INDEPENDENCE REALTY TRUST, INC. (IRT)

Independence Realty Trust, Inc. is a real estate investment trust, which acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It aims to provide stockholders risk-adjusted returns through diligent portfolio management, operational performance and consistent return of capital through distributions and capital appreciation. The company was founded on March 26, 2009 and is headquartered in Philadelphia, PA.

Address

1835 MARKET STREET
PHILADELPHIA, PA 19103

Founded

2009

Number of Employees

952

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
- $52 $133 $506 - $521 - $39 $1,283 $641 $582 $470
Average Price - $9.52 $6.80 $9.28 - $10.44 - $16.36 $25.17 $16.52 $15.46 $14.49
# Shares Purchased - 5,483 19,541 54,460 - 49,928 - 2,401 50,969 38,774 37,651 32,401
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date - 110.1% 194.0% 115.4% - 91.5% - 22.2% -20.5% 21.0% 29.4% 38.0%
S&P 500 Return to Date - 173.0% 168.6% 129.7% - 93.1% - 31.7% 37.3% 31.3% 7.4% 84.0%
Excess Total Return - -62.9% 25.4% -14.3% - -1.6% - -9.4% -57.8% -10.3% 22.0% -46.0%
Quartile Rank
Percentile Rank - 61% 76% 72% - 73% - 64% 28% 62% 87% 65%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.