Centerspace vs Independence Realty Trust
Independence Realty Trust is the larger business, with $658m of revenue in fiscal 2025 against $274m for Centerspace (2.4 times as much). Centerspace grew faster (4.9% against 2.8%). Independence Realty Trust kept more of each dollar of sales as profit: a net margin of 8.6% against 6.2%. Independence Realty Trust carries less debt relative to equity (65.9% against 146.5%).
| Latest fiscal year | CenterspaceCSR, 2025 | Independence Realty TrustIRT, 2025 |
|---|---|---|
| Revenue | $274m | $658m |
| Revenue growth | 4.9% | 2.8% |
| Net income | $17.1m | $56.6m |
| Operating margin | 23.6% | — |
| Net margin | 6.2% | 8.6% |
| Return on equity | 2.3% | 1.6% |
| Free cash flow | $64.3m | $282m |
| Cash | $12.8m | $23.6m |
| Total debt | $1.05bn | $2.28bn |
| Debt to equity | 146.5% | 65.9% |
| Dividend per share | $3.08 | $0.67 |
| Dividend yield | 5.2% | 4.6% |
| Share buybacks | $3.5m | $30.0m |
| Employees | 349 | — |
| Market value | $972m | $3.51bn |
| Price vs our value range | — | — |
| Moat score | 59 (Moderate) | 44 (Weak) |
| Insider trades, 12 months | 2 buys, 0 sales | 0 buys, 12 sales |