Independence Realty Trust

Independence Realty Trust, Inc. is a real estate investment trust, which acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It aims to provide stockholders risk-adjusted returns through diligent portfolio management, operational performance and consistent return of capital through distributions and capital appreciation. The company was founded on March 26, 2009 and is headquartered in Philadelphia, PA.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Independence Realty Trust (IRT) excels in Q4 2022 earnings call, poised for growth amid market challenges

Independence Realty Trust (IRT) demonstrated robust financial performance and operational efficiency in Q4 2022, positioning the company for continued success.
While facing challenges such as market dynamics and asset dispositions, IRT remains focused on growth opportunities and enhancing shareholder value.
Opportunities in market rent growth, occupancy optimization, and resident retention provide avenues for IRT to further strengthen its position in the real estate sector.

Independence Realty Trust (IRT) excels in Q1, eyes Midwest growth

Independence Realty Trust (IRT) demonstrated robust Q1 performance with strong financial metrics and operational achievements. The company's strategic focus on value-add properties, stable Midwest markets, and competitive pricing strategies position it well for future growth.

Independence Realty Trust (IRT) reports robust Q2 performance and raises 2023 guidance

Independence Realty Trust (IRT) delivered a strong performance in Q2 2023, driven by operational improvements and strategic initiatives.
With a focus on reducing leverage, driving occupancy, and capitalizing on market trends, IRT is well-positioned for sustainable growth.
Despite potential challenges and uncertainties, IRT's proactive approach to portfolio optimization and financial management bodes well for its future prospects.

Independence Realty Trust (IRT) reports improved Q3 performance and strategic asset sales

Independence Realty Trust (IRT) Q3 earnings call highlighted improved operational performance, cost reductions, and strategic asset sales for deleveraging. Despite challenges in certain markets, the company remains focused on optimizing its portfolio and driving efficiency.

Independence Realty Trust (IRT) excels in Q4 amidst market challenges

Independence Realty Trust (IRT) demonstrated resilience and strategic foresight in navigating market challenges while delivering strong financial performance in Q4 2023.
The company's proactive approach to portfolio optimization, technology integration, and value-driven strategies positions it well for continued growth and stability in the real estate sector.
Despite the anticipated headwinds in 2024, IRT's focus on reducing debt, enhancing operational efficiency, and maximizing portfolio performance underscores its commitment to long-term success.

Independence Realty Trust excels in Q1 2024 performance and strategic planning

Independence Realty Trust (IRT) delivered a strong performance in Q1 2024, focusing on operational efficiency, asset management, and sustainability initiatives.
While facing challenges in pricing power and maintaining NOI margin, IRT is well-positioned to capitalize on opportunities in Sunbelt regions and portfolio optimization.
Overall, IRT's strategic actions in Q1 set a positive trajectory for growth, supported by a solid financial foundation and a commitment to sustainable practices.

Independence Realty Trust reports solid Q3 results and eyes growth

IRT's Q3 performance reflects stability and growth potential, supported by strong occupancy and revenue metrics.
While facing challenges like rising operating expenses and leasing declines, the company is poised to capitalize on acquisition opportunities.
Maintaining guidance and making strategic adjustments position IRT well for continued financial strength and value creation.

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Stocks are trading based on their sector designation rather than their individual merits.

Don't Pay The Pure-Play Premium

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Third Quarter 2021 Dividend

Independence Realty Trust Announces Third Quarter 2021 Dividend

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IRT's sunbelt apartment properties are growing nicely. But that growth is not making it to investors.

Independence Realty Has Great Properties But Poor Governance

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced the closing of its previously announced underwritten public offering of 16,100,000 shares of common stock at a public offering price of $17.75 per share, including 2,100,000 shares sold pursuant to the exercise in full of the underwriters' option to purchase additional shares of common stock. In connection with the offering, IRT entered into forward sale agreements with Bank of Montreal. Barclays,

Independence Realty Trust, Inc. Announces Closing of Public Offering of 16,100,000 shares of Common Stock, Including Exercise in Full of Underwriters' Option to Purchase Additional Shares

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NEW YORK, July 29, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Investors Bancorp, Inc. (NASDAQ: ISBC) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Citizens Financial Group, Inc. Under the terms of the merger, Investors shareholders will receive 0.297 of a share of Citizens common stock and $1.46 in cash for each share of Investors they own. Upon closing, former Investors shareholders will collectively own approximately 14% of the combined company.

