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Stock impact report

Independence Realty Trust Announces First Quarter 2026 Financial Results

Independence Realty Trust, Inc. (IRT) 
Company Research Source: Business Wire
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, announces its first quarter 2026 financial results.First Quarter 2026 EPS of $0.00First Quarter 2026 CFFO Per Share of $0.26In Line with ExpectationsSame-Store Portfolio NOI Growth of 1.0% for the First Quarter 20261.4% Increase in Rental Revenue and 2.0% Increase in Property Operating Expenses, Year Over YearContinued Strong Resident Retention Rate of 60.5%Completed 426 Renovations in Value Add Initiative for the First Quarter 2026Achieved Average ROI of 15.4%Repurchased 1.8 Million Shares of Our Common Stock for $29.9 Million in the First Quarter 2026Balance Sheet Remains StrongConservative Leverage and Ample Liquidity to Fund Growth$350 Million Unsecured Term Loan Refinanced 2026 Debt Maturities; No Debt Maturities Until 2028Affirm Full Year 2026 Core FFO Per Share GuidanceManagement Commentary“First quarter 2026 results were in line with our expectations and marked Show less Read more
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