IRT - NYSE

Independence Realty Trust, Inc.

Independence Realty Trust, Inc.

IRTยทNYSE

$16.43

+1.1%
Real EstateREIT - Residential

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$3.87B
EPS0.2400
P/E Ratio68.44
Earnings Date07/29/2026
Independence Realty Trust, Inc.

Independence Realty Trust, Inc. Fair Value Envelope

IRT ยท NYSE

Our analysis suggests that IRT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $16.425, this represents a potential HIDDEN relative to our calculated worth for Independence Realty Trust, Inc..

HIDDEN
Intrinsic Value
Current Price: $16.425

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$557.5B
+ Cash & Equivalents$47.6M
Firm Value$557.5B
- Debt$2.3B
Equity Value$555.3B
/ Shares Outstanding230,742,788B
DCF Value$2.4K
UNDERVALUED BY 14551%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$488.2M
$844.6M
$1.5B
$2.5B
$4.4B
$7.6B
$13.1B
$22.7B
$39.2B
$67.8B
Maintenance CapEx
-$46.9M
-$81.2M
-$140.5M
-$243.1M
-$420.5M
-$727.5M
-$1.3B
-$2.2B
-$3.8B
-$6.5B
Owner Earnings
$441.2M
$763.4M
$1.3B
$2.3B
$4.0B
$6.8B
$11.8B
$20.5B
$35.4B
$61.3B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$408.5M
$654.5M
$1.0B
$1.7B
$2.7B
$4.3B
$6.9B
$11.1B
$17.7B
$28.4B
Terminal Value represents 86.6% of Enterprise Value

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1

Snapshot

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2

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3

Statements

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4

Earnings Call

Read management commentary and compare it with reported outcomes.

5

Dividends

Check payout sustainability and long-term distribution behavior.

6

Analyst Expectations

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