Independence Realty Trust (IRT) Tops Q4 EPS by 9c

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Independence Realty Trust Announces Fourth Quarter and Full Year 2022 Financial Results

February 15, 2023 4:05 PM EST

Introduces Full Year 2023 Guidance

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (IRT) (NYSE: IRT), a multifamily apartment REIT, today announced its fourth quarter and full year 2022 financial results and introduced its full year 2023 guidance.

Fourth Quarter Highlights

Net income available to common shares of $33.6 million for the quarter ended December 31, 2022 compared to $28.6 million for the quarter ended December 31, 2021. Earnings per diluted share of $0.15 for the quarter ended December 31, 2022 compared to $0.23 for the quarter ended December 31, 2021. Combined same-store portfolio net operating income (NOI) growth of 13.0%... More