Professional
Added to YB: 2025-08-08
Pitch date: 2025-06-30
IRT [neutral]
Independence Realty Trust, Inc.
-2.69%
current return
Author Info
No bio for this author
Company Info
Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.
Market Cap
$4.0B
Pitch Price
$17.40
Price Target
N/A
Dividend
3.94%
EV/EBITDA
17.87
P/E
143.22
EV/Sales
9.87
Sector
Residential REITs
Category
value
Baron Real Estate Income Fund Portfolio Holding: Independence Realty Trust, Inc.
IRT (holding update): Attractive despite softer lease pricing & investor concerns over tariff impacts on low-income consumers. 33,000 affordable apartment units trading at discount to private market values & peers. Value-add program offers enhanced growth, while abating supply in markets should improve pricing power. Superior management team.
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