earnings
confidence high
sentiment positive
materiality 0.65
IRT Q3 net income $16.2M; CFFO $0.28/share (+33% YoY); same-store NOI +11.5%
INDEPENDENCE REALTY TRUST, INC.
2022-Q3 EPS reported
$0.38
revenue$465,726,000
- Net income available to common shares $16.2M vs $11.5M in Q3 2021; diluted EPS $0.07 vs $0.11 due to share-count increase.
- Core FFO per share $0.28, up from $0.21; Adjusted EBITDA $89.3M vs $31.4M a year ago.
- Combined same-store portfolio NOI grew 11.5% year-over-year.
- Value-add program completed 457 unit renovations at a 22.4% weighted average ROI.