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…5 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
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.6
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.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years (annual) or 9 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| 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 shares | 224.8M shares | 224.4M shares |
| Diluted (in shares) | 234.8M shares | 225.6M shares | 224.4M shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $167.1M | $167.1M | $162.2M | $161.2M | $161.0M | $160.1M | $158.4M | $160.5M | |
| Restructuring costs | -$3.2K | ||||||||
| Net income (loss) | $34.0M | $7.0M | $8.2M | $8.5M | -$1.1M | $12.6M | $10.6M | $18.0M | |
| Net income (loss) allocable to common shares | $33.3M | $6.9M | $8.0M | $8.4M | -$1.0M | $12.4M | $10.4M | $17.6M | |
| Basic (in dollars per share) | $0.14 | $0.03 | $0.03 | $0.04 | $0.00 | $0.05 | $0.05 | $0.08 | |
| Diluted (in dollars per share) | $0.14 | $0.03 | $0.03 | $0.04 | $0.00 | $0.05 | $0.05 | $0.08 |
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Investments in real estate, at cost | $6.6B | $6.4B | ||
| Accumulated depreciation | -$915.2M | -$741.0M | ||
| Investments in real estate, net | $5.7B | $5.6B | ||
| Real estate, held for sale | $76.5M | $110.1M | ||
| Investments in real estate under development | $60.1M | $116.9M | ||
| Cash and cash equivalents | $23.6M | $21.2M | $22.9M | |
| Restricted Cash | $24.1M | $22.2M | $27.9M | |
| Investments in unconsolidated real estate entities | $98.3M | $92.0M | ||
| Other Assets | $45.7M | $39.6M | ||
| Derivative assets | $9.8M | $29.3M | ||
| Intangible assets, net of accumulated amortization of $3,257 and $1,305, respectively | $3.0M | $3.6M | ||
| Total Assets | $6.0B | $6.1B | ||
| Accounts payable and accrued expenses | $92.4M | $94.7M | ||
| Accrued interest payable | $8.4M | $8.6M | ||
| Dividends payable | $41.3M | $37.8M | ||
| Derivative liabilities | $346.0K | $0 | ||
| Other Liabilities | $8.5M | $8.0M | ||
| Total Liabilities | $2.4B | $2.5B | ||
| Preferred stock, $0.01 par value; 50,000,000 shares authorized, 0 and 0 shares issued and outstanding, respectively | $0 | $0 | ||
| Common stock, $0.01 par value; 500,000,000 shares authorized, 237,234,750 and 230,838,006 shares issued and outstanding, including 382,337 and 360,561 unvested restricted common share awards, respectively | $2.4M | $2.3M | ||
| Additional paid-in capital | $4.0B | $3.9B | ||
| Accumulated other comprehensive income | $7.7M | $26.1M | ||
| Accumulated deficit | -$555.3M | -$454.1M | ||
| Total stockholders equity | $3.5B | $3.4B | ||
| Noncontrolling interests | $129.5M | $132.8M | ||
| Total Equity | $3.6B | $3.6B | $3.6B | $3.7B |
| Total Liabilities and Equity | $6.0B | $6.1B | ||
| Finite-Lived Intangible Assets, Accumulated Amortization | $3.3M | $1.3M | ||
| Preferred Stock, Par Value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred Stock, Shares Authorized (in shares) | 50.0M shares | 50.0M shares | ||
| Preferred Stock, Shares Issued (in shares) | 0 shares | 0 shares | ||
| Preferred Stock, Shares Outstanding (in shares) | 0 shares | 0 shares | ||
| Common Stock, Par Value (in dollars per share) | $0.01 | $0.01 | ||
| Common Stock, Shares Authorized (in shares) | 500.0M shares | 500.0M shares | ||
| Common Stock, Shares Issued (in shares) | 237.2M shares | 230.8M shares | ||
| Common Stock, Shares Outstanding (in shares) | 237.2M shares | 230.8M shares | ||
| Common Stock, Unvested Restricted Share Awards (in shares) | 382.3K shares | 360.6K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Investments in real estate, at cost | $6.6B | $6.4B | ||
| Accumulated depreciation | -$915.2M | -$741.0M | ||
| Investments in real estate, net | $5.7B | $5.6B | ||
| Real estate, held for sale | $76.5M | $110.1M | ||
| Investments in real estate under development | $60.1M | $116.9M | ||
| Cash and cash equivalents | $23.6M | $21.2M | $22.9M | |
| Restricted Cash | $24.1M | $22.2M | $27.9M | |
| Investments in unconsolidated real estate entities | $98.3M | $92.0M | ||
| Other Assets | $45.7M | $39.6M | ||
| Derivative assets | $9.8M | $29.3M | ||
| Intangible assets, net of accumulated amortization of $3,257 and $1,305, respectively | $3.0M | $3.6M | ||
| Total Assets | $6.0B | $6.1B | ||
| Accounts payable and accrued expenses | $92.4M | $94.7M | ||
| Accrued interest payable | $8.4M | $8.6M | ||
| Dividends payable | $41.3M | $37.8M | ||
| Derivative liabilities | $346.0K | $0 | ||
| Other Liabilities | $8.5M | $8.0M | ||
| Total Liabilities | $2.4B | $2.5B | ||
| Preferred stock, $0.01 par value; 50,000,000 shares authorized, 0 and 0 shares issued and outstanding, respectively | $0 | $0 | ||
| Common stock, $0.01 par value; 500,000,000 shares authorized, 237,234,750 and 230,838,006 shares issued and outstanding, including 382,337 and 360,561 unvested restricted common share awards, respectively | $2.4M | $2.3M | ||
| Additional paid-in capital | $4.0B | $3.9B | ||
| Accumulated other comprehensive income | $7.7M | $26.1M | ||
| Accumulated deficit | -$555.3M | -$454.1M | ||
| Total stockholders equity | $3.5B | $3.4B | ||
| Noncontrolling interests | $129.5M | $132.8M | ||
| Total Equity | $3.6B | $3.6B | $3.6B | $3.7B |
| Total Liabilities and Equity | $6.0B | $6.1B | ||
| Finite-Lived Intangible Assets, Accumulated Amortization | $3.3M | $1.3M | ||
| Preferred Stock, Par Value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred Stock, Shares Authorized (in shares) | 50.0M shares | 50.0M shares | ||
| Preferred Stock, Shares Issued (in shares) | 0 shares | 0 shares | ||
| Preferred Stock, Shares Outstanding (in shares) | 0 shares | 0 shares | ||
| Common Stock, Par Value (in dollars per share) | $0.01 | $0.01 | ||
| Common Stock, Shares Authorized (in shares) | 500.0M shares | 500.0M shares | ||
| Common Stock, Shares Issued (in shares) | 237.2M shares | 230.8M shares | ||
| Common Stock, Shares Outstanding (in shares) | 237.2M shares | 230.8M shares | ||
