Independence Realty Trust (IRT) Reports Q3 FFO of $0.19

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Go back to Independence Realty Trust (IRT) Reports Q3 FFO of $0.19

Independence Realty Trust Announces Third Quarter 2017 Financial Results

October 31, 2017 7:30 AM EDT

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (IRT) (NYSE: IRT), a multi-family apartment REIT, today announced its third quarter 2017 financial results.

Results for the Quarter

Net income available to common shareholders was $1.1 million for the quarter ended September 30, 2017 as compared to $2.3 million for the quarter ended September 30, 2016. Core Funds from Operations (CFFO) per share of $0.19 for the quarter ended September 30, 2017 as compared to $0.21 for the quarter ended September 30, 2016. Adjusted EBITDA of $20.2 million for the quarter ended September 30, 2017 as compared to $18.4 million for the quarter ended September 30,... More