independence realty trust inc (irt) is a real estate company located in cira centre, 2929 arch street 17th floor, philadelphia, pa 19104, united states, philadelphia, pennsylvania, united states.
Company profile
Ticker
IRT
Exchange
Website
CEO
Scott Schaeffer
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
EMPIRE AMERICAN REALTY TRUST INC, INDEPENDENCE REALTY TRUST, INC
SEC CIK
Corporate docs
Subsidiaries
Adley Craig Ranch Apartments Owner, LLC • Bayview Club Apartments Indiana, LLC • Bennington Pond Managing Member, LLC • Bennington Pond, LLC • Bridgeview Apartments, LLC • Brookside CRA-B1, LLC • Brunswick Point North Carolina, LLC • Chelsea Square Apartments Holding Company, LLC • Cherry Grove South Carolina, LLC • Creekside Corners Georgia, LLC ...
IRS number
264567130
IRT stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
21 Mar 24
ARS
2023 FY
Annual report to shareholders
21 Mar 24
DEF 14A
Definitive proxy
21 Mar 24
8-K
Independence Realty Trust Appoints Craig Macnab to its Board of Directors
1 Mar 24
10-K
2023 FY
Annual report
28 Feb 24
8-K
Independence Realty Trust Announces Fourth Quarter and Full Year 2023 Financial Results
14 Feb 24
UPLOAD
Letter from SEC
17 Jan 24
CORRESP
Correspondence with SEC
4 Jan 24
UPLOAD
Letter from SEC
20 Dec 23
8-K
INVESTOR PRESENTATION November 2023 Destination at Arista Broomfield, CO
13 Nov 23
Transcripts
IRT
Earnings call transcript
2023 Q4
15 Feb 24
IRT
Earnings call transcript
2023 Q3
31 Oct 23
IRT
Earnings call transcript
2023 Q2
27 Jul 23
IRT
Earnings call transcript
2023 Q1
27 Apr 23
IRT
Earnings call transcript
2022 Q4
16 Feb 23
IRT
Earnings call transcript
2022 Q3
27 Oct 22
IRT
Earnings call transcript
2022 Q2
28 Jul 22
IRT
Earnings call transcript
2022 Q1
4 May 22
IRT
Earnings call transcript
2021 Q4
17 Feb 22
IRT
Earnings call transcript
2021 Q3
28 Oct 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 48.99 mm | 48.99 mm | 48.99 mm | 48.99 mm | 48.99 mm | 48.99 mm |
Cash burn (monthly) | (no burn) | 882.83 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 5.88 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 43.11 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 48.8 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
83.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 343 |
Opened positions | 45 |
Closed positions | 38 |
Increased positions | 101 |
Reduced positions | 134 |
13F shares | Current |
---|---|
Total value | 2.63 tn |
Total shares | 188.01 mm |
Total puts | 53.30 k |
Total calls | 44.40 k |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 34.78 mm | $489.36 bn |
Vanguard | 32.51 mm | $457.44 bn |
STT State Street | 13.71 mm | $195.04 bn |
Long Pond Capital | 8.95 mm | $125.88 bn |
MCQEF Macquarie | 8.89 mm | $125.14 bn |
T. Rowe Price Investment Management | 8.55 mm | $120.98 bn |
Geode Capital Management | 5.21 mm | $73.34 bn |
Thrivent Financial For Lutherans | 3.89 mm | $55.08 bn |
Ranger Global Real Estate Advisors | 3.54 mm | $49.80 bn |
Dimensional Fund Advisors | 3.19 mm | $44.94 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Mar 24 | James J Sebra | Common Stock | Payment of exercise | Dispose F | No | No | 15.42 | 1,517 | 23.39 k | 343,194 |
2 Mar 24 | Jason R Delozier | Common Stock | Payment of exercise | Dispose F | No | No | 15.42 | 373 | 5.75 k | 42,256 |
2 Mar 24 | Scott Schaeffer | Common Stock | Payment of exercise | Dispose F | No | No | 15.42 | 3,254 | 50.18 k | 815,509 |
1 Mar 24 | James J Sebra | Common Stock | Payment of exercise | Dispose F | No | No | 15.42 | 4,699 | 72.46 k | 344,711 |
1 Mar 24 | Jason R Delozier | Common Stock | Payment of exercise | Dispose F | No | No | 15.42 | 1,124 | 17.33 k | 42,629 |
1 Mar 24 | Scott Schaeffer | Common Stock | Payment of exercise | Dispose F | No | No | 15.42 | 10,511 | 162.08 k | 818,763 |
26 Feb 24 | Weisbaum Michele R. | Common Stock | Grant | Acquire A | No | No | 0 | 7,088 | 0.00 | 17,194 |
News
Baird Maintains Outperform on Independence Realty Trust, Raises Price Target to $17
12 Mar 24
Rising Rents Complicates Fed's Disinflation Goal, Offers Tailwind To Residential REIT Stocks
11 Mar 24
The Latest Analyst Ratings For Independence Realty Trust
6 Mar 24
JMP Securities Maintains Market Outperform on Independence Realty Trust, Raises Price Target to $17
6 Mar 24
RBC Capital Maintains Outperform on Independence Realty Trust, Raises Price Target to $17
16 Feb 24
Press releases
Independence Realty Trust Announces First Quarter 2024 Earnings Release and Conference Call Dates
8 Apr 24
Independence Realty Trust Completes Sale of Three Additional Properties as Part of Portfolio Optimization and Deleveraging Strategy
2 Apr 24
Independence Realty Trust Announces 2023 Sustainability Report
1 Apr 24
Independence Realty Trust Announces First Quarter 2024 Dividend
11 Mar 24
Independence Realty Trust Receives Investment Grade Credit Rating from Fitch
4 Mar 24