Independence Realty Trust (IRT) Reports Q3 FFO of $0.19

Independence Realty Trust (NYSE: IRT) reported Q3 EPS of $0.19, versus $0.21 reported last year.

IRT is adjusting 2017 full year EPS per diluted share guidance due to additional depreciation and acquisition related costs from the previously announced nine-community portfolio acquisition. EPS per diluted share is projected to be in a range of $0.38 to $0.41, compared to $0.54 to $0.57 previously. CFFO per diluted share is projected to be in the range of $0.73 to $0.76, unchanged from the prior quarter. A reconciliation of IRT's projected net income available to common shares to its projected CFFO per share, a non-GAAP financial measure, is included below. Also included below are the primary assumptions underlying this estimate. See Schedule II to this release for further information regarding how IRT calculates CFFO and Schedule V to this release for management’s definition and rationale for the usefulness of CFFO

For earnings history and earnings-related data on Independence Realty Trust (IRT) click here.

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