Independence Realty Trust (IRT) Misses Q3 EPS by 1c

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Go back to Independence Realty Trust (IRT) Misses Q3 EPS by 1c

Independence Realty Trust Announces Third Quarter 2020 Financial Results

October 28, 2020 4:05 PM EDT

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

Third Quarter Highlights

Net income available to common shares of $1.1 million for the quarter ended September 30, 2020 compared to $4.9 million for the quarter ended September 30, 2019. Earnings per diluted share of $0.01 for the quarter ended September 30, 2020 compared to $0.05 for the quarter ended September 30, 2019. Same store net operating income (NOI) growth of 0.5% for the quarter ended September 30, 2020 compared to the quarter ended September 30, 2019, supported by average occupancy of 94.0%. Core... More