Earnings summaries and quarterly performance for INDEPENDENCE REALTY TRUST.
Executive leadership at INDEPENDENCE REALTY TRUST.
Board of directors at INDEPENDENCE REALTY TRUST.
Research analysts who have asked questions during INDEPENDENCE REALTY TRUST earnings calls.
AW
Austin Wurschmidt
KeyBanc Capital Markets Inc.
6 questions for IRT
Also covers: AHR, AIV, AMH +20 more
Brad Heffern
RBC Capital Markets
6 questions for IRT
Also covers: ADC, AMH, AVB +17 more
Eric Wolfe
Citi
5 questions for IRT
Also covers: AMH, AVB, CPT +13 more
John Kim
BMO Capital Markets
5 questions for IRT
Also covers: AIV, ALX, ARDX +34 more
Ami Probandt
UBS
4 questions for IRT
Also covers: ADC, AVB, CPT +5 more
OO
Omotayo Okusanya
Deutsche Bank AG
4 questions for IRT
Also covers: AMH, ARE, AVB +43 more
Jamie Feldman
Wells Fargo & Company
3 questions for IRT
Also covers: ADC, AMH, ARE +19 more
John Pawlowski
Green Street
3 questions for IRT
Also covers: AIV, AMH, AVB +15 more
Linda Tsai
Jefferies
3 questions for IRT
Also covers: ADC, AKR, AMH +32 more
AC
Ann Chan
Green Street
2 questions for IRT
Also covers: AVB, ELME, MAA +1 more
AC
Anne Chen
Green Street Advisors
1 question for IRT
BO
Barry Oxford
Colliers
1 question for IRT
Also covers: BRT, CHCT, CIO +8 more
James Feldman
Wells Fargo
1 question for IRT
Also covers: AMH, ARE, AVB +16 more
Mason P. Guell
Baird
1 question for IRT
Also covers: ARE, CPT, CSR +2 more
MG
Mazen Gale
Baird
1 question for IRT
MG
Mazen Ghaul
Baird
1 question for IRT
MG
Michael Gorman
BTG Pactual
1 question for IRT
Also covers: BNL, CSR, CTO +14 more
Rich Hightower
Barclays
1 question for IRT
Also covers: ADC, AMH, APLE +25 more
WG
Wesley Golladay
Robert W. Baird & Co.
1 question for IRT
Also covers: ADC, AHR, ARE +25 more
Recent press releases and 8-K filings for IRT.
Independence Realty Trust Reports Q4 and Full-Year 2025 Results, Provides 2026 Guidance
IRT
Earnings
Guidance Update
Share Buyback
- Independence Realty Trust (IRT) reported Core FFO per share of $0.32 for Q4 2025 and $1.17 for the full year, with same-store NOI growth of 1.8% in Q4 and 2.4% for the full year.
- For 2026, the company established EPS guidance between $0.21 and $0.28 per share and Core FFO guidance in the range of $1.12 to $1.16 per share, projecting same-store NOI growth of 80 basis points at the midpoint.
- Strategic capital allocation in Q4 2025 included the sale of a community for $50 million, the acquisition of another for $30 million, and the repurchase of 1.9 million common shares for $30 million. Additionally, IRT secured a new $350 million 4-year unsecured term loan.
- The company's value-add program renovated 2,003 units in 2025, achieving an average unlevered ROI of 15.3%, with plans to renovate 2,000 to 2,500 units in 2026.
Feb 12, 2026, 2:00 PM
INDEPENDENCE REALTY TRUST Reports Q4 and Full-Year 2025 Results and Provides 2026 Guidance
IRT
Earnings
Guidance Update
Share Buyback
- INDEPENDENCE REALTY TRUST (IRT) reported Core FFO per share of $0.32 for Q4 2025 and $1.17 for the full year 2025, with same-store Net Operating Income (NOI) growth of 1.8% in Q4 and 2.4% for the full year.
- For 2026, the company issued EPS guidance between $0.21 and $0.28 per share and Core FFO guidance between $1.12 and $1.16 per share, anticipating same-store NOI growth of 80 basis points at the midpoint, driven by 1.7% revenue growth.
- In 2025, IRT repurchased 1.9 million shares for $30 million and secured a new $350 million 4-year unsecured term loan, which allowed for the repayment of existing debt and eliminated debt maturities until 2028.
- The company plans to renovate 2,000 to 2,500 units in 2026 and expand its Wi-Fi initiative to 63 communities, expecting market fundamentals to improve with job and population growth outpacing national averages in its key markets.