| Common Stock, Unvested Restricted Share Awards (in shares) | 382.3K shares | 360.6K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $57.7M | $40.0M | -$17.8M |
| Depreciation and amortization | $243.2M | $220.9M | $219.0M |
| Accretion of loan discounts and premiums, net | -$8.0M | -$9.2M | -$10.9M |
| Amortization of deferred financing costs, net | $3.7M | $2.8M | $3.3M |
| Stock compensation expense | $7.9M | $7.1M | $7.7M |
| (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 |
| Amortization related to derivative instruments | $986.0K | $1.2M | $1.3M |
| Non-cash casualty losses | $589.0K | $3.2M | $925.0K |
| Equity in (income) loss from investments in unconsolidated real estate entities | -$11.1M | -$347.0K | $4.5M |
| Other non-cash loss | $103.0K | $1.0K | $1.3M |
| Other assets | -$8.0M | -$7.9M | -$8.1M |
| Accounts payable and accrued expenses | $2.5M | -$7.1M | -$3.2M |
| Accrued interest payable | -$253.0K | $713.0K | -$79.0K |
| Other liabilities | -$1.0M | -$1.3M | -$2.4M |
| Net cash provided by operating activities | $282.1M | $259.8M | $262.2M |
| Acquisition of real estate properties | -$152.7M | -$238.6M | $0 |
| Escrow deposits for pending real estate acquisitions | -$590.0K | $0 | $0 |
| Cash acquired from consolidation of previously unconsolidated real estate entity | $0 | $0 | $2.1M |
| Investments in unconsolidated real estate entities | -$35.7M | -$11.6M | -$26.0M |
| Return of investment in unconsolidated real estate entities | $40.5M | $9.1M | $0 |
| Proceeds from dispositions of real estate properties, net | $157.9M | $390.9M | $230.8M |
| Capital expenditures | -$135.6M | -$118.3M | -$146.6M |
| Real estate development expenditures | -$18.2M | -$56.8M | -$66.2M |
| Proceeds from insurance claims | $1.6M | $4.7M | $4.2M |
| Net cash used in investing activities | -$142.9M | -$20.6M | -$1.7M |
| Proceeds (costs) from issuance of common stock, net | $162.4M | $111.3M | -$421.0K |
| Proceeds from unsecured revolver and term loan | $479.5M | $450.0M | $270.0M |
| Proceeds from unsecured notes | $0 | $150.0M | $0 |
| Unsecured revolver and secured credit facility repayments | -$478.2M | -$490.7M | -$250.3M |
| Mortgage principal repayments and payoffs | -$100.7M | -$314.1M | -$129.6M |
| Payment for deferred financing costs | -$6.3M | -$1.8M | -$60.0K |
| Distributions on common stock | -$154.4M | -$144.0M | -$134.9M |
| Distributions to noncontrolling interests | -$3.9M | -$3.8M | -$3.6M |
| Payment for debt extinguishment | $0 | -$666.0K | -$124.0K |
| Repurchase of shares related to equity award tax withholding | -$3.5M | -$2.6M | -$4.7M |
| Repurchase of common stock, including repurchase costs | -$30.0M | $0 | $0 |
| Net cash used in financing activities | -$135.1M | -$246.4M | -$253.7M |
| Net change in cash, cash equivalents, and restricted cash | $4.2M | -$7.3M | $6.7M |
| Cash paid for interest | $82.6M | $80.6M | $96.0M |
| Decrease in noncontrolling interest from conversion of common limited partnership units to shares of common stock | $0 | $33.0K | $1.0M |
| Distributions declared but not paid | $41.3M | $37.8M | $36.9M |
| Real estate under development placed in service | $67.5M | $33.9M | $77.5M |
| Initial measurement of operating lease right of use assets | $1.4M | $0 | $0 |
| Initial measurement of operating lease liabilities | $1.4M | $0 | $0 |
| Accrued capital expenditures and real estate under development | $6.2M | $12.5M | $20.1M |
| Assets recognized upon consolidation of previously unconsolidated real estate entity | $0 | $0 | $52.9M |
| Liabilities recognized upon consolidation of previously unconsolidated real estate entity | $0 | $0 | $39.9M |
| Derecognition of equity method investment upon consolidation of previously unconsolidated real estate entity | $0 | $0 | $12.7M |
| Value of non-controlling interest upon consolidation of previously unconsolidated real estate entity | $0 | $0 | $256.0K |
| Assumption of mortgage notes payable to acquire real estate | $59.5M | $0 | $0 |
| Assets acquired from loan assumption | $924.0K | $0 | $0 |
| Preferred return on unconsolidated real estate entity | $31.0K | $0 | $0 |
No quarter-by-quarter statement was filed.
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Corporate structure
INDEPENDENCE REALTY TRUST, INC. sits at the top of its group. 167 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of INDEPENDENCE REALTY TRUST, INC.
- Long Pond Capital, LP Filed SCHEDULE 13G/A on INDEPENDENCE REALTY TRUST, INC., latest Aug 13, 2026 (2 filings since Nov 14, 2025)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on INDEPENDENCE REALTY TRUST, INC., latest Apr 29, 2026
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on INDEPENDENCE REALTY TRUST, INC., latest Apr 28, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on INDEPENDENCE REALTY TRUST, INC., latest Mar 27, 2026 (5 filings since Feb 9, 2022)
- T. Rowe Price Investment Management, Inc. Filed SCHEDULE 13G/A on INDEPENDENCE REALTY TRUST, INC., latest Feb 17, 2026 (3 filings since Nov 14, 2024)
- Wellington Management Company Filed SCHEDULE 13G/A on INDEPENDENCE REALTY TRUST, INC., latest Nov 12, 2025 (2 filings since Nov 8, 2024)
- BlackRock Filed SCHEDULE 13G/A on INDEPENDENCE REALTY TRUST, INC., latest Apr 29, 2025 (8 filings since Jan 26, 2022)
- State Street Corporation Filed SC 13G/A on INDEPENDENCE REALTY TRUST, INC., latest Jan 30, 2024 (3 filings since Feb 9, 2022)
- MILLENNIUM MANAGEMENT LLC Filed SC 13G/A on INDEPENDENCE REALTY TRUST, INC., latest Jan 13, 2023 (2 filings since Mar 14, 2022)
- DEUTSCHE BANK AG\ Filed SC 13G/A on INDEPENDENCE REALTY TRUST, INC., latest Feb 17, 2022 (2 filings since Feb 11, 2022)
- AllianceBernstein Filed SC 13G/A on INDEPENDENCE REALTY TRUST, INC., latest Feb 14, 2022
- INDEPENDENCE REALTY TRUST, INC. Philadelphia, Pennsylvania, United States
- 3030 at Apopka, LLC Subsidiary · Delaware, United States
- Adley Craig Ranch Apartments Owner, LLC Subsidiary · Texas, United States
- Arbor Loop Apartments Owner, LLC Subsidiary · North Carolina, United States
- Autumn Breeze Apartments, LLC Subsidiary · Delaware, United States
- Bayview Club Apartments Indiana, LLC Subsidiary · Delaware, United States
