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Dec 31, 2022
Independence Realty Trust Q4 2022 Earnings Report
Announced fourth quarter and full year 2022 financial results and introduced full year 2023 guidance.
Key Takeaways
Independence Realty Trust reported a net income of $33.6 million for Q4 2022, compared to $28.6 million for Q4 2021. The company's combined same-store portfolio net operating income (NOI) grew by 13.0%. Core Funds from Operations (CFFO) reached $66.8 million, or $0.29 per share.
Net income available to common shares was $33.6 million.
Earnings per diluted share was $0.15.
Combined same-store portfolio NOI grew by 13.0%.
Core Funds from Operations (CFFO) reached $66.8 million, with CFFO per share at $0.29.
Forward Guidance
Earnings per diluted share is projected to be in the range of $0.23 to $0.27. Core FFO per share is projected to be in the range of $1.12 to $1.16. Combined Same-Store Portfolio Property revenue growth 5.7% to 7.0%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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