Independence Realty Trust Inc.
S&P 500IRT/Real Estate · REIT - Residential/NYSE
Dividend Yield
4.25%
$0.68 · Annual Dividend
Dividend Safety Rating
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
CautionBalance Sheet
CautionProfitability
CautionDividend Track Record
SafeAbout 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
Frequently Asked Questions
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How is IRT's Dividend Safety Rating calculated?
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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.