If You Invested $10K In Independence Realty Stock 10 Years Ago, How Much Would You Have Now?

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Independence Realty Trust Inc. (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 Q3 2025 earnings on Oct. 29. Wall Street analysts expect the company to post EPS of $0.15, down from $0.29 in the prior-year period. According to Benzinga Pro, quarterly revenue is expected to reach $169.54 million, up from $159.86 million a year earlier.

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If You Bought Independence Realty Stock 10 Years Ago

The company's stock traded at approximately $7.55 per share 10 years ago. If you had invested $10,000, you could have bought roughly 1,325 shares. Currently, shares trade at $16.18, meaning your investment's value could have grown to $21,430 from stock price appreciation alone. However, Independence Realty also paid dividends during these 10 years.

Independence Realty's dividend yield is currently 4.20%. Over the last 10 years, it has paid about $6.92 in dividends per share, which means you could have made $9,166 from dividends alone.

Summing up $21,430 and $9,166, we end up with the final value of your investment, which is $30,596. 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 205.96%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 298.30%.

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What Could The Next 10 Years Bring?

Independence Realty has a consensus rating of "Buy" and a price target of $20.86 based on the ratings of 38 analysts. The price target implies more than 28% potential upside from the current stock price.

The company on July 30 announced its Q2 2025 earnings, posting FFO of $0.28, in line with expectations, while revenues of $161.89 million came in below the consensus of $165.21 million, as reported by Benzinga.

"We are proud of our team's dedication and hard work in delivering another quarter of NOI growth and solid earnings despite the challenging environment and ongoing macroeconomic uncertainty," said CEO Scott Schaeffer. "Additionally, we are seeing more opportunities to deploy capital accretively by trading out of older vintage assets and into newer communities in high-growth markets."

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For its full-year 2025, the company expects EPS to be in the range of $0.47 to $0.53, and FFO per share of $1.19 to $1.21.

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

Given the expected upside potential, growth-focused investors may find Independence Realty stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 4.20%.

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

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