HIGHBuilt-inProperty_type
multifamily apartment sector
“10-K Item 1A: 'substantially all of our investments are concentrated in the multifamily apartment sector'”
IRT · Concentration risk · 10-K extracted
Independence Realty Trust (IRT) concentration risks
Updated
The most significant concentration Independence Realty Trust discloses is multifamily apartment sector, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Independence Realty Trust’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
Southeast region
“10-K Item 1A: 'Our portfolio of properties consists primarily of multifamily communities geographically concentrated in the Southeast region of the United States'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile combines two structural exposures: a high-share property-type concentration and a moderate geographic tilt. Substantially all investments are concentrated in the multifamily apartment sector, a high-share structural concentration that reflects the company's deliberate focus on a single real estate asset class. The structural character means the exposure is embedded in the business model rather than a transient portfolio imbalance: rental rate trends, occupancy levels, supply additions from new apartment construction, and the broader housing affordability environment in the company's markets are the primary drivers of performance. Within that multifamily focus, the portfolio is geographically concentrated primarily in the Southeast region of the United States, a moderate structural exposure. The Southeast concentration is also structural — it reflects where the company has built its operating platform and where it has identified the most attractive demand characteristics for apartment communities. Being regionally concentrated means the portfolio is sensitive to local employment trends, population migration patterns, and new supply pipelines in specific Sun Belt markets. The two exposures reinforce each other: a significant majority of assets are both multifamily and Southeast-focused, which means regional economic or supply dynamics in the Southeast have a compounding effect on the overall portfolio. There are no disclosed customer, counterparty, or supplier concentrations to layer on top of the real estate exposures. The key variables to monitor are Southeast multifamily fundamentals — rent growth, occupancy, and new supply deliveries in the company's specific markets.
For the engine’s reasoning on IRT’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Residential
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AMH | American Homes 4 Rent | 2 | 0 | 0 | 2 |
| IRT● | Independence Realty Trust, Inc. | 1 | 1 | 0 | 2 |
| CPT | Camden Property Trust | 1 | 0 | 0 | 1 |
| ELS | Equity Lifestyle Properties, In | 0 | 1 | 3 | 4 |
| EQR | Equity Residential | 0 | 1 | 0 | 1 |
| AVB | AvalonBay Communities, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.