Reports Q1 revenue $160.905M, consensus $163.85M. “We are off to a solid start in 2025. CFFO per share for the quarter of $0.27 and same-store NOI growth of 2.7%, driven by a 100 basis point increase in occupancy to 95.4%, were in-line with our expectations,” said Scott Schaeffer, Chairman and CEO of IRT. “We continue to believe we are at the beginning of a multi-year period of improving fundamentals and growth. Given our portfolio’s market concentrations, waning supply pressure, and our strong balance sheet, we expect our portfolio will continue to outperform in 2025, positioning IRT to enter 2026 with solid earnings momentum and growth opportunities.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IRT:
- Independence Realty Trust (IRT) Q1 Earnings Cheat Sheet
- Independence Realty Trust price target raised to $21 from $20 at Barclays
- Independence Realty Trust initiated with a Buy at UBS
- Independence Realty Trust initiated with an Overweight at Wells Fargo
- Independence Realty Trust upgraded to Buy from Hold at Jefferies