Scott Schaeffer - Independence Realty Chairman of the Board, Chief Executive Officer
| IRT Stock | USD 21.75 0.27 1.26% |
Chairman
Mr. Scott F. Schaeffer is Chairman of the Board, Chief Executive Officer of Independence Realty Trust, Inc. Mr. Schaeffer has served as the Chair of our Board since January 2011, as our Chief Executive Officer since February 2013 and as our president from February 2013 to August 2014. He served as the chief executive officer of RAIT Financial Trust, or RAIT, a real estate investment trust, from February 2009 to December 2016 and as its chair from December 2010 to October 2016. Prior to his position as the chief executive officer of RAIT, Mr. Schaeffer held various other executive positions at RAIT from September 2000. Mr. Schaeffer resigned from RAIT when we completed transactions to internalize our management and separate from RAIT in December 2016, which we refer to as our management internalization. Mr. Schaeffer served as the vice chair of the board of directors of Resource America, Inc., a specialty finance company, from 1998 to 2000, and as a director until October 2002. In addition to his roles on the board of directors, Mr. Schaeffer served in several senior management positions at Resource America from 1995 to 1998. Mr. Schaeffer also served as president of Resource Properties, Inc., a wholly owned real estate subsidiary of Resource America, from 1992 to 2000. Mr. Schaeffer currently serves as a National Trustee of the Boys and Girls Club of America, a position he has held since 2018. Mr. Schaeffer holds a BS in Commerce from Rider University in Lawrenceville, New Jersey. Mr. Schaeffer was selected to serve on our Board primarily because of his extensive experience as a chief executive officer of a public REIT and his lengthy career in real estate. Mr. Schaeffers position as our Chief Executive Officer, with his detailed knowledge of our business, and his ability to drive and oversee our business strategy, coupled with his communications skills and ability to foster diverse perspectives, make him a highly effective executive Chair of our Board. since 2014.
| Age | 62 |
| Tenure | 10 years |
| Address | 1835 Market Street, Philadelphia, PA, United States, 19103-2935 |
| Phone | 267 270 4800 |
| Web | https://www.irtliving.com |
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Schaeffer was selected to serve on our board primarily because of his substantial involvement in the acquisition and financing of apartment properties over his career in real estate. In addition, in the period prior to our management internalization, as the chief executive officer of RAIT,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.Similar Executives
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| James Dondero | Nexpoint Residential Trust | 58 | |
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| Sam Levinson | Clipper Realty | 46 | |
| James Klingbeil | UDR Inc | 85 | |
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| Samuel Zell | Equity Lifestyle Properties | 79 | |
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Management Performance
| Return On Equity | -1.0E-4 | |||
| Return On Asset | 0.0128 |
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
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Independence Realty a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -1.0E-4 | |||
| Return On Asset | 0.0128 | |||
| Profit Margin | (0.0003) % | |||
| Operating Margin | 0.20 % | |||
| Current Valuation | 7.1 B | |||
| Shares Outstanding | 225.1 M | |||
| Shares Owned By Insiders | 0.73 % | |||
| Shares Owned By Institutions | 96.78 % | |||
| Number Of Shares Shorted | 23.73 M | |||
| Price To Earning | 103.51 X |
Thematic Opportunities
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