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. In the quarter to June 2026, revenue grew 3.12%, EPS fell 51.7%, free cash flow fell 14.4% and total debt rose 8.60%, each against the same quarter a year earlier. Dividend growth for three consecutive years.

14.77 0.07 +0.48%
Market cap
$3.6B
P/E
80.1×
Fwd P/E
120×
Dividend yield
4.74%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

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

Alert me on EV/Sales

As of 16 October 2026, Independence Realty Trust, Inc. (IRT) trades at a EV/Sales of 8.8×. Over the past ten years it has ranged from 7.6× (March 2017) to 32.9× (March 2022); the current reading is higher than 10% of that period. That is above the Reit Residential industry median of 8.0× and above the Real Estate sector median of 7.6×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 9.6× (8.16%)
FY2024 10.4× 16.74%
FY2023 8.9× (9.79%)
FY2022 9.9× (69.57%)
FY2021 32.5× 119.39%
FY2020 14.8× 34.04%
FY2019 11.0× 19.35%
FY2018 9.3× (1.27%)
FY2017 9.4× 21.11%
FY2016 7.7× (29.03%)

Quarterly newest first

Period EV/Sales Change
Jun 2026 9.5× 6.16%
Mar 2026 8.9× (6.63%)
Dec 2025 9.6× 3.07%
Sep 2025 9.3× (5.01%)
42 more quarters

Against its own ten years

Low 7.6× High 32.9×
Ten-year median 10.0×
Current reading's percentile 11

EV/Sales against peers

Company EV/Sales
CSR Centerspace compare 7.1×
UMH UMH Properties, Inc. compare 7.3×
SUI Sun Communities, Inc. compare 7.8×
ELS Equity Lifestyle Properties, Inc. compare 7.9×
AMH American Homes 4 Rent compare 8.6×
MAA Mid-America Apartment Communities, Inc. compare 8.6×
IRT Independence Realty Trust, Inc. 8.8×
MRP Millrose Properties, Inc. compare 9.4×
CPT Camden Property Trust compare 9.5×
Reit Residential industry median 8.0×
Real Estate sector median 7.6×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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