- Bennington Pond Managing Member, LLC Subsidiary · Delaware, United States
- Bennington Pond, LLC Subsidiary · Ohio, United States
- Briar on Legacy, LLC Subsidiary · Delaware, United States
- Brice Grove Apartments, LLC Subsidiary · Delaware, United States
- Bridgeview Apartments, LLC Subsidiary · Florida, United States
- Brookside CRA-B1, LLC Subsidiary · Delaware, United States
- Brunswick Point North Carolina, LLC Subsidiary · Delaware, United States
- BSF-Arbors River Oaks Subsidiary · Florida, United States
- Chelsea Square Apartments Holding Company, LLC Subsidiary · Ohio, United States
- Cherry Grove South Carolina, LLC Subsidiary · Delaware, United States
- Creekside Corners Georgia, LLC Subsidiary · Delaware, United States
- Cyan Apartments Owner, LLC Subsidiary · Delaware, United States
- Cyan Mallard Creek Owner, LLC Subsidiary · Delaware, United States
- DD CR III, LLC Subsidiary · Georgia, United States
- DD CR V, LLC Subsidiary · Georgia, United States
- DD Mallard Creek, LLC Subsidiary · Georgia, United States
- Elevate at Cibolo Canyon, LLC Subsidiary · Delaware, United States
- Enclave Apartments Owner, LLC Subsidiary · Florida, United States
- Fox Partners, LLC Subsidiary · Texas, United States
- Freedom Billing, LLC Subsidiary · Delaware, United States
- and 141 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What INDEPENDENCE REALTY TRUST, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $565.0M10 Dec 31, 2024 | $541.0M10 Dec 31, 2023 | +4.4% |
| Buildings and improvements | $5.3B10 Dec 31, 2024 | $5.3B10 Dec 31, 2023 | +0.6% |
| Construction in progress | $321.1M10 Dec 31, 2024 | $240.9M9 Dec 31, 2023 | +33.3% |
| Operating-lease assets (leased space) | $2.8M6 Dec 31, 2025 | $1.9M6 Dec 31, 2024 | +47.6% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $5.7B6 Dec 31, 2025 | $5.6B6 Dec 31, 2024 | +1.0% |
| Real estate investments, at cost | $6.6B6 Dec 31, 2025 | $6.4B6 Dec 31, 2024 | +3.6% |
| Real estate accumulated depreciation | $915.2M6 Dec 31, 2025 | $741.0M6 Dec 31, 2024 | +23.5% |
| Real estate properties | 1156 Dec 31, 2025 | ||
| Units in real estate properties | 33,4626 Dec 31, 2025 |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $23.6M6 Dec 31, 2025 | $21.2M6 Dec 31, 2024 | +11.0% |
| Stakes in other companies (equity method) | $92.0M10 Dec 31, 2024 | $89.0M10 Dec 31, 2023 | +3.3% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $3.0M6 Dec 31, 2025 | $3.6M6 Dec 31, 2024 | −18.5% |
| Accumulated amortization | $3.3M6 Dec 31, 2025 | $1.3M6 Dec 31, 2024 | +149.6% |
Properties, in its own words
We hold fee title to all of the multifamily properties in our portfolio (other than four properties owned by unconsolidated joint ventures in which we hold interests and one development property). The following table presents an overview of our consolidated portfolio as of December 31, 2025(including one development property).
Market · Property Count · Units (a) · Gross Cost · Accumulated Depreciation · Net Book Value · Period End Occupancy (b) · Average Occupancy (c) · Average Effective Rent per Occupied Unit (d)
The rest of Item 2
Atlanta, GA · 13 · 5,180 · 1,132,430 · (164,387 · 968,043 · 94.7 · 93.8 · 1,570
Austin, TX · 1 · 256 · 61,552 · (8,990 · 52,562 · 96.9 · 95.3 · 1,784
Charleston, SC · 2 · 518 · 84,269 · (19,710 · 64,559 · 95.3 · 94.9 · 1,776
Charlotte, NC · 4 · 1,014 · 263,466 · (25,875 · 237,591 · 95.7 · 94.7 · 1,660
Cincinnati, OH · 2 · 542 · 127,244 · (14,956 · 112,288 · 97.6 · 96.9 · 1,696
Columbus, OH · 10 · 2,510 · 385,826 · (65,867 · 319,959 · 95.2 · 95.7 · 1,547
Dallas, TX · 14 · 4,007 · 898,823 · (122,773 · 776,050 · 96.9 · 96.0 · 1,807
Denver, CO · 8 · 2,018 · 559,005 · (54,361 · 504,644 · 92.8 · 93.9 · 1,811
Greenville, SC · 1 · 702 · 127,920 · (15,528 · 112,392 · 95.1 · 93.5 · 1,265
Houston, TX · 5 · 1,308 · 218,032 · (25,026 · 193,006 · 96.8 · 96.4 · 1,457
Huntsville, AL · 4 · 1,051 · 242,892 · (26,331 · 216,561 · 95.1 · 95.4 · 1,403
Indianapolis, IN · 8 · 2,259 · 361,777 · (47,878 · 313,899 · 94.3 · 95.3 · 1,499
Lexington, KY · 3 · 886 · 168,248 · (19,956 · 148,292 · 97.6 · 96.9 · 1,506
Louisville, KY · 3 · 794 · 100,837 · (25,914 · 74,923 · 96.3 · 96.2 · 1,349
Memphis, TN · 4 · 1,383 · 160,512 · (45,234 · 115,278 · 91.5 · 92.9 · 1,459
Myrtle Beach, SC - Wilmington, NC · 3 · 628 · 69,993 · (15,213 · 54,780 · 94.9 · 95.1 · 1,382
Nashville, TN · 5 · 1,508 · 379,975 · (45,190 · 334,785 · 96.1 · 95.8 · 1,614
Oklahoma City, OK · 8 · 2,147 · 347,624 · (56,331 · 291,293 · 95.6 · 96.0 · 1,266
Orlando, FL · 4 · 1,260 · 283,559 · (16,566 · 266,993 · 86.2 · 90.4 · 1,900
Raleigh - Durham, NC · 6 · 1,690 · 259,425 · (57,297 · 202,128 · 93.8 · 94.9 · 1,537
San Antonio, TX · 1 · 306 · 57,743 · (6,870 · 50,873 · 98.0 · 97.4 · 1,441
Tampa-St. Petersburg, FL · 6 · 1,791 · 398,423 · (52,094 · 346,329 · 96.1 · 95.8 · 1,930
TOTAL · 115 · 33,758 · 6,689,575 · (932,347 · 5,757,228 · 94.9 · 95.0 · 1,593
(a) · Units represent the total number of units in each market at December 31, 2025, including 296 units at Flatiron Flats development property.
(b) · Period end occupancy for each of our properties is calculated as (i) total units rented as of December 31, 2025 divided by (ii) total units available for rent as of December 31, 2025, expressed as a percentage. Excludes Flatiron Flats, which, as of December 31, 2025, was in lease-up phase and had not reached 90% occupancy.
(c) · Average occupancy represents the daily average occupancy of available units for the three-month period ended December 31, 2025. Excludes Flatiron Flats, which, as of December 31, 2025, was in lease-up and had not reached 90% occupancy.
(d) · Average effective monthly rent, per unit, represents the average monthly rent for all occupied units for the three-month period ended December 31, 2025. Excludes Flatiron Flats, which, as of December 31, 2025, was in lease-up and had not reached 90% occupancy.
Additional information on our consolidated properties is contained in “Schedule III - Real Estate and Accumulated Depreciation” in this Annual Report, which is incorporated herein by reference.
