Is Independence Realty Trust, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Independence Realty Trust, Inc. moved from expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 138, an EV to EBITDA of 12.27, and a PEG ratio of 0.28, indicating potential growth at a reasonable price relative to earnings growth expectations.
In comparison to its peers, Vornado Realty Trust has a significantly lower P/E ratio of 9.71, while Essential Properties Realty Trust, Inc. shows a higher PEG ratio of 2.30, suggesting that Independence Realty Trust is positioned more favorably in terms of growth potential despite its higher valuation ratios. Over the past year, Independence Realty Trust has underperformed against the S&P 500, with a return of -18.81% compared to the index's 19.89%, reinforcing the notion of its fair valuation amidst broader market trends.