T. Rowe Price reports 4.3% stake in Independence Realty

T. Rowe Price Investment Management, Inc. filed Amendment No. 2 to a Schedule 13G reporting beneficial ownership of 10,170,657 Independence Realty Trust REIT shares, representing 4.3% of the class as of 12/31/2025.

Rhea-AI Filing Summary

T. Rowe Price Investment Management, Inc. filed Amendment No. 2 to a Schedule 13G reporting beneficial ownership of 10,170,657 Independence Realty Trust REIT shares, representing 4.3% of the class as of 12/31/2025. The firm reports sole voting power over 10,113,276 shares and sole dispositive power over 10,170,657 shares, with no shared voting or dispositive power. The filing states that ownership is 5 percent or less of the class and certifies that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control. T. Rowe Price Investment Management also states that this filing should not be construed as an admission that it is the beneficial owner of these securities.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does T. Rowe Price hold in Independence Realty Trust (IRT)?

T. Rowe Price Investment Management, Inc. reports beneficial ownership of 10,170,657 Independence Realty Trust shares, representing 4.3% of the REIT’s class as of December 31, 2025. This level is disclosed as ownership of 5 percent or less of the class.

What type of SEC filing did T. Rowe Price submit for IRT?

T. Rowe Price filed Amendment No. 2 to a Schedule 13G relating to Independence Realty Trust. A Schedule 13G is used by certain institutional investors to report beneficial ownership positions, generally when the holdings are passive and below control-focused thresholds.

How much voting and dispositive power does T. Rowe Price report over IRT shares?

T. Rowe Price reports sole voting power over 10,113,276 Independence Realty Trust shares and sole dispositive power over 10,170,657 shares. The filing states there is no shared voting or dispositive power over any IRT securities in this position.

Does T. Rowe Price intend to influence control of Independence Realty Trust?

The filing certifies that the IRT securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. It also notes they are not held in connection with any transaction having that purpose or effect.

How does T. Rowe Price characterize its beneficial ownership of IRT shares?

The Schedule 13G/A reports beneficial ownership figures but states that T. Rowe Price Investment Management, Inc. expressly denies that the filing should be construed as an admission that it is the beneficial owner of the Independence Realty Trust securities referenced.

Why is the Schedule 13G/A for Independence Realty Trust labeled Amendment No. 2?

The document is labeled Amendment No. 2 because it updates a previously filed Schedule 13G regarding Independence Realty Trust. Amendments are used to reflect changes in reported ownership or related information since an earlier beneficial ownership statement.

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Accepted by SEC EDGAR 02/17/2026 - 10:28 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

INDEPENDENCE REALTY TRUST IN

(Name of Issuer)

REIT

(Title of Class of Securities)

45378A106

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 45378A106

1

Names of Reporting Persons

T. Rowe Price Investment Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 10,113,276.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,170,657.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,170,657.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.3 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: INDEPENDENCE REALTY TRUST IN
(b)	Address of issuer's principal executive offices: 1835 MARKET STREET, SUITE 2601, PHILADELPHIA, PA, 19103
Item 2.
(a)	Name of person filing: T. Rowe Price Investment Management, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: REIT
(e)	CUSIP No.: 45378A106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 10170657
(b)	Percent of class: 4.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 10113276
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 10170657
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Investment Management, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	02/17/2026