IRT reports Q4 2022 net income $33.6M, EPS $0.15; 2023 guidance EPS $0.25 midpoint

INDEPENDENCE REALTY TRUST, INC.

2022-FY EPS reported $0.53 revenue$628,525,000

Q4 2022 EPS $0.15 (diluted) vs $0.23 prior year; full-year EPS $0.53 vs $0.41.
CFFO per share $0.29 in Q4, $1.08 for FY 2022 (vs $0.24 and $0.84 respectively).
Same-store NOI growth 13.0% in Q4, 13.7% for full year; 2023 guidance 6.5%.
Value-add renovation ROI 20.5% in Q4 (656 units), 24.1% for FY (1,451 units).
2023 guidance: CFFO per share $1.14 midpoint; EPS $0.25 midpoint.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INDEPENDENCE REALTY TRUST, INC. reported the year ended December 31, 2022 results: net income Net income available to common shares of $117.2 million for the year ended December 31, 2022, EPS Earnings per diluted share of $0.53 for the year ended December 31, 2022. Guidance initiated.

Period: the year ended December 31, 2022
Net income: Net income available to common shares of $117.2 million for the year ended December 31, 2022
EPS: Earnings per diluted share of $0.53 for the year ended December 31, 2022
Guidance: initiated
Result: reported results

Exact text from the filing

On February 15, 2023, IRT issued a press release regarding its earnings for the three and twelve months ended December 31, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INDEPENDENCE REALTY TRUST, INC. reported the quarter ended December 31, 2022 results: net income Net income available to common shares of $33.6 million for the quarter ended December 31, 2022, EPS Earnings per diluted share of $0.15 for the quarter ended December 31, 2022. Guidance initiated.

Period: the quarter ended December 31, 2022
Net income: Net income available to common shares of $33.6 million for the quarter ended December 31, 2022
EPS: Earnings per diluted share of $0.15 for the quarter ended December 31, 2022
Guidance: initiated
Result: reported results

Exact text from the filing

On February 15, 2023, IRT issued a press release regarding its earnings for the three and twelve months ended December 31, 2022.

View on SEC.gov

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INDEPENDENCE REALTY TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001466085-23-000020

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