Independence Realty Trust (IRT) Misses Q1 FFO by 1c/Share

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Go back to Independence Realty Trust (IRT) Misses Q1 FFO by 1c/Share

Independence Realty Trust Announces First Quarter 2015 Financial Results

May 1, 2015 8:00 AM EDT

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (IRT) (NYSE MKT: IRT) today announced its first quarter 2015 financial results.

Highlights

Core funds from operations (CFFO) increased 127% to $5.9 million for the quarter ended March 31, 2015 from $2.6 million for the quarter ended March 31, 2014. CFFO per share increased 12% to $0.19 for the quarter ended March 31, 2015 from $0.17 for the quarter ended March 31, 2014. Total revenues grew 168% to $21.7 million for the quarter ended March 31, 2015 from $8.1 million for the quarter ended March 31, 2014. Operating income increased 192% to $3.8 million for the quarter ended March... More