Independence Realty Trust, Inc. (IRT) Swings to Q4 Profit With $33.3M in Net Income

Independence Realty Trust, Inc. (NYSE:IRT) is among the 20 Best Investments in 2026.

Independence Realty Trust, Inc. (NYSE:IRT) is among the best investments.

TheFly reported on February 18 that Citi reduced its price target for IRT to $18 from $19.50 and maintained a Neutral rating on the stock.

The fourth quarter and year-end results of Independence Realty Trust, Inc. (NYSE:IRT), which concluded on December 31, 2025, were also released on February 11. The company’s fourth quarter net income attributable to common shareholders was $33.3 million, or $0.14 per diluted share, compared to a net loss during the same period last year. Core FFO remained constant at $78.9 million, or $0.32 per share, compared to the same time in 2024. Adjusted EBITDA increased to $98.5 million, while same-store NOI was up 1.8%.

Additionally, the reports showed that Core FFO was $279.8 million, or $1.17 per share, while net income for the entire year was $56.6 million, or $0.24 per diluted share. NOI at the same store increased 2.4% during the year. In addition, the business announced a new $350 million unsecured term loan that will mature in 2030 and provided a 2026 projection, predicting EPS of $0.21–$0.28 and Core FFO per share of $1.12–$1.16.

Independence Realty Trust, Inc. (NYSE:IRT) is a REIT that owns, manages, and develops multifamily residential properties across the U.S., focusing on high-quality apartments and long-term tenant satisfaction.

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