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Friday 6 November 2026 Export IRT’s income statement to Excel — free account

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) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Independence Realty Trust, Inc. (IRT) trades at a P/B ratio of 1.0×. Over the past ten years it has ranged from 0.6× (February 2016) to 3.6× (November 2021); the current reading is higher than 30% of that period. That is below the Reit Residential industry median of 1.9× and in line with the Real Estate sector median of 1.0×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 1.1× (8.68%)
FY2024 1.2× 27.86%
FY2023 1.0× (1.19%)
FY2022 1.0× 28.26%
FY2021 0.8× (56.37%)
FY2020 1.8× (13.50%)
FY2019 2.0× 60.78%
FY2018 1.3× 9.81%
FY2017 1.2× 30.23%
FY2016 0.9× 27.47%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.0× (12.74%)
Jun 2026 1.1× 12.71%
Mar 2026 1.0× (12.25%)
Dec 2025 1.1× 7.55%
43 more quarters

Against its own ten years

Low 0.6× High 3.6×
Ten-year median 1.2×
Current reading's percentile 25

P/B ratio against peers

Company P/B ratio
MRP Millrose Properties, Inc. compare 0.7×
IRT Independence Realty Trust, Inc. 1.0×
CSR Centerspace compare 1.1×
AMH American Homes 4 Rent compare 1.6×
JAN Janus Living, Inc. compare 1.7×
UMH UMH Properties, Inc. compare 2.4×
CPT Camden Property Trust compare 2.7×
UDR United Dominion Realty Trust, Inc. compare 3.8×
ELS Equity Lifestyle Properties, Inc. compare 6.8×
Reit Residential industry median 1.9×
Real Estate sector median 1.0×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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