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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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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PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces First Quarter 2021 Financial Results

Independence Realty Trust Announces First Quarter 2021 Financial Results

American Campus Communities

AvalonBay Communities

Essex Property Trust

Mid-America Apartment Communities

This article is the first in a series called "Monopoly Man" in which I plan to highlight most of the major property sectors. Today I will commence the series on "Apartment" REITs.

Monopoly Man Lands On Apartments

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces First Quarter 2021 Earnings Release and Conference Call Dates

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

We had modest expectations from this quality business, but it surpassed them in a hurry.

Independence Realty: Quality Performance From The Apartment REIT

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

Independence Realty Trust Announces First Quarter 2021 Dividend

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and Chief Executive Officer and Jim Sebra, Chief Financial Officer, will be participating in a roundtable presentation at Citi's 2021 Virtual Global Property CEO Conference. The Company plans to publish its updated Investor Presentation in the investor relations section of the IRT website, after market close on Monday, March 8, 2021. When: 7:30 AM EST, Tuesday March

Independence Realty Trust to Present at Citi's 2021 Virtual Global Property CEO Conference

Camden Property

Realty Income Corp

Prologis

STORE Capital

Fundrise is today often compared to REITs, and many individual investors believe that it offers better reward potential. We strongly disagree. While it may be better than other private vehicles, it won't stand a chance against public REITs in the long run.

Fundrise Vs. REITs: Which Is A Better Investment?

Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q4 2020 Results - Earnings Call Transcript

Independence Realty Trust (IRT) delivered FFO and revenue surprises of 4.76% and -1.00%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Independence Realty Trust (IRT) Q4 FFO Top Estimates

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Fourth Quarter and Full Year 2020 Financial Results

Independence Realty Trust Announces Fourth Quarter and Full Year 2020 Financial Results

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Tax Treatment of Dividends in 2020

Independence Realty Trust Announces Tax Treatment of Dividends in 2020

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Fourth Quarter and Full Year 2020 Earnings Release and Conference Call Dates

Independence Realty Trust Announces Fourth Quarter and Full Year 2020 Earnings Release and Conference Call Dates

IRT continues to perform well fundamentally. The dividend is pretty poor among peers.

Independence Realty: Great Business, Not Great Price

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Appoints Lisa Washington to Board of Directors

Independence Realty Trust Appoints Lisa Washington to Board of Directors

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Fourth Quarter 2020 Dividend

Independence Realty Trust Announces Fourth Quarter 2020 Dividend

IRT's portfolio of apartment communities is strategically located in fast-growing Sun Belt and Midwestern states. With mostly Class B apartments in second- and third-tier cities, IRT has avoided the bulk of the pain from COVID-19 felt by other multifamily REITs.

Independence Realty: Financial Management Is Slowly Improving

Independence Realty Trust, Inc. (IRT) CEO Scott Schaeffer on Q3 2020 Results - Earnings Call Transcript

Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0.00% and 3.35%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Independence Realty Trust (IRT) Meets Q3 FFO Estimates

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Third Quarter 2020 Financial Results

Independence Realty Trust Announces Third Quarter 2020 Financial Results

Independence Realty Trust cut its dividends by 33%. The small cap REIT has been jostled around by the market post the pandemic.

Independence Realty Trust: A Good Way To Play Apartments

Apartment Investment and Management

American Homes 4 Rent

Preferred Apartment Communities

Bluerock Residential Growth REIT

Clipper Realty

Equity LifeStyle Properties

Equity Residential

Invitation Homes

NexPoint Residential Trust

Sun Communities

Several housing REITs remain very attractive. Apartment REITs in particular are attractive due to huge discounts to NAV and high market-implied cap rates. ELS reported Q3 2020 normalized FFO at $.55 per share, beating estimates and last year's value by $.02. NAREIT FFO was lower, but we would favor using the normalized value.

Housing REITs Remain Cheap

American Tower

Crown Castle International

Digital Realty Trust

Equinix

Public Storage

SBA Communications

Simon Property Group

Urstadt Biddle Properties

Vanguard Real Estate ETF

Welltower

Weyerhaeuser

Why Small-Cap REITs Have More Upside - Plus 2 To Buy

Blackstone Mortgage Trust

Unique Doesn't Mean Useful

We're still seeing great bargains throughout the apartment REIT subsector.

Loaded Up On Apartments

PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust Announces Third Quarter 2020 Earnings Release and Conference Call Dates

News for Independence Realty Trust Stock (IRT)