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Jun 30, 2020
Independence Realty Trust Q2 2020 Earnings Report
Announced second quarter 2020 financial results.
Key Takeaways
Independence Realty Trust reported a net income of $0.8 million, with diluted earnings per share of $0.01. Core Funds from Operations (CFFO) was $18.0 million, with CFFO per share at $0.19. The company's same-store net operating income (NOI) grew by 1.2%.
Net income available to common shares was $0.8 million.
Earnings per diluted share of $0.01.
Same store net operating income (NOI) growth of 1.2%.
Core Funds from Operations (CFFO) of $18.0 million.
Forward Guidance
IRT suspended its fiscal year 2020 guidance due to the uncertainty surrounding the coronavirus crisis and its impact on the business and the economy. They anticipate resuming guidance when there is more clarity on economic conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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