INDEPENDENCE REALTY TRUST, INC.
Close on Oct 19, 2026
- Market cap
- $3.42B
- P/E (TTM)
- 80.5
- Dividend yield
- 4.62%
About Independence Realty Trust
Real Estate Investment Trusts, SIC 6798
Independence Realty Trust is a self-managed real estate investment trust that acquires, owns, improves, and operates multifamily apartment communities. The company provides residential rental housing along with property management, leasing, and maintenance services through a dedicated subsidiary. Its operational structure consists of two reportable business segments: same-store and non same-store properties. IRT serves residential tenants who enter into apartment leases, which typically carry durations of one year or less.
The enterprise focuses on non-gateway markets across twelve Southeastern and Midwestern states, comprising Alabama, Colorado, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, and Texas. Its portfolio includes 114 owned and operated apartment properties encompassing 33,462 residential units, in addition to development projects and unconsolidated joint venture interests. The company maintains no international operations and employs 904 individuals within the United States. Its corporate headquarters are located in Philadelphia, Pennsylvania.
Summary of the business section of Independence Realty Trust's latest annual report, written by StockData.
Company profile
Company
- Legal name
- INDEPENDENCE REALTY TRUST, INC.
- Founded
- 2009
- Headquarters
- Philadelphia, PA
- Address
- 1835 Market Street, Suite 2601 19103
- Phone
- (267) 270-4800
- Website
- irtliving.com
- Employees
- 904, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- KPMG LLP, Philadelphia, Pennsylvania
Stock & identifiers
- Ticker
- IRT
- Exchange
- NYSE
- IPO date
- Aug 13, 2013
- Shares outstanding
- 236M, Jul 29, 2026
- Public float
- $4.21B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1466085
- CUSIP
- 45378A106
- ISIN
- US45378A1060
- LEI
- 549300Z3L8NU44NQEB29
- EIN
- 26-4567130
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Scott Schaeffer | Chair Board and CEO, Director | 1,000,879 |
| James J. Sebra | President and CFO, Director | 404,484 |
| John J. Reyle | Executive Vice President | – |
| Jason R. Delozier | Chief Accounting Officer | 55,981 |
| Richard D. Gebert | Director | 41,569 |
| Craig Macnab | Director | 16,991 |
| Melinda H. McClure | Director | 50,569 |
| DeForest B. Soaries Jr. | Director | 68,984 |
| Lisa Washington | Director | 30,644 |
| Rio Ana Marie del | Director | 76,792 |
| Ned Brines | Director | 66,966 |
| Stephen R. Bowie | Director | 46,039 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $5.27M | $4.29M | $1.62M | $152 | $127 |
| FY2024 | $5.03M | $8.84M | $1.48M | $161 | $124 |
| FY2023 | $4.85M | $2.91M | $1.44M | $124 | $118 |
| FY2022 | $4.86M | $583.50K | $1.75M | $131 | $106 |
| FY2021 | $4.52M | $15.56M | $1.45M | $191 | $141 |
| FY2020 Scott Schaeffer | $3.50M | $5.38M | $1.08M | $99 | $95 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 904 employees, all of whom were employed in the United States, and none of whom are covered by collective bargaining agreements.”
Corporate history
Events identified from SEC filings