Independence Realty Trust: The Dividend Is Not Going To Grow And May Even Be Cut Soon [Seeking Alpha]
Independence Realty Trust, Inc. (IRT)
NASDAQ:AMEX Investor Relations:
irtliving.com/page.aspx/contentid/7/investor-relations
Company Research
Source: Seeking Alpha
Independence Realty Trust: The Dividend Is Not Going To Grow And May Even Be Cut Soon Summary IRT has solid Class B apartment assets as well as a sound, value-add investment strategy. However, the company pays out almost all of its FFO to shareholders - around 96%. This leaves IRT unable to prevent debt and equity issuance, which has offset its ROI from value-add projects. It is possible that the company could see some FFO per share growth in the coming quarters. Even so, the stock is overvalued according to almost any realistic scenario. Independence Realty Trust ( I set out on my research of the company expecting to be affirmed in my preconceived opinion of it. That opinion had been shaped largely by other writers here on Seeking Alpha who I highly respect. My research unfortunately led me to a different conclusion than theirs. My basic conclusion is that IRT's dividend is not likely to rise anytime soon and is in fact highly susceptible to a cut in an economic downturn The followin
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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 Results [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
IRT
Earnings
- 4/24/24 - Miss
IRT
Sec Filings
- 5/7/24 - Form 8-K
- 4/30/24 - Form 10-Q
- 4/24/24 - Form 8-K
- IRT's page on the SEC website