Independence Realty Trust (IRT) Tops Q4 EPS by 11c, Revenues Beat; Offers FY19 EPS Views
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Independence Realty Trust Announces Fourth Quarter and Full Year 2018 Financial Results
February 21, 2019 7:00 AM ESTIntroduces 2019 Full Year Guidance Metrics
PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (IRT) (NYSE: IRT), a multifamily apartment REIT, today announced its fourth quarter and full year 2018 financial results.
Fourth Quarter Highlights
Net income allocable to common shares of $14.6 million for the quarter ended December 31, 2018 as compared to $6.3 million for the quarter ended December 31, 2017. Earnings per diluted share of $0.16 for the quarter ended December 31, 2018 as compared to $0.08 for the quarter ended December 31, 2017. Core Funds from Operations (CFFO)... More