IRT Living (IRT)
NYSEReal EstateReit - ResidentialSnapshot 2026-09-04
$16.09-0.25%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - ResidentialSnapshot 2026-09-04
Intact: The reason to own it still holds.
IRT Living owns apartments in stable US markets. It aims to maintain EPS between $0.21 and $0.28 in 2026. The company keeps its dividend steady at $0.17 per share. Despite some cash flow challenges, it has a robust quality profile.
Cash from operations is declining, down from $82.2M to $55.3M recently. EPS guidance is soft and below prior year levels. The company faced multiple negative events including terminated deals and earnings misses.
The market expects about 3% revenue growth and values IRT Living as expensive with a PE of 128.7. Our fair value is near $10.58, close to consensus price targets, reflecting stretched near-term growth expectations.
Breaks if: cash from operations falls below $55 million
Breaks if: dividend per share falls below $0.17
Breaks if: EPS guidance falls below $0.21 for FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
IRT represents a mixed investment thesis with elements of a turnaround and a durable compounder. The company is currently navigating a high-miss-rate industry while managing to maintain some positive momentum.
The market seems to have priced in a stretched valuation compared to peers, indicating that expectations are relatively high. There is a notable expectations gap, suggesting that investors anticipate better performance than has been consistently delivered.
Fundamentals are likely to remain neutral in the near term, as management has reaffirmed guidance but has also faced challenges with recent earnings. The company's focus on renovations is showing some progress, but overall performance has been mixed.
The thesis hinges on management's ability to maintain guidance and execute their renovation program effectively. Additionally, external factors such as potential interest rate cuts and performance from sector peers could significantly influence IRT's trajectory.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
IRT Living aims to maintain its EPS guidance for the fiscal year 2026.
Over the next 1 to 3 years, IRT's performance will depend on management execution and broader market conditions. Not investment advice.