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Independence Realty Trust Inc. (IRT) logo

Independence Realty Trust Inc.

S&P 500

IRT/Real Estate · REIT - Residential/NYSE

Dividend Yield

4.25%

$0.68 · Annual Dividend

Stock Price$16.76P/E79.1MCap3.9BLast update: Jun 26, 2026 at 06:56

Dividend Safety Rating

54/ 100Caution

IRT's dividend shows some areas that warrant monitoring. Strengths include a 52.1% ffo payout ratio & 69.2 debt-to-equity. Areas of concern: 130.3% fcf payout ratio & 1.7x interest coverage. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.

Based on 15 of 15 metrics

Strengths

  • FFO Payout Ratio: 52.1%Dividends are well covered by funds from operations (FFO).
  • Debt-to-Equity: 69.2Conservative debt level relative to equity.
  • Gross Margin: 57.4%High gross margin signals strong pricing power.

Risks

  • FCF Payout Ratio: 130.3%Free cash flow is tight relative to the dividend.
  • Current Ratio: 0.5xLimited short-term liquidity to meet obligations.
  • Return on Equity: 1.4%Return on equity is below industry norms.

Payout & Coverage

Caution
52.1%Very Safe
130.3%Danger
51.7%Caution

Balance Sheet

Caution
0.5xDanger
69.2Very Safe

Profitability

Caution
12.6%Caution
57.4%Very Safe

Dividend Track Record

Safe
11+ yrsVery Safe
NoneVery Safe
Mostly StableCaution

About Independence Realty Trust Inc.

Independence Realty Trust Inc. is a real estate investment trust (REIT) primarily engaged in the ownership, operation, and management of multifamily apartment communities. The company's primary function is to acquire and operate apartment communities that provide high-quality living experiences, mainly in geographic regions with promising economic prospects and population growth. Independence Realty Trust Inc. focuses on enhancing the value of its properties through strategic acquisitions, operational efficiencies, and proactive management approaches. This REIT's portfolio is notable for its emphasis on properties in the Sunbelt region of the United States, a sector experiencing robust demand due to economic expansion and favorable demographic trends. By investing in areas with strong job growth and housing demand, the company supports the growing need for residential housing solutions. Independence Realty Trust Inc. plays a crucial role in the financial market by offering investors exposure to the residential real estate market, enabling them to benefit from potential rental income and property value appreciation without owning physical real estate directly. As part of its market significance, the trust contributes to the diversification of investment portfolios with a focus on income stability and capital growth potential.

Dividend Overview

Dividend Yield

4.25%

Annual Dividend

$0.68

Frequency

Quarterly

Payout Ratio

340.00%

FCF Payout Ratio

130.33%

52-Week Range

$14.60 - $18.18

Dividend History (2016–2025)

IRT annual dividend per share and yield history

Earnings & Profitability

IRT earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

June 26, 2026

Next Payment Date

July 17, 2026

Dividend Growth

3-Year Dividend CAGR

7.46%

5-Year Dividend CAGR

4.41%

10-Year Dividend CAGR

-0.72%

3-Year Total Growth

24.07%

5-Year Total Growth

24.07%

10-Year Total Growth

-6.94%

Income Calculator

IRT Dividend Calculator

Total Investment

$1,676.00

Annual Income

$68.00

Quarterly Income

$17.00

Monthly Income

$5.67

Frequently Asked Questions

What is IRT's current dividend yield?
Independence Realty Trust Inc. (IRT) currently has a dividend yield of 4.25%, based on a stock price of $16.76 and an annual dividend of $0.68.
When is IRT's next dividend payment date?
IRT's next ex-dividend date is 2026-06-26 and the next payment date is 2026-07-17. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does IRT pay in dividends per year?
Independence Realty Trust Inc. paid $0.67 per share in annual dividends in 2025. The dividends are paid quarterly.
Has IRT been increasing its dividend?
Independence Realty Trust Inc. has grown its dividend at a 5-year CAGR of 4.41% and a 10-year CAGR of -0.72%.
Is IRT's dividend safe?
Independence Realty Trust Inc. has a payout ratio of 340.00%. Its free cash flow payout ratio is 130.33%. The payout ratio is above 100%, which may indicate the company is paying more in dividends than it earns. This could be unsustainable long-term.
How is IRT's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Independence Realty Trust Inc.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for real estate companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.