Item 2 of the 10-K filed Feb 17, 2026.5
Leadership
Who has led INDEPENDENCE REALTY TRUST, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
201520202025
- Chief executive officerScott Schaeffer Aug 13, 2013 to now15
- ChairScott Schaeffer Aug 13, 2013 to now15
- PresidentJames J. Sebra Jan 3, 2025 to now16
- PresidentFarrell M. Ender Aug 6, 2014 to Mar 17, 202317
- PresidentScott Schaeffer Aug 13, 2013 to Feb 4, 201415
- Chief financial officerJames J. Sebra Aug 13, 2013 to now18
- Chief operating officerElla S. Neyland Dec 16, 2021 to Dec 15, 202219
Board members and other officers (18)
- Executive Vice PresidentJohn J. Reyle May 15, 2026 to now20
- CAO and ControllerJason R. Delozier Feb 23, 2018 to now21
- Board memberJames J. Sebra Jan 7, 2026 to now22
- Board memberCraig Macnab Mar 1, 2024 to now23
- Board memberLisa Washington Jan 6, 2021 to now24
- Board memberElla S. Neyland Dec 16, 2021 to Dec 15, 202219
- Board memberNed Brines Dec 16, 2021 to now25
- Board memberRio Ana Marie Del Dec 16, 2021 to now26
- Board memberStephen R. Bowie Dec 16, 2021 to now27
- Board memberThomas H. Purcell Dec 16, 2021 to May 17, 202428
- Board memberMelinda H. McClure Jun 19, 2017 to now29
- Board memberRichard D. Gebert Oct 23, 2017 to now30
- Board memberMack D. Pridgen Iii. Sep 18, 2015 to May 13, 202131
- Board memberSharon M. Tsao Aug 6, 2014 to May 18, 201632
- Board memberDeforest B. Soaries Jr. Aug 13, 2013 to now33
- Board memberRobert F. McCadden Aug 13, 2013 to May 17, 201734
- Board memberWilliam C. Dunkelberg Aug 13, 2013 to Dec 16, 202135
- General counselJessica K. Norman May 16, 2019 to Mar 3, 202336
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 3030 at Apopka, LLC Delaware4
- Adley Craig Ranch Apartments Owner, LLC Texas4
- Arbor Loop Apartments Owner, LLC North Carolina4
- Autumn Breeze Apartments, LLC Delaware4
- BSF-Arbors River Oaks Florida4
- Bayview Club Apartments Indiana, LLC Delaware4
- Bennington Pond Managing Member, LLC Delaware4
- Bennington Pond, LLC Ohio4
- Briar on Legacy, LLC Delaware4
- Brice Grove Apartments, LLC Delaware4
- Bridgeview Apartments, LLC Florida4
- Brookside CRA-B1, LLC Delaware4
- Brunswick Point North Carolina, LLC Delaware4
- Chelsea Square Apartments Holding Company, LLC Ohio4
- Cherry Grove South Carolina, LLC Delaware4
- Creekside Corners Georgia, LLC Delaware4
- Cyan Apartments Owner, LLC Delaware4
- Cyan Mallard Creek Owner, LLC Delaware4
- DD CR III, LLC Georgia4
- DD CR V, LLC Georgia4
- DD Mallard Creek, LLC Georgia4
- Elevate at Cibolo Canyon, LLC Delaware4
- Enclave Apartments Owner, LLC Florida4
- Fox Partners, LLC Texas4
All 166 listed subsidiaries
- Freedom Billing, LLC Delaware4
- Gateway at Pinellas, LLC Delaware4
- HPI Collier Park LLC Delaware4
- HPI Hartshire LLC Delaware4
- HPI Kensington Commons LLC Delaware4
- HPI Schirm Farms LLC Delaware4
- Highland Ridge Apartments Owner, LLC Delaware4
- Hilliard Grand Apartments, LLC Ohio4
- Hilliard Meadows Apartments, LLC Ohio4
- Hilliard Park Partners, LLC Ohio4
- IR TS Op Co, LLC Delaware4
- IRSTAR Sub, LLC Maryland4
- IRT Approach Investor, LLC Delaware4
- IRT FW Partner, LLC Delaware4
- IRT Global, LLC Florida4
- IRT Innsbrook Investor, LLC Delaware4
- IRT Lakeline Investor, LLC Delaware4
- IRT Lenoxplace Apartments Owner, LLC Delaware4
- IRT Limited Partner, LLC Delaware4
- IRT Management, LLC Delaware4
- IRT Mustang Investor, LLC Delaware4
- IRT Nexton Pine Hollow Investor, LLC Delaware4
- IRT OKC Portfolio Member, LLC Delaware4
- IRT OKC Portfolio Owner, LLC Delaware4
- IRT Ramston Investor, LLC Delaware4
- IRT Renovations, LLC Delaware4
- IRT Runaway Bay Apartments, LLC Delaware4
- IRT Stonebridge Crossing Apartments Owner, LLC Delaware4
- IRT UPREIT Lender, LP Delaware4
- IRT Virtuoso Investor, LLC Delaware4
- IRT Virtuoso Lender, LLC Delaware4
- IRT Walnut Hill Apartments Owner, LLC Delaware4
- Independence Realty Operating Partnership, L.P. Delaware4
- JLC/BUSF Associates, LLC Delaware4
- Jamestown CRA-B1, LLC Delaware4
- Lakes of Northdale Apartments LLC Delaware4
- Legacy Apartments Owner, LLC Alabama4
- Lucerne Apartments Tampa, LLC Florida4
- Merce Partners, LLC Texas4
- Millenia 700 II, LLC Delaware4
- Millenia 700, LLC Delaware4
- North Park Apartments Owner, LLC Georgia4
- North Park Property Owner, LLC Georgia4
- Onion Creek Collective, LLC Delaware4
- Oxmoor CRA-B1, LLC Delaware4
- Pointe at Canyon Ridge, LLC Georgia4
- Prospect Park CRA-B1, LLC Delaware4
- Ramston Development Holdings I, LLC Delaware4
- Ranch on West, LLC Delaware4
- Rocky Creek Apartments Owner, LLC Florida4
- SIR Brice Grove, LLC Delaware4
- SIR Carrington Champion, LLC Delaware4
- SIR Carrington Park, LLC Delaware4
- SIR Carrington Place, LLC Delaware4
- SIR Creekside, LLC Delaware4
- SIR Deep Deuce, LLC Delaware4
- SIR Double Creek, LLC Delaware4
- SIR Forty 57, LLC Delaware4
- SIR Hamburg, LLC Delaware4
- SIR Hilliard Grand, LLC Delaware4
- SIR Hilliard Park, LLC Delaware4
- SIR Hilliard Summit, LLC Delaware4
- SIR Huffmeister Villas, LLC Delaware4
- SIR Jefferson, LLC Delaware4
- SIR Kingwood Villas, LLC Delaware4
- SIR Mallard Crossing, LLC Delaware4
- SIR Montclair Parc, LLC Delaware4
- SIR Quail North, LLC Delaware4
- SIR Riverford, LLC Delaware4
- SIR Sienna Grand, LLC Delaware4
- SIR Special Member Ltd., Inc. Delaware4
- SIR Spring Creek, LLC Delaware4
- SIR Tapestry Park, LLC Delaware4
- SIR Waterford Riata, LLC Delaware4
- SPG Avalon Apts LLC Ohio4
- STAR 1250 West, LLC Delaware4
- STAR Barrett Lakes, LLC Delaware4
- STAR Bella Terra, LLC Delaware4
- STAR Brentwood, LLC Delaware4
- STAR Brookfield, LLC Delaware4
- STAR Broomfield, LLC Delaware4
- STAR Cumberland, LLC Delaware4
- STAR Delano, LLC Delaware4
- STAR East Cobb, LLC Delaware4
- STAR Farmers Market, LLC Delaware4
- STAR Flatirons, LLC Delaware4
- STAR Garrison Station, LLC Delaware4
