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Independence Realty Trust Announces First Quarter 2021 Dividend

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Rhea-AI Summary

Independence Realty Trust (NYSE: IRT) has declared a quarterly dividend of $0.12 per share, payable on April 23, 2021, to stockholders on record by the close of business on April 2, 2021. The company focuses on owning and operating multifamily properties in non-gateway U.S. markets including Atlanta, Dallas, and Tampa. IRT aims to deliver attractive risk-adjusted returns through effective portfolio management and operational performance, promoting both capital appreciation and consistent shareholder distributions.

Positive
  • Declaration of a quarterly dividend of $0.12 per share indicates a commitment to returning value to shareholders.
  • Strategic focus on amenity-rich submarkets may enhance long-term growth and stability.
Negative
  • None.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT’s board of directors declared a quarterly dividend of $0.12 per share of IRT common stock, payable on April 23, 2021 to stockholders of record at the close of business on April 2, 2021.

About Independence Realty Trust, Inc.

Independence Realty Trust (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Dallas, Louisville, Memphis, Raleigh and Tampa. IRT’s investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation. More information may be found on the Company’s website www.irtliving.com.

FAQ

What is the dividend amount declared by IRT?

Independence Realty Trust declared a dividend of $0.12 per share.

When will the dividend be paid to IRT shareholders?

The dividend will be paid on April 23, 2021.

What is the record date for IRT's dividend?

The record date for the dividend is April 2, 2021.

How often does IRT pay dividends?

Independence Realty Trust typically pays dividends quarterly.

Independence Realty Trust Inc.

NYSE:IRT

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4.71B
225.10M
0.73%
96.79%
10.54%
REIT - Residential
Real Estate Investment Trusts
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United States of America
PHILADELPHIA