earnings
confidence high
sentiment positive
materiality 0.70
IRT Q4 CFFO $0.32, FY net income $39.3M; guides 2025 CFFO $1.16-$1.19
INDEPENDENCE REALTY TRUST, INC.
2024-FY EPS reported
$0.17
revenue$640,035,000
- Q4 net loss $1.0M vs loss $40.5M YoY; full-year net income $39.3M vs loss $17.2M.
- CFFO per share Q4 $0.32, FY $1.16; same-store NOI grew 5.3% Q4, 3.2% FY.
- Net debt/Adjusted EBITDA improved to 5.9x; achieved BBB rating from S&P; credit facility expanded to $750M.
- FY 2025 guidance: EPS $0.19-$0.22, CFFO $1.16-$1.19, same-store NOI growth 0.8%-3.3%.
- Value-add program: 1,671 units renovated in 2024 at 15.7% average ROI.