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Mar 31, 2020
Independence Realty Trust Q1 2020 Earnings Report
Announced first quarter 2020 financial results, showing a net loss but strong same-store NOI growth.
Key Takeaways
Independence Realty Trust reported a net loss allocable to common shares of $0.4 million, with earnings per diluted share of $0.00. However, the company demonstrated strong performance with same-store NOI growth of 7.0%.
Net loss allocable to common shares was $0.4 million.
Earnings per diluted share was $0.00.
Same store net operating income grew by 7.0%.
Core Funds from Operations (CFFO) was $17.6 million, or $0.19 per share.
Forward Guidance
IRT suspended its fiscal 2020 guidance, given the uncertainty around the length and depth of the coronavirus crisis and its impact on the economy.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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