Independence Realty Trust (IRT) Reports In-Line Q1 EPS
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Independence Realty Trust Announces First Quarter 2016 Financial Results
May 4, 2016 8:01 AM EDTPHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (IRT) (NYSE MKT: IRT) today announced its first quarter 2016 financial results. All per share results are reported on a diluted basis.
Results for the Quarter
Core Funds from Operations (CFFO) per share increased 11% to $0.21 for the quarter ended March 31, 2016 from $0.19 for the quarter ended March 31, 2015. Earnings per share (EPS) was $(0.00) for the quarter ended March 31, 2016 as compared to $(0.01) for the quarter ended March 31, 2015. Earnings before interest, taxes, depreciation and amortization and before acquisition expenses (Adjusted EBITDA), increased 90.9% to $18.9 million... More