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Independence Realty Trust reported a net loss of $40.5 million for Q4 2023, compared to a net income of $33.6 million in Q4 2022. Same-store NOI increased by 3.3%.
Net