IRT Living
Likely to Engage tag.Highly Engaged Employees

Real Estate · Pennsylvania, United States · 501-1,000 Employees

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Overview

Headquarters

1835 Market St Ste 2601, Philadelphia, P...

Phone Number

(312) 924-1600

Revenue

$677.2 Million

Stock Symbol

IRT

Industry

Real Estate
ZI Rank: 12
Signal Type
Mar
Apr
May
Jun
Jul
Aug
ZI Rank
12
9
7
12
9
12

About IRT Living

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.Explore more
IRT Living's Social MediaPopular SearchesIndependence Realty Trust IncIndependence Realty TrustIrt Property CoIrt Management LLCIRT LivingSIC Code 65,651NAICS Code 53,531Ticker NYSE: IRTShow more

IRT Living Org Chart

RS
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Chief Executive Officer & Medical Health & We...

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SW
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General Counsel

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JR
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General Counsel

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JL
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Senior VP, Acquisitions

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Company Name

Revenue

Number of Employees

Type

Funding

Founded In

Top Executive

IRT Living

$677.2M
501-1,000
Public
$386M
2009
RS
Ruth SteadmanCEO & Medical Health & Wellness Coach
$11.8B
501-1,000
Public
$1.3B
1970
$1B
201-500
Public
-
1959
N/A
$1B
501-1,000
Public
$1.6B
1993
WK
William KamerChief Financial Officer
$776.7M
501-1,000
Public
$929.5M
2013
Jacquelyn Renton, Executive VP, Chief Operating Officer & Co-Head of Real Estate at Empire State Realty Trust
Jacquelyn RentonExecutive VP, Chief Operating Officer & Co-Head of Real Estate
$717.3M
501-1,000
Private
-
1980
Frederick Schreiber, President & Chief Executive Officer at AMLI Residential
Frederick SchreiberPresident & CEO
$512.3M
201-500
Private
-
2014
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Company Profile Activity

i

Among all Real Estate companies

Low Activity

High Activity

Activity Insights

IRT Living is experiencing very low activity levels compared to other companies in the Real Estate sector.

What does this means?

IRT Living is drawing exceptional interest within the Real Estate industry, suggesting notable developments or strong market momentum, learn more about IRT Living.

IRT Living financials insights

Gather financial insights about IRT Living, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.

2017

Debt

$100M

2021

Stock Offering

$286M

See All IRT Living's Financials Insights

IRT Living Tech Stack

A closer look at the technologies used by IRT Living

Most Recent Scoops

Divestiture
IRT Living has entered into a contract for the sale of Stonebridge Crossing in Memphis, with the transaction expected to close before the end of the current quarter. The company intends to use the proceeds to de-lever, forecasting a net debt to EBITDA ratio in the mid-fives by year-end.
Divestitures, Forecasting, Business Finance, Contracts, Finance, Financing & Debt
Earnings
IRT Living has increased the midpoint of its full-year same-store NOI guidance by 70 basis points to 1.5%, equating to an additional $2.5 million of NOI compared to original guidance. The revision is based on affirmed same-store revenue growth of 1.7% for the full year and an expectation for lower operating expenses during H2 of the year.
Earnings, Accounting, Financial Planning, Financial Reporting, Finance, Financial Strategy
Earnings
IRT Living has reported that same-store revenue growth guidance of 1.7% at the midpoint is unchanged, implying H2 growth of approximately 2.1%, an acceleration from the 1.1% delivered in H1. Of the approximately $10 million of full-year same-store revenue growth in guidance, 87% is already achieved or contracted, with approximately 50% of H2 leases already signed at blended spreads of 2.8%.
Earnings, Accounting, Financial Reporting, Finance
Earnings
IRT Living has reported renewal spreads on like-term leases of 4.1% in Q2, up from 3.2% in Q1, accelerating a further 50 basis points to 4.6% in July, with August renewals at a positive 4.5%. Blended rent growth across like-term leases improved from 70 basis points in Q1 to 1.3% in Q2, resulting in H1 blends of 1.1%, and further accelerating to 2.5% in July.
Earnings, Finance
Project
Spending/Investment, Real Estate
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IRT Living News & Media

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Frequently Asked Questions Regarding IRT Living

What is IRT Living's stock symbol?
IRT Living's stock symbol is IRT
What is IRT Living's official website?
IRT Living's official website is www.irtliving.com
What is IRT Living's Revenue?
IRT Living's revenue is $677.2 Million
What is IRT Living's SIC code?
IRT Living's SIC: 65,651
What is IRT Living's NAICS code?
IRT Living's NAICS: 53,531
How many employees does IRT Living have?
IRT Living has 501-1,000 employees
What industry does IRT Living belong to?
IRT Living is in the industry of: Real Estate
What is IRT Living competition?
IRT Living top competitors include: Empire State Realty Trust, AMLI Residential, Douglas Emmett, Gecina
What companies has IRT Living acquired?
IRT Living has acquired the companies: Eleven10, Estancia Villas, reflectionsonsweetwaterliving.com, Sixteen50
What technology does IRT Living use?
Some of the popular technologies that IRT Living uses are: Freshservice, Zingfit, reCAPTCHA, iCIMS
What does IRT Living do?

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT's investment strategy is fo... cused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.Read More

What are IRT Living social media links?
IRT Living Linkedin page IRT Living Twitter page IRT Living Facebook page
Is IRT Living a public company?
Yes, IRT Living is a public company and is traded under the symbol IRT
See more information about IRT Living

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