- STAR Harrison Place, LLC Delaware4
- STAR Hearthstone, LLC Delaware4
- STAR Horseshoe, LLC Delaware4
- STAR Hubbard, LLC Delaware4
- STAR III Avery Point, LLC Delaware4
- STAR III Belmar, LLC Delaware4
- STAR III Bristol Village, LLC Delaware4
- STAR III Canyon Resort, LLC Delaware4
- STAR III Special Member Ltd., Inc. Delaware4
- STAR III Sugar Mill, LLC Delaware4
- STAR III Sweetwater, LLC Delaware4
- STAR III VV&M, LLC Delaware4
- STAR III Vista Ridge, LLC Delaware4
- STAR Kensington, LLC Delaware4
- STAR Lakeside, LLC Delaware4
- STAR Los Robles, LLC Delaware4
- STAR McGinnis Ferry, LLC Delaware4
- STAR Meadows, LLC Delaware4
- STAR Monticello, LLC Delaware4
- STAR Oasis, LLC Delaware4
- STAR Park Valley, LLC Delaware4
- STAR Patina Flats, LLC Delaware4
- STAR Preston Hills, LLC Delaware4
- STAR Ridge Crossings, LLC Delaware4
- STAR River Run, LLC Delaware4
- STAR Shores, LLC Delaware4
- STAR Special Member Ltd., Inc Delaware4
- STAR Stoneridge, LLC Delaware4
- STAR T-Bone, LLC Delaware4
- STAR TRS, Inc. Delaware4
- STAR Town Madison, LLC Delaware4
- STAR Wetherington, LLC Delaware4
- STAR at Spring Hill, LLC Delaware4
- Serenza Ocoee Village, LLC Delaware4
- South Terrace Apartments North Carolina, LLC Delaware4
- TS Big Creek, LLC Delaware4
- TS Brier Creek, LLC Delaware4
- TS Craig Ranch, LLC Delaware4
- TS Creekstone, LLC Delaware4
- TS Goose Creek, LLC Delaware4
- TS Manager, LLC Florida4
- TS Miller Creek, LLC Delaware4
- TS New Bern, LLC Delaware4
- TS Talison Row, LLC Delaware4
- TS Vintage, LLC Delaware4
- TS Westmont, LLC Delaware4
- The Springs of Prairie Creek, LLC Delaware4
- Thornhill Apartments Owner, LLC North Carolina4
- Tides Land North Carolina, LLC Delaware4
- Tides at Calabash North Carolina, LLC Delaware4
- Vantage II Owner, LLC Florida4
- Views of MC1 LLC Tennessee4
- Virtuoso Owner I, LLC Delaware4
- Wake Forest Apartments, LLC Delaware4
- Waterford Landing Apartments, LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Sep 24, 20268-K Regulation FD disclosure39
- Sep 23, 20268-K Financial statements and exhibits40
- Sep 23, 20268-K Entered a material agreement41
- Sep 9, 20268-K Entered a material agreement; Executive or director change; Regulation FD disclosure42
- Aug 3, 20268-K Results of operations; Regulation FD disclosure43
- Jun 12, 20268-K Ended a material agreement44
- Jun 1, 20268-K Regulation FD disclosure45
- May 13, 20268-K Shareholder vote46
- May 4, 20268-K Regulation FD disclosure47
- Apr 29, 20268-K Results of operations; Regulation FD disclosure48
- Mar 2, 20268-K Regulation FD disclosure49
- Feb 11, 20268-K Entered a material agreement; Ended a material agreement; Results of operations50
- Aug 13, 2013New chief executive Scott Schaeffer becomes CEO15
- Mar 26, 2009Founded INDEPENDENCE REALTY TRUST, INC. is founded2
Calendar
Coming up
- Nov 2, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.29 a share, on Oct 29, 2025.51
When it reported results
- Aug 3, 2026Reported quarterly or annual results43
- Apr 29, 2026Reported quarterly or annual results48
- Feb 11, 2026Reported quarterly or annual results50
- Oct 29, 2025Reported quarterly or annual results52
- Jul 30, 2025Reported quarterly or annual results53
- Apr 30, 2025Reported quarterly or annual results54
- Feb 12, 2025Reported quarterly or annual results55
- Oct 30, 2024Reported quarterly or annual results56
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
331 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 69 major events, 147 insider forms, 30 large holders, 23 private raises, 42 other. The latest 20:
- Oct 7, 2026EFFECT EDGAR
- Oct 7, 2026425 EDGAR
- Oct 7, 2026424B3 EDGAR
- Oct 5, 2026S-4/A EDGAR
- Oct 1, 20264 EDGAR
- Sep 24, 20268-K EDGAR
- Sep 24, 2026S-4 EDGAR
- Sep 23, 2026425 EDGAR
- Sep 23, 20268-K EDGAR
- Sep 23, 2026425 EDGAR
- Sep 23, 20268-K/A EDGAR
- Sep 9, 2026425 EDGAR
- Sep 9, 2026425 EDGAR
- Sep 9, 2026425 EDGAR
- Sep 9, 2026425 EDGAR
- Sep 9, 20268-K EDGAR
- Sep 1, 20264 EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 4, 202610-Q EDGAR
- Aug 3, 20264 EDGAR
The 331 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.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | Gebert Richard DDirector | Sale | 500 | $16.16 | $8.1K | Form 4 |
| Aug 3, 2026 | Gebert Richard DDirector | Sale | 500 | $16.70 | $8.3K | Form 4 |
| Jul 1, 2026 | Gebert Richard DDirector | Sale | 500 | $16.75 | $8.4K | Form 4 |
| Jun 1, 2026 | Gebert Richard DDirector | Sale | 500 | $16.15 | $8.1K | Form 4 |
| May 1, 2026 | Gebert Richard DDirector | Sale | 500 | $16.33 | $8.2K | Form 4 |
| Apr 1, 2026 | Gebert Richard DDirector | Sale | 500 | $14.85 | $7.4K | Form 4 |
| Mar 2, 2026 | Gebert Richard DDirector | Sale | 500 | $16.47 | $8.2K | Form 4 |
| Feb 2, 2026 | Gebert Richard DDirector | Sale | 500 | $16.73 | $8.4K | Form 4 |
| Jan 2, 2026 | Gebert Richard DDirector | Sale | 500 | $17.38 | $8.7K | Form 4 |
| Dec 1, 2025 | Gebert Richard DDirector | Sale | 500 | $17.00 | $8.5K | Form 4 |
| Nov 3, 2025 | Gebert Richard DDirector | Sale | 500 | $15.74 | $7.9K | Form 4 |
| Oct 1, 2025 | Gebert Richard DDirector | Sale | 500 | $16.42 | $8.2K | Form 4 |
| Sep 2, 2025 | Gebert Richard DDirector | Sale | 500 | $17.88 | $8.9K | Form 4 |
| Aug 1, 2025 | Gebert Richard DDirector | Sale | 500 | $16.90 | $8.4K | Form 4 |
| Jul 1, 2025 | Gebert Richard DDirector | Sale | 500 | $17.58 | $8.8K | Form 4 |
| Jun 2, 2025 | Gebert Richard DDirector | Sale | 500 | $18.40 | $9.2K | Form 4 |
| May 1, 2025 | Gebert Richard DDirector | Sale | 500 | $19.01 | $9.5K | Form 4 |
| Apr 1, 2025 | SCHAEFFER SCOTTChair Board and CEO | Sale | 10,000 | $21.21 | $212.1K | Form 4 |
| Apr 1, 2025 | Gebert Richard DDirector | Sale | 500 | $21.28 | $10.6K | Form 4 |
| Dec 7, 2022 | SCHAEFFER SCOTTChair Board and CEO | Sale | 16,656 | $17.26 | $287.5K | Form 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.
