Independence Realty Trust Announces Third Quarter 2021 Dividend

Rhea-AI Summary

Independence Realty Trust, Inc. (NYSE: IRT) declared a quarterly dividend of $0.12 per share, set to be paid on October 22, 2021, to stockholders who are on record by October 1, 2021. This decision emphasizes IRT's commitment to providing consistent returns to its shareholders while operating multifamily apartment properties in key U.S. markets, including Atlanta, Dallas, and Tampa. IRT aims for growth through strong operational management and strategic investments in amenity-rich submarkets.

Positive

• Quarterly dividend of $0.12 per share enhances shareholder returns.
• Strategic focus on amenity-rich submarkets for growth.

Negative

• None.

PHILADELPHIA--(BUSINESS WIRE)-- 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 October 22, 2021 to stockholders of record at the close of business on October 1, 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/20210913005834/en/

Independence Realty Trust, Inc.

Edelman Financial Communications & Capital Markets

Ted McHugh and Lauren Torres

917-365-7979

IRT@edelman.com

Source: Independence Realty Trust, Inc.

FAQ

What is the dividend amount declared by IRT?

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

When is the dividend payment date for IRT?

The dividend is payable on October 22, 2021.

What is the record date for IRT's dividend?

The record date for the dividend is October 1, 2021.

How often does IRT pay dividends?

Independence Realty Trust, Inc. typically pays dividends quarterly.

What markets does IRT operate in?

IRT operates in markets such as Atlanta, Dallas, Louisville, Memphis, Raleigh, and Tampa.