WallStSmart

Independence Realty Trust Inc (IRT)vsSun Communities Inc (SUI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Sun Communities Inc generates 247% more annual revenue ($2.30B vs $662.92M). SUI leads profitability with a 59.2% profit margin vs 3.4%. IRT appears more attractively valued with a PEG of 4.57. SUI earns a higher WallStSmart Score of 48/100 (D+).

IRT

Hold

47

out of 100

Grade: D+

Growth: 4.0Profit: 5.0Value: 2.0Quality: 6.0
Piotroski: 3/9

SUI

Hold

48

out of 100

Grade: D+

Growth: 2.7Profit: 6.5Value: 4.0Quality: 6.0
Piotroski: 3/9Altman Z: 0.30
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

IRTSignificantly Overvalued (-2657.4%)

Margin of Safety

-2657.4%

Fair Value

$0.61

Current Price

$15.01

$14.40 premium

UndervaluedFair: $0.61Overvalued

Intrinsic value data unavailable for SUI.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

IRT2 strengths · Avg: 9.0/10
Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Operating MarginProfitability
23.0%8/10

Strong operational efficiency at 23.0%

SUI2 strengths · Avg: 9.0/10
Profit MarginProfitability
59.2%10/10

Keeps 59 of every $100 in revenue as profit

Price/BookValuation
2.3x8/10

Reasonable price relative to book value

Areas to Watch

IRT4 concerns · Avg: 2.8/10
Return on EquityProfitability
0.6%3/10

ROE of 0.6% — below average capital efficiency

Profit MarginProfitability
3.4%3/10

3.4% margin — thin

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
4.572/10

Expensive relative to growth rate

SUI4 concerns · Avg: 3.0/10
Revenue GrowthGrowth
3.4%4/10

3.4% revenue growth

Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
8.162/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : IRT

The strongest argument for IRT centers on Price/Book, Operating Margin. Revenue growth of 11.0% demonstrates continued momentum.

Bull Case : SUI

The strongest argument for SUI centers on Profit Margin, Price/Book. Profitability is solid with margins at 59.2% and operating margin at 15.5%.

Bear Case : IRT

The primary concerns for IRT are Return on Equity, Profit Margin, Piotroski F-Score. A P/E of 182.9x leaves little room for execution misses. Thin 3.4% margins leave little buffer for downturns.

Bear Case : SUI

The primary concerns for SUI are Revenue Growth, Return on Equity, Piotroski F-Score.

Key Dynamics to Monitor

IRT carries more volatility with a beta of 1.02 — expect wider price swings.

IRT is growing revenue faster at 11.0% — sustainability is the question.

SUI generates stronger free cash flow (158M), providing more financial flexibility.

Monitor REIT - RESIDENTIAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

SUI scores higher overall (48/100 vs 47/100), backed by strong 59.2% margins. Both earn "Hold" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Independence Realty Trust Inc

REAL ESTATE · REIT - RESIDENTIAL · USA

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multi-family apartment properties in non-entry US markets, including Atlanta, Louisville, Memphis and Raleigh.

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Sun Communities Inc

REAL ESTATE · REIT - RESIDENTIAL · USA

Sun Communities Inc. (SUI) is a leading real estate investment trust (REIT) focused on the ownership, operation, and development of manufactured housing and recreational vehicle (RV) communities across the United States and Ontario, Canada. With a diverse portfolio exceeding 600 properties, Sun Communities prioritizes reliable rental income generation while enhancing tenant living experiences through strategic acquisitions and community improvements. The company’s commitment to sustainable practices and responsible land management positions it favorably for long-term growth, appealing to institutional investors seeking stability and value in an evolving housing market.

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