- Long Pond Capital, LPSCHEDULE 13G/A, 2 filings Nov 14, 2025 to Aug 13, 202657
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202658
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 28, 202659
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 9, 2022 to Mar 27, 202660
- T. Rowe Price Investment Management, Inc.SCHEDULE 13G/A, 3 filings Nov 14, 2024 to Feb 17, 202661
- Wellington Management CompanySCHEDULE 13G/A, 2 filings Nov 8, 2024 to Nov 12, 202562
- BlackRockSCHEDULE 13G/A, 8 filings Jan 26, 2022 to Apr 29, 202563
- State Street CorporationSC 13G/A, 3 filings Feb 9, 2022 to Jan 30, 202464
- MILLENNIUM MANAGEMENT LLCSC 13G/A, 2 filings Mar 14, 2022 to Jan 13, 202365
- DEUTSCHE BANK AG\SC 13G/A, 2 filings Feb 11, 2022 to Feb 17, 202266
- AllianceBernsteinSC 13G/A, 1 filing Feb 14, 202267
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Scott F. Schaeffer (Chief Executive Officer) | $800.0K | $5.3M68 | |
| 2025 | James J. Sebra (President and Chief Financial Officer) | $515.0K | $2.5M68 | |
| 2025 | Michele Weisbaum (General Counsel) | $400.0K | $1.4M68 | |
| 2025 | Jason R. Delozier (Chief Accounting Officer) | $330.0K | $1.0M68 | |
| 2024 | Scott F. Schaeffer (Chief Executive Officer) | $750.0K | $5.0M68 | |
| 2024 | James J. Sebra (President and Chief Financial Officer) | $515.0K | $2.2M68 | |
| 2024 | Michele Weisbaum (General Counsel) | $375.0K | $1.3M68 | |
| 2024 | Jason R. Delozier (Chief Accounting Officer) | $330.0K | $990.1K68 | |
| 2023 | Scott F. Schaeffer (Chief Executive Officer) | $700.0K | $4.8M68 | |
| 2023 | James J. Sebra (President and Chief Financial Officer) | $475.0K | $2.0M68 | |
| 2023 | Jason R. Delozier (Chief Accounting Officer) | $320.0K | $923.7K68 | |
| 2023 | Michele Weisbaum (General Counsel) | $120.0K | $369.1K68 |
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $7.8M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2024 | $58.8K | $58.8K |
| 2019 | $77.8K | $77.8K |
| 2015 | $7.7M | $7.7M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
- Apr 10, 2026Filed a private offering of equity69 Form D: $1.7 million offered in all Form D
- Feb 6, 2024Raised $58,800 in a private offering of equity37 Form D: 1 investor so far Form D
- Apr 28, 2022Filed a private offering of equity70 Form D: $1.7 million offered in all Form D
- Dec 11, 2019Raised $77,762 in a private offering of equity38 Form D: $1.8 million offered in all Form D
- Apr 21, 2015Raised $7.7 million in a private offering of equity71 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.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 36,067,985 | $602.0M | 0.0% | +376,122 |
| Vanguard Portfolio Management LLC | 21,795,546 | $363.8M | 0.0% | +390,997 |
| State Street Corp | 12,982,771 | $218.9M | 0.0% | −89,808 |
| Vanguard Capital Management LLC | 10,613,114 | $177.1M | 0.0% | −6,459 |
| Prudential Financial Inc | 7,872,378 | $131.4M | 0.1% | +7,498 |
| Alliancebernstein L.P. | 7,935,090 | $118.2M | 0.0% | −310,659 |
| Geode Capital Management, LLC | 6,986,759 | $116.6M | 0.0% | +315,170 |
| Nomura Asset Management International Inc. | 5,565,806 | $92.9M | 0.1% | −1,261,316 |
| Morgan Stanley | 5,510,135 | $92.0M | 0.0% | −270,057 |
| Franklin Resources Inc | 5,395,424 | $90.0M | 0.0% | +1,683,135 |
| Long Pond Capital, LP | 5,127,246 | $85.6M | 9.0% | −599,992 |
| Charles Schwab Investment Management Inc | 4,396,652 | $73.4M | 0.0% | +210,048 |
| Norges Bank | 4,134,326 | $69.0M | 0.0% | New |
| Northern Trust Corp | 3,508,195 | $58.6M | 0.0% | +162,780 |
| Dimensional Fund Advisors LP | 3,252,961 | $54.3M | 0.0% | −220,836 |
| Citadel Advisors LLC | 2,679,582 | $44.7M | 0.0% | −984,191 |
| Jpmorgan Chase & Co | 2,563,019 | $43.2M | 0.0% | +649,835 |
| Woodline Partners LP | 2,488,272 | $41.5M | 0.1% | +536,007 |
| Frontier Capital Management Co LLC | 2,376,740 | $39.7M | 0.4% | −492,980 |
| Centersquare Investment Management LLC | 2,350,383 | $39.2M | 0.3% | +759,119 |
| Holocene Advisors, LP | 2,316,877 | $38.7M | 0.1% | +982,865 |
| Rush Island Management, LP | 2,316,753 | $38.7M | 2.6% | −1,139,409 |
| GRS Advisors, LLC | 2,261,567 | $37.7M | 3.2% | New |
| Victory Capital Management Inc | 2,207,005 | $36.8M | 0.0% | +1,737,273 |
| Bank Of America Corp /de/ | 2,141,229 | $35.7M | 0.0% | +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.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jul 10, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −14.4% | Report |
| Jan 15, 2026 | Gilbert Ray Cisneros, Jr.Democratic, House | Buy | $1,001 - $15,000 | −25.4% | Report |
| Sep 22, 2025 | Josh GottheimerDemocratic, House | Buy | $1,001 - $15,000 | −29.4% | Report |
| Jul 16, 2025 | Josh GottheimerDemocratic, House | Sale | $1,001 - $15,000 | +38.5% | Report |
| Jun 17, 2025 | Lisa C. McClainRepublican, House | Sale | $1,001 - $15,000 | +46.8% | Report |
| Jun 11, 2025 | Lisa C. McClainRepublican, House | Buy | $1,001 - $15,000 | −48.3% | Report |
| Sep 9, 2024 | Josh GottheimerDemocratic, House | Buy | $1,001 - $15,000 | −66.9% | Report |
| Jul 12, 2023 | Daniel S. GoldmanDemocratic, House | Sale | $1,001 - $15,000 | +91.4% | Report |
| May 5, 2022 | John ThuneRepublican, Senate | Sale | $15,001 - $50,000 | +124.6% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How INDEPENDENCE REALTY TRUST, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARINDEPENDENCE REALTY TRUST, INC.1
- CIK0001466085
- Employer ID (EIN)26-45671305
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inMaryland5
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address1835 Market Street, Suite 2601, Philadelphia, PA 191031
- Phone267-270-48001
- Shares outstanding235,744,567 as of Jul 29, 202612
- Public float$4.2B as of Jun 30, 20255
- AuditorKPMG LLP, Philadelphia, Pennsylvania PCAOB ID 185; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceJun 19, 20091
- Filings939 in all: 4 (291), 8-K (208), D/A (52), 10-Q (50), SC 13G/A (42), 425 (35), 3 (23), CORRESP (19)1
All 42 form types
424B5 (18), SC 13G (18), UPLOAD (18), 10-K (16), 424B3 (16), EFFECT (14), DEF 14A (13), S-11/A (13), 5 (10), 8-K/A (10), SC 13D/A (8), D (7), POS AM (6), SCHEDULE 13G/A (6), DEFA14A (5), S-11 (4), ARS (3), S-3ASR (3), S-4 (3), S-4/A (3), S-8 (3), SC 13D (3), SCHEDULE 13G (3), 424B4 (2), 8-A12B (2), CERTNYS (2), POS EX (2), S-3 (2), 10-Q/A (1), 144 (1), 25 (1), AW (1), S-11MEF (1), S-3/A (1)
- Latest filingsAnnual report (10-K) Feb 17, 2026
Quarterly report (10-Q) Aug 4, 2026
Proxy statement (DEF 14A) Mar 19, 2026
Latest 8-K (8-K) Sep 24, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 per share | IRT | New York Stock Exchange |
