Independence Realty Trust Announces Third Quarter 2018 Financial Results

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Independence Realty Trust (IRT) Tops Q3 EPS by 1c, Revenues Beat; Lowers FY18 EPS Outlook

November 1, 2018 7:49 AM EDT

Independence Realty Trust (NYSE: IRT) reported Q3 EPS of $0.05, $0.01 better than the analyst estimate of $0.04. Revenue for the quarter came in at $48.64 million versus the consensus estimate of $47.81 million.

The third quarter was highlighted by continued momentum in rental rate growth across the portfolio, as well as the ongoing execution of our accretive capital recycling initiative, said Scott Schaeffer, IRTs Chairman and... More