Sign In
Buy IRT
Independence Realty Trust Earnings Calls
| Release date | Jul 29, 2026 |
| EPS estimate | $0.0326 |
| EPS actual | - |
| Revenue estimate | 166.91M |
| Revenue actual | - |
| Expected change | +/- 2.79% |
| Release date | Apr 29, 2026 |
| EPS estimate | $0.0300 |
| EPS actual | $0.260 |
| EPS Surprise | 766.67% |
| Revenue estimate | 166.346M |
| Revenue actual | 165.213M |
| Revenue Surprise | -0.681% |
| Release date | Feb 11, 2026 |
| EPS estimate | $0.0861 |
| EPS actual | $0.320 |
| EPS Surprise | 271.66% |
| Revenue estimate | 169.885M |
| Revenue actual | 166.797M |
| Revenue Surprise | -1.82% |
| Release date | Oct 29, 2025 |
| EPS estimate | $0.300 |
| EPS actual | $0.290 |
| EPS Surprise | -3.33% |
| Revenue estimate | 170.909M |
| Revenue actual | 167.138M |
| Revenue Surprise | -2.21% |
Last 4 Quarters for Independence Realty Trust
Below you can see how IRT performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Oct 29, 2025 |
| Price on release | $15.12 |
| EPS estimate | $0.300 |
| EPS actual | $0.290 |
| EPS surprise | -3.33% |
| Date | Price |
|---|---|
| Oct 23, 2025 | $16.31 |
| Oct 24, 2025 | $16.26 |
| Oct 27, 2025 | $16.16 |
| Oct 28, 2025 | $15.79 |
| Oct 29, 2025 | $15.12 |
| Oct 30, 2025 | $15.77 |
| Oct 31, 2025 | $15.93 |
| Nov 03, 2025 | $16.00 |
| Nov 04, 2025 | $16.21 |
| 4 days before | -7.30% |
| 4 days after | 7.21% |
| On release day | 4.30% |
| Change in period | -0.613% |
| Release date | Feb 11, 2026 |
| Price on release | $16.82 |
| EPS estimate | $0.0861 |
| EPS actual | $0.320 |
| EPS surprise | 271.66% |
| Date | Price |
|---|---|
| Feb 05, 2026 | $16.39 |
| Feb 06, 2026 | $16.60 |
| Feb 09, 2026 | $16.77 |
| Feb 10, 2026 | $17.06 |
| Feb 11, 2026 | $16.82 |
| Feb 12, 2026 | $15.93 |
| Feb 13, 2026 | $16.35 |
| Feb 17, 2026 | $16.41 |
| Feb 18, 2026 | $16.54 |
| 4 days before | 2.62% |
| 4 days after | -1.66% |
| On release day | -5.29% |
| Change in period | 0.92% |
| Release date | Apr 29, 2026 |
| Price on release | $16.29 |
| EPS estimate | $0.0300 |
| EPS actual | $0.260 |
| EPS surprise | 766.67% |
| Date | Price |
|---|---|
| Apr 23, 2026 | $15.85 |
| Apr 24, 2026 | $15.79 |
| Apr 27, 2026 | $15.83 |
| Apr 28, 2026 | $16.32 |
| Apr 29, 2026 | $16.29 |
| Apr 30, 2026 | $16.31 |
| May 01, 2026 | $16.25 |
| May 04, 2026 | $16.46 |
| May 05, 2026 | $16.50 |
| 4 days before | 2.78% |
| 4 days after | 1.29% |
| On release day | 0.123% |
| Change in period | 4.10% |
| Release date | Jul 29, 2026 |
| Price on release | - |
| EPS estimate | $0.0326 |
| EPS actual | - |
| Date | Price |
|---|---|
| Jul 06, 2026 | $17.15 |
| Jul 07, 2026 | $17.35 |
| Jul 08, 2026 | $16.86 |
| Jul 09, 2026 | $16.72 |
| Jul 10, 2026 | $16.74 |
Independence Realty Trust Earnings Call Transcript Summary of Q1 2026
Independence Realty Trust reported first quarter 2026 results largely in line with expectations. Same-store revenue and NOI increased, driven by stable occupancy (95.2%), a 40-basis-point increase in effective rents, and improving market fundamentals (asking rents up 2.8% year-to-date). Management emphasized three themes: portfolio stability, improving markets (reduced new supply and favorable demographic trends in target markets), and disciplined capital allocation. Concessions remain elevated but are moderating; management expects new-lease trade-outs to reach breakeven during the peak leasing season as concessions decline and asking rents rise. Value-add renovations remain a high-return use of capital (426 units completed in Q1 with a 15.4% unlevered return; full-year target 2,000–2,500 units). Balance sheet strength: no debt maturities until 2028, net debt/adjusted EBITDA of 6.5x (expected to trend to mid-5s), and continued capital recycling plans. The company has repurchased 3.7 million shares for $60 million since Q4 2025 and affirmed full-year core FFO/share guidance of $1.12–$1.16.