From the cover page of the 10-K filed Feb 17, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks INDEPENDENCE REALTY TRUST, INC. names in Item 1A of its 10-K filed Feb 17, 2026: 73 risks under these headings, as written.5
- Risks Related to Our Business and Operations
- Risks Associated with Debt Financing
- Risks Related to Regulation and Compliance with Laws
- United States Federal Income Tax Risks
- Risks Related to Our Organization and Structure
- DETAILED DISCUSSION OF RISK FACTORS
- We are dependent on a concentration of our investments in a single asset class, making our results of operations more vulnerable to a downturn in the sector.
- Our operations are concentrated in the Southeast region of the United States; we are subject to general economic conditions in the regions in which we operate.
- Adverse economic conditions may reduce or eliminate our returns and profitability and, as a result, our ability to make distributions to our stockholders.
- We depend on residents for revenue, and vacancies, resident defaults or lease terminations may cause a material decline in our operating results.
- We recently experienced impairment charges and may in the future experience a decline in the fair value of our assets and be forced to recognize additional impairment charges, which could materially and adversely impact our financial condition, liquidity and results of operations and the market price of our common stock.
- Short- term resident leases expose us to the effects of declining market rent, which could adversely impact our ability to make cash distributions to our stockholders.
The other 67 risks
- Substantial inflationary pressures could have a negative effect on our rental rates and have had and could continue to have a negative effect on our property operating expenses.
- Monetary policy actions by the U.S. Federal Reserve could adversely impact our financial condition and our ability to make distributions to our stockholders.
- We face competition from third parties, including other multifamily properties, which may limit our profitability and the return on any investment in our securities.
- Our investment strategy may limit an increase in the diversification of our investments.
- We may fail to consummate one or more property acquisitions or dispositions that we anticipate, whether as part of our capital recycling strategy or otherwise, and this failure could have a material adverse impact on our financial results.
- We may suffer from delays in locating suitable investments or, because of our public company status, may be unable to acquire otherwise suitable investments, which could adversely affect our growth prospects and results of operations.
- If we fail to maintain an effective system of integrated internal controls, we may not be able to accurately report our financial results and may be required to incur additional costs and divert management resources.
- We may be adversely affected by changes in state and local tax laws and may become subject to tax audits from time to time.
- If we are not able to cost-effectively maximize the life of our properties, we may incur greater than anticipated capital expenditure costs, which may adversely affect our ability to make distributions to our stockholders.
- We face the risk of fluctuations in the cost, availability and quality of our materials and products, which could adversely affect our results of operations.
- Our growth will depend upon future acquisitions of multifamily communities, and we may be unable to complete acquisitions on advantageous terms or acquisitions may not perform as we expect.
- Our investment in property development or redevelopment may be more costly or difficult to complete than we anticipate, and development and construction risks could adversely affect our profitability.
- Our growth depends on securing external sources of capital that are outside of our control, which may affect our ability to take advantage of strategic opportunities, satisfy debt obligations and make distributions to our stockholders.
- We may be subject to contingent or unknown uninsurable liabilities related to properties or businesses that we have acquired or may acquire for which we may have limited or no recourse against the sellers.
- Representations and warranties made by us in connection with sales of our properties may subject us to liability that could result in losses and could harm our operating results and, therefore distributions we make to our stockholders.
- We rely on information technology systems in our operations, and any breach or security failure of those systems could materially adversely affect our business, results of operations, financial condition and reputation.
- The use of, or inability to use, artificial intelligence by the Company presents risks and challenges that may adversely impact the Company's business and operating results.
- A change in the United States government policy with regard to Fannie Mae and Freddie Mac could impact our financial condition.
- Bankruptcy or defaults of our counterparties could adversely affect our performance.
- Severe or inclement weather and climate change could result in losses to us.
- We are subject to Environmental, Social, and Governance ("ESG") risks that could adversely affect our reputation and the market price of our securities.
- Global pandemics could have a material adverse effect on our business, results of operations, cash flows and financial condition.
- We face numerous risks associated with the real estate industry that could adversely affect our results of operations through decreased revenues or increased costs.
- The illiquidity of real estate investments could make it difficult for us to respond to changing economic, financial, and investment conditions or changes in the operating performance of our properties, which could reduce our cash flows and adversely affect results of operations.
- Properties we purchase may not appreciate or may decrease in value.
- Increasing real estate taxes, utilities and insurance costs may negatively impact operating results.
- We may be unable to secure funds for property improvements, which could reduce cash distributions to our stockholders.
- The profitability of our acquisitions is uncertain.
- Acquiring or attempting to acquire multiple properties in a single transaction may adversely affect our operations.
- If we sell properties by providing financing to purchasers, we will bear the risk of default by the purchaser.
