161.1 163.6 168.4 166.7 160.3 160.7 163.8 165.1 165.6
EBITDA 1 31.43 42.3 81.38 83.23 89.26 93.02 87.59 89.16 94.42 95.64 84.68 85.61 87.96 91.08 89.56
EBIT 1 14.05 16.09 3.201 10.44 39.54 40.86 34.06 35.17 38.87 39.74 30.96 34.72 36.44 38.38 40.38
Operating Margin 23.18% 20.95% 2.13% 6.75% 24.67% 25.14% 21.14% 21.5% 23.08% 23.83% 19.31% 21.61% 22.25% 23.25% 24.38%
Earnings before Tax (EBT) 1 11.56 - 76.88 - 16.65 34.52 8.872 - - -41.65 17.96 15.37 13.89 15.18 19.55
Net income 1 11.5 28.62 74.6 -7.205 16.22 33.63 8.648 10.71 3.93 -40.52 17.58 16.59 17.88 19.48 13.78
Net margin 18.98% 37.26% 49.74% -4.66% 10.12% 20.7% 5.37% 6.55% 2.33% -24.3% 10.96% 10.32% 10.92% 11.8% 8.32%
EPS 2 0.1100 0.2300 0.3400 -0.0300 0.0700 0.1500 0.0400 0.0500 0.0200 -0.1800 0.0800 0.0900 0.0900 0.0900 0.0716
Dividend per Share 2 0.1200 0.1200 0.1200 0.1400 0.1400 0.1400 0.1400 0.1600 0.1600 0.1600 0.1589 0.1600 0.1600 0.1600 0.1645
Announcement Date 10/27/21 2/16/22 5/3/22 7/27/22 10/26/22 2/15/23 4/26/23 7/26/23 10/30/23 2/14/24 4/24/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 979 932 2,669 2,616 2,482 2,197 2,105 1,994
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 9.487 x 8.848 x 20.72 x 7.54 x 6.767 x 6.267 x 5.714 x 5.192 x
Free Cash Flow 1 29.4 113 9.28 166 243 252 270 -
ROE (net income / shareholders' equity) 7.42% 1.09% 2.13% 3.31% 1.65% 1.49% 1.95% 2.26%
ROA (Net income/ Total Assets) 2.76% 0.88% - 1.8% 0.91% 1.39% 1.19% 1.27%
Assets 1 1,662 1,678 - 6,519 -1,900 5,552 5,907 5,401
Book Value Per Share 2 6.730 - - 16.10 15.30 16.20 15.70 15.30
Cash Flow per Share 2 0.8300 0.7900 0.4800 1.120 1.170 1.210 1.330 1.350
Capex 1 45.6 37.4 43 84 147 118 55 35.8
Capex / Sales 22.52% 17.71% 17.22% 13.38% 22.22% 18.17% 8.11% 5.12%
Announcement Date 2/12/20 2/10/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Independence Realty Trust, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
15.86 USD
Average target price
17.55 USD
Spread / Average Target
+10.63%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Residential REITs
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