Independence Realty Trust (IRT) Misses Q1 EPS by 1c
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Independence Realty Trust Announces First Quarter 2017 Financial Results and Closes Refinancing of Existing Line of Credit
May 2, 2017 8:00 AM EDTPHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (IRT) (NYSE MKT: IRT), an internally-managed multi-family apartment REIT, today announced its first quarter 2017 financial results and the refinancing of its existing secured credit facility with a new $300.0 million unsecured credit facility. All per share results are reported on a diluted basis.
Results for the Quarter
Earnings per share (EPS) was $0.06 for the quarter ended March 31, 2017 as compared to $0.00 for the quarter ended March 31, 2016. Core Funds from Operations (CFFO) per share of $0.18 for the quarter ended March 31, 2017 as compared to $0.21 for the quarter ended... More