Projected Income Statement: Independence Realty Trust, Inc.

Forecast Balance Sheet: Independence Realty Trust, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 2,669 2,616 2,482 2,281 2,236 2,287 2,392 2,490
Change - -1.99% -5.12% -8.1% -1.97% 2.28% 4.59% 4.1%
Announcement Date 2/16/22 2/15/23 2/14/24 2/12/25 2/11/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Independence Realty Trust, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 42.97 83.98 146.6 118.3 135.6 107.4 117.6 120.6
Change - 95.42% 74.6% -19.35% 14.69% -20.84% 9.5% 2.58%
Free Cash Flow (FCF) 1 9.284 165.6 242.8 - - - - -
Change - 1,683.26% 46.64% - - - - -
Announcement Date 2/16/22 2/15/23 2/14/24 2/12/25 2/11/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Independence Realty Trust, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 51.65% 55.29% 55.59% 54.73% 55.52% 54.73% 55.63% 56.26%
EBIT Margin (%) 20.82% 14.99% 22.41% 20.22% 18.47% 16.98% 19.46% 20.72%
EBT Margin (%) - 19.23% -2.7% 6.25% 8.79% 3.27% 4.46% 6.01%
Net margin (%) 17.87% 18.69% -2.61% 6.14% 8.62% 5.39% 5.67% 5.49%
FCF margin (%) 3.72% 26.39% 36.79% - - - - -
FCF / Net Income (%) 20.82% 141.2% -1,409.24% - - - - -

Profitability

        
ROA - 1.8% 0.91% 0.86% 0.68% 0.38% 0.52% 0.62%
ROE 2.13% 3.31% 1.65% 1.54% 1.14% 0.5% 0.74% 1.01%

Financial Health

        
Leverage (Debt/EBITDA) 20.72x 7.54x 6.77x 6.51x 6.14x 6.2x 6.16x 6.09x
Debt / Free cash flow 287.52x 15.8x 10.22x - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 17.22% 13.38% 22.22% 18.48% 20.66% 15.93% 16.85% 16.58%
CAPEX / EBITDA (%) 33.35% 24.21% 39.97% 33.76% 37.21% 29.11% 30.29% 29.48%
CAPEX / FCF (%) 462.87% 50.72% 60.4% - - - - -

Items per share

        
Cash flow per share 1 0.4758 1.118 1.168 1.16 1.17 1.131 1.204 1.232
Change - 135.06% 4.46% -0.71% 0.86% -3.31% 6.45% 2.27%
Dividend per Share 1 0.48 0.54 0.62 0.64 0.67 0.6951 0.7148 0.7542
Change - 12.5% 14.81% 3.23% 4.69% 3.74% 2.84% 5.5%
Book Value Per Share 1 - 16.05 15.29 15.3 14.96 13.82 13.09 12.35
Change - - -4.75% 0.08% -2.24% -7.59% -5.29% -5.66%
EPS 1 0.41 0.53 -0.08 0.17 0.24 0.1389 0.1376 0.121
Change - 29.27% -115.09% 312.5% 41.18% -42.12% -0.99% -12.01%
Nbr of stocks (in thousands) 220,679 223,841 224,429 224,727 238,729 235,316 235,316 235,316
Announcement Date 2/16/22 2/15/23 2/14/24 2/12/25 2/11/26 - - -
1USD
Estimates
2026 *2027 *
P/E 121x 122x
PBR 1.21x 1.28x
EV / Sales 9.25x 9.09x
Yield 4.14% 4.26%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
16.79USD
Average target price
19.50USD
Spread / Average Target
+16.14%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. IRT Stock
  4. Financials Independence Realty Trust, Inc.