Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Independence Realty Trust (NYSE:IRT) is a real estate investment trust that owns and operates multifamily communities across non-gateway U.S. markets.

It is set to report its Q1 2025 earnings on April 23. Wall Street analysts expect the company to post EPS of $0.29, up from $0.27 in the prior-year period. According to Benzinga Pro, quarterly revenue is expected to reach $165.07 million, up from $160.33 million a year earlier.

Don't Miss:

This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum.

If You Bought Independence Realty Stock 10 Years Ago

The company's stock traded at approximately $9.33 per share 10 years ago. If you had invested $10,000, you could have bought roughly 1,072 shares. Currently, shares trade at $21.23, meaning your investment's value could have grown to $22,755 from stock price appreciation alone. However, Independence Realty Trust also paid dividends during these 10 years.

Independence Realty's dividend yield is currently 3.01%. Over the last 10 years, it has paid about $5.58 in dividends per share, which means you could have made $5,980 from dividends alone.

Summing up $22,755 and $5,980, we end up with the final value of your investment, which is $28,735. This is how much you could have made if you had invested $10,000 in Independence Realty stock 10 years ago. This means a total return of 187.35%. However, this figure is less than the S&P 500 total return for the same period, which was 226.70%.

Trending: BlackRock is calling 2025 the year of alternative assets. One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.

What Could The Next 10 Years Bring?

Independence Realty Trust has a consensus rating of "Buy" and a price target of $21.43 based on the ratings of 14 analysts. The price target implies less than 1% potential upside from the current stock price.

On Feb. 12, the company announced its Q4 2024 earnings, posting core FFO of $0.32 per share, in line with expectations, while revenues of $160.62 million came in below the consensus estimate of $163.40 million, as reported by Benzinga.

"2024 was another strong year for IRT as we achieved the high-end of our guidance, with CFFO per share of $1.16 and NOI growth of 3.2%," said CEO Scott Schaeffer. "This performance is a reflection of our continued focus on balancing occupancy and rental rate growth, underpinned by accomplishing strategic milestones. Looking ahead to 2025, we believe we are well-positioned to grow CFFO as we capitalize on rebounding market fundamentals to create value for shareholders."

Story Continues

See Also: This platform is reshaping how you invest in private companies — and you can be a part of it for $0.18 per share.

The company provided its full-year 2025 guidance, expecting earnings per diluted share in the range of $0.19 to $0.22 and CFFO per share of $1.16 to $1.19.

Check out this article by Benzinga for six analysts' insights on Independence Realty Trust.

Given less than 1% expected upside potential, growth-focused investors may not find Independence Realty stock attractive. Conversely, the stock can be a good option for income-focused investors, who can benefit from the company's solid dividend yield of 3.01%.

Arrived Achieved A Total Return of 34.7% On Their Biggest Sale Yet — Diversify Your Monthly Income Stream With Fractional Real Estate

Arrived allows individuals to invest in shares of rental properties for as little as $100, providing the potential for monthly rental income and long-term appreciation without the hassles of being a landlord. With over $1 million in dividends paid out last quarter and a growing selection of properties across various markets, Arrived offers an attractive alternative for investors seeking to build a diversified real estate portfolio.

In October 2024, Arrived sold The Centennial, achieving a total return of 34.7% (11.2% average annual returns) for investors. Arrived aims to continue delivering similar value across our portfolio through careful market selection, attentive property management, and thoughtful timing in sales.

Looking for fractional real estate investment opportunities? The Benzinga Real Estate Screener features the latest offerings.

Send To MSN:  0

This article If You Invested $10K In Independence Realty Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com

View Comments