Independence Realty Trust (IRT) Misses Q1 EPS by 1c

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Independence Realty Trust Announces First Quarter 2021 Financial Results

April 28, 2021 4:05 PM EDT

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (IRT) (NYSE: IRT), a multifamily apartment REIT, today announced its first quarter 2021 financial results.

First Quarter Highlights

Net income available to common shares of $1.1 million for the quarter ended March 31, 2021 compared to a net loss of $0.4 million for the quarter ended March 31, 2020. Earnings per diluted share of $0.01 for the quarter ended March 31, 2021 compared to $0.00 for the quarter ended March 31, 2020. Same store net operating income (NOI) growth of 5.3% for the quarter ended March 31, 2021 compared to... More