- IRT's portfolio of apartment communities is strategically located in fast-growing Sun Belt and Midwestern states.
- With mostly Class B apartments in second- and third-tier cities, IRT has avoided the bulk of the pain from COVID-19 felt by other multifamily REITs.
- IRT is slowing its equity issuance, and though the debt load remains quite high, deleveraging is slowly underway as well.
- Though the dividend was cut earlier this year, it's probably only a matter of time before the quarterly payout begins rising again.
For further details see:
Independence Realty: Financial Management Is Slowly Improving