Independence Realty Trust (IRT) Reports In-Line Q2 CFFO

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Go back to Independence Realty Trust (IRT) Reports In-Line Q2 CFFO

Independence Realty Trust Announces Second Quarter 2015 Financial Results

July 29, 2015 8:00 AM EDT

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

Highlights

Core funds from operations (CFFO) increased 85% to $6.3 million for the quarter ended June 30, 2015 from $3.4 million for the quarter ended June 30, 2014. CFFO per share was $0.19 for the quarter ended June 30, 2015 as compared to $0.19 for the quarter ended June 30, 2014. Investments in real estate, at cost, increased 98% to $716.6 million at June 30, 2015 from $362.3 million at June 30, 2014. Number of units owned increased 70% to 9,055 at June 30, 2015 from 5,342 at June 30, 2014.... More