The earnings call reflected a generally stable performance with improvement in occupancy and revenue growth supported by successful renovations and market recovery in some areas. However, challenges in certain markets with high supply and a notable impairment in Denver highlighted ongoing pressures. The balance of highlights and lowlights suggests cautious optimism moving forward.

Company Guidance

The call provided detailed guidance on the financial and operational aspects for Independence Realty Trust's third quarter of 2025. The company reported a stable average occupancy rate of 95.6%, a slight improvement of 20 basis points from the previous quarter, supported by a resident retention rate of 60.4%. Same-store revenue increased, driven by higher average rents and an improvement in bad debt, which was reduced to less than 1% of same-store revenues. Value-add renovations contributed to revenue growth, with 788 units renovated, achieving an average monthly rent increase of approximately $250, equating to a 15% return on investment. Same-store operating expenses decreased, primarily due to lower property insurance and turnover costs. The company acquired two communities in Orlando for $155 million, doubling its number of apartment units in the area. Despite competitive market dynamics, signs of recovery are emerging in several markets, with occupancy and asking rents increasing in key areas like Atlanta. The company's full-year 2025 guidance remains largely unchanged, with a narrowed core FFO per share guidance range maintaining a midpoint of $1.175.

Stable Occupancy and Revenue Growth

The average occupancy for the third quarter of 2025 remained stable at 95.6%, a 20 basis point improvement from the previous quarter. Same-store revenue increased, driven by higher average rents per unit and improved bad debt performance.

Successful Value-Add Renovations

Completed 788 unit renovations in the quarter, achieving an average monthly rent increase of approximately $250 over unrenovated market comps, resulting in a weighted average return on investment of 15%.

Positive Market Dynamics

Signs of market recovery in several markets, notably Atlanta, with occupancy increasing by 60 basis points since January 1, and asking rents up 5% this year.

Improved Bad Debt Management

Bad debt was reduced to 93 basis points of same-store revenue, a 76 basis point improvement over the previous year, with overall charge-offs down 40 basis points compared to Q3 2024.

New Acquisitions in Orlando

Acquired 2 communities in Orlando for $155 million, doubling the number of apartment units in the area and improving market presence.

Independence Realty (IRT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

IRT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 18, 2026	2025 (Q4)	0.10 / -	0	―	―	―
Oct 30, 2025	2025 (Q3)	0.08 / 0.03	0.05	-40.00% (-0.02)	―
Jul 31, 2025	2025 (Q2)	0.04 / 0.03	0.05	-40.00% (-0.02)	―
Apr 30, 2025	2025 (Q1)	0.04 / 0.04	0.08	-50.00% (-0.04)	―
Feb 12, 2025	2024 (Q4)	0.06 / 0.00	-0.18	―	―
Oct 30, 2024	2024 (Q3)	0.09 / 0.05	0.02	150.00% (+0.03)	―
Jul 31, 2024	2024 (Q2)	0.06 / 0.05	0.05	0.00% (0.00)	―
Apr 24, 2024	2024 (Q1)	0.08 / 0.08	0.04	100.00% (+0.04)	―
Feb 14, 2024	2023 (Q4)	0.07 / -0.18	0.15	-220.00% (-0.33)	―
Oct 30, 2023	2023 (Q3)	0.07 / 0.02	0.07	-71.43% (-0.05)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

IRT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2025	$15.77	$15.93	+1.01%
Jul 31, 2025	$16.60	$16.58	-0.12%
Apr 30, 2025	$19.04	$18.78	-1.37%
Feb 12, 2025	$19.52	$19.96	+2.25%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Independence Realty (IRT) report earnings?

Independence Realty (IRT) is schdueled to report earning on Feb 18, 2026, Before Open (Confirmed).

What is Independence Realty (IRT) earnings time?

Independence Realty (IRT) earnings time is at Feb 18, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is IRT EPS forecast?

IRT EPS forecast for the fiscal quarter 2025 (Q4) is 0.1.

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