IRTINDEPENDENCE REALTY TRUST, INC.
Real Estate Investment Trusts
- Revenue
- $658M
- 2.8% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $3.5B
- Employees
- 904
- $728K revenue each
- Net debt / EBITDA
- —
- $2.4B net debt
- AI in 10-K
- 2.7
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo499% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo65% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo98% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$728K · 47th pctBottom quartile of its SIC industry
- Quiet on AINo2.7 per 10K words · 66th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo24.9× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$3.5B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$89K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $250M | $629M | $661M | $640M | $658M | 2.8% |
| Net income | $45M | $117M | −$17M | $39M | $57M | 44% |
| Operating cash flow | $52M | $250M | $262M | $260M | $282M | 8.6% |
| Capex | $177K | — | — | — | — | |
| Stock-based comp | $7M | $8M | $8M | $7M | $8M | 11% |
| Buybacks | — | — | $0 | $0 | $30M | |
| Dividends | $50M | $106M | $135M | $144M | $154M | 7.2% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $89K · 11
- Net
- −$89K
Pay vs performance
No pay-versus-performance disclosure yet.