IRT closes public offering of 11.5M shares at $19.75 via forward sale agreements

INDEPENDENCE REALTY TRUST, INC.

11,500,000 shares sold at $19.75 per share, including full exercise of the underwriters' 1.5M share option.
Forward sale agreements with Citigroup; IRT will not receive initial proceeds; settlement expected by Sept 5, 2025.
Net proceeds (upon settlement) to fund acquisitions, investments, or reduce borrowings under the unsecured credit facility.
Underwriters include Citigroup, KeyBanc, RBC, BofA Securities, Barclays, BMO, Baird, and others.

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