Feb 12, 2026, 2:00 PM
Independence Realty Trust Reports Q4 and Full Year 2025 Results, Issues 2026 Guidance
IRT
Earnings
Guidance Update
Share Buyback
- Independence Realty Trust (IRT) reported Core FFO per share of $0.32 for Q4 2025 and $1.17 for the full year 2025, both in line with guidance. Same-store Net Operating Income (NOI) grew 1.8% in Q4 2025 and 2.4% for the full year, exceeding initial guidance.
- For 2026, IRT established Core FFO guidance in the range of $1.12-$1.16 per share and EPS guidance between $0.21 and $0.28 per share. The company anticipates same-store NOI to increase by 80 basis points at the midpoint, driven by 1.7% same-store revenue growth and a 3.4% increase in total same-store operating expenses.
- In 2025, IRT purchased 1.9 million of its shares at an average price of $16 per share. The company expects market fundamentals to improve in 2026, with job and population growth in their markets forecasted to outpace the national average. They plan to renovate 2,000 to 2,500 units in 2026, targeting returns consistent with historical results.
Feb 12, 2026, 2:00 PM
Independence Realty Trust Announces Q4 and Full Year 2025 Financial Results
IRT
Earnings
Guidance Update
Debt Issuance
- Independence Realty Trust reported Full Year 2025 EPS of $0.24 and CFFO per share of $1.17, with Same-Store Portfolio NOI growth of 2.4%. For the fourth quarter of 2025, EPS was $0.14 and CFFO per share was $0.32.
- The company achieved 95.6% Same-Store Portfolio Occupancy at the end of Q4 2025 and completed 2,003 Value Add renovations in Full Year 2025, which generated an average ROI of 15.3%.
- IRT maintained a strong balance sheet with Net Debt to Adjusted EBITDA of 5.7x at year-end 2025 , repurchased 1.9 million shares for $30.0 million during Q4 2025 , and refinanced 2026 and 2027 debt maturities with a new $350 million unsecured term loan in February 2026.
- For Full Year 2026, the company provided guidance of EPS between $0.21 and $0.28, CFFO per share between $1.12 and $1.16, and Same-Store NOI growth between (0.6%) and 2.2%.
Feb 11, 2026, 9:05 PM
Independence Realty Trust Announces Q4 and Full Year 2025 Financial Results
IRT
Earnings
Guidance Update
Share Buyback
- Independence Realty Trust (IRT) announced full year 2025 EPS of $0.24 and CFFO per share of $1.17, alongside a 2.4% same-store portfolio NOI growth.
- For 2026, IRT provided guidance with EPS expected between $0.21 and $0.28, CFFO per share between $1.12 and $1.16, and same-store NOI growth projected from (0.6%) to 2.2%.
- During Q4 2025, IRT repurchased approximately 1.9 million shares for $30.0 million, with $220.0 million remaining under its stock repurchase program as of December 31, 2025.
- The company maintained a strong balance sheet with Net Debt to Adjusted EBITDA of 5.7x at year-end 2025 and secured a new $350 million unsecured term loan in February 2026 to refinance debt maturities through 2027.
Feb 11, 2026, 9:05 PM
Independence Realty Trust Reports Q3 2025 Results
IRT
Earnings
Guidance Update
New Projects/Investments
- Independence Realty Trust (IRT) reported Q3 2025 Core FFO per share of $0.29, aligning with expectations, and saw same-store Net Operating Income (NOI) grow 2.7%. This growth was driven by a 1.4% increase in same-store revenue and a 70 basis point decrease in operating expenses over the prior year.
- Operational highlights include 95.6% occupancy at quarter-end, a 20 basis point improvement from Q2, and a resident retention rate of 60.4%. Bad debt significantly improved to 93 basis points of same-store revenue.
- IRT acquired two Orlando communities for $155 million at an average economic cap rate of 5.8% and completed 788 value-add renovations during the quarter, achieving a 15% return on investment.
- The company narrowed its full-year 2025 guidance ranges for same-store revenue and expense burden, keeping midpoints unchanged, and maintained its Core FFO per share midpoint at $1.175. Acquisition guidance was reduced to $215 million and disposition guidance to $161 million.
- Management observed easing supply pressures and "green shoots" in several markets, with new deliveries in IRT submarkets declining 56% from 2023 to 2024 quarterly averages.
