Independence Realty Trust Inc. Common Stock (IRT)

FairStock Score: 44/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach this as a REIT, so I put depreciation-distorted EPS aside. FairStock’s P/E of 83.00 at the 2026-10-26 close is not the right anchor; FFO/AFFO, the proper measures, are not in the data. What I can see is a $3.5B apartment owner trading at a FairStock P/B of 1.05, a 4.87% dividend yield, and D/E of 0.70. Revenue has been roughly flat: in fiscal year 2025, the year ended 2025-12-31, revenue was $657.7M, versus $640.0M in fiscal year 2024 and $661.0M in fiscal year 2023. Profitability is improving but uneven: in fiscal year 2025, net income was $56.6M, or $0.24 diluted EPS, after a fiscal year 2023 net loss of $17.2M and $0.08 diluted loss; but in fiscal Q2 2026, the quarter ended 2026-06-30, net income was only $3.4M, or $0.01 diluted EPS, and in fiscal Q1 2026, the quarter ended 2026-03-31, net income was -$68,000. FairStock’s TURNAROUND label fits its reason—returned to profit after a loss within the last three years—but the recent margin is thin. TTM FCF is $119.9M, a 3.4% FCF yield, below the 4.87% dividend yield, so coverage needs FFO/AFFO confirmation. Piotroski 5/9 is middling; Altman Z 0.53 and EV/EBITDA 15.58 suggest caution, though for REITs leverage and asset value matter more. At 1.05 times book, the price looks fair, not bargain-bin cheap, and the business needs steadier profit.

In plain English: Independence Realty Trust owns and operates apartment communities in non-gateway U.S. markets. The business looks weak on profits, though revenue is fairly steady and the dividend is high. At $14.94, the shares look roughly fair versus the value of the company's assets, not clearly cheap.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-K (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer