Summary
18.78 0.48(2.60%)06/28/2024
Independence Realty Trust Inc (IRT)
Independence Realty Trust Inc (IRT)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 1.76 | 3.73 | 16.54 | 16.40 | 20.20 | 4.13 | -52.44 | -15.14 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 18.78 | |
| Open | 18.44 | |
| High | 18.82 | |
| Low | 18.42 | |
| Volume | 2,871,370 | |
| Change | 0.33 | |
| Change % | 1.76 | |
| Avg Volume (20 Days) | 3,378,943 | |
| Volume/Avg Volume (20 Days) Ratio | 0.85 | |
| 52 Week Range | 11.61 - 18.82 | |
| Price vs 52 Week High | -0.24% | |
| Price vs 52 Week Low | 61.71% | |
| Range | 1.82 | |
| Gap Up/Down | -0.05 | |
Fundamentals | ||
| Market Capitalization (Mln) | 4,218 | |
| EBIDTA | 115,084,000 | |
| PE Ratio | 85.5830 | |
| PEG Ratio | 4.5700 | |
| WallStreet Target Price | 25.08 | |
| Book Value | 7.1160 | |
| Earnings Per Share | 0.2830 | |
| EPS Estimate Current Quarter | 0.0500 | |
| EPS Estimate Next Quarter | 0.0500 | |
| EPS Estimate Current Year | 0.2000 | |
| EPS Estimate Next Year | 0.2500 | |
| Diluted EPS (TTM) | 0.2830 | |
| Revenues | ||
| Profit Marging | 0.1286 | |
| Operating Marging (TTM) | 0.2154 | |
| Return on asset (TTM) | 0.0173 | |
| Return on equity (TTM) | 0.0433 | |
| Revenue TTM | 227,424,000 | |
| Revenue per share TTM | 2.2540 | |
| Quarterly Revenue Growth (YOY) | 0.1210 | |
| Quarterly Earnings Growth (YOY) | 9.9640 | |
| Gross Profit (TTM) | 120,434,000 | |
| Dividends | ||
| Dividend Share | 0.4800 | |
| Dividend Yield | 0.0192 | |
| Valuations | ||
| Trailing PE | 85.5830 | |
| Forward PE | 102.0408 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 3.4500 | |
| Revenue Enterprise Value | 15.7600 | |
| EBITDA Enterprise Value | 27.5634 | |
| Shares | ||
| Shares Outstanding | 105,112,000 | |
| Shares Float | 103,931,298 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 0.89 | |
| Institutions (%) | 109.79 | |
06/10 16:40 EST - businesswire.com
Independence Realty Trust Announces Second Quarter 2024 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on July 19, 2024 to stockholders of record at the close of business on June 28, 2024. About Independence Realty Trust, Inc. Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including.
Independence Realty Trust Announces Second Quarter 2024 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on July 19, 2024 to stockholders of record at the close of business on June 28, 2024. About Independence Realty Trust, Inc. Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including.
06/03 08:00 EST - businesswire.com
Independence Realty Trust to Participate in Nareit's REITweek 2024 Investor Conference
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and Chief Executive Officer, Jim Sebra, Chief Financial Officer and Jason Delozier, Chief Accounting Officer will be meeting with investors and analysts at Nareit's REITweek 2024 Investor Conference on June 4-5 at the New York Hilton Midtown in New York City. There will also be a management presentation on Tuesday, June 4th at 3:00pm ET. The link to the webcast can b.
Independence Realty Trust to Participate in Nareit's REITweek 2024 Investor Conference
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and Chief Executive Officer, Jim Sebra, Chief Financial Officer and Jason Delozier, Chief Accounting Officer will be meeting with investors and analysts at Nareit's REITweek 2024 Investor Conference on June 4-5 at the New York Hilton Midtown in New York City. There will also be a management presentation on Tuesday, June 4th at 3:00pm ET. The link to the webcast can b.
