Independence Realty Trust (Independence Realty Trust) Dividend Payout Ratio : 2.76 (As of Mar. 2024)

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What is Independence Realty Trust Dividend Payout Ratio?

Independence Realty Trust's dividend payout ratio for the months ended in Mar. 2024 was 2.76.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Independence Realty Trust Inc is 2.66, which seems too high.

The historical rank and industry rank for Independence Realty Trust's Dividend Payout Ratio or its related term are showing as below:

IRT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 2.28 Med: 3.19 Max: 6.61
Current: 2.66

During the past 13 years, the highest Dividend Payout Ratio of Independence Realty Trust was 6.61. The lowest was 2.28. And the median was 3.19.

IRT's Dividend Payout Ratio is ranked worse than
85.84% of 558 companies
in the REITs industry
Industry Median: 1.01 vs IRT: 2.66

As of today (2024-05-01), the Dividend Yield % of Independence Realty Trust is 4.05%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Independence Realty Trust was 11.58%. The lowest was 1.22%. And the median was 6.04%.

Independence Realty Trust's Dividends per Share for the months ended in Mar. 2024 was $0.16.

During the past 12 months, Independence Realty Trust's average Dividends Per Share Growth Rate was 14.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -4.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 1.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Independence Realty Trust was 39.20% per year. The lowest was -12.60% per year. And the median was -9.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Independence Realty Trust Dividend Payout Ratio Historical Data

The historical data trend for Independence Realty Trust's Dividend Payout Ratio 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.

* Premium members only.

Independence Realty Trust Dividend Payout Ratio Chart

Independence Realty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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3.19

5.05

2.28

4.43

2.63

Independence Realty Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial															2.92	3.08	2.67	2.25	2.76

Competitive Comparison of Independence Realty Trust's Dividend Payout Ratio

For the REIT - Residential subindustry, Independence Realty Trust's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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's Dividend Payout Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Independence Realty Trust's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Independence Realty Trust's Dividend Payout Ratio falls into.

Independence Realty Trust Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Independence Realty Trust's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.62	/	0.236
	=	2.63

Independence Realty Trust's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2024 )	/	EPS without NRI (Q: Mar. 2024 )
	=	0.16	/	0.058
	=	2.76

Independence Realty Trust (NYSE:IRT) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Independence Realty Trust Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Independence Realty Trust's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Independence Realty Trust (Independence Realty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Independence Realty Trust Inc (NYSE:IRT) » Definitions » Dividend Payout Ratio

Comparable Companies

VRE AIRC ELME UMH AIV CSR NXRT BRT CLPR BHM AVB EQR INVH MAA SUI ESS ELS AMH UDR CPT

Traded in Other Exchanges

N/A

Address

1835 Market Street, Suite 2601, Philadelphia, PA, USA, 19103

Website

https://www.irtliving.com

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 Louisville, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and employment centers.

Executives

Michele R. Weisbaum	other: General Counsel	C/O RESOURCE AMERICA, INC., 1845 WALNUT STREET, 18TH FLOOR, PHILADELPHIA PA 19103
Scott Schaeffer	director, officer: Chairman, CEO & President	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Ella S Neyland	director, officer: Chief Operating Officer
Stephen R. Bowie	director	18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Thomas H. Purcell	director	18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Ned Brines	director	18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Del Rio Ana Marie	director	18100 VON KARMAN AVE, SUITE 500, IRVINE CA 92612
Lisa Washington	director	311 ROUSER ROAD, MOON TOWNSHIP PA 15108
Richard H Ross	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
James J Sebra	officer: CFO & Treasurer	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
William C Dunkelberg	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Jessica K Norman	officer: EVP, General Counsel	1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Jason R Delozier	officer: CAO and Controller	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Richard D Gebert	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Melinda H Mcclure	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103