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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
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Independence Realty Trust, Inc. (IRT) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Independence Realty Trust, Inc. (IRT) trades at a EV/EBITDA of 15.9×. Over the past ten years it has ranged from 14.4× (October 2023) to 63.3× (March 2022); the current reading is higher than 8% of that period. That is in line with the Reit Residential industry median of 15.9× and in line with the Real Estate sector median of 15.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 17.1× (10.17%)
FY2024 19.1× 19.52%
FY2023 16.0× (7.86%)
FY2022 17.3× (72.26%)
FY2021 62.4× 110.93%
FY2020 29.6× 38.00%
FY2019 21.4× 19.39%
FY2018 18.0× (3.56%)
FY2017 18.6× 21.26%
FY2016 15.4× (50.27%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 15.4× (9.40%)
Jun 2026 17.0× 5.92%
Mar 2026 16.1× (6.21%)
Dec 2025 17.1× 3.09%
43 more quarters

Against its own ten years

Low 14.4× High 63.3×
Ten-year median 19.7×
Current reading's percentile 8

EV/EBITDA against peers

Company EV/EBITDA
CSR Centerspace compare 6.7×
UDR United Dominion Realty Trust, Inc. compare 10.9×
MRP Millrose Properties, Inc. compare 12.6×
IRT Independence Realty Trust, Inc. 15.9×
UMH UMH Properties, Inc. compare 15.9×
ELS Equity Lifestyle Properties, Inc. compare 16.5×
AMH American Homes 4 Rent compare 17.0×
CPT Camden Property Trust compare 17.1×
JAN Janus Living, Inc. compare 87.3×
Reit Residential industry median 15.9×
Real Estate sector median 15.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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