IRT

Independence Realty Trust, Inc. is a real estate investment trust (REIT) company that operates within the residential REIT sector. The company has a market capitalization of $4.22 billion and employs approximately 917 individuals. From a financial perspective, Independence Realty Trust exhibits mixed profitability metrics. The company's gross margin stands at 59.9%, while its operating margin is 23.0%. Profitability, however, appears to be lower with a profit margin of 3.4%. Returns on equity (ROE) and assets (ROA) are modest at 0.6% and 1.4%, respectively. The company's balance sheet features substantial debt of $2.30 billion against cash reserves of $35.16 million, resulting in a debt-to-equity ratio of 63.60. Independence Realty Trust's valuation multiples are relatively high, with a price-to-earnings (P/E) ratio of 191.56 and forward P/E of 63.85. The company's revenue growth has been stable at 11% year-over-year, while earnings have contracted by 41%. Dividend yield is notably high at 381%, although the payout ratio is correspondingly elevated at 733.3%.