INVESTIGATION ALERT: Halper Sadeh LLP Investigates ISBC, IRT, KRG, BRBS; Shareholders are Encouraged to Contact the Firm

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that the underwriters of its previously announced public offering of 14,000,000 common shares have fully exercised their over-allotment option to purchase an additional 2,100,000 shares at a price of $17.75 per share. The offering is expected to close on or about July 30, 2021, subject to customary closing conditions. Barclays, BMO Capital Markets, Citigroup, KeyBanc Capital Markets, Baird, BofA S

Independence Realty Trust, Inc. Announces Underwriters' Exercise of Over-Allotment Option to Purchase Additional Shares

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced the pricing of its public offering of 14,000,000 shares of common stock at a price of $17.75 per share in connection with the forward sale agreement described below. The Company also granted the underwriters a 30-day option to purchase up to 2,100,000 additional shares. The offering is expected to close on or about July 30, 2021, subject to customary closing conditions. Barclays, BMO Capital Marke

Independence Realty Trust, Inc. Announces Pricing of Public Offering of 14,000,000 Shares of Common Stock

NEW YORK, July 27, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Steadfast Apartment REIT, Inc. ("STAR" or the "Company") (OTC: STFR) in connection with the proposed merger of the Company with Independence Realty Trust, Inc. (NYSE: IRT).  Under the terms of the merger agreement, each STAR common share will be converted into 0.905 shares of newly issued IRT common stock.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Steadfast Apartment REIT, Inc.

Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q2 2021 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Independence Realty Trust, Inc. (NYSE: IRT) and Steadfast Apartment REIT, Inc. is fair to Independence Realty shareholders. On a pro forma basis, following the merger, Independence Realty stockholders are expected to own approximately 50% of the combined company's equity. Halper Sadeh encourages Independence Realty shareholders to click here to learn more about their legal righ

Independence Realty Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Independence Realty Trust, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – IRT

Independence Realty Trust (IRT) delivered FFO and revenue surprises of 5.26% and 3.29%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Independence Realty Trust (IRT) Q2 FFO and Revenues Beat Estimates

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it is commencing an underwritten public offering of 14,000,000 shares of common stock, par value $0.01 per share, in connection with the forward sale agreements described below. IRT expects to grant the underwriters a 30-day option to purchase up to 2,100,000 additional shares of common stock. Barclays, BMO Capital Markets and Citigroup are acting as joint book-running managers of the offerin

Independence Realty Trust, Inc. Announces Public Offering of 14,000,000 Shares of Common Stock

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today reported its second quarter 2021 financial results. Second Quarter Highlights Net income available to common shares of $3.4 million for the quarter ended June 30, 2021 compared to a net income of $0.8 million for the quarter ended June 30, 2020. Earnings per diluted share of $0.03 for the quarter ended June 30, 2021 compared to $0.01 for the quarter ended June 30, 2020. Same s

Independence Realty Trust Reports Second Quarter 2021 Financial Results & Increases Full Year 2021 Guidance

PHILADELPHIA & IRVINE, Calif.--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) and Steadfast Apartment REIT, Inc. (“STAR”) today announced that they have entered into a definitive merger agreement under which STAR will merge with and into IRT, with IRT surviving as the continuing public company. The merger will join together two high-quality portfolios with complementary geographic footprints in the highly desirable Sunbelt region of the United States. On a pro forma basis,

Independence Realty Trust and Steadfast Apartment REIT Announce Strategic Merger

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its second quarter 2021 financial results after market close on Monday, July 26, 2021, and will hold its quarterly results conference call on Tuesday, July 27, 2021 at 9:00 a.m. Eastern Time. The live conference call can be accessed from the investor relations section of the IRT website at investors.irtliving.com or by dialing 1.833.789.1330. A replay of the conference c

Independence Realty Trust Announces Second Quarter 2021 Earnings Release and Conference Call Dates

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PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Second Quarter 2021 Dividend

Independence Realty Trust Announces Second Quarter 2021 Dividend

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PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust to Participate in Nareit's REITweek 2021 Investor Conference

Independence Realty Trust to Participate in Nareit's REITweek 2021 Investor Conference

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Closing of $200 Million Term Loan

Independence Realty Trust Announces Closing of $200 Million Term Loan

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Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q1 2021 Results - Earnings Call Transcript

Independence Realty Trust (IRT) delivered FFO and revenue surprises of -5.26% and 1.18%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

News for Independence Realty Trust Stock (IRT)