Oct 30, 2025, 1:00 PM
Independence Realty Trust Reports Q3 2025 Financial Results and Operational Highlights
IRT
Earnings
Guidance Update
New Projects/Investments
- Independence Realty Trust reported Q3 2025 Corporate FFO per share of $0.29, in line with expectations, and achieved 2.7% same-store NOI growth, driven by a 1.4% increase in same-store revenue and a 70 basis point decrease in operating expenses.
- The company maintained strong operational metrics with 95.6% occupancy at quarter-end, a 20 basis point improvement from Q2, and a 60.4% resident retention rate. Bad debt significantly improved to 93 basis points of same-store revenue, a 76 basis point improvement year-over-year.
- IRT completed 788 value-add renovations in Q3 2025, achieving an average monthly rent increase of approximately $250 and a 15% weighted average ROI. The company also acquired two communities in Orlando for $155 million at a 5.8% economic cap rate.
- Full-year 2025 Core FFO per share guidance remains unchanged at a midpoint of $1.175, while acquisition guidance was updated to $215 million and disposition guidance to $161 million. The net debt to adjusted EBITDA ratio was 6 times as of September 30, with an expectation to improve to the mid-fives in Q4.
- Market fundamentals show "green shoots" with new deliveries in IRT submarkets declining 56% from 2023 to 2024 quarterly averages and supply forecasted to grow by less than 2% per year. However, some markets like Raleigh, Dallas, Denver, and Huntsville continue to experience supply pressures and concessions.
Oct 30, 2025, 1:00 PM
Independence Realty Trust Reports Q3 2025 Results and Updates Full-Year Guidance
IRT
Earnings
Guidance Update
M&A
- Independence Realty Trust (IRT) reported Q3 2025 Core FFO per share of $0.29, in line with expectations, and same-store NOI growth of 2.7%.
- The company achieved 95.6% occupancy, a 20 basis point improvement from Q2, and a 60.4% resident retention rate. Bad debt improved significantly, representing 93 basis points of same-store revenue.
- IRT acquired two communities in Orlando for $155 million and completed 788 value-add renovations with a 15% return on investment.
- For full-year 2025, the Core FFO per share guidance midpoint remains $1.175, though acquisition and disposition guidance ranges were reduced due to timing.
- Market fundamentals show "green shoots" with easing supply pressures and positive net absorption in over half of IRT's markets, including Atlanta where occupancy increased 60 basis points and asking rents rose 5%.
Oct 30, 2025, 1:00 PM
Independence Realty Trust Announces Third Quarter 2025 Financial Results
IRT
Earnings
Guidance Update
New Projects/Investments
- Independence Realty Trust reported Q3 2025 EPS of $0.03 and CFFO per share of $0.29, which were in line with expectations.
- The company achieved 2.7% Same-Store Net Operating Income (NOI) growth for the quarter ended September 30, 2025, driven by a 1.4% increase in rental revenue and a 0.7% decrease in property operating expenses.
- Same-store occupancy stood at 95.6% at the end of Q3 2025, with a 60.4% resident retention rate.
- During Q3 2025, IRT acquired two communities in Orlando for an aggregate purchase price of $155 million and completed 788 renovations in its value-add program, achieving an average return on investment of 14.8%.
- The company reaffirmed its Full Year 2025 Guidance Midpoints and maintained a strong balance sheet with net debt to Adjusted EBITDA of 6.0x and approximately $628.1 million in liquidity as of September 30, 2025.
Oct 29, 2025, 8:05 PM
Independence Realty Trust Announces Q3 2025 Financial Results
IRT
Earnings
Guidance Update
New Projects/Investments
- Independence Realty Trust reported Q3 2025 EPS of $0.03 and CFFO per share of $0.29, alongside 2.7% same-store Net Operating Income (NOI) growth for the quarter ended September 30, 2025.
- The company maintained strong operational metrics with 95.6% same-store occupancy and a 60.4% resident retention rate in Q3 2025. During the quarter, 788 units were renovated in the value-add program, achieving an average return on investment of 14.8%.
- Investment activity included the acquisition of two communities in Orlando for an aggregate purchase price of $155 million. The company's full-year 2025 guidance midpoints were reaffirmed, with the EPS guidance updated to $0.27-$0.28 from a previous range of $0.475-$0.535.
Oct 29, 2025, 8:05 PM
Quarterly earnings call transcripts for INDEPENDENCE REALTY TRUST.
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