Independence Realty Trust Inc
Independence Realty Trust, Inc. (NYSE: IRT), an S&P 400 MidCap Company, is a real estate investment trust ("REIT") that owns and operates multifamily communities, across non-gateway U.S. markets. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT's main objective is to… Read more
Independence Realty Trust Inc (IRT) - Net Assets
Latest net assets as of December 2025: $3.46 Billion USD
Based on the latest financial reports, Independence Realty Trust Inc (IRT) has net assets worth $3.46 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.02 Billion) and total liabilities ($2.56 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.46 Billion |
| % of Total Assets | 57.46% |
| Annual Growth Rate | 83.84% |
| 5-Year Change | -5.0% |
| 10-Year Change | 554.43% |
| Growth Volatility | 5468.42 |
Independence Realty Trust Inc - Net Assets Trend (2009–2025)
This chart illustrates how Independence Realty Trust Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Independence Realty Trust Inc (2009–2025)
The table below shows the annual net assets of Independence Realty Trust Inc from 2009 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.46 Billion | -3.22% |
| 2024-12-31 | $3.58 Billion | +0.22% |
| 2023-12-31 | $3.57 Billion | -4.57% |
| 2022-12-31 | $3.74 Billion | +2.63% |
| 2021-12-31 | $3.64 Billion | +410.97% |
| 2020-12-31 | $712.77 Million | +15.01% |
| 2019-12-31 | $619.76 Million | -1.63% |
| 2018-12-31 | $630.04 Million | -2.49% |
| 2017-12-31 | $646.12 Million | +22.21% |
| 2016-12-31 | $528.69 Million | +35.55% |
| 2015-12-31 | $390.03 Million | +48.28% |
| 2014-12-31 | $263.03 Million | +251.14% |
| 2013-12-31 | $74.91 Million | +47.31% |
| 2012-12-31 | $50.85 Million | +8.06% |
| 2011-12-31 | $47.06 Million | +22641.90% |
| 2010-12-31 | $206.92K | +1.83% |
| 2009-12-31 | $203.20K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Independence Realty Trust Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 46432039.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.37 Million | 0.07% |
| Other Components | $4.01 Billion | 115.98% |
| Total Equity | $3.46 Billion | 100.00% |
Independence Realty Trust Inc Competitors by Market Cap
The table below lists competitors of Independence Realty Trust Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Morningstar Inc
NASDAQ:MORN
|
$3.80 Billion |
|
Do-Fluoride Chemicals Co Ltd
SHE:002407
|
$3.81 Billion |
|
Commercial International Bank
OTCQX:CIBEY
|
$3.81 Billion |
|
Regency Centers Corporation 6.25% Series A Cumulative Redeemable Preferred Stock
NASDAQ:REGCP
|
$3.81 Billion |
|
Hamilton Lane Inc
NASDAQ:HLNE
|
$3.80 Billion |
|
New Hope Liuhe Co Ltd
SHE:000876
|
$3.80 Billion |
|
AU Optronics Corp
PINK:AUOTY
|
$3.80 Billion |
|
Getinge AB
PINK:GNGBF
|
$3.80 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Independence Realty Trust Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,442,275,000 to 3,459,936,000, a change of 17,661,000 (0.5%).
