Independence Realty Trust Inc - Company Profile
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Independence Realty Trust Inc (IRT) is a self-administered real estate investment trust that acquires, owns, operates, improves, and manages multifamily apartment communities. Its activities include owning, managing, leasing, renovating, and maintaining multifamily residential properties. The company provides apartment homes, leasing services, resident support, property maintenance, online resident portals, flexible rent-payment options, and community amenities. Its associated brands include IRT Living, which represents its residential operations, and IRT Build, which oversees apartment renovations. The company serves current and prospective renters, including individuals, families, pet owners, students, professionals, and remote workers seeking residential housing. Its properties support everyday living through features such as fitness centers, pools, coworking areas, business centers, pet facilities, outdoor spaces, and package services. IRT is headquartered in Philadelphia, Pennsylvania, the US.
Headquarters
United States of America
Address
1835 Market Street, Suite 2601, Philadelphia, Pennsylvania, 19103
Website
www.irtliving.com
Telephone
1 267 2704800
No of Employees
904
Industry
Construction
Ticker Symbol & Exchange
IRT (NYSE)
Revenue (2024)
$657.7M
2.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
43.9%
(2024 vs 2023)
Market Cap*
$3.5B
Net Profit Margin (2024)
XYZ
40.1%
(2024 vs 2023)
* As of and is in US$
Independence Realty Trust Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Real Estate Investment |
| Property Management |
| Multifamily Services |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2021 | Others | In December, the company announced its operating partnership, Independence Realty Operating Partnership LP entered into an amended and restated unsecured credit facility. |
| 2021 | Regulatory Approval | In December, the company secured stockholders approval to merge with Steadfast Apartment REIT, Inc, a real estate investment trust company. |
| 2021 | Contracts/Agreements | In July, the company entered into a definitive merger agreement to merge with Steadfast Apartment REIT, Inc. |
Competitor Comparison
| Key Parameters | Independence Realty Trust Inc | Vivmark Residential | AvalonBay Communities Inc | Brixmor Property Group Inc | Apartment Investment and Management Co |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Philadelphia | Chicago | Arlington | New York | Denver |
| State/Province | Pennsylvania | Illinois | Virginia | New York | Colorado |
| No. of Employees | 904 | 2,400 | 3,011 | 464 | 50 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jamie Reyle | General Counsel - General Counsel | Senior Management | - | - |
| Jim Sebra | Chief Financial Officer and President | Senior Management | - | - |
| Scott F. Schaeffer | Chairman; Chief Executive Officer | Executive Board | 2013 | 62 |
| James J. Sebra | Chief Financial Officer; Director; President; Treasurer | Executive Board | 2024 | 49 |
| Jason Delozier | Chief Accounting Officer | Senior Management | 2018 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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