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Independence Realty TrustFRA:5O2 72 Earnings Yield (Joel Greenblatt) % is 2.14% as of Mar. 2026, which is 4% below its 10-year median of 2.22. GuruFocus rates FRA:5O2 with a GF Score™ of 72/100 and a GF Value™ of €14.36. The stock has 6 warning signs investors should review. Among 966 REITs companies, Independence Realty Trust ranks worse than 61.7% on this metric.
Independence Realty Trust's Enterprise Value for the quarter that ended in Mar. 2026 was €5,212.9 Mil.
Independence Realty Trust's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €111.1 Mil. Independence Realty Trust's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 2.14%.
The historical rank and industry rank for Independence Realty Trust's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:5O2'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.76 Med: 2.22 Max: 7.29
Current: 2.02
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Independence Realty Trust was 7.29%. The lowest was 0.76%. And the median was 2.22%.
FRA:5O2's Earnings Yield (Joel Greenblatt) % is ranked worse than 61.7% of 966
companies
in the REITs industry
Industry Median: 3.445
vs FRA:5O2: 2.02
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Independence Realty Trust's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 2.46%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Independence Realty Trust Earnings Yield (Joel Greenblatt) % Related Terms
Independence Realty Trust Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Independence Realty Trust's Earnings Yield (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Residential subindustry, Independence Realty Trust's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Independence Realty Trust Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Independence Realty Trust's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Independence Realty Trust's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Independence Realty Trusts Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Independence Realty Trust's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €111.1 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 2.14% mean?
Independence Realty Trust (FRA:5O2) has a Earnings Yield (Joel Greenblatt) % of 2.14% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Independence Realty Trust and its competitors. This is near median its historical median of 2.22. Over the past decade, Independence Realty Trust's Earnings Yield (Joel Greenblatt) % has ranged from 0.76 to 7.29. According to the industry distribution chart, Independence Realty Trust ranks #596 out of 966 companies in the REITs industry, placing it in the top 61.7%.
Is Independence Realty Trust's Earnings Yield (Joel Greenblatt) % too high?
Independence Realty Trust's current Earnings Yield (Joel Greenblatt) % of 2.14% is near median its 10-year median of 2.22. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 7.29. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.45. Independence Realty Trust's value of 2.14% is 37.9% below this industry median. Based on the distribution chart, Independence Realty Trust ranks #596 out of 966 companies in the REITs industry, which is below the industry midpoint. Overall, Independence Realty Trust has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Independence Realty Trust's Earnings Yield (Joel Greenblatt) % compare to MRP and JAN?
According to the REITs industry distribution chart, Independence Realty Trust ranks #596 out of 966 companies for Earnings Yield (Joel Greenblatt) %. This places Independence Realty Trust in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.45. Independence Realty Trust's value of 2.14% is 37.9% below this benchmark. Historically, Independence Realty Trust's own Earnings Yield (Joel Greenblatt) % has ranged from 0.76 to 7.29 over the past decade. While the company's 10-year median is 2.22 vs. the industry median of 3.45, Independence Realty Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a REITs company?
The median Earnings Yield (Joel Greenblatt) % among REITs companies is 3.45, based on 966 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Independence Realty Trust's current Earnings Yield (Joel Greenblatt) % of 2.14% is 37.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Independence Realty Trust and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Independence Realty Trust's current Earnings Yield (Joel Greenblatt) % is 2.14%, which is near median its own 10-year median of 2.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independence Realty Trust stock overvalued right now?
Independence Realty Trust (FRA:5O2) has a current Earnings Yield (Joel Greenblatt) % of 2.14%. The stock's GF Value™ is €14.36, compared to a current price of €13.80 — trading 3.9% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 2.14%, which is near median its 10-year median of 2.22 and 37.9% below the REITs industry median of 3.45. Independence Realty Trust's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Independence Realty Trust (FRA:5O2), the current Earnings Yield (Joel Greenblatt) % is 2.14% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Independence Realty Trust (FRA:5O2) Overvalued in 2026?
Based on GuruFocus' analysis, Independence Realty Trust stock appears to be undervalued.
The current stock price of €13.80 is trading 3.9% below its estimated GF Value™ of €14.36.
Key valuation signals for FRA:5O2:
Earnings Yield (Joel Greenblatt) %: 2.14% (near median its 10-year median of 2.22)
GF Value™: €14.36 vs. price of €13.80 (3.9% below fair value)
Industry Position: 37.9% below the REITs median (#596 of 966)
No single metric tells the full story. See the FRA:5O2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.
72GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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