INDEPENDENCE REALTY TRUST, INC. (IRT): debt financing — IRT reports FY2025 EPS $0.24, CFFO $1.17; new $350M term loan refinances 2026 maturities

INDEPENDENCE REALTY TRUST, INC.

2025-FY EPS reported $0.24 vs consensus $0.10 ▲ beat (+150.0%)

FY2025 net income $56.6M, EPS $0.24; CFFO $279.8M ($1.17/share) vs. $1.16 in 2024.
Same-store NOI growth 2.4% for FY2025; Q4 NOI growth 1.8%, occupancy 95.6%.
New $350M unsecured term loan maturing 2030; aggregate revolver/term facility capacity increased to $1.5B.
FY2026 guidance: EPS $0.21-$0.28, CFFO $1.12-$1.16, same-store NOI (0.6%) to 2.2%.
Net debt to adjusted EBITDA 5.7x; repurchased 1.9M shares for $30.0M in 2025.

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Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

INDEPENDENCE REALTY TRUST, INC. incurred term loan of $350.0 million with KeyBank National Association at SOFR rate plus a margin of 80 to 160 basis points maturing February 11, 2030.

Instrument: term loan
Principal: $350.0 million
Counterparty: KeyBank National Association
Rate: SOFR rate plus a margin of 80 to 160 basis points
Maturity: February 11, 2030
Event: incurrence

Exact text from the filing

The Restated Credit Agreement provides for a new $350.0 million term loan with a maturity date of February 11, 2030 (the "2030 Term Loan"), subject to a one-year extension option.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

INDEPENDENCE REALTY TRUST, INC. amended Sixth Amended and Restated Credit Agreement with KeyBank National Association and other lenders valued at $1.5 billion (effective 2026-02-11).

Action: amendment
Agreement: credit facility
Counterparty: KeyBank National Association and other lenders
Value: $1.5 billion
Effective: 2026-02-11

Exact text from the filing

On February 11, 2026, Independence Realty Operating Partnership, LP (“IROP”) the limited partnership through which Independence Realty Trust, Inc. (“IRT”) owns its assets and conducts its operations, entered into a Sixth Amended and Restated Credit Agreement (the “Restated Credit Agreement”) dated as of February 11, 2026, by and among IROP, as borrower, IRT as parent guarantor, KeyBank National Association (“KeyBank”), as administrative agent, and the other agents and lender parties thereto.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

INDEPENDENCE REALTY TRUST, INC. terminated Fifth Amended and Restated Credit Agreement with KeyBank National Association and other lenders (effective 2026-02-11).

Action: termination
Agreement: credit facility
Counterparty: KeyBank National Association and other lenders
Effective: 2026-02-11

Exact text from the filing

Upon the effectiveness of the Sixth Restated Credit Agreement, the Fifth Restated Credit Agreement was subsumed within, and is now governed by, the Sixth Restated Credit Agreement.

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INDEPENDENCE REALTY TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001437749-26-003792

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