Independence Realty Trust Announces Tax Treatment of Dividends in 2020
Independence Realty Trust (IRT) has released tax information regarding its 2020 dividend distributions. Notably, IRT will report a dividend distribution of $0.1800 per share on payments made after December 26, 2019, with a payment date of January 24, 2020. Subsequent dividends include $0.1200 per share for payments made on July 2, 2020, and October 2, 2020, with payment dates on July 24 and October 23, respectively. IRT advises shareholders to consult tax advisors regarding the implications of these distributions for tax purposes.
- Consistent dividend distribution of $0.1800 and $0.1200 indicates stable income for shareholders.
- Company's focus on gaining scale in amenity-rich submarkets suggests potential for capital appreciation.
- Ongoing dividends may strain cash reserves if not backed by sufficient operational income.
Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax reporting information for the 2020 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:
Common Shares (CUSIP #45378A106)
Record Date |
Payment Date |
Distribution Per Share |
Ordinary Dividend |
Total Capital Gain Distr. |
Unrecap-tured Sec. 1250 Gain |
Return of Capital |
Section 199A |
12/26/2019 |
1/24/2020 |
|
|
|
|
|
|
4/2/2020 |
4/24/2020 |
|
|
|
|
|
|
7/2/2020 |
7/24/2020 |
|
|
|
|
|
|
10/2/2020 |
10/23/2020 |
|
|
|
|
|
|
IRT’s dividend paid on January 22, 2021 to holders of record on December 30, 2020 will be treated as a 2021 distribution for tax purposes.
IRT encourages shareholders to consult with their personal tax advisors with respect to the federal, state, and local income tax effects of these dividends.
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, Louisville, Memphis, and Raleigh. 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 of 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/20210126005997/en/
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