Independence Realty Trust is a holding company. Through its subsidiaries, Co. is a self-administered and self-managed real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. Co. conducts its business through a conventional umbrella partnership REIT structure in which all of its assets are held by, and substantially all of its operations are conducted through its operating partnership, Independence Realty Operating Partnership, LP. Co.'s subsidiary, IRT Management, LLC, provides services to it in connection with the rental, leasing, operation and management of its properties. We show 43 historical shares outstanding datapoints in our IRT shares outstanding history coverage, used to compute IRT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing IRT market cap history over the course of time is important for investors
interested in comparing IRT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of IRT versus a peer is one thing; comparing
IRT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like IRT can fluctuate over the course of history.
With this page we aim to empower investors researching IRT by allowing them to research the IRT market cap history. |
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Video: The Importance of Market Cap
