Melinda McClure - Independence Realty Lead Independent Director

IRT Stock  USD 21.75  0.27  1.26%   

Director

Ms. Melinda H. McClure serves as Independent Director of the Independence Realty Trust, Inc effective June 13, 2017. Ms. McClure has served as one of our independent directors since June 2017. She is Chair and CEO of VisionBank, headquartered in Greater Washington, DC. She served from 2006 to 2018 as the principal shareholder of Democracy Funding LLC, a registered brokerdealer and its affiliates focused on providing capital markets and advisory services to government agencies including the United States Department of Treasury and the Federal Deposit Insurance Corporation as well as to private sector financial services and real estate companies. Ms. McClure serves of the board of directors of Arlington Asset Investment Corporationration, a publicly traded mortgage REIT focused primarily on purchasing residential mortgage backed securities, a position she has held since 2018. Ms. McClure served on the board of directors of the Bank of Georgetown, a privately held community bank headquartered in Washington, D.C. from its inception in 2005 to its sale to United Bank in 2016. While a director of the Bank of Georgetown she served as the chair of the strategic planning committee, and as a member of the compensation committee since 2018.
Age 53
Tenure 6 years
Address 1835 Market Street, Philadelphia, PA, United States, 19103-2935
Phone267 270 4800
Webhttps://www.irtliving.com
McClure served in numerous positions at FBR & Co, an investment bank, from 1991 to 2006 including, as senior managing director of investment banking where she focused on providing capital markets and advisory services to middle market financial services and real estate companies. She earned her Bachelor of Arts Degree from the University of Richmond.

Melinda McClure Latest Insider Activity

Tracking and analyzing the buying and selling activities of Melinda McClure against Independence Realty stock is an integral part of due diligence when investing in Independence Realty. Melinda McClure insider activity provides valuable insight into whether Independence Realty is net buyers or sellers over its current business cycle. Note, Independence Realty insiders must abide by specific rules, including filing SEC forms every time they buy or sell Independence Realty'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Independence Realty Management Efficiency

The company has Return on Asset of 0.0128 % which means that on every $100 spent on assets, it made $0.0128 of profit. This is way below average. Independence Realty's management efficiency ratios could be used to measure how well Independence Realty manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to -0.0026 in 2024. Return On Capital Employed is likely to drop to 0.02 in 2024. Liabilities And Stockholders Equity is likely to gain to about 6.6 B in 2024, whereas Total Current Liabilities is likely to drop slightly above 118.7 M in 2024.
Independence Realty Trust has 2.43 B in debt with debt to equity (D/E) ratio of 0.68, which is OK given its current industry classification. Independence Realty Trust has a current ratio of 0.77, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Independence to invest in growth at high rates of return.

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is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation. Independence Realty operates under REITResidential classification in the United States and is traded on New York Stock Exchange. It employs 937 people. Independence Realty Trust (IRT) is traded on New York Stock Exchange in USA. It is located in 1835 Market Street, Philadelphia, PA, United States, 19103-2935 and employs 952 people. Independence Realty is listed under Multi-Family Residential REITs category by Fama And French industry classification.

Management Performance

Independence Realty Trust Leadership Team

Elected by the shareholders, the Independence Realty's board of directors comprises two types of representatives: Independence Realty inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Independence. The board's role is to monitor Independence Realty's management team and ensure that shareholders' interests are well served. Independence Realty's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Independence Realty's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mack Pridgen, Independent Director
Melinda McClure, Lead Independent Director
Ted McHugh, Investor Smithfield
Jason Lynch, Senior Dispositions
William Dunkelberg, Independent Director
Pete Rushing, Senior Marketing
Josh Kulick, Executive Innovation
Mike Kernan, Senior Redevelopment
Ella Neyland, Chief Operating Officer, Director
Jessica Norman, Chief Legal Officer, Secretary
Michele Weisbaum, General Secretary
James Sebra, CFO, Principal Accounting Officer and Treasurer
Alex Jorgensen, Investor Officer
Stephen Bowie, Independent Director
DeForest Soaries, Independent Director
Janice Richards, Senior Operations
Farrell Ender, President
Ana Rio, Director
Lisa Washington, Independent Director
Jason CPA, Chief Controller
Ned Brines, Independent Director
James CPA, CFO President
Gregory Marks, Senior Development
Mike Daley, Executive People
Thomas Purcell, Independent Director
Scott Schaeffer, Chairman of the Board, Chief Executive Officer
Richard Gebert, Independent Director
Jason Delozier, Chief Accounting Officer, Controller

Independence Stock Performance Indicators

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Thematic Opportunities

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Additional Tools for Independence Stock Analysis

When running Independence Realty's price analysis, check to measure Independence Realty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independence Realty is operating at the current time. Most of Independence Realty's value examination focuses on studying past and present price action to predict the probability of Independence Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Realty's price. Additionally, you may evaluate how the addition of Independence Realty to your portfolios can decrease your overall portfolio volatility.