Independence Realty Trust Announces Second Quarter 2021 Dividend

Rhea-AI Summary

Independence Realty Trust (NYSE: IRT) declared a quarterly dividend of $0.12 per share, payable on July 23, 2021, to stockholders of record by the close of business on July 2, 2021. The company focuses on operating multifamily apartment properties in non-gateway U.S. markets such as Atlanta and Dallas, aiming to provide attractive risk-adjusted returns through effective portfolio management and strong operational performance. IRT's strategy emphasizes gaining scale in amenity-rich submarkets to enhance stockholder value.

Positive

• Quarterly dividend of $0.12 per share enhances income for shareholders.
• Focus on key amenity-rich submarkets may drive long-term growth.
• Strong operational performance strategy supports consistent returns.

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 July 23, 2021 to stockholders of record at the close of business on July 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210614005774/en/

FAQ

What is the dividend amount declared by Independence Realty Trust (IRT)?

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

When will the dividend be paid to stockholders of IRT?

The dividend will be paid on July 23, 2021.

What is the record date for the IRT dividend?

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

How does IRT plan to provide returns to its shareholders?

IRT aims to provide attractive risk-adjusted returns through portfolio management and operational performance.