IRT Q1 net income doubles to $17.6M; same-store NOI up 2.4%

INDEPENDENCE REALTY TRUST, INC.

2024-Q1 EPS reported $0.08 revenue$160,534,000

Net income available to common shares $17.6M ($0.08 diluted EPS) vs $8.6M ($0.04) YoY.
Same-store portfolio NOI grew 2.4% in Q1 2024 vs Q1 2023.
Disposed nine properties for $496.8M; repaid $488.9M debt, boosting liquidity to $412M.
Core FFO $61.5M ($0.27/share) vs $62.5M ($0.27) YoY; Adjusted EBITDA $84.7M vs $87.6M.
Value-add program completed 320 units at 18.0% weighted average ROI during Q1.

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 quarter ended March 31, 2024 results: net income $17.6 million, EPS $0.08.

Period: the quarter ended March 31, 2024
Net income: $17.6 million
EPS: $0.08
Result: reported results

Exact text from the filing

On April 24, 2024, we issued a press release announcing our financial results for the three months ended March 31, 2024.

View on SEC.gov

1436 earnings releases filed in the last 30 days. Browse all earnings releases →

INDEPENDENCE REALTY TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001466085-24-000051

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.