- Our revenue and net income may vary significantly from one period to another due to investments in value-add properties and portfolio acquisitions, which could increase the variability of our cash distributions.
- We have acquired and are developing, and may continue to acquire or develop, properties through joint ventures, and any investment that we may make in joint ventures could be adversely affected by our lack of sole decision-making authority regarding major decisions, our reliance on our joint venture partners’ financial condition and ability to perform their obligations, any disputes that may arise between us and our joint venture partners and our exposure to potential losses from the actions of our joint ventures.
- We face the risk of fluctuations in the cost, availability and quality of our materials and products from new or increased tariffs or otherwise, which could increase our expenses or impact operations and renovations and adversely affect our results of operations and financial condition.
- We face risks of increased labor costs or shortages in available labor which may increase our expenses or impact our property operations and renovations and adversely affect our results of operations and financial condition.
- We face risks of using artificial intelligence in connection with our leasing and management operations that may adversely affect our results of operations and financial condition.
- We have incurred, and may in the future, incur mortgage indebtedness and other borrowings and are not limited in the amount or percentage of indebtedness that we may incur, which may increase our business risks.
- Lenders may require us to enter into restrictive covenants relating to our operations, which could limit our ability to make distributions to our stockholders.
- Lenders may be able to recover against our other properties under our mortgage loans.
- If we are required to make payments under any “bad boy” carve-out guaranties that we may provide in connection with certain mortgages and related loans, our business and financial results could be materially adversely affected.
- Our variable rate indebtedness subjects us to interest rate risk, and interest rate hedges that we may obtain may be costly and ineffective.
- Some of our outstanding mortgage indebtedness contains, and we may in the future acquire or finance properties with debt that contains, lock-out provisions, which may prohibit us from selling a property, or may require us to maintain specified debt levels for a period of years on some properties.
- Complying with REIT requirements may limit our ability to hedge risk effectively.
- There is refinancing risk associated with our debt.
- High mortgage rates and/or unavailability of mortgage debt may make it difficult for us to finance or refinance properties, which could reduce the number of properties we can acquire, our net income and the amount of cash distributions we can make.
- Some of our mortgage loans may have “due on sale” provisions, which may impact the manner in which we acquire, sell and/or finance our properties.
- We may be adversely affected by our use of SOFR as the base rate for our unsecured debt due to SOFR’s limited history compared to other benchmark rates and its potential to be volatile.
- Issuances of additional debt may adversely impact our financial condition.
- Failure to maintain our current credit ratings could adversely affect our cost of funds, related margins, liquidity and access to capital markets.
- Compliance with Laws
- We are subject to significant regulations, which could adversely affect our results of operations through increased costs and/or an inability to pursue business opportunities.
- The costs of compliance with environmental laws and regulations may adversely affect our net income and the cash available for any distributions.
- Costs associated with addressing indoor air quality issues, moisture infiltration and resulting mold remediation may be costly.
- Our costs associated with and the risk of failing to comply with the Americans with Disabilities Act may affect our net income.
- We must comply with the Fair Housing Amendments Act of 1988 (the “FHAA”), and failure to comply could result in substantial costs.
- The adoption of, or changes to, rent control, rent stabilization, eviction, tenants’ rights and similar laws and regulations in our markets could have an adverse effect on our results of operations and property values.
- Legislative or regulatory action could adversely affect the returns to our investors.
- Dividends paid by REITs do not qualify for the reduced tax rates provided under current law.
- We may decide to borrow funds to satisfy our REIT minimum distribution requirements, which could adversely affect our overall financial performance.
- If we fail to maintain our qualification as a REIT, we will be subject to tax on our income, and the amount of distributions we make to our stockholders will be less.
- The ability of our Board of Directors to revoke our REIT election without stockholder approval may cause adverse consequences to our stockholders.
- To maintain our qualification as a REIT, we must meet annual distribution requirements, which may result in our distributing amounts that may otherwise be used for our operations.
- Complying with REIT requirements may cause us to forgo otherwise attractive opportunities.
- Certain of our business activities are potentially subject to the prohibited transaction tax, which could reduce the return on any investment in our securities.
- The use of TRSs would increase our overall tax liability.
- If our operating partnership, IROP, is not treated as a partnership or disregarded entity for U.S. federal income tax purposes, its income may be subject to taxation.
- Distributions to tax-exempt investors may be classified as unrelated business taxable income, or UBTI, and tax-exempt investors would be required to pay tax on such income and to file income tax returns.
- Distributions to foreign investors may be treated as an ordinary income distribution to the extent that it is made out of current or accumulated earnings and profits.
- Foreign investors may be subject to FIRPTA tax upon the sale of their shares of our stock.
Legal proceedings
We are subject to various legal proceedings and claims that arise in the ordinary course of our business operations. Matters which arise out of allegations of bodily injury, property damage, and employment practices are generally covered by insurance. While the resolution of these matters cannot be predicted with certainty, we currently believe the final outcome of such matters will not have a material adverse effect on our financial position, results of operations or cash flows.
On July 2, 2025, the Attorney General of Kentucky filed a complaint against RealPage and nine other defendants who own and/or manage multifamily residential rental housing, including IRT, on behalf of the Commonwealth of Kentucky, also alleging that the defendants conspired to fix, raise, maintain, and stabilize rent prices in violation of Section 1 of the Sherman Act. On September 15, 2025, IRT and other defendants in the complaint filed motions to dismiss the case. On February 2, 2026, the court denied the motions to dismiss. This proceeding is in the early stages, and it is not possible for the Company to predict the outcome nor is it possible to estimate the amount of loss, if any, which may be associated with an adverse decision in this matter. We deny all allegations of wrongdoing in connection with the complaint and intend to defend against these claims vigorously. We are engaged in certain other legal proceedings, as disclosed in Note 12, “Commitments and Contingencies”, which disclosure is incorporated herein by reference.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARJames J. Sebra, President
- 17SEC EDGARFarrell M. Ender, President
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- 22SEC EDGARJames J. Sebra, Board member
- 23SEC EDGARCraig Macnab, Board member
- 24SEC EDGARLisa Washington, Board member
- 25SEC EDGARNed Brines, Board member
- 26SEC EDGARRio Ana Marie Del, Board member
- 27SEC EDGARStephen R. Bowie, Board member
- 28SEC EDGARThomas H. Purcell, Board member
- 29SEC EDGARMelinda H. McClure, Board member
- 30SEC EDGARRichard D. Gebert, Board member
- 31SEC EDGARMack D. Pridgen Iii., Board member
- 32SEC EDGARSharon M. Tsao, Board member
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- 34SEC EDGARRobert F. McCadden, Board member
- 35SEC EDGARWilliam C. Dunkelberg, Board member
- 36SEC EDGARJessica K. Norman, General counsel
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- 39SEC EDGARRegulation FD disclosure
- 40SEC EDGARFinancial statements and exhibits
- 41SEC EDGAREntered a material agreement
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- 44SEC EDGAREnded a material agreement
- 45SEC EDGARRegulation FD disclosure
- 46SEC EDGARShareholder vote
- 47SEC EDGARRegulation FD disclosure
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- 49SEC EDGARRegulation FD disclosure
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