Independence Realty Trust (IRT) Misses Q1 EPS by 1c

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Go back to Independence Realty Trust (IRT) Misses Q1 EPS by 1c

Independence Realty Trust Announces First Quarter 2017 Financial Results and Closes Refinancing of Existing Line of Credit

May 2, 2017 8:00 AM EDT

PHILADELPHIA--(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