Independence Realty Trust (IRT) Misses Q1 EPS by 11c

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Go back to Independence Realty Trust (IRT) Misses Q1 EPS by 11c

Independence Realty Trust Announces First Quarter 2022 Financial Results

May 3, 2022 4:05 PM EDT

Raises Full Year 2022 Guidance

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (IRT) (NYSE: IRT), a multifamily apartment REIT, today announced its first quarter 2022 financial results.

First Quarter Highlights

Net income available to common shares of $74.6 million for the quarter ended March 31, 2022 compared to $1.1 million for the quarter ended March 31, 2021. Earnings per diluted share of $0.34 for the quarter ended March 31, 2022 compared to $0.01 for the quarter ended March 31, 2021. Combined same-store net operating income (NOI) growth of 16.2% for the quarter... More