---
schema_version: "secwatch.filing_event.v1"
accession: "0001466085-23-000063"
form_type: "8-K"
ticker: "IRT"
cik: "0001466085"
company_name: "INDEPENDENCE REALTY TRUST, INC."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T12:32:38.725557+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IRT reports Q1 net income $8.6M, down 88% YoY; same-store NOI up 8.2%

## Summary
- Net income available to common shares $8.6M ($0.04 diluted EPS) vs $74.6M ($0.34) YoY.
- Same-store portfolio NOI growth of 8.2% year-over-year.
- Core FFO of $62.5M ($0.27 per share) vs $57.7M ($0.25) in Q1 2022.
- Adjusted EBITDA $87.6M, up from $81.4M in prior year quarter.
- Value add program completed 635 unit renovations with 17.8% weighted average ROI.

## SEC filing metadata
- accession: 0001466085-23-000063
- form_type: 8-K
- ticker: IRT
- cik: 0001466085
- company_name: INDEPENDENCE REALTY TRUST, INC.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1466085/000146608523000063/0001466085-23-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466085/000146608523000063/irt-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466085-23-000063
- JSON: https://secwatch.observer/filing/0001466085-23-000063.json
- Plain text: https://secwatch.observer/filing/0001466085-23-000063.txt

## Key facts
- Earnings Releases
  INDEPENDENCE REALTY TRUST, INC. reported three months ended March 31, 2023 results: net income $8.6 million, EPS $0.04.
  - Period: three months ended March 31, 2023
  - Net income: $8.6 million
  - EPS: $0.04
  - Result: reported results
  source text: First Quarter Highlights • Net income available to common shares of $8.6 million for the quarter ended March 31, 2023 compared to $74.6 million for the quarter ended March 31, 2022. • Earnings per diluted share of $0.04 for the quarter ended March 31, 2023 compared to $0.34 for the quarter ended March 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466085/000146608523000063/0001466085-23-000063-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.