INDEPENDENCE REALTY TRUST, INC.
In the published model solve dated 2026-Q2, anchored at $16.82, INDEPENDENCE REALTY TRUST, INC. (IRT) is priced for -2.6% FFO growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• Independence Realty Trust owns and operates apartment communities concentrated in Sun Belt markets, a focused residential REIT whose results turn on occupancy and rent growth across a same-store portfolio that is 91% of its value. • The near-term risk is new supply: the 10-K warns of ⟦"oversupply of or reduced demand for multifamily units"⟧ in its markets, the dynamic that has pressured Sun Belt rents as a wave of new apartments delivered. • The price is reached only by the relative-multiple m
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371 institutional managers reported holding IRT in 13F filings for the quarter ended 2026-03-31. 39 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 10.7M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (3.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
IRT's share count grew 131.7% over the past five years even with $29.94M spent on repurchases. It pays a dividend, and has for 15 years running, raised 3 years straight; the current rate is $0.67 a share annually. Cash returned over the past three years: $410.85M in dividends and $29.94M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at IRT over the trailing three years. Absence is a fact about the company, not a signal. 11 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
IRT's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-04-29 | +4.8% | +9.4% |
| 2023-07-28 | -1.6% | -16.5% |
| 2023-11-01 | +1.6% | +20.2% |
| 2024-02-29 | +8.2% | +9.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
IRT's latest 8-K filings: 2026-06-12 (items 1.02); 2026-06-01 (items 7.01, 9.01); 2026-05-13 (items 5.07); 2026-05-04 (items 7.01, 9.01); 2026-04-29 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.