Independence Realty Trust (IRT) Projected to Announce Earnings on Monday

Key Points

• Independence Realty Trust is expected to report Q3 2026 results after the market closes on November 2. Analysts project earnings of $0.0452 per share and revenue of $171.43 million; management’s full-year EPS guidance is $1.13–$1.15.
• The REIT’s previous quarter fell well short of earnings expectations, reporting $0.01 EPS versus the $0.27 consensus, although revenue increased 3.2% year over year to $167.24 million.
• IRT shares opened at $14.96, near their one-year low, while the company maintains a $0.18 quarterly dividend, equivalent to a 4.8% yield. Analysts collectively rate the stock “Moderate Buy,” with an average price target of $19.39.

Independence Realty Trust (NYSE:IRT - Get Free Report) is projected to post its Q3 2026 results after the market closes on Monday, November 2nd. Analysts expect the company to post earnings of $0.0452 per share and revenue of $171.43 million for the quarter. Independence Realty Trust has set its FY 2026 guidance at 1.130-1.150 EPS. Interested persons may visit the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, October 29, 2026 at 9:00 AM ET.

Independence Realty Trust (NYSE:IRT - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.26). Independence Realty Trust had a return on equity of 1.22% and a net margin of 6.52%. The business had revenue of $167.24 million during the quarter, compared to the consensus estimate of $166.93 million. During the same period in the prior year, the firm earned $0.28 EPS. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts expect Independence Realty Trust to post $1.14 EPS for the current fiscal year and $1.19 EPS for the next fiscal year.

Independence Realty Trust Trading Up 0.0%

Shares of IRT stock opened at $14.96 on Monday. The firm's fifty day moving average price is $15.35 and its two-hundred day moving average price is $16.07. Independence Realty Trust has a 1 year low of $14.33 and a 1 year high of $17.79. The firm has a market capitalization of $3.53 billion, a P/E ratio of 83.14 and a beta of 0.96.

Independence Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Wednesday, September 30th were issued a $0.18 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.72 annualized dividend and a dividend yield of 4.8%. Independence Realty Trust's dividend payout ratio (DPR) is presently 400.00%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IRT. UBS Group dropped their target price on Independence Realty Trust from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, October 14th. Wells Fargo & Company reduced their price target on Independence Realty Trust from $19.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, October 19th. Wall Street Zen upgraded Independence Realty Trust from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 15th. Royal Bank Of Canada boosted their price target on Independence Realty Trust from $18.00 to $19.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Finally, Barclays lowered their price target on Independence Realty Trust from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Independence Realty Trust has an average rating of "Moderate Buy" and an average target price of $19.39.

About Independence Realty Trust

Independence Realty Trust, Inc NYSE: IRT is a real estate investment trust that owns, operates and acquires multifamily apartment communities in the United States. The company focuses on providing rental housing, with properties generally located in markets that offer population growth, employment opportunities and attractive long-term housing demand.

IRT's portfolio is concentrated primarily in the Southeast and other select U.S. growth markets, including communities in states such as Georgia, North Carolina, South Carolina, Tennessee, Florida, Texas and Colorado.

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