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) Operating margin

Alert me on Operating margin

Independence Realty Trust, Inc.'s operating margin over the twelve months to 30 September 2026 was 16.6%, down 1.7 percentage points from fiscal 2025 (18.2%). Over the past ten years it has ranged from 9.29% (fiscal 2015) to 28.2% (fiscal 2017); the current reading is higher than 27% of that period. That is below the Reit Residential industry median of 20.6% and below the Real Estate sector median of 17.8%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 18.2% (1.38)
FY2024 19.6% (2.62)
FY2023 22.2% 6.01
FY2022 16.2% (4.39)
FY2021 20.6% (0.06)
FY2020 20.7% (4.12)
FY2019 24.8% (2.31)
FY2018 27.1% (1.08)
FY2017 28.2% 2.32
FY2016 25.9% 16.57

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 16.7% 1.20
Jun 2026 15.5% 2.36
Mar 2026 13.2% (7.66)
Dec 2025 20.8% 2.57
43 more quarters

Against its own ten years

Low 9.29% High 28.2%
Ten-year median 20.7%
Current reading's percentile 16

Operating margin against peers

Company Operating margin
MRP Millrose Properties, Inc. compare 85.2%
CSR Centerspace compare 56.1%
UDR United Dominion Realty Trust, Inc. compare 52.2%
ELS Equity Lifestyle Properties, Inc. compare 34.6%
UMH UMH Properties, Inc. compare 18.4%
CPT Camden Property Trust compare 17.9%
IRT Independence Realty Trust, Inc. 16.6%
AMH American Homes 4 Rent compare 0.00%
JAN Janus Living, Inc. compare −3.47%
Reit Residential industry median 20.6%
Real Estate sector median 17.8%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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