Independence Realty Trust (IRT) Tops Q3 EPS by 1c, Revenues Beat; Lowers FY18 EPS Outlook
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Independence Realty Trust Announces Third Quarter 2018 Financial Results
November 1, 2018 7:00 AM EDTFurther executes on capital recycling initiatives and value add program
Closes $200 million term loan to refinance line of credit borrowings
PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (IRT) (NYSE: IRT), a multifamily apartment REIT, today announced its third quarter 2018 financial results.
Third Quarter Highlights
Since the inception of the value add program, IRT has completed renovations in 847 units, achieving a weighted average return on investment of 18%. Net income allocable to common shares of $4.8 million for the quarter ended... More