Independence Realty Trust (IRT) Reports In-Line Q3 FFO

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Go back to Independence Realty Trust (IRT) Reports In-Line Q3 FFO

Independence Realty Trust Announces Third Quarter 2015 Financial Results and Provides Quarterly Supplemental Information

October 30, 2015 7:30 AM EDT

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (IRT) (NYSE MKT: IRT) today announced its third quarter 2015 financial results. All per share results are reported on a diluted basis.

Results for the Quarter

Core Funds from Operations (CFFO) per share increased 18% to $0.20 for the quarter ended September 30, 2015 from $0.17 for the quarter ended September 30, 2014. Earnings per share (EPS) was $0.68 for the quarter ended September 30, 2015 as compared to $0.00 for the quarter ended September 30, 2014. Earnings before interest, taxes, depreciation and amortization and before acquisition expenses (Adjusted EBITDA), increased 89% to $11.7 million... More