Independence Realty Trust IRT
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Independence Realty Trust (IRT) Business Model and Operations Summary
Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.
Key Insights
Independence Realty Trust (IRT) Core Market Data and Business Metrics
Latest Closing Price
$21.36Market Cap
$4.93 BillionPrice-Earnings Ratio
125.65Total Outstanding Shares
231.12 Million SharesTotal Employees
917Dividend
$0.16 Per Share QuarterlyIPO Date
August 13, 2013SIC Description
Real Estate Investment TrustsPrimary Exchange
New York Stock ExchangeHeadquarters
1835 Market Street, Philadelphia, PA, 19103
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Cash Flow Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Operating Activities, Continuing | $259.75 Million |
| Net Cash Flow From Financing Activities | $-246.43 Million |
| Net Cash Flow, Continuing | $-7.28 Million |
| Net Cash Flow From Investing Activities, Continuing | $-20.61 Million |
| Net Cash Flow From Financing Activities, Continuing | $-246.43 Million |
| Net Cash Flow From Operating Activities | $259.75 Million |
Income Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Preferred Stock Dividends And Other Adjustments | $0 |
| Diluted Earnings Per Share | $0.17 |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0 |
| Net Income/Loss | $40.03 Million |
| Depreciation and Amortization | $220.85 Million |
| Net Income/Loss Attributable To Noncontrolling Interest | $742,000 |
Comprehensive Income
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $738,000 |
| Other Comprehensive Income/Loss | $548,000 |
| Comprehensive Income/Loss Attributable To Parent | $39.84 Million |
| Comprehensive Income/Loss | $40.58 Million |
Balance Sheet
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Liabilities And Equity | $6.06 Billion |
| Liabilities | $2.48 Billion |
| Noncurrent Assets | $0 |
| Noncurrent Liabilities | $0 |
| Equity Attributable To Parent | $3.44 Billion |
| Assets | $6.06 Billion |
Historical Dividends
Current dividend: $0.16 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Mar 10, 2025 | Apr 21, 2025 | Mar 28, 2025 | $0.16 | Quarterly |
| Dec 16, 2024 | Jan 17, 2025 | Dec 31, 2024 | $0.16 | Quarterly |
| Sep 17, 2024 | Oct 18, 2024 | Sep 30, 2024 | $0.16 | Quarterly |
| Jun 10, 2024 | Jul 19, 2024 | Jun 28, 2024 | $0.16 | Quarterly |
| Mar 11, 2024 | Apr 19, 2024 | Mar 29, 2024 | $0.16 | Quarterly |
| Dec 11, 2023 | Jan 19, 2024 | Dec 29, 2023 | $0.16 | Quarterly |