
IRT Stock Forecast & Price Target
IRT Analyst Ratings
Bulls say
Independence Realty Trust (IRT) has demonstrated resilience and superior performance compared to its Sunbelt peers, with expectations for market improvements in 2025 that could enhance its growth trajectory. The company's redevelopment pipeline is anticipated to drive higher-than-expected Adjusted Funds From Operations (AFFO) growth, while IRT's strong pricing power in affordable markets positions it favorably amidst increasing demand. Additionally, the ongoing balance sheet improvements and consistent earnings growth further reinforce a positive outlook for the company, supported by robust demand dynamics in its Sunbelt portfolio.
Bears say
Independence Realty Trust (IRT) has faced several headwinds leading to a negative outlook, primarily stemming from diminished blended lease growth due to increased new supply, which prompted the company to downgrade its same-store revenue (SS Revenue) guidance twice this year. The ROI on IRT's value-add renovations has declined significantly, dropping to 16.9% from a previous peak of 21.7%, indicating a deterioration in the effectiveness of its investment strategies. Furthermore, potential economic uncertainties, such as increased vacancies from shifts toward single-family rentals and a possible employment downturn, further heighten the risks associated with IRT's portfolio.
This aggregate rating is based on analysts' research of Independence Realty Trust and is not a guaranteed prediction by Public.com or investment advice.
IRT Analyst Forecast & Price Prediction
Start investing in IRT
Order type
Buy in
Order amount
Est. shares
0 shares