05/20 07:24 EST - https://www.defenseworld.net
Foundations Investment Advisors LLC Lowers Holdings in Independence Realty Trust, Inc. (NYSE:IRT)
Foundations Investment Advisors LLC trimmed its holdings in Independence Realty Trust, Inc. (NYSE:IRT – Free Report) by 6.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,375 shares of the real estate investment trust’s stock after selling 986 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Independence Realty Trust were worth $215,000 as of its most recent SEC filing. A number of other institutional investors have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in Independence Realty Trust by 6.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,254 shares of the real estate investment trust’s stock valued at $1,847,000 after acquiring an additional 8,082 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Independence Realty Trust by 4.0% during the third quarter. Daiwa Securities Group Inc. now owns 71,603 shares of the real estate investment trust’s stock valued at $1,007,000 after purchasing an additional 2,782 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Independence Realty Trust by 3.7% during the third quarter. Nisa Investment Advisors LLC now owns 121,465 shares of the real estate investment trust’s stock valued at $1,709,000 after purchasing an additional 4,301 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Independence Realty Trust by 13.9% in the third quarter. California Public Employees Retirement System now owns 417,793 shares of the real estate investment trust’s stock worth $5,878,000 after purchasing an additional 50,830 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Independence Realty Trust by 5.5% during the third quarter. Victory Capital Management Inc. now owns 119,773 shares of the real estate investment trust’s stock valued at $1,685,000 after buying an additional 6,224 shares during the last quarter. 88.25% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Several analysts have recently issued reports on IRT shares. Deutsche Bank Aktiengesellschaft began coverage on Independence Realty Trust in a report on Tuesday, January 30th. They set a “buy” rating and a $18.00 price objective on the stock. JMP Securities lifted their price target on Independence Realty Trust from $15.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 6th. Royal Bank of Canada upped their price objective on Independence Realty Trust from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. TheStreet cut Independence Realty Trust from a “c” rating to a “d+” rating in a report on Friday, March 1st. Finally, Barclays decreased their price target on Independence Realty Trust from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.00. Get Our Latest Analysis on IRT Independence Realty Trust Price Performance Shares of NYSE:IRT opened at $17.11 on Monday. The firm has a market capitalization of $3.85 billion, a PE ratio of -570.14, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The business has a 50 day simple moving average of $16.05 and a two-hundred day simple moving average of $15.16. Independence Realty Trust, Inc. has a 1 year low of $11.61 and a 1 year high of $18.77. Independence Realty Trust Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, March 29th were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.64 dividend on an annualized basis and a yield of 3.74%. Independence Realty Trust’s payout ratio is -2,132.62%. Independence Realty Trust Company Profile (Free Report) Independence Realty Trust, Inc (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL.
Foundations Investment Advisors LLC Lowers Holdings in Independence Realty Trust, Inc. (NYSE:IRT)
Foundations Investment Advisors LLC trimmed its holdings in Independence Realty Trust, Inc. (NYSE:IRT – Free Report) by 6.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,375 shares of the real estate investment trust’s stock after selling 986 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Independence Realty Trust were worth $215,000 as of its most recent SEC filing. A number of other institutional investors have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in Independence Realty Trust by 6.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,254 shares of the real estate investment trust’s stock valued at $1,847,000 after acquiring an additional 8,082 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Independence Realty Trust by 4.0% during the third quarter. Daiwa Securities Group Inc. now owns 71,603 shares of the real estate investment trust’s stock valued at $1,007,000 after purchasing an additional 2,782 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Independence Realty Trust by 3.7% during the third quarter. Nisa Investment Advisors LLC now owns 121,465 shares of the real estate investment trust’s stock valued at $1,709,000 after purchasing an additional 4,301 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Independence Realty Trust by 13.9% in the third quarter. California Public Employees Retirement System now owns 417,793 shares of the real estate investment trust’s stock worth $5,878,000 after purchasing an additional 50,830 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Independence Realty Trust by 5.5% during the third quarter. Victory Capital Management Inc. now owns 119,773 shares of the real estate investment trust’s stock valued at $1,685,000 after buying an additional 6,224 shares during the last quarter. 88.25% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Several analysts have recently issued reports on IRT shares. Deutsche Bank Aktiengesellschaft began coverage on Independence Realty Trust in a report on Tuesday, January 30th. They set a “buy” rating and a $18.00 price objective on the stock. JMP Securities lifted their price target on Independence Realty Trust from $15.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 6th. Royal Bank of Canada upped their price objective on Independence Realty Trust from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. TheStreet cut Independence Realty Trust from a “c” rating to a “d+” rating in a report on Friday, March 1st. Finally, Barclays decreased their price target on Independence Realty Trust from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.00. Get Our Latest Analysis on IRT Independence Realty Trust Price Performance Shares of NYSE:IRT opened at $17.11 on Monday. The firm has a market capitalization of $3.85 billion, a PE ratio of -570.14, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The business has a 50 day simple moving average of $16.05 and a two-hundred day simple moving average of $15.16. Independence Realty Trust, Inc. has a 1 year low of $11.61 and a 1 year high of $18.77. Independence Realty Trust Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, March 29th were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.64 dividend on an annualized basis and a yield of 3.74%. Independence Realty Trust’s payout ratio is -2,132.62%. Independence Realty Trust Company Profile (Free Report) Independence Realty Trust, Inc (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL.
