Independence Realty: Q4 Earnings Show Improved Portfolio Strength [Seeking Alpha]
Independence Realty Trust, Inc. (IRT)
NASDAQ:AMEX Investor Relations:
irtliving.com/page.aspx/contentid/7/investor-relations
Company Research
Source: Seeking Alpha
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. While the dividend yield of 4.5% is well-covered, the lack of growth is disappointing. Overview As an investor that values dividend income, REITs hold a valuable part of my portfolio as they can provide unique exposure to the real estate sector and usually have yields larger than traditional stocks. In the case of Independence Realty ( NYSE: IRT ), the dividend yield doesn't quite meet my needs at 4.5% but the total return has outperformed in comparison to the Vanguard Real Estate ETF ( VNQ ) and competitors such as NexPoint Residential ( NXRT ) or Apartment Income REIT Corp ( AIRC ). Therefore, I decided to take a look into the REIT to determine if it belongs a spot in my portfolio after this most re
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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