Professional
Added to YB: 2025-08-08
Pitch date: 2025-06-30
IRT [neutral]
Independence Realty Trust, Inc.
-11.7%
current return
Author Info
No bio for this author
Company Info
Independence Realty Trust, Inc., an S&P 400 MidCap Company, is a real estate investment trust that owns and operates multifamily communities across non-gateway U.
Market Cap
$3.4B
Pitch Price
$16.65
Price Target
N/A
Dividend
4.96%
EV/EBITDA
15.70
P/E
80.97
EV/Sales
8.79
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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