Independence Realty Trust (IRT) Misses Q3 EPS by 4c

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Go back to Independence Realty Trust (IRT) Misses Q3 EPS by 4c

Independence Realty Trust Announces Third Quarter 2024 Financial Results and ‘BBB’ Investment Grade Rating from S&P

October 30, 2024 4:05 PM EDT

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (IRT) (NYSE: IRT), a multifamily apartment REIT, today announced its third quarter 2024 financial results and that it has received a BBB issuer credit rating and stable outlook from S&P Global Ratings.

Third Quarter Highlights

Net income available to common shares of $12.4 million for the quarter ended September 30, 2024 compared to $3.9 million for the quarter ended September 30, 2023. Earnings per diluted share of $0.05 for the quarter ended September 30, 2024 compared to $0.02 for the quarter ended September 30, 2023. Same-store portfolio net operating income (NOI) growth of 2.2% for the... More