Independence Realty Trust vs UDR
UDR is the larger business, with $1.71bn of revenue in fiscal 2025 against $658m for Independence Realty Trust (2.6 times as much). Independence Realty Trust grew faster (2.8% against 2.4%). UDR kept more of each dollar of sales as profit: a net margin of 22.1% against 8.6%. Independence Realty Trust carries less debt relative to equity (65.9% against 177.5%).
| Latest fiscal year | Independence Realty TrustIRT, 2025 | UDRUDR, 2025 |
|---|---|---|
| Revenue | $658m | $1.71bn |
| Revenue growth | 2.8% | 2.4% |
| Net income | $56.6m | $378m |
| Operating margin | — | 32.3% |
| Net margin | 8.6% | 22.1% |
| Return on equity | 1.6% | 11.2% |
| Free cash flow | $282m | $650m |
| Cash | $23.6m | $1.2m |
| Total debt | $2.28bn | $5.84bn |
| Debt to equity | 65.9% | 177.5% |
| Dividend per share | $0.67 | $1.72 |
| Dividend yield | 4.6% | 4.9% |
| Share buybacks | $30.0m | $118m |
| Employees | — | 1,420 |
| Market value | $3.51bn | $11.55bn |
| Price vs our value range | — | — |
| Moat score | 44 (Weak) | 61 (Moderate) |
| Insider trades, 12 months | 0 buys, 12 sales | 0 buys, 1 sales |