---
schema_version: "secwatch.filing_event.v1"
accession: "0001466085-24-000051"
form_type: "8-K"
ticker: "IRT"
cik: "0001466085"
company_name: "INDEPENDENCE REALTY TRUST, INC."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:31:08.246572+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001466085-24-000051
- form_type: 8-K
- ticker: IRT
- cik: 0001466085
- company_name: INDEPENDENCE REALTY TRUST, INC.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1466085/000146608524000051/0001466085-24-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466085/000146608524000051/irt-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466085-24-000051
- JSON: https://secwatch.observer/filing/0001466085-24-000051.json
- Plain text: https://secwatch.observer/filing/0001466085-24-000051.txt

## Key facts
- Earnings Releases
  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
  source text: On April 24, 2024, we issued a press release announcing our financial results for the three months ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466085/000146608524000051/0001466085-24-000051-index.htm

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