[SCHEDULE 13G/A] INDEPENDENCE REALTY TRUST, INC. SEC Filing

Rhea-AI Filing Summary

T. Rowe Price Investment Management, Inc. filed Amendment No. 1 to Schedule 13G for Independence Realty Trust (IRT), reporting beneficial ownership of 11,920,616 shares, representing 5.1% of the class as of 09/30/2025.

The firm reports 11,867,215 shares with sole voting power and 11,920,616 shares with sole dispositive power, with no shared voting or dispositive power. The filer is classified as an investment adviser in accordance with Rule 13d‑1(b) and certifies the securities were acquired and are held in the ordinary course, not to change or influence control of the issuer.

Insights

Equity ownership & regulatory filings analyst

Passive 5.1% stake reported by T. Rowe Price under 13G(b).

T. Rowe Price Investment Management disclosed a passive position in IRT via Schedule 13G/A, listing 5.1% beneficial ownership and 11,920,616 shares as of 09/30/2025. This is a compliance disclosure indicating crossing the 5% threshold.

The filing shows sole voting power over 11,867,215 shares and sole dispositive power over 11,920,616 shares, with no shared powers. Classification as an investment adviser under Rule 13d‑1(b) and the certification language indicate ordinary‑course, non‑control intent.

Actual market impact depends on future portfolio decisions by the filer; the disclosure itself does not specify any transaction timing or plans. Subsequent filings may update ownership levels if they move materially.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

INDEPENDENCE REALTY TRUST IN

(Name of Issuer)

REIT

(Title of Class of Securities)

45378A106

(CUSIP Number)

09/30/2025

(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 11,867,215.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 11,920,616.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,920,616.00

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)

5.1 %

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: 11920616
(b)	Percent of class: 5.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 11867215
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 11920616
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	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:	11/14/2025

FAQ

What did T. Rowe Price disclose about IRT in this Schedule 13G/A?

It reported beneficial ownership of 11,920,616 IRT shares, or 5.1%, as of 09/30/2025.

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

It has sole voting power over 11,867,215 shares and sole dispositive power over 11,920,616 shares, with no shared power.

Under which rule did T. Rowe Price file this 13G for IRT (IRT)?

It filed as an investment adviser in accordance with Rule 13d‑1(b).

Is T. Rowe Price seeking to influence control of Independence Realty Trust (IRT)?

The certification states the securities were acquired and are held in the ordinary course, not to change or influence control.

What is the date of event for the IRT ownership reported by T. Rowe Price?

The date of event is 09/30/2025.

Who signed the filing for T. Rowe Price Investment Management, Inc.?

It was signed by Ellen York, Vice President, on 11/14/2025.