IRT  valuation analysis

Basics
Name: Independence Realty Trust, Inc
Description: Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. (more)
Industry: REIT-Residential
Last 10Qℹ10Qs are quarterly reports which contain a company's financial figures. We use these to calculate the FFER.: Apr 28, 2021
Market cap: $1.88B (642nd)
Sales(TTM): $215.67M (793rd)
Earnings(TTM): $16.34M (633rd)
Value
FFER: 1.21 (why)
Actual price: $18.41
FFEℹThis is Independence Realty Trust, Inc's the estimated price. FFEs are the denominator of the FFER ratio.: $14.07
Quantile: IRT is very expensive given its fundamentals.
Prices as of EOD 2021-06-16
Price & Estimates
Sales & Earnings history (TTM)
Notable
No notables found through heuristics.
Earnings / MarketCap
● Independence Realty Trust, Inc
● "REIT-Residential" industry
Sales / MarketCap
● Independence Realty Trust, Inc
● "REIT-Residential" industry
Book / MarketCap
● Independence Realty Trust, Inc
● "REIT-Residential" industry
Equity / Assets
● Independence Realty Trust, Inc
● "REIT-Residential" industry
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IRT
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Earnings were reported Apr 28, 2021 but we do not yet have the financials for this quarter. This is probably because the company has simply not yet released their full quarterly financials. However, this might also be a problem with data quality on our end. Regardless, after earnings are released, we cannot calculate the FFER without updated financials.
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Company description

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.

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FFER components

A handful of financial components go into the FFER. Below are the relative values for IRT. You can read more here.

Red = higher FFERs. Blue = lower FFERs.
Price/Salesvery expensive
Price/Earningsvery expensive
Price/Operating Incomeexpensive
Price/Bookaverage
Debt Ratioaverage
Dividend Yieldvery high
Sales growth (1y)average
Sales growth (3y)high
Earnings growth (1y)low
Earnings growth (3y)low
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