Independence Realty Trust, Inc.
IRTReal Estate · Stock · quarterly payer
Forward Yield
4.16%
Annual Dividend
$0.69
Payout Ratio
383%
5-Yr Growth
4.4%
Ex-Date
Jun 26, 2026
Frequency
Quarterly
Summary
As of August 2026, Independence Realty Trust, Inc. (IRT) yields 4.16% ($0.69 per share annually), with a blended fair-value estimate of $13.62 — -18% downside, so it screens as overvalued. Dividend safety grade: C (53/100). 4 years of dividend growth.
Is IRT a good dividend stock?
MixedIndependence Realty Trust, Inc. (IRT) pays a quarterly dividend yielding 4.16% ($0.69/yr), with 4 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2021
- Elevated payout ratio (383%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 4.16%
- Payout Ratio
- 383%
- Annual Dividend
- $0.69
- 5-Yr Avg Growth
- 4.4%
- Ex-Dividend Date
- Jun 26, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.95
- Market Cap
- $4.0B
- P/E Ratio
- 92.2
- 5-Yr Total Return
- -18%
- 52-Week Range
- —
- Dividend Safety
- C · 53/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
IRT Price — Last 12 Months
Daily close
Price Return
1 Year
+1%
3 Years
+18%
5 Years
-18%
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is IRT worth?
Overvaluedlow confidenceOur blended fair-value estimate for Independence Realty Trust, Inc. is $13.62 per share, versus a market price of $16.59. That implies 18% of downside.
Fair Value
$13.62
Current Price
$16.59
Downside
-18%
Margin of Safety
-22%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.0% discount rate (CAPM), 8.0% stage-1 growth, 2.5% terminal growth, $0.18 EPS, $0.69 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
IRT Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 26, 2026 | — | $0.1800 | regular |
| Mar 27, 2026 | — | $0.1700 | regular |
| Dec 31, 2025 | — | $0.1700 | regular |
| Sep 30, 2025 | — | $0.1700 | regular |
| Jun 27, 2025 | — | $0.1700 | regular |
| Mar 28, 2025 | — | $0.1600 | regular |
| Dec 31, 2024 | — | $0.1600 | regular |
| Sep 30, 2024 | — | $0.1600 | regular |
| Jun 28, 2024 | — | $0.1600 | regular |
| Mar 27, 2024 | — | $0.1600 | regular |
| Dec 28, 2023 | — | $0.1600 | regular |
| Sep 28, 2023 | — | $0.1600 | regular |
| Jun 29, 2023 | — | $0.1600 | regular |
| Mar 30, 2023 | — | $0.1400 | regular |
Income Calculator
At $0.69 / yr per share
