Independence Realty TrustNYSE: IRT

Independence Realty Trust is one of the few REITs that has seen a positive return in 2024. Net debt makes up only 38% of its enterprise value, and the company has almost finished its non-core disposal program. Thanks to hedging, the weighted average cost of debt is just 4.2%, with minimal maturities until 2028.

Independence Realty Trust has outperformed competitors and the Vanguard Real Estate ETF in terms of total return which makes it a strong contender. The recent earnings report showed mixed financial performance, with a decrease in net income but increased revenue, NOI, and portfolio occupancy. IRT is implementing a portfolio optimization and debt reduction strategy, selling properties and reducing debt to improve financials.

Independence Realty Trust (IRT) came out with quarterly funds from operations (FFO) of $0.30 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.29 per share a year ago.

Independence Realty's (IRT) recent property sales underscore the company's dedication to its strategic objectives, including portfolio optimization and debt reduction.

Independence Realty Trust is a REIT focused on multi-family apartment communities in secondary markets. The portfolio is spread across many markets in the attractive Sunbelt region. The REIT has shown strong performance with high occupancy rates and growth in revenue and operating income.

Investors interested in stocks from the REIT and Equity Trust - Residential sector have probably already heard of Office Properties Income Trust (OPI) and Independence Realty Trust (IRT). But which of these two stocks offers value investors a better bang for their buck right now?

Independence Realty Trust has benefited from the migration of people from expensive coastal cities to the Sunbelt and Midwest during the pandemic. IRT's financial management has improved, with lower leverage ratios and a rebounding dividend following the 2020 dividend cut. The Midwest market is expected to hold up well, positioning IRT's portfolio favorably compared to oversupplied markets in the Sunbelt.

Investors interested in stocks from the REIT and Equity Trust - Residential sector have probably already heard of Office Properties Income Trust (OPI) and Independence Realty Trust (IRT). But which of these two stocks offers value investors a better bang for their buck right now?

Independence Realty Trust (IRT) came out with quarterly funds from operations (FFO) of $0.28 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.26 per share a year ago.