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

15.06 0.26 −1.70%
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) Free cash flow margin

Alert me on Free cash flow margin

Independence Realty Trust, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 30.1%, up 9.8 percentage points from fiscal 2025 (20.3%). Over the past ten years it has ranged from −85.2% (fiscal 2017) to 42.4% (fiscal 2023); the current reading is higher than 73% of that period. That is above the Reit Residential industry median of 27.6% and above the Real Estate sector median of 9.51%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 20.3% (16.73)
FY2024 37.0% (5.35)
FY2023 42.4% 17.63
FY2022 24.8% 5.87
FY2021 18.9% 42.28
FY2020 −23.4% (7.95)
FY2019 −15.5% 68.70
FY2018 −84.2% 1.07
FY2017 −85.2% (98.58)
FY2016 13.4% 11.02

Against its own ten years

Low −85.2% High 42.4%
Ten-year median 13.4%
Current reading's percentile 73

Free cash flow margin against peers

Company Free cash flow margin
CSR Centerspace compare 176.5%
AMH American Homes 4 Rent compare 46.4%
IRT Independence Realty Trust, Inc. 30.1%
ELS Equity Lifestyle Properties, Inc. compare 23.6%
JAN Janus Living, Inc. compare 23.2%
CPT Camden Property Trust compare 11.1%
UDR United Dominion Realty Trust, Inc. compare 3.89%
MRP Millrose Properties, Inc. compare 0.00%
UMH UMH Properties, Inc. compare −33.7%
Reit Residential industry median 27.6%
Real Estate sector median 9.51%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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