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Dec 31, 2020
Independence Realty Trust Q4 2020 Earnings Report
Announced fourth quarter and full year 2020 financial results and introduced full year 2021 guidance.
Key Takeaways
Independence Realty Trust reported a net income available to common shares of $13.3 million for Q4 2020, with Core Funds from Operations (CFFO) at $20.8 million, or $0.22 per share, and Adjusted EBITDA of $28.5 million.
Net income available to common shares was $13.3 million.
Same store net operating income (NOI) grew by 4.4%.
Core Funds from Operations (CFFO) reached $20.8 million, with CFFO per share at $0.22.
Adjusted EBITDA amounted to $28.5 million.
Forward Guidance
IRT introduced 2021 full year guidance with EPS per diluted share projected to be in the range of $0.04 to $0.08 and CFFO per share allocated to common shareholders projected to be in the range of $0.78 to $0.82.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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