Independence Realty Trust, Inc is an equity real estate investment trust launched by RAIT Financial Trust. It makes investments in apartment properties to create its portfolio. The company was founded in 2009 and is based in Philadelphia, Pennsylvania.
IRT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Independence Realty Trust Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Independence Realty Trust Inc ranked in the 41th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for IRT, they are:
In the past 5.75 years, Independence Realty Trust Inc has a compound free cash flow growth rate of 0.24%; that's better than 67.83% of cash flow producing equities in the Real Estate sector, where it is classified.
Independence Realty Trust Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Real Estate that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as IRT, try HT, WRE, JLL, RLGY, and ALX.
Thank you for joining us to review Independence Realty Trust's first quarter 2020 financial results. On the call with me today, are Scott Schaeffer, our CEO, Jim Sebra, our Chief Financial Officer and Farrell Ender, President of IRT.