Welcome to our dedicated page for Independence news (Ticker: IRT), a resource for investors and traders seeking the latest updates and insights on Independence stock.
Independence Realty Trust Inc (NYSE: IRT) operates as a multifamily REIT specializing in amenity-rich apartment communities across non-gateway U.S. markets. This page aggregates official news and press releases to help stakeholders track the company's strategic initiatives, property portfolio changes, and market positioning.
Investors and analysts will find timely updates on earnings reports, property acquisitions, and operational milestones, along with insights into IRT's focus on suburban markets with strong school districts and employment hubs. The curated collection serves as a centralized resource for monitoring the REIT's performance in less saturated markets like Atlanta, Memphis, and Raleigh.
Content spans quarterly financial disclosures, management updates, and strategic partnerships. Regular visitors can efficiently track IRT's progress in enhancing property values through targeted improvements while maintaining occupancy stability in its communities.
Bookmark this page for streamlined access to verified IRT developments. Combine these updates with broader market analysis to inform your understanding of multifamily REIT opportunities in secondary U.S. markets.
Independence Realty Trust (NYSE: IRT) declared a quarterly dividend of $0.12 per share, payable on July 23, 2021, to stockholders of record by the close of business on July 2, 2021. The company focuses on operating multifamily apartment properties in non-gateway U.S. markets such as Atlanta and Dallas, aiming to provide attractive risk-adjusted returns through effective portfolio management and strong operational performance. IRT's strategy emphasizes gaining scale in amenity-rich submarkets to enhance stockholder value.
Independence Realty Trust (NYSE: IRT) will present at Nareit’s REITweek 2021 Virtual Investor Conference from June 8-10. Key executives, including Chairman and CEO Scott Schaeffer and CFO Jim Sebra, will participate. A management presentation is scheduled for June 9 at 8 AM EDT, accessible to qualified investors through complimentary registration on Nareit’s website. IRT focuses on multifamily apartment properties in non-gateway U.S. markets, aiming for attractive risk-adjusted returns through strategic portfolio management.
Independence Realty Trust (NYSE: IRT) announced the closing of a new 5-year $200 million term loan, aimed at repaying outstanding amounts on its unsecured revolving credit facility. The loan will mature in May 2026 and carries an interest rate of LIBOR plus 1.25% at closing. CFO James J. Sebra stated the loan enhances capital structure and financial flexibility for operational and investment strategies. KeyBank is the Administrative Agent, with other major banks acting as Joint Lead Arrangers.
Independence Realty Trust (IRT) reported a strong first quarter for 2021, showing net income of $1.1 million, a notable improvement from a net loss of $0.4 million in Q1 2020. Earnings per diluted share reached $0.01, up from $0.00 year-over-year. Same store net operating income (NOI) grew by 5.3%, while core funds from operations (CFFO) increased to $18.0 million from $14.6 million. Rental collection rates remained high, at 98.4%. Management raised guidance for 2021, citing strong occupancy and rental rate growth.
Independence Realty Trust (NYSE: IRT) plans to release its first quarter 2021 financial results on April 28, 2021, after market close. The results will be followed by a quarterly conference call on April 29, 2021, at 9:00 a.m. Eastern Time. Investors can access the live call via the IRT website or by phone. IRT operates multifamily apartment properties in non-gateway U.S. markets like Atlanta and Dallas, focusing on scale within key amenity-rich submarkets to provide attractive risk-adjusted returns.
Independence Realty Trust (NYSE: IRT) has declared a quarterly dividend of $0.12 per share, payable on April 23, 2021, to stockholders on record by the close of business on April 2, 2021. The company focuses on owning and operating multifamily properties in non-gateway U.S. markets including Atlanta, Dallas, and Tampa. IRT aims to deliver attractive risk-adjusted returns through effective portfolio management and operational performance, promoting both capital appreciation and consistent shareholder distributions.
Independence Realty Trust (NYSE: IRT) announces participation in Citi’s 2021 Virtual Global Property CEO Conference by CEO Scott Schaeffer and CFO Jim Sebra. An updated Investor Presentation will be released in the IRT investor relations section after market close on March 8, 2021. The roundtable is scheduled for 7:30 AM EST on March 9, 2021, with a live webcast available online. IRT focuses on multifamily apartment properties in non-gateway U.S. markets, aiming for attractive risk-adjusted returns and operational excellence.
Independence Realty Trust (IRT) reported Q4 2020 net income of $13.3 million, down from $23.8 million in Q4 2019, with earnings per share of $0.14 compared to $0.26. The quarter included $9.4 million in real estate gains, a decline from $20.7 million year-over-year. Full-year net income was $14.8 million, significantly lower than $45.9 million in 2019. Despite the downturn, same store NOI grew 4.4% in Q4 and 3.1% for the year. IRT projects 2021 EPS of $0.04-$0.08 and CFFO per share of $0.78-$0.82, indicating cautious optimism amidst pandemic challenges.
Independence Realty Trust (IRT) has released tax information regarding its 2020 dividend distributions. Notably, IRT will report a dividend distribution of $0.1800 per share on payments made after December 26, 2019, with a payment date of January 24, 2020. Subsequent dividends include $0.1200 per share for payments made on July 2, 2020, and October 2, 2020, with payment dates on July 24 and October 23, respectively. IRT advises shareholders to consult tax advisors regarding the implications of these distributions for tax purposes.
Independence Realty Trust (NYSE: IRT) will release its fourth quarter and full year 2020 financial results after market close on February 10, 2021. The results will be discussed in a conference call on February 11, 2021, at 9:00 a.m. Eastern Time. Investors can access the call via the investor relations section on the IRT website.
IRT focuses on multifamily apartment properties in non-gateway U.S. markets, aiming to provide attractive risk-adjusted returns through effective portfolio management and strong operational performance.
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