earnings
confidence high
sentiment positive
materiality 0.65
IRT Q2 EPS flat at $0.05, same-store NOI +2.8%, raises full-year guidance midpoint
INDEPENDENCE REALTY TRUST, INC.
2024-Q2 EPS reported
$0.12
revenue$318,937,000
- Q2 net income $10.4M, EPS $0.05 (flat YoY); Core FFO $63.6M ($0.28/share).
- Same-store NOI growth 2.8% YoY; Adjusted EBITDA $83.6M (down from $89.2M).
- Raised midpoint of full-year 2024 same-store NOI, EPS, and Core FFO guidance.
- Value-add program completed 378 units in Q2 with 15.7% weighted avg ROI.