Independence Realty Trust (IRT) Tops Q4 EPS by 11c

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Go back to Independence Realty Trust (IRT) Tops Q4 EPS by 11c

Independence Realty Trust Announces Fourth Quarter and Full Year 2020 Financial Results

February 10, 2021 4:05 PM EST

Introduces Full Year 2021 Guidance

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

Fourth Quarter Highlights

Net income available to common shares of $13.3 million for the quarter ended December 31, 2020 compared to $23.8 million for the quarter ended December 31, 2019. Earnings per diluted share of $0.14 for the quarter ended December 31, 2020 compared to $0.26 for the quarter ended December 31, 2019. The quarter ended December 31, 2020 included $9.4 million of gains on sale of real estate... More