INDEPENDENCE REALTY TRUST, INC.
Independence Realty Trust, Inc. (NYSE: IRT) is a self-administered and self-managed real estate investment trust that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. The company operates through its operating partnership, Independence Realty Operating… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What INDEPENDENCE REALTY TRUST, INC. does
In the company’s own words
Independence Realty Trust, Inc. (NYSE: IRT) is a self-administered and self-managed real estate investment trust that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. The company operates through its operating partnership, Independence Realty Operating Partnership, LP, and conducts business in a traditional umbrella partnership REIT structure. More information is available at www.irtliving.com.
As of December 31, 2025, IRT owned and operated 114 multifamily apartment properties containing an aggregate of 33,462 units located in Southeastern and Midwestern states including Alabama, Colorado, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, and Texas. The company also owns one investment in real estate under development in Denver, Colorado that will contain 296 units upon completion, and holds interests in four unconsolidated joint ventures developing or operating multifamily properties containing an aggregate of 1,295 units.
The company's primary business objective is to provide attractive risk-adjusted returns to stockholders through diligent portfolio management, strong operational performance, and consistent returns on capital through distributions and capital appreciation. IRT's investment strategy focuses on gaining scale near major employment centers within key amenity-rich submarkets of non-gateway cities, increasing cash flows at existing properties through prudent management and strategic renovations through its Value Add Initiative, and acquiring properties with stable occupancies or repositioning potential.
IRT's Value Add Initiative, commenced in 2018, currently has a pipeline of 18,789 units across 61 properties identified for renovation and upgrade. Through December 31, 2025, the company renovated 11,445 units at an average cost per unit of $17,372, achieving a return on renovation costs of approximately 16.1 percent.
The company employs 904 employees, all based in the United States and none covered by collective bargaining agreements. IRT operates through two reportable segments: same-store and non same-store properties. The company's wholly owned subsidiary, IRT Management, LLC, provides full-service apartment property management services for all company-owned units.
Company details
- Sector
- Real Estate
- Industry
- REITs
- Headquarters
- PHILADELPHIA, PA
- Fiscal year end
- December
- CIK
- 1466085
- SIC
- 6798
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns INDEPENDENCE REALTY TRUST, INC. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · INDEPENDENCE REALTY TRUST, INC.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
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