Independence Realty Trust Inc (IRT) - Net Assets
Based on the latest financial reports, Independence Realty Trust Inc (IRT) has net assets worth $3.52 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.10 Billion) and total liabilities ($2.58 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. Check how tangible is Independence Realty Trust Inc's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.52 Billion |
| % of Total Assets | 57.74% |
| Annual Growth Rate | 84.27% |
| 5-Year Change | -1.45% |
| 10-Year Change | 578.93% |
| Growth Volatility | 5468.36 |
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. See IRT days of operational coverage to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see IRT stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.59 Billion | +0.40% |
| 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 Comprehensive Income | $7.72 Million | 0.22% |
| Other Components | $4.01 Billion | 115.76% |
| 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 |
|---|---|
|
Alignment Healthcare LLC
NASDAQ:ALHC
|
$3.77 Billion |
|
DMG MORI AKTIENGESELLSCHAFT
XETRA:GIL
|
$3.77 Billion |
|
St Galler Kantonalbank AG
SW:SGKN
|
$3.77 Billion |
|
Crinetics Pharmaceuticals Inc
NASDAQ:CRNX
|
$3.77 Billion |
|
ZoomInfo Technologies Inc
NASDAQ:ZI
|
$3.77 Billion |
|
Taichung Commercial Bank Co Ltd
TW:2812
|
$3.77 Billion |
|
Inficon Holding
SW:IFCN
|
$3.76 Billion |
|
Spar Nord Bank
CO:SPNO
|
$3.76 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.
- Dividend payments of 154,391,000 reduced retained earnings.
- Share repurchases of 30,000,000 reduced equity.
- New share issuances of 162,441,000 increased equity.
- Other comprehensive income decreased equity by 18,343,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $56.56 Million | +1.63% |
| Dividends Paid | $154.39 Million | -4.46% |
| Share Repurchases | $30.00 Million | -0.87% |
| Share Issuances | $162.44 Million | +4.69% |
| Other Comprehensive Income | $-18.34 Million | -0.53% |
| Other Changes | $1.40 Million | +0.04% |
| 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: 1.08x
- 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 752.01x to 1.08x 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 | $15.98 | x |
| 2011-12-31 | $0.01 | $15.98 | x |
| 2012-12-31 | $0.32 | $15.98 | x |
| 2013-12-31 | $14.05 | $15.98 | x |
| 2014-12-31 | $12.22 | $15.98 | x |
| 2015-12-31 | $10.79 | $15.98 | x |
| 2016-12-31 | $10.13 | $15.98 | x |
| 2017-12-31 | $8.78 | $15.98 | x |
| 2018-12-31 | $7.21 | $15.98 | x |
| 2019-12-31 | $6.85 | $15.98 | x |
| 2020-12-31 | $7.53 | $15.98 | x |
| 2021-12-31 | $31.69 | $15.98 | x |
| 2022-12-31 | $16.12 | $15.98 | x |
| 2023-12-31 | $15.29 | $15.98 | x |
| 2024-12-31 | $15.26 | $15.98 | x |
| 2025-12-31 | $14.74 | $15.98 | 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 (-6.12%), 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 | 1.12% | 5.98% | 0.07x | 2.64x | $-23.36 Million |
| 2015 | 7.24% | 25.77% | 0.08x | 3.57x | $-10.76 Million |
| 2016 | -1.85% | -6.39% | 0.12x | 2.45x | $-62.67 Million |
| 2017 | 4.67% | 18.74% | 0.11x | 2.25x | $-34.41 Million |
| 2018 | 4.17% | 13.75% | 0.12x | 2.63x | $-36.72 Million |
| 2019 | 7.41% | 22.58% | 0.12x | 2.69x | $-16.08 Million |
| 2020 | 2.07% | 6.97% | 0.12x | 2.43x | $-56.51 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: $2,312,609,926
- Average return on equity (ROE) among peers: 6.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Independence Realty Trust Inc (IRT) | $3.52 Billion | 1.82% | 0.73x | $3.77 Billion |
| Apartment Investment and Management Co (AIV) | $1.75 Billion | 1.71% | 5.06x | $417.18 Million |
| American Homes 4 Rent (AMH) | $4.94 Billion | 0.14% | 0.64x | $11.79 Billion |
| AvalonBay Communities Inc (AVB) | $10.94 Billion | 9.18% | 0.82x | $24.99 Billion |
| Bluerock Homes Trust Inc. (BHM) | $491.99 Million | -0.20% | 0.34x | $36.64 Million |
| BRT Realty Trust (BRT) | $250.07 Million | 19.98% | 1.93x | $275.94 Million |
| Clipper Realty Inc (CLPR) | $37.20 Million | 14.08% | 19.62x | $50.73 Million |
| Camden Property Trust (CPT) | $1.83 Billion | 3.08% | 1.53x | $10.84 Billion |
| Centerspace (CSR) | $145.04 Million | 6.07% | 1.99x | $922.32 Million |
| Elme Communities (ELME) | $1.26 Billion | -2.44% | 0.48x | $178.60 Million |
| Equity Lifestyle Properties Inc (ELS) | $1.49 Billion | 17.66% | 2.57x | $12.18 Billion |
About Independence Realty Trust Inc
Independence Realty Trust, Inc. a Maryland corporation, is a self-administered and self-managed real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. As of December 31, 2025, we owned and operated 114 multifamily apartment properties (including one owned through a consolidated joint venture) that … Read more