- Net income of 56,558,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 26,065,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $56.56 Million | +1.63% |
| Other Comprehensive Income | $-26.07 Million | -0.75% |
| Other Changes | $-12.83 Million | -0.37% |
| Total Change | $- | 0.51% |
Book Value vs Market Value Analysis
This analysis compares Independence Realty Trust Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 753.89x to 1.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | $0.02 | $16.02 | x |
| 2011-12-31 | $0.01 | $16.02 | x |
| 2012-12-31 | $0.32 | $16.02 | x |
| 2013-12-31 | $14.05 | $16.02 | x |
| 2014-12-31 | $11.67 | $16.02 | x |
| 2015-12-31 | $10.07 | $16.02 | x |
| 2016-12-31 | $9.71 | $16.02 | x |
| 2017-12-31 | $8.48 | $16.02 | x |
| 2018-12-31 | $7.13 | $16.02 | x |
| 2019-12-31 | $6.78 | $16.02 | x |
| 2020-12-31 | $7.48 | $16.02 | x |
| 2021-12-31 | $31.69 | $16.02 | x |
| 2022-12-31 | $16.12 | $16.02 | x |
| 2023-12-31 | $15.29 | $16.02 | x |
| 2024-12-31 | $15.26 | $16.02 | x |
| 2025-12-31 | $14.58 | $16.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Independence Realty Trust Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.60%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.74x
- Recent ROE (1.63%) is above the historical average (-6.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 1.82% | 69.40% | 0.03x | 1.02x | $-16.77K |
| 2011 | -128.74% | -1.29% | 0.07x | 1509.79x | $-120.70K |
| 2012 | -3.49% | -0.65% | 0.11x | 47.28x | $-417.20K |
| 2013 | 0.83% | 3.13% | 0.11x | 2.43x | $-6.87 Million |
| 2014 | 1.17% | 5.98% | 0.07x | 2.76x | $-22.19 Million |
| 2015 | 7.76% | 25.77% | 0.08x | 3.82x | $-8.17 Million |
| 2016 | -1.93% | -6.39% | 0.12x | 2.55x | $-60.48 Million |
| 2017 | 4.84% | 18.74% | 0.11x | 2.32x | $-32.20 Million |
| 2018 | 4.22% | 13.75% | 0.12x | 2.66x | $-36.01 Million |
| 2019 | 7.48% | 22.58% | 0.12x | 2.71x | $-15.43 Million |
| 2020 | 2.09% | 6.97% | 0.12x | 2.45x | $-56.04 Million |
| 2021 | 1.28% | 17.82% | 0.04x | 1.87x | $-303.49 Million |
| 2022 | 3.26% | 18.65% | 0.10x | 1.82x | $-242.42 Million |
| 2023 | -0.50% | -2.61% | 0.11x | 1.83x | $-360.36 Million |
| 2024 | 1.14% | 6.14% | 0.11x | 1.76x | $-304.94 Million |
| 2025 | 1.63% | 8.60% | 0.11x | 1.74x | $-289.44 Million |
Industry Comparison
This section compares Independence Realty Trust Inc's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $1,567,460,600
- Average return on equity (ROE) among peers: 0.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Independence Realty Trust Inc (IRT) | $3.46 Billion | 1.82% | 0.74x | $3.80 Billion |
| Apartment Investment and Management Co (AIV) | $1.90 Billion | 3.39% | 1.24x | $560.76 Million |
| American Homes 4 Rent (AMH) | $3.47 Million | -1.21% | 0.01x | $9.13 Billion |
| Altarea SCA (ATRRF) | $807.10 Million | -58.59% | 3.65x | $599.60 Million |
| AvalonBay Communities Inc (AVB) | $10.99 Billion | 7.15% | 0.74x | $22.59 Billion |
| Bluerock Homes Trust Inc. (BHM) | $461.97 Million | 7.43% | 0.17x | $26.77 Million |
| Boardwalk Real Estate Investment Trust (BOWFF) | $8.10 Million | 4.94% | 13.70x | $1.81 Billion |
| BRT Realty Trust (BRT) | $132.06 Million | 9.09% | 0.50x | $165.50 Million |
| BSR Real Estate Investment Trust (BSRTF) | $975.75 Million | 23.29% | 1.11x | $404.42 Million |
| Canadian Apartment Properties REIT (CDPYF) | $204.11 Million | 8.76% | 1.59x | $4.34 Billion |
| Clipper Realty Inc (CLPR) | $185.59 Million | -1.27% | 4.67x | $39.85 Million |