05/04 09:00 EST - seekingalpha.com
13 Fast-Growing REITs With Strong Balance Sheets
There are two types of REITs: COWs (Cash Only Wanted) that focus on high dividend yield, and FROGs (Fast Rate of Growth) that prioritize maximizing total return. Higher yield usually means lower gain, and vice versa, so investors generally have to choose between the two. This article lists 13 REITS that have grown Funds From Operations at double-digit rates, maintain ample liquidity, and have outperformed the average REIT over the past 3 years.
13 Fast-Growing REITs With Strong Balance Sheets
There are two types of REITs: COWs (Cash Only Wanted) that focus on high dividend yield, and FROGs (Fast Rate of Growth) that prioritize maximizing total return. Higher yield usually means lower gain, and vice versa, so investors generally have to choose between the two. This article lists 13 REITS that have grown Funds From Operations at double-digit rates, maintain ample liquidity, and have outperformed the average REIT over the past 3 years.
05/04 07:30 EST - seekingalpha.com
Billionaire Investors Say 'Buy REITs'
Blackstone has been on a REIT buying spree. Its leaders are self-made billionaires, and they talk highly about REITs. This is not surprising given that they are trading at their lowest valuations in over a decade.
Billionaire Investors Say 'Buy REITs'
Blackstone has been on a REIT buying spree. Its leaders are self-made billionaires, and they talk highly about REITs. This is not surprising given that they are trading at their lowest valuations in over a decade.
05/02 12:05 EST - seekingalpha.com
Independence Realty Trust: Poised To Outperform Thanks To Low Leverage And Improving Occupancy
Independence Realty Trust is one of the few REITs to deliver a positive return so far in 2024. Net debt accounts for just 38% of enterprise value, with the company largely completing its non-core disposal program. Weighted average cost of debt is only 4.2% thanks to hedging, with limited maturities until 2028.
Independence Realty Trust: Poised To Outperform Thanks To Low Leverage And Improving Occupancy
Independence Realty Trust is one of the few REITs to deliver a positive return so far in 2024. Net debt accounts for just 38% of enterprise value, with the company largely completing its non-core disposal program. Weighted average cost of debt is only 4.2% thanks to hedging, with limited maturities until 2028.
04/28 09:00 EST - seekingalpha.com
Stagflation Is Back
U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed's policy meeting in the week ahead, markets were confounded - albeit temporarily - by a "jarring" GDP report that showed a return of "stagflationary" trends. Defying the macro headwinds to post its best week since November, the S&P 500 rallied 2.8% on the week - erasing essentially all of its declines in the prior week.
Stagflation Is Back
U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed's policy meeting in the week ahead, markets were confounded - albeit temporarily - by a "jarring" GDP report that showed a return of "stagflationary" trends. Defying the macro headwinds to post its best week since November, the S&P 500 rallied 2.8% on the week - erasing essentially all of its declines in the prior week.
04/25 12:02 EST - seekingalpha.com
Independence Realty Trust, Inc. (IRT) Q1 2024 Earnings Call Transcript
Independence Realty Trust, Inc. (IRT) Q1 2024 Earnings Call Transcript
Independence Realty Trust, Inc. (IRT) Q1 2024 Earnings Call Transcript
Independence Realty Trust, Inc. (IRT) Q1 2024 Earnings Call Transcript
04/24 16:05 EST - businesswire.com
Independence Realty Trust Announces First Quarter 2024 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its first quarter 2024 financial results. First Quarter Highlights Net income available to common shares of $17.6 million for the quarter ended March 31, 2024 compared to $8.6 million for the quarter ended March 31, 2023. Earnings per diluted share of $0.08 for the quarter ended March 31, 2024 compared to $0.04 for the quarter ended March 31, 2023. Same-store portfol.
