secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENCE REALTY TRUST, INC. (IRT)
CIK:        0001466085
Form:       8-K
Filed at:   2024-09-30T23:59:59+00:00
Accession:  0001466085-24-000116
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IRT reports Q2 2024 same-store NOI down 2.1% YoY; core FFO $0.20/share
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- Same-store revenue flat at $168.2M; NOI fell to $99.9M from $102.1M YoY.
- Net income dropped to $4.5M from $22.9M; core FFO declined 12.6% to $45.0M.
- Full-year 2024 same-store NOI guidance: -0.5% at midpoint; occupancy 94.6%.
- Disposed of 7 non-core assets (1,700 units) for $305.6M YTD; repurchased $5.2M stock in Q2.
- Debt at $2.3B; net debt/EBITDAre 6.4x; weighted avg interest rate 4.7%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466085/000146608524000116/0001466085-24-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466085/000146608524000116/irt-20240930.htm
  HTML page:      https://secwatch.observer/filing/0001466085-24-000116

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