Independence Realty Trust Inc. (IRT) has released an investor presentation outlining recent operational updates and strategic growth drivers. The company highlighted its focus on primarily Class-B apartment communities in high-growth Sunbelt and Midwest markets, which contribute 73% and 22% of net operating income (NOI), respectively. IRT reported a 2.7% year-over-year growth in same-store NOI for Q3 2025, with revenue up 1.4% and operating expenses down 0.7%. Value-add renovations have increased NOI by approximately 29%, and the company completed 788 value-add units at an average ROI of 14.8%. The company maintains a BBB credit rating, with most debt fixed or hedged, and conservative leverage levels. Same-store occupancy and rental rates remain stable, with expense trends performing better than expected. You can access the full presentation through the link below.