Independence Realty Trust (IRT) reported quarterly FFO of $0.29 per share, matching consensus estimates but showing no year-over-year growth. The REIT has underperformed the S&P 500 by 26.5 percentage points this year, declining 15.8% versus the market's 10.7% gain. Despite favorable estimate revisions earning a Zacks Rank #2 (Buy), the company's residential REIT industry ranks in the bottom 35% of sectors.
IRT
Independence Realty Trust Inc.+$0.22 (1.49%) At close $14.94 · Today
☾After Hours +$0.02 (0.13%) Nov 2, 7:59 PM ET
About IRT
Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.
Latest: Independence Realty Trust (IRT) Q3 FFO Meet Estimates (Zacks Investment Research)
From news headlines · Not investment advice
Latest: Independence Realty Trust (IRT) Q3 FFO Meet Estimates (Zacks Investment Research)
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Open board ›$IRT filed an 8-K with results (Item 2.02) at 4:05 PM ET on Mon, Nov 2.
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