Independence Realty Trust Announces Fourth Quarter and Full Year 2018 Financial Results

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Go back to Independence Realty Trust Announces Fourth Quarter and Full Year 2018 Financial Results

Independence Realty Trust (IRT) Tops Q4 EPS by 11c, Revenues Beat; Offers FY19 EPS Views

February 21, 2019 7:15 AM EST

Independence Realty Trust (NYSE: IRT) reported Q4 EPS of $0.16, $0.11 better than the analyst estimate of $0.05. Revenue for the quarter came in at $49.72 million versus the consensus estimate of $48.78 million.

Net income allocable to common shares of $14.6 million for the quarter ended December 31, 2018 as compared to $6.3 million for the quarter ended December 31, 2017.Earnings per diluted share of $0.16 for the quarter ended December 31, 2018 as compared to $0.08 for the quarter ended December 31, 2017.Core Funds from Operations (CFFO) of $16.6 million for the quarter ended December 31, 2018 as compared to $15.3 million for the quarter ended December 31,... More