Independence Realty Trust, Inc.

IRT Real Estate Reit Residential

Independence Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $657.7 million, up 2.76% from fiscal 2024.

Revenue
+2.97%
EPS
+264.0%
Free cash flow
+235.8%
Total debt
+4.58%

Quarter to September 2026, against a year earlier

15.14 0.18 −1.17%
Market cap
$3.7B
P/E
57.9×
Fwd P/E
92.2×
Dividend yield
4.58%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Independence Realty Trust, Inc. (IRT) Debt to equity

Alert me on Debt to equity

Independence Realty Trust, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.7×, up 0.1× from fiscal 2025 (0.6×). Over the past ten years it has ranged from 0.6× (fiscal 2025) to 2.7× (fiscal 2020) — the current reading is the lowest in ten years. That is below the Reit Residential industry median of 0.8× and below the Real Estate sector median of 0.7×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.6× (2.63%)
FY2024 0.7× (8.66%)
FY2023 0.7× (49.24%)
FY2022 1.4× (5.22%)
FY2021 1.5× (44.01%)
FY2020 2.7× 65.51%
FY2019 1.6× 1.98%
FY2018 1.6× 29.99%
FY2017 1.2× (14.38%)
FY2016 1.4× (43.00%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.7× (1.50%)
Jun 2026 0.7× 1.42%
Mar 2026 0.7× 8.72%
Dec 2025 0.6× 0.08%
43 more quarters

Against its own ten years

Low 0.6× High 2.7×
Ten-year median 1.4×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
JAN Janus Living, Inc. compare 0.0×
ELS Equity Lifestyle Properties, Inc. compare 0.3×
IRT Independence Realty Trust, Inc. 0.7×
AMH American Homes 4 Rent compare 0.7×
MRP Millrose Properties, Inc. compare 0.7×
UMH UMH Properties, Inc. compare 0.9×
CSR Centerspace compare 0.9×
CPT Camden Property Trust compare 1.3×
UDR United Dominion Realty Trust, Inc. compare 1.8×
Reit Residential industry median 0.8×
Real Estate sector median 0.7×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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