IRT on NYSE

INDEPENDENCE REALTY TRUST, INC.

IRT, a Maryland corporation, is a self-administered and self-managed real estate investment trust (“REIT”) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S.4 From its latest annual report

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Last updated Oct 19, 2026.

Overview

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  • TickerIRT on NYSE2
  • IndustryReal Estate Investment Trusts2
  • HeadquartersPhiladelphia, United States2
  • Incorporated inMD3
  • Business address1835 Market Street, Suite 2601, Philadelphia, Pa 191033
  • Filer categoryLarge accelerated filer3
  • Legal formCorporation2
  • Kind of organizationReal estate investment trust2
  • LEI549300Z3L8NU44NQEB292
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O CSC-LAWYERS INCORPORATING SERVICE COMPANY, 21202-1681 Baltimore, United States2
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D129749372

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IRT, a Maryland corporation, is a self-administered and self-managed real estate investment trust (“REIT”) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. As of December 31, 2025, we owned and operated 114 multifamily apartment properties (including one owned through a consolidated joint venture) that contain an aggregate of 33,462 units in the following Southeastern and Midwestern states: Alabama, Colorado, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, and Texas. In addition, as of December 31, 2025, we owned one investment in real estate under development in Denver, Colorado that will, upon completion, contain 296 units. As of December 31, 2025, we also owned interests in four unconsolidated joint ventures, two of which own and operate multifamily apartment propertie…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

8.6%Net margin5
2.8%Revenue growth, 20255
1.6%Return on equity5
0.66×Debt to equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs91¢$601.1M
  • Profit9¢$56.6M

Out of $657.7M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid55¢$154.4M
  • Share buybacks11¢$30.0M
  • Kept or used elsewhere35¢$97.8M

Out of $282.1M of cash from operations.5

Financial statements

Revenue67895$657.7M in 2025+224% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $203.2M$203.2M20192020: $211.9M$211.9M2020+4%2021: $250.3M$250.3M2021+18%2022: $628.5M$628.5M2022+151%2023: $661.0M$661.0M2023+5%2024: $640.0M$640.0M2024−3%2025: $657.7M$657.7M2025+3%
Net income67895$56.6M in 2025+23% since 2019
-$50.0M0$50.0M$100.0M$150.0M2019: $45.9M$45.9M20192020: $14.8M$14.8M2020−68%2021: $44.6M$44.6M2021+202%2022: $117.2M$117.2M2022+163%2023: -$17.2M-$17.2M20232024: $39.3M$39.3M20242025: $56.6M$56.6M2025+44%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 9 quarters (quarterly), latest first.5

Period ending2025-12-312024-12-312023-12-31
Rental and other property revenue$656.5M$638.9M$659.8M
Other revenue$1.2M$1.1M$1.1M
Total revenue$657.7M$640.0M$661.0M
Property operating expenses$239.2M$235.6M$244.3M
Property management expenses$30.1M$29.9M$27.1M
General and administrative expenses$24.0M$24.2M$22.8M
Depreciation and amortization expense$243.2M$220.9M$219.0M
Casualty losses$1.3M$3.9M$925.0K
Total expenses$537.8M$514.5M$514.1M
Interest expense-$79.0M-$76.1M-$89.9M
Gain on sale (loss on impairment) of real estate assets, net$6.1M-$9.9M-$66.5M
(Loss) gain on extinguishment of debt-$67.0K$200.0K-$124.0K
Other Nonoperating Income (Expense)-$352.0K-$1.0K-$427.0K
Income (loss) from investments in unconsolidated real estate entities$11.1M$347.0K-$4.5M
Restructuring costs$0$0-$3.2M
Net income (loss)$57.7M$40.0M-$17.8M
(Income) loss allocated to noncontrolling interest-$1.1M-$742.0K$580.0K
Net income (loss) allocable to common shares$56.6M$39.3M-$17.2M
Basic (in dollars per share)$0.24$0.17-$0.08
Diluted (in dollars per share)$0.24$0.17-$0.08
Basic (in shares)233.9M shares224.8M shares224.4M shares
Diluted (in shares)234.8M shares225.6M shares224.4M shares

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Leadership

Who has led INDEPENDENCE REALTY TRUST, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Scott Schaeffer2013–now

Chair

  1. Scott Schaeffer2013–now

President

  1. Scott Schaeffer2013–2014
  2. Farrell M. Ender2014–2023
  3. James J. Sebra2025–now

Chief financial officer

  1. James J. Sebra2013–now

Chief operating officer

  1. Ella S. Neyland2021–2022
201520202025
Board members and other officers (18)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerMichele J. Weisbaum named Apr 19, 202436
  • DirectorAna Marie J. Del Rio named Apr 28, 2022 to Apr 10, 202637

Former names

  • INDEPENDENCE REALTY TRUST, INCMar 4, 2011 to Jun 19, 20173
  • EMPIRE AMERICAN REALTY TRUST INCJun 19, 2009 to Feb 11, 20113

Timeline

  1. Aug 13, 2013New chief executive Scott Schaeffer becomes CEO14
  2. Mar 26, 2009Founded INDEPENDENCE REALTY TRUST, INC. is founded2

Filings

330 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 69 major events, 147 insider forms, 29 large holders, 23 private raises, 42 other. The latest 20:

