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IRT – Independence Realty Trust Inc

Not Compliant

Independence Realty Trust Inc is not Shariah Compliant because it fails the financial ratios.

Independence Realty Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company’s investment strategy is focused on gaining scale near major employment centers within submarkets that offer good school districts and retail. The Company acquires, owns, operates, improves, and manages multifamily apartment communities across non-gateway United States markets. The Company owns and operates approximately 116 multifamily apartment properties that contain an aggregate of 34,431 units across non-gateway United States markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa. The Company’s portfolio of properties consists primarily of apartment communities geographically concentrated in the Southeastern and Midwest United States. The Company owns all of its assets and conducts all its operations through Independence Realty Operating Partnership, LP (IROP).

AAOIFI ✗

Debt ÷ Market cap (MC)71.69
Non-Compliant Assets ÷ MC163.23

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