Independence Realty Trust, Inc. (NYSE:IRT) will hold its Q4 2024 Earnings Conference Call on February 13, 2025, at 9:00 AM ET. The call will feature company representatives including Maddy Zimba, Scott Schaeffer, Jim Sebra, and Janice Richards, along with participants from various financial institutions. The operator will mute all lines to minimize background noise during the call.
Independence Realty Trust (IRT) reported quarterly funds from operations (FFO) of $0.32 per share, matching the Zacks Consensus Estimate. This is an increase from the FFO of $0.30 per share from the same period last year.
Independence Realty Trust (IRT) reported quarterly funds from operations (FFO) of $0.29 per share, matching the Zacks Consensus Estimate. This is a slight decrease from the FFO of $0.30 per share from the same period last year.
The strong selling pressure on Independence Realty Trust (IRT) may have come to an end, as it is currently considered oversold. Furthermore, many Wall Street analysts are raising their earnings estimates, suggesting that the stock could be ready for a change in direction.
Independence Realty Trust (IRT) could see an increase in value due to rising confidence in its earnings potential, as shown by its upgrade to a Zacks Rank #2 (Buy).
Independence Realty Trust, Inc (NYSE:IRT) will hold its Q2 2024 results conference call on August 1, 2024, at 9:00 AM ET. The call will feature company representatives including Maddy Zimba, Scott Schaeffer, Mike Daley, James Sebra, and Janice Richards. Various analysts from firms like Citi, RBC Capital Markets, and Deutsche Bank will also participate in the call.
Independence Realty Trust (IRT) reported quarterly funds from operations (FFO) of $0.28 per share, matching the Zacks Consensus Estimate. This is the same as the FFO of $0.28 per share from the previous year.
Independence Realty Trust is one of the few REITs that has seen a positive return in 2024. Net debt makes up only 38% of its enterprise value, and the company has almost finished its non-core disposal program. Thanks to hedging, the weighted average cost of debt is just 4.2%, with minimal maturities until 2028.
Independence Realty Trust has outperformed competitors and the Vanguard Real Estate ETF in terms of total return which makes it a strong contender. The recent earnings report showed mixed financial performance, with a decrease in net income but increased revenue, NOI, and portfolio occupancy. IRT is implementing a portfolio optimization and debt reduction strategy, selling properties and reducing debt to improve financials.
Independence Realty Trust (IRT) came out with quarterly funds from operations (FFO) of $0.30 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.29 per share a year ago.