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) Gross margin

Alert me on Gross margin

Independence Realty Trust, Inc.'s gross margin over the twelve months to 30 September 2026 was 58.7%, down 0.4 percentage points from fiscal 2025 (59.1%). Over the past ten years it has ranged from 54.4% (fiscal 2015) to 59.2% (fiscal 2022); the current reading is higher than 91% of that period. That is in line with the Reit Residential industry median of 58.7% and below the Real Estate sector median of 62.8%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 59.1% 0.54
FY2024 58.5% (0.42)
FY2023 58.9% (0.28)
FY2022 59.2% 0.29
FY2021 58.9% 2.10
FY2020 56.8% (0.22)
FY2019 57.1% 0.62
FY2018 56.4% 0.30
FY2017 56.1% 0.46
FY2016 55.7% 1.26

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 58.2% 0.80
Jun 2026 57.4% (0.08)
Mar 2026 57.4% (4.30)
Dec 2025 61.7% 3.38
43 more quarters

Against its own ten years

Low 54.4% High 59.2%
Ten-year median 57.1%
Current reading's percentile 67

Gross margin against peers

Company Gross margin
CSR Centerspace compare 86.2%
MRP Millrose Properties, Inc. compare 85.3%
CPT Camden Property Trust compare 64.0%
UDR United Dominion Realty Trust, Inc. compare 62.5%
IRT Independence Realty Trust, Inc. 58.7%
UMH UMH Properties, Inc. compare 54.8%
ELS Equity Lifestyle Properties, Inc. compare 53.7%
JAN Janus Living, Inc. compare 27.6%
AMH American Homes 4 Rent compare 0.00%
Reit Residential industry median 58.7%
Real Estate sector median 62.8%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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