INDEPENDENCE REALTY TRUST, INC.
Company Stats
- Market Cap
- $3.4B
- as of Sep 30, 2026
- Enterprise Value
- $5.7B
- Shares Outstanding
- 235.7M
- Free Float
- 99.0%
Income Statement
- Revenue
- $657.7M
- Net Income
- $56.6M
- Non-cash Impairment
- $30.8M
- Revenue Growth, 3Y
- 1.5%
- FCF Margin, 3Y Avg
- 39.1%
- FCF Margin, Worst Year
- 36.6%
Cash Flow
- Free Cash Flow
- $275.9M
- FCF Yield
- 8.1%
- Owner FCF Yield
- 7.8%
Balance Sheet
- Cash & Equivalents
- $23.6M
- Total Debt
- $2.3B
- Net Debt
- $2.2B
Returns & Capital
- Dividends Paid
- $154.4M
- Dividend Yield
- 4.5%
- Share Repurchases
- $30.0M
- Buyback Yield, 3Y Avg
- 0.3%
- SBC, 3Y Avg
- $7.5M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $657.7M | $275.9M | 42.0% |
| FY2024 | $640.0M | $247.3M | 38.6% |
| FY2023 | $661.0M | $242.0M | 36.6% |
| FY2022 | $628.5M | $230.6M | 36.7% |
| FY2021 | $250.3M | $52.1M | 20.8% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 30, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
IRT and Centerspace Shareholders Approve Merger With $8.1 Billion Combined Enterprise Value
Stronger demand supports expansion as pricing diverges