  1. Oct 7, 2026EFFECT EDGAR
  2. Oct 7, 2026425 EDGAR
  3. Oct 7, 2026424B3 EDGAR
  4. Oct 5, 2026S-4/A EDGAR
  5. Oct 1, 20264 EDGAR
  6. Sep 24, 20268-K EDGAR
  7. Sep 24, 2026S-4 EDGAR
  8. Sep 23, 2026425 EDGAR
  9. Sep 23, 20268-K EDGAR
  10. Sep 23, 2026425 EDGAR
  11. Sep 23, 20268-K/A EDGAR
  12. Sep 9, 2026425 EDGAR
  13. Sep 9, 2026425 EDGAR
  14. Sep 9, 2026425 EDGAR
  15. Sep 9, 2026425 EDGAR
  16. Sep 9, 20268-K EDGAR
  17. Sep 1, 20264 EDGAR
  18. Aug 13, 2026SCHEDULE 13G/A EDGAR
  19. Aug 4, 202610-Q EDGAR
  20. Aug 3, 20264 EDGAR

The 330 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

21 open-market trades by officers, directors and large owners since October 2021: 0 buys and 21 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 1, 2026Gebert Richard DDirectorSale500$16.16$8.1KForm 4
Aug 3, 2026Gebert Richard DDirectorSale500$16.70$8.3KForm 4
Jul 1, 2026Gebert Richard DDirectorSale500$16.75$8.4KForm 4
Jun 1, 2026Gebert Richard DDirectorSale500$16.15$8.1KForm 4
May 1, 2026Gebert Richard DDirectorSale500$16.33$8.2KForm 4
Apr 1, 2026Gebert Richard DDirectorSale500$14.85$7.4KForm 4
Mar 2, 2026Gebert Richard DDirectorSale500$16.47$8.2KForm 4
Feb 2, 2026Gebert Richard DDirectorSale500$16.73$8.4KForm 4
Jan 2, 2026Gebert Richard DDirectorSale500$17.38$8.7KForm 4
Dec 1, 2025Gebert Richard DDirectorSale500$17.00$8.5KForm 4
Nov 3, 2025Gebert Richard DDirectorSale500$15.74$7.9KForm 4
Oct 1, 2025Gebert Richard DDirectorSale500$16.42$8.2KForm 4
Sep 2, 2025Gebert Richard DDirectorSale500$17.88$8.9KForm 4
Aug 1, 2025Gebert Richard DDirectorSale500$16.90$8.4KForm 4
Jul 1, 2025Gebert Richard DDirectorSale500$17.58$8.8KForm 4
Jun 2, 2025Gebert Richard DDirectorSale500$18.40$9.2KForm 4
May 1, 2025Gebert Richard DDirectorSale500$19.01$9.5KForm 4
Apr 1, 2025SCHAEFFER SCOTTChair Board and CEOSale10,000$21.21$212.1KForm 4
Apr 1, 2025Gebert Richard DDirectorSale500$21.28$10.6KForm 4
Dec 7, 2022SCHAEFFER SCOTTChair Board and CEOSale16,656$17.26$287.5KForm 4

All 21 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Apr 10, 2026Filed a private offering of equity Form D: $1.7 million offered in all Form D
  2. Feb 6, 2024Raised $58,800 in a private offering of equity Form D: 1 investor so far Form D
  3. Apr 28, 2022Filed a private offering of equity Form D: $1.7 million offered in all Form D
  4. Dec 11, 2019Raised $77,762 in a private offering of equity Form D: $1.8 million offered in all Form D
  5. Apr 21, 2015Raised $7.7 million in a private offering of equity Form D: $8.6 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.36,067,985$602.0M0.0%+376,122
Vanguard Portfolio Management LLC21,795,546$363.8M0.0%+390,997
State Street Corp12,982,771$218.9M0.0%−89,808
Vanguard Capital Management LLC10,613,114$177.1M0.0%−6,459
Prudential Financial Inc7,872,378$131.4M0.1%+7,498
Alliancebernstein L.P.7,935,090$118.2M0.0%−310,659
Geode Capital Management, LLC6,986,759$116.6M0.0%+315,170
Nomura Asset Management International Inc.5,565,806$92.9M0.1%−1,261,316
Morgan Stanley5,510,135$92.0M0.0%−270,057
Franklin Resources Inc5,395,424$90.0M0.0%+1,683,135
Long Pond Capital, LP5,127,246$85.6M9.0%−599,992
Charles Schwab Investment Management Inc4,396,652$73.4M0.0%+210,048
Norges Bank4,134,326$69.0M0.0%New
Northern Trust Corp3,508,195$58.6M0.0%+162,780
Dimensional Fund Advisors LP3,252,961$54.3M0.0%−220,836
Citadel Advisors LLC2,679,582$44.7M0.0%−984,191
Jpmorgan Chase & Co2,563,019$43.2M0.0%+649,835
Woodline Partners LP2,488,272$41.5M0.1%+536,007
Frontier Capital Management Co LLC2,376,740$39.7M0.4%−492,980
Centersquare Investment Management LLC2,350,383$39.2M0.3%+759,119
Holocene Advisors, LP2,316,877$38.7M0.1%+982,865
Rush Island Management, LP2,316,753$38.7M2.6%−1,139,409
GRS Advisors, LLC2,261,567$37.7M3.2%New
Victory Capital Management Inc2,207,005$36.8M0.0%+1,737,273
Bank Of America Corp /de/2,141,229$35.7M0.0%+148,281

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

9 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jul 10, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−14.4%Report
Jan 15, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−25.4%Report
Sep 22, 2025Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000−29.4%Report
Jul 16, 2025Josh GottheimerDemocratic, HouseSale$1,001 - $15,000+38.5%Report
Jun 17, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+46.8%Report
Jun 11, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−48.3%Report
Sep 9, 2024Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000−66.9%Report
Jul 12, 2023Daniel S. GoldmanDemocratic, HouseSale$1,001 - $15,000+91.4%Report
May 5, 2022John ThuneRepublican, SenateSale$15,001 - $50,000+124.6%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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