secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENCE REALTY TRUST, INC. (IRT)
CIK:        0001466085
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001466085-23-000063
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466085/000146608523000063/0001466085-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466085/000146608523000063/irt-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001466085-23-000063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer