Independence Realty Trust (IRT) Reports Q2 FFO of $0.17

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Go back to Independence Realty Trust (IRT) Reports Q2 FFO of $0.17

Independence Realty Trust Announces Second Quarter 2020 Financial Results

July 29, 2020 4:15 PM EDT

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (IRT) (NYSE: IRT), a multifamily apartment REIT, today announced its second quarter 2020 financial results.

Second Quarter Highlights

Net income available to common shares of $0.8 million for the quarter ended June 30, 2020 compared to $14.7 million for the quarter ended June 30, 2019. Earnings per diluted share of $0.01 for the quarter ended June 30, 2020 compared to $0.16 for the quarter ended June 30, 2019. Same store net operating income (NOI) growth of 1.2% for the quarter ended June 30, 2020 compared to the quarter ended June 30, 2019. Core Funds from Operations (CFFO)... More