IRT Q4 net loss $40.5M; CFFO $0.30/share; 2024 EPS guide $0.42

INDEPENDENCE REALTY TRUST, INC.

2023-FY EPS reported -$0.08 revenue$660,983,000

Q4 net loss available to common shares $40.5M vs net income $33.6M in Q4 2022; loss per diluted share $0.18.
Core FFO (CFFO) $68.7M ($0.30/share), up from $66.8M ($0.29/share) YoY.
Same-store portfolio NOI grew 3.3% in Q4 and 5.7% for full year.
Full year 2023 net loss $17.2M vs net income $117.2M in 2022; CFFO $263.9M ($1.15/share) vs $247.4M ($1.08/share).
2024 guidance: EPS mid-point $0.42, CFFO per share $1.14, same-store NOI growth 2.5%.

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 quarter ended December 31, 2023 results: net income -40.5, EPS -0.18.

Period: quarter ended December 31, 2023
Net income: -40.5
EPS: -0.18
Result: reported results

Exact text from the filing

Net loss available to common shares of $40.5 million for the quarter ended December 31, 2023 compared to net income available to common shares of $33.6 million for the quarter ended December 31, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INDEPENDENCE REALTY TRUST, INC. reported year ended December 31, 2023 results: net income -17.2, EPS -0.08.

Period: year ended December 31, 2023
Net income: -17.2
EPS: -0.08
Result: reported results

Exact text from the filing

Net loss available to common shares of $17.2 million for the year ended December 31, 2023 compared to net income available to common shares of $117.2 million for the year ended December 31, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INDEPENDENCE REALTY TRUST, INC. reported full year 2024 results: EPS 0.42. Guidance initiated.

Period: full year 2024
EPS: 0.42
Guidance: initiated
Result: guidance update

Exact text from the filing

Earnings per diluted share of $0.42 at the mid-point of our guidance range.

View on SEC.gov

Browse all earnings releases →

INDEPENDENCE REALTY TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001466085-24-000017

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.