Independence Realty Q4 adjusted EBITDA misses expectations

Independence Realty Trust

11/02/2026 21:16

Overview

Multifamily REIT's Adjusted EBITDA for Q4 missed analyst estimates

Company repurchased 1.9 mln shares for $30 mln

Outlook

Independence Realty Trust expects 2026 EPS between $0.21 and $0.28

Company forecasts 2026 CFFO per share of $1.12 to $1.16

Company anticipates 2026 same-store NOI growth of (0.6%) to 2.2%

Result Drivers

OCCUPANCY RATES - IRT maintained stable occupancy rates of 95.6% at the end of Q4 2025, contributing to steady revenue growth

RENOVATION PROGRAM - Completed 2,003 unit renovations in 2025, achieving an average ROI of 15.3%

BALANCE SHEET STRENGTH - Maintained conservative leverage with net debt to adjusted EBITDA of 5.7x, supporting strategic refinancing and share repurchases

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.14
Q4 Net Income
$33.30 mln
Q4 Adjusted EBITDA
Miss
$98.50 mln
$99.77 mln (8 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the residential reits peer group is "buy"

Wall Street's median 12-month price target for Independence Realty Trust Inc is $20.00, about 17.2% above its February 10 closing price of $17.06

The stock recently traded at 76 times the next 12-month earnings vs. a P/E of 65 three months ago

Press Release: ID:nBw3389Gha

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)