Independence Realty Trust Announces Fourth Quarter and Fiscal 2015 Financial Results
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Compass Point Reiterates Buy Despite Independence Realty Trust's (IRT) Slight AFFO Miss
February 22, 2016 6:46 AM ESTCompass Point maintained a Buy rating on Independence Realty Trust (NYSE: IRT), and cut the price target to $10.50 (from $11.00), following the company's 4Q earnings report. IRT reported AFFO of $0.18 per share, slightly missing consensus by $0.01. The miss was due to higher than expected capital expenditures during the quarter. However, despite the AFFO miss, IRT still covered the dividend for the first... More
Independence Realty Trust (IRT) Tops Q4 FFO by 1c/Share
February 18, 2016 8:51 AM ESTIndependence Realty Trust (NYSE: IRT) reported Q4 core FFO of $0.22, $0.01 better than the analyst estimate of $0.21. Revenue for the quarter came in at $39.71 million versus the consensus estimate of $39.93 million.
GUIDANCE:
Independence Realty Trust sees FY2016 FFO of $0.82 - $0.88, versus... More
