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Independence Realty Trust

IRT

Market cap $3.62B

15.34 USD

+0.15

0.99%

At close Updated Sep 14, 4:00 PM EDT

Pre-market

After hours

15.34

0.00

0%

1 day

0.99%

5 days

-5.43%

1 month

-9.92%

3 months

-7.53%

6 months

-2.42%

Year to date

-12.84%

1 year

-10.76%

5 years

-23.87%

10 years

56.69%

About: Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.

Employees: 904

Real Estate Residential REIT

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 20%

Neutral 66.7%

Negative 13.3%

Centerspace Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Centerspace - CSR

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Centerspace (NYSE: CSR) to Independence Realty Trust, Inc. (NYSE: IRT). Under the terms of the proposed transaction, shareholders of Centerspace will receive 3.800 shares of Independence Realty common stock for each share of Centerspace that they own. KSF is seeking to determine whether this conside.

Centerspace Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Centerspace - CSR

The Motley Fool

Why Independence Realty Trust Stock Sank Today

If all goes well, it should combine with Centerspace by the end of the year. Investors didn't seem appreciative of the fact that this will considerably widen its geographic footprint.

Why Independence Realty Trust Stock Sank Today

IRT Stock Alert: Halper Sadeh LLC is Investigating Whether Independence Realty Trust, Inc. is Obtaining a Fair Price for its Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating the merger of Independence Realty Trust, Inc. (NYSE: IRT) and Centerspace. Upon closing of the proposed transaction, Independence Realty shareholders will own approximately 78% of the combined company.Halper Sadeh encourages Independence Realty shareholders to click here to learn more about their rights and options or contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or sadeh@halpersa.

IRT Stock Alert: Halper Sadeh LLC is Investigating Whether Independence Realty Trust, Inc. is Obtaining a Fair Price for its Shareholders

Independence Realty Trust and Centerspace Agree to $8.1 Billion Merger

Independence Realty Trust and Centerspace agreed to a merger, creating a middle-market apartment real-estate investment trust valued at $8.1 billion, including debt.

Independence Realty Trust and Centerspace Agree to $8.1 Billion Merger

Independence Realty Trust and Centerspace to Merge in $8.1 Billion Combination

PHILADELPHIA & MINNEAPOLIS--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) ("IRT") and Centerspace (NYSE: CSR) ("Centerspace") today announced that they have entered into a definitive merger agreement under which Centerspace and IRT will combine in an all-stock transaction, creating a leading middle-market multifamily REIT focused on high-growth, non-gateway markets. The combined company is expected to have a pro forma equity market capitalization of approximately $5.0 billion and.

Independence Realty Trust and Centerspace to Merge in $8.1 Billion Combination

Independence Realty Trust Declares Third Quarter 2026 Dividend

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announces that its board of directors approved a quarterly dividend of $0.18 per share of IRT common stock. The third quarter 2026 dividend is payable on October 23, 2026, to shareholders of record at the close of business on September 30, 2026. About IRT Independence Realty Trust, Inc. (NYSE: IRT), an S&P 400 MidCap Company, is a real estate investment trust that owns and operates multifamily communities, ac.

Independence Realty Trust Declares Third Quarter 2026 Dividend

Sector Spotlight: Multifamily REITs - The Wait For Lower Rates Is Over

Multifamily REITs, once buoyed by pandemic rent surges, now trade at a discounted 14.3x forward FFO versus pre-COVID multiples near 21x. Rent growth has normalized, with geographic supply imbalances dictating local performance; Sun Belt markets face supply overhangs, while others may see modest gains. Rising interest rates have tightened refinancing options, potentially catalyzing M&A activity as owners weigh costly debt versus outright sales.

Sector Spotlight: Multifamily REITs - The Wait For Lower Rates Is Over

Losers Of REIT Earnings Season

Not Every REIT Joined The Recovery: Part 2 focuses on the relatively small group of laggards where company-specific credit, legal, refinancing, or asset-level issues overshadowed an otherwise very strong earnings. Weakness Was More Company-Specific Than Sector-Wide: Empire State Realty's Observatory shortfall, JBG Smith's adverse Wardman Tower ruling, Community Healthcare's dividend cut, and several troubled mortgage portfolios drove some individual downside. Mortgage Stress Hasn't Fully Cleared: Commercial mREIT book values fell nearly 5% on average as office, lab space, and multifamily credit problems persisted for some sponsors.

Losers Of REIT Earnings Season

Independence Realty Trust: From Patience To Payoff (Rating Upgrade)

Independence Realty Trust is upgraded to 'Buy' following Q2 2026 results, reflecting improved fundamentals and execution. Q2 2026 saw CFFO of $0.28/share, dividend raised 5.9%, and NOI growth guidance increased, driven by robust value-add renovations. IRT's value-add program accelerates, targeting 3,000–4,000 annual renovations with 16.4% ROI, fully funded by free cash flow.

Independence Realty Trust: From Patience To Payoff (Rating Upgrade)

Independence Realty Trust Q2 Earnings Call Highlights

Independence Realty Trust NYSE: IRT said improving apartment market conditions, reduced concessions and a new community Wi-Fi program supported stronger operating results in the second quarter of 2026, prompting the company to raise the midpoint of its full-year same-store net operating income guidance.

Independence Realty Trust Q2 Earnings Call Highlights

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