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Independence Realty Trust Inc. (IRT) is a prominent real estate investment trust (REIT) headquartered at Cira Centre, 2929 Arch Street, 17th Floor, Philadelphia, PA 19104, United States. Specializing in the acquisition, ownership, operation, improvement, and management of multifamily apartment communities, IRT has a substantial presence in non-gateway U.S. markets. These markets include vibrant cities such as Louisville, Memphis, Atlanta, and Raleigh.
IRT focuses on expanding its portfolio within key submarkets that are rich in amenities. These areas feature excellent school districts, robust retail sectors, and various employment centers, making them attractive locations for residents. The company's strategic approach aims to enhance its scale and efficiency in these sought-after neighborhoods.
Recent achievements for IRT include successful acquisitions and the strategic repositioning of properties to enhance value and tenant satisfaction. In addition to property management, IRT continuously works on improving its existing assets, ensuring they meet modern standards and residents' expectations.
Financially, Independence Realty Trust maintains a solid balance sheet and a diversified portfolio, which helps mitigate risks associated with regional economic fluctuations. The company also boasts partnerships with various stakeholders, further strengthening its market position and operational capabilities.
- Headquarters: Philadelphia, PA, USA
- Core Business: Multifamily apartment communities
- Key Markets: Louisville, Memphis, Atlanta, Raleigh
- Focus: Amenity-rich submarkets
Independence Realty Trust, Inc. (IRT) provided tax reporting information for its 2022 dividend distributions on common stock. The dividends include a total payment of $0.12000 per share on April 22, 2022, $0.14000 per share on July 22, 2022, $0.14000 per share on October 21, 2022, and $0.14000 per share on January 20, 2023. Shareholders are encouraged to consult tax advisors regarding income tax implications of these dividends. IRT operates multifamily communities in several U.S. markets, focusing on high-quality, amenity-rich areas. For more details, visit IRT's website.
Independence Realty Trust, Inc. (NYSE: IRT) is set to announce its fourth quarter and full year 2022 financial results on February 15, 2023, after market close. Following this, a live conference call will take place on February 16, 2023, at 9:00 a.m. Eastern Time. Investors can access the call via the IRT website or by calling 1.844.200.6205 with access code 513491. A replay will be available until February 23, 2023. IRT focuses on multifamily communities in non-gateway U.S. markets, aiming to provide attractive risk-adjusted returns and operate in key amenity-rich submarkets.
Independence Realty Trust, Inc. (NYSE: IRT) announced a quarterly dividend of $0.14 per share, payable on January 20, 2023, to stockholders recorded by December 30, 2022. This steady dividend demonstrates the company’s ongoing commitment to providing returns to its investors. IRT focuses on multifamily communities in non-gateway U.S. markets. The press release also mentions uncertainties due to potential economic challenges and risks associated with its merger with Steadfast Apartment REIT, Inc. (STAR).
Independence Realty Trust, Inc. (NYSE: IRT) announced the departure of
Independence Realty Trust, Inc. (IRT) reported strong third quarter 2022 results, with net income available to common shares increasing to $16.2 million from $11.5 million YoY. Earnings per diluted share decreased to $0.07, down from $0.11 last year. Significant growth was noted in same-store portfolio net operating income (NOI), which rose by 11.5%, and Core Funds from Operations (CFFO) surged to $64.3 million from $22.7 million YoY. Adjusted EBITDA also saw an increase to $89.3 million. The company has maintained its full-year guidance for NOI and increased its CFFO per share growth outlook.
Independence Realty Trust, Inc. (NYSE: IRT) plans to release its third quarter 2022 financial results on October 26, 2022, after the market close. A conference call discussing the results is scheduled for October 27, 2022, at 9:00 a.m. Eastern Time. Investors can access the call via the IRT website or by dialing 1.844.200.6205 with the access code 647671. A replay will be available on the website until the next earnings release, and telephonically until November 3, 2022.
Independence Realty Trust (NYSE: IRT) reported that its apartment communities in Tampa and Orlando, Florida remained largely undamaged following Hurricane Ian. CEO Scott Schaeffer confirmed the safety of residents and staff, thanking on-site teams for their preparedness. The company will provide updates should any significant developments occur. IRT focuses on owning and managing multifamily properties across the U.S., aiming to achieve attractive risk-adjusted returns through effective portfolio management.
Independence Realty Trust, Inc. (IRT) has announced a quarterly dividend of
Independence Realty Trust, Inc. (IRT) announced its second quarter 2022 financial results, featuring a net loss of $7.2 million compared to a gain of $3.4 million in Q2 2021. Despite this, the company reported a 14.4% increase in same-store net operating income (NOI) and a significant rise in Core Funds from Operations (CFFO) to $58.6 million. IRT also raised its full-year 2022 EPS guidance to $0.48-$0.50. Notably, the company secured a new $400 million term loan and completed renovations on 195 units with a 34.6% return on investment.
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