Independence Realty ( (IRT) ) has shared an announcement.
In its recent investor presentation, Independence Realty Trust highlighted its strategic milestones achieved in 2024, including raising $268 million in equity capital and acquiring three communities to expand its market presence. The company reduced leverage and achieved an investment-grade issuer rating. For 2025, IRT provided guidance indicating strong improvement in fundamentals, with expected growth in net operating income and core funds from operations per share. The company plans to continue its Value Add renovation program, which has historically generated significant returns, and aims to leverage its liquidity and flexible balance sheet to drive further growth.
More about Independence Realty
Independence Realty Trust, Inc. (IRT) is a real estate investment trust that focuses on owning and operating multifamily apartment communities. The company primarily invests in well-located properties within high-growth markets, with a significant presence in the Sunbelt region, accounting for 73% of its net operating income. IRT’s portfolio includes 113 communities with 33,615 units, and the company is recognized for its disciplined capital allocation, flexible balance sheet, and strong corporate governance.
YTD Price Performance: 8.05%
Average Trading Volume: 1,747,748
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.06B
Learn more about IRT stock on TipRanks’ Stock Analysis page.