The Filing Desk

Centerspace Trust vs Independence Realty Trust

Centerspace Trust CSR · Independence Realty Trust IRT · Multi-Family Residential REITs

Independence Realty Trust reported revenue of $658 million in fiscal 2025, 2.4 times Centerspace Trust's $274 million in fiscal 2025. Centerspace Trust's revenue grew 4.9% in its latest year, and Independence Realty Trust's grew 2.8%.

Side by side

Centerspace TrustIndependence Realty Trust
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$274M$658M
Revenue growth4.9%2.8%
Revenue growth a year, last 5 years9.0%25.4%
Gross margin96.5%—
Operating margin23.6%—
Net margin6.2%8.6%
Free cash flow$64M—
Free cash flow margin23.5%—
Return on capital2.8%2.3%
Net debt to EBITDA5.6x6.0x
Dividends and buybacks$55M$184M
Change in diluted share count8.2%4.1%
Last close$57.22$15.00
P/E at the last close10.7×57.7×
Insider trades, last 12 monthsbought $121,392, sold $0sold $80,955
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Centerspace TrustIndependence Realty Trust
Operating margin
Percent of revenue
Centerspace TrustIndependence Realty Trust
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Centerspace TrustIndependence Realty Trust

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Centerspace Trust and Independence Realty Trust pages.