Independence Realty Trust Announces First Quarter 2024 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its first quarter 2024 financial results. First Quarter Highlights Net income available to common shares of $17.6 million for the quarter ended March 31, 2024 compared to $8.6 million for the quarter ended March 31, 2023. Earnings per diluted share of $0.08 for the quarter ended March 31, 2024 compared to $0.04 for the quarter ended March 31, 2023. Same-store portfol.
04/20 07:30 EST - seekingalpha.com
My Biggest REIT Wins And Lessons
I have suffered many losses over the years. But fortunately, I have had many more winners than losers. I discuss some of my best REIT investments and lessons that they taught me.
My Biggest REIT Wins And Lessons
I have suffered many losses over the years. But fortunately, I have had many more winners than losers. I discuss some of my best REIT investments and lessons that they taught me.
04/08 17:00 EST - businesswire.com
Independence Realty Trust Announces First Quarter 2024 Earnings Release and Conference Call Dates
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its first quarter 2024 financial results after market close on Wednesday, April 24, 2024, and will hold its quarterly results conference call on Thursday, April 25, 2024 at 9:00 a.m. Eastern Time. The live conference call can be accessed from the investor relations section of the IRT website at investors.irtliving.com or by dialing 1.888.440.3307, access code 1963990. A.
Independence Realty Trust Announces First Quarter 2024 Earnings Release and Conference Call Dates
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its first quarter 2024 financial results after market close on Wednesday, April 24, 2024, and will hold its quarterly results conference call on Thursday, April 25, 2024 at 9:00 a.m. Eastern Time. The live conference call can be accessed from the investor relations section of the IRT website at investors.irtliving.com or by dialing 1.888.440.3307, access code 1963990. A.
04/07 09:00 EST - seekingalpha.com
A Crude Problem
U.S. equity markets declined this week while benchmark interest rates jumped to the highest level since November after stronger-than-expected employment data showed robust hiring trends in early 2024. Stagflation has crept back into the economic discussion over the past several weeks amid a resurgence in oil prices alongside economic data showing stubbornly lukewarm inflationary trends. Following two straight weeks of gains which had lifted the benchmark to record-highs, the S&P 500 declined by 0.9% this week. Real estate equities were among the laggards this week.
A Crude Problem
U.S. equity markets declined this week while benchmark interest rates jumped to the highest level since November after stronger-than-expected employment data showed robust hiring trends in early 2024. Stagflation has crept back into the economic discussion over the past several weeks amid a resurgence in oil prices alongside economic data showing stubbornly lukewarm inflationary trends. Following two straight weeks of gains which had lifted the benchmark to record-highs, the S&P 500 declined by 0.9% this week. Real estate equities were among the laggards this week.
03/11 16:30 EST - businesswire.com
Independence Realty Trust Announces First Quarter 2024 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on April 19, 2024 to stockholders of record at the close of business on March 29, 2024. About Independence Realty Trust, Inc. Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets includin.
Independence Realty Trust Announces First Quarter 2024 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on April 19, 2024 to stockholders of record at the close of business on March 29, 2024. About Independence Realty Trust, Inc. Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets includin.
03/04 07:30 EST - businesswire.com
Independence Realty Trust Receives Investment Grade Credit Rating from Fitch
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) announced today that the Company received an investment grade rating from Fitch Ratings (“Fitch”). Fitch has assigned a Long-Term Issuer Default Rating of ‘BBB' to IRT with a stable outlook. In addition, Fitch has assigned a rating of ‘BBB' to the company's subsidiary, Independence Realty Operating Partnership, LP and its senior unsecured debt, which includes credit facilities and unsecured term.
Independence Realty Trust Receives Investment Grade Credit Rating from Fitch
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) announced today that the Company received an investment grade rating from Fitch Ratings (“Fitch”). Fitch has assigned a Long-Term Issuer Default Rating of ‘BBB' to IRT with a stable outlook. In addition, Fitch has assigned a rating of ‘BBB' to the company's subsidiary, Independence Realty Operating Partnership, LP and its senior unsecured debt, which includes credit facilities and unsecured term.
03/01 08:00 EST - businesswire.com
Independence Realty Trust to Present at Citi's 2024 Global Property CEO Conference
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) announced today that Scott Schaeffer, Chairman and Chief Executive Officer and Jim Sebra, Chief Financial Officer, will be participating next week in Citi's 2024 Global Property CEO Conference held in Hollywood, FL. The Company published its updated Investor Presentation in the investor relations section of IRT's website. Roundtable Presentation When: Tuesday, March 5, 2024 at 3:35 PM ET Live Web.
Independence Realty Trust to Present at Citi's 2024 Global Property CEO Conference
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) announced today that Scott Schaeffer, Chairman and Chief Executive Officer and Jim Sebra, Chief Financial Officer, will be participating next week in Citi's 2024 Global Property CEO Conference held in Hollywood, FL. The Company published its updated Investor Presentation in the investor relations section of IRT's website. Roundtable Presentation When: Tuesday, March 5, 2024 at 3:35 PM ET Live Web.
03/01 07:55 EST - businesswire.com
Independence Realty Trust Appoints Craig Macnab to its Board of Directors
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) today announced the appointment of Craig Macnab to its Board of Directors (the “Board”), effective February 29, 2024. Mr. Macnab brings over 20 years of experience to IRT's Board after serving in various executive and board roles in the REIT industry, including most recently as CEO of National Retail Properties, Inc. (NYSE: NNN) for 13 years. Mr. Macnab's appointment increases the size of IRT's B.
Independence Realty Trust Appoints Craig Macnab to its Board of Directors
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) today announced the appointment of Craig Macnab to its Board of Directors (the “Board”), effective February 29, 2024. Mr. Macnab brings over 20 years of experience to IRT's Board after serving in various executive and board roles in the REIT industry, including most recently as CEO of National Retail Properties, Inc. (NYSE: NNN) for 13 years. Mr. Macnab's appointment increases the size of IRT's B.
02/17 10:00 EST - seekingalpha.com
Independence Realty: Q4 Earnings Show Improved Portfolio Strength
Independence Realty Trust has outperformed competitors and the Vanguard Real Estate ETF in terms of total return which makes it a strong contender. The recent earnings report showed mixed financial performance, with a decrease in net income but increased revenue, NOI, and portfolio occupancy. IRT is implementing a portfolio optimization and debt reduction strategy, selling properties and reducing debt to improve financials.
Independence Realty: Q4 Earnings Show Improved Portfolio Strength
Independence Realty Trust has outperformed competitors and the Vanguard Real Estate ETF in terms of total return which makes it a strong contender. The recent earnings report showed mixed financial performance, with a decrease in net income but increased revenue, NOI, and portfolio occupancy. IRT is implementing a portfolio optimization and debt reduction strategy, selling properties and reducing debt to improve financials.
02/15 14:49 EST - seekingalpha.com
Independence Realty Trust, Inc. (IRT) Q4 2023 Earnings Call Transcript
Independence Realty Trust, Inc. (IRT) Q4 2023 Earnings Call Transcript
Independence Realty Trust, Inc. (IRT) Q4 2023 Earnings Call Transcript
Independence Realty Trust, Inc. (IRT) Q4 2023 Earnings Call Transcript
02/14 18:56 EST - zacks.com
Independence Realty Trust (IRT) Q4 FFO Meet Estimates
Independence Realty Trust (IRT) came out with quarterly funds from operations (FFO) of $0.30 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.29 per share a year ago.
Independence Realty Trust (IRT) Q4 FFO Meet Estimates
Independence Realty Trust (IRT) came out with quarterly funds from operations (FFO) of $0.30 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.29 per share a year ago.
02/14 16:05 EST - businesswire.com
Independence Realty Trust Announces Fourth Quarter and Full Year 2023 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its fourth quarter and full year 2023 financial results and provided its full year 2024 guidance. Fourth Quarter Highlights Net loss available to common shares of $40.5 million for the quarter ended December 31, 2023 compared to net income available to common shares of $33.6 million for the quarter ended December 31, 2022. Loss per diluted share of $0.18 for the quar.
Independence Realty Trust Announces Fourth Quarter and Full Year 2023 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its fourth quarter and full year 2023 financial results and provided its full year 2024 guidance. Fourth Quarter Highlights Net loss available to common shares of $40.5 million for the quarter ended December 31, 2023 compared to net income available to common shares of $33.6 million for the quarter ended December 31, 2022. Loss per diluted share of $0.18 for the quar.