Independence Realty Trust (IRT) Tops Q2 EPS by 1c

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Go back to Independence Realty Trust (IRT) Tops Q2 EPS by 1c

Independence Realty Trust Announces Second Quarter 2016 Financial Results

August 3, 2016 7:45 AM EDT

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (IRT) (NYSE MKT: IRT) today announced its second quarter 2016 financial results. All per share results are reported on a diluted basis.

Results for the Quarter

Earnings per share (EPS) was $0.61 for the quarter ended June 30, 2016 as compared to $0.01 for the quarter ended June 30, 2015. Core Funds from Operations (CFFO) per share increased 15.8% to $0.22 for the quarter ended June 30, 2016 from $0.19 for the quarter ended June 30, 2015. Earnings before interest, taxes, depreciation and amortization and before acquisition expenses (Adjusted EBITDA), increased 78.1% to $18.7... More