secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENCE REALTY TRUST, INC. (IRT)
CIK:        0001466085
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001466085-24-000051
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466085/000146608524000051/0001466085-24-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466085/000146608524000051/irt-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001466085-24-000051

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