earnings
confidence high
sentiment neutral
materiality 0.60
IRT Q1 2026 EPS $0.00, CFFO $0.26/sh, same-store NOI +1.0%, guidance affirmed
INDEPENDENCE REALTY TRUST, INC.
2026-Q1 EPS
reported $0.00
vs consensus $0.03
▼ miss
(-100.0%)
- Q1 net loss available to common shares of $0.1M vs net income of $8.4M in prior year; EPS $0.00 vs $0.04.
- Core FFO $63.5M ($0.26/sh) vs $64.2M ($0.27/sh); adjusted EBITDA $86.4M vs $85.7M.
- Same-store NOI grew 1.0%; rental revenue +1.4%, property opex +2.0%; retention rate 60.5%.
- Completed 426 value-add renovations with avg ROI of 15.4%; repurchased 1.8M shares for $29.9M.
- Refinanced $350M unsecured term loan; no debt maturities until 2028; FY 2026 Core FFO guidance reaffirmed.