DeForest Soaries - Independence Realty Independent Director

IRT Stock  USD 20.73  0.13  0.62%   

Director

Dr. DeForest Blake Soaries Jr. D.Min. is Independent Director of the Independence Realty Trust, Inc. Dr. Soaries has served as one of our independent directors since February 2011. Dr. Soaries has served as a director for the Federal Home Loan Bank of New York since January 2009, a position which he previously held from February to December 2003. In this capacity, he served on the affordable housing committee that reviews and approves housing development projects for government funding. Since 1990, he has served as the Senior Pastor of the First Baptist Church of Lincoln Gardens in Somerset, New Jersey, where he currently leads a congregation of 7, 000 members. Since January 2015, he has served as a director on the board of directors, or the Ocwen board, of Ocwen Financial Corporation, a publicly traded financial services holding company, and serves as a member of the audit committee of the Ocwen board. From 2004 to 2005, he served as the first chair of the U.S. Election Assistance Commission, appointed by former President George W. Bush and confirmed by the U.S. Senate. From 1999 to 2002, Dr. Soaries served as Secretary of State of New Jersey. In this capacity, he served for three years on the Governors Urban Coordinating Council that guided state policy on real estate development, most of which was apartment real estate development. Dr. Soaries was a professor at the Drew University Theological School in Madison, New Jersey from 1997 to 1999, Kean University in Union, New Jersey from 1993 to 1994 and Princeton Theological Seminary in Princeton, New Jersey from 1992 to 1993 and an assistant professor at Mercer County Community College in Trenton, New Jersey from 1989 to 1991. He has led the development, ownership, conversion and management of several apartment projects as a community development executive since 2011.
Age 68
Tenure 14 years
Address 1835 Market Street, Philadelphia, PA, United States, 19103-2935
Phone267 270 4800
Webhttps://www.irtliving.com
Soaries holds a Bachelor of Arts in Urban and Religious Studies from Fordham University in Bronx.

DeForest Soaries Latest Insider Activity

Tracking and analyzing the buying and selling activities of DeForest Soaries against Independence Realty stock is an integral part of due diligence when investing in Independence Realty. DeForest Soaries 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 Equity is likely to gain to 0.01 in 2025, whereas Return On Tangible Assets are likely to drop 0.01 in 2025. At this time, Independence Realty's Total Current Liabilities is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 6.4 B in 2025, whereas Non Current Liabilities Total is likely to drop slightly above 1 B in 2025.
Independence Realty Trust has 2.33 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 28 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, Executive 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, Executive 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.