The Filing Desk

Independence Realty Trust vs UDR

Independence Realty Trust IRT · UDR UDR · Multi-Family Residential REITs

UDR reported revenue of $1.7 billion in fiscal 2025, 2.6 times Independence Realty Trust's $658 million in fiscal 2025. Independence Realty Trust's revenue grew 2.8% in its latest year, and UDR's grew 2.4%.

Side by side

Independence Realty TrustUDR
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$658M$1.7B
Revenue growth2.8%2.4%
Revenue growth a year, last 5 years25.4%6.6%
Gross margin——
Operating margin—32.3%
Net margin8.6%22.1%
Free cash flow——
Free cash flow margin——
Return on capital2.3%6.0%
Net debt to EBITDA6.0x4.7x
Dividends and buybacks$184M$686M
Change in diluted share count4.1%0.3%
Last close$14.94$35.70
P/E at the last close83.0×24.3×
Insider trades, last 12 monthssold $81,440sold $3.1 million
Piotroski F-score——
Amounts in each company's own currency, US$ 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
Independence Realty TrustUDR
Operating margin
Percent of revenue
Independence Realty TrustUDR
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Independence Realty TrustUDR

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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 Independence Realty Trust and UDR pages.