Independence Realty Trust Announces First Quarter 2024 Financial Results [Yahoo! Finance]
Independence Realty Trust, Inc. (IRT)
NASDAQ:AMEX Investor Relations:
irtliving.com/page.aspx/contentid/7/investor-relations
Company Research
Source: Yahoo! Finance
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 portfolio net operating income ("NOI") growth of 2.4% for the quarter ended March 31, 2024 compared to the quarter ended March 31, 2023. Disposed of nine properties under our Portfolio Optimization and Deleveraging Strategy for a total gross sales price of $496.8 million and used proceeds from the sales to repay $488.9 million of debt. Repayment of debt included significant paydowns on our revolver which improved our liquidity position to $412 million as of March 31, 2024. Core Funds from Operations ("CFFO") of $61.5 million for the quarter ended March 31, 2024 compared to $62.5 million for the quarter ended March 31, 2023. CFFO per share was $0.27 for the fir
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News
- Independence Realty Trust: Poised To Outperform Thanks To Low Leverage And Improving Occupancy [Seeking Alpha]Seeking Alpha
- Independence Realty Trust, Inc. (NYSE:IRT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Independence Realty Trust Announces First Quarter 2024 Financial ResultsBusiness Wire
- Independence Realty Trust Announces First Quarter 2024 Earnings Release and Conference Call DatesBusiness Wire
- Camden Property Trust, Sachem Capital among real estate movers [Seeking Alpha]Seeking Alpha
IRT
Earnings
- 4/24/24 - Miss
IRT
Sec Filings
- 4/30/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/19/24 - Form D/A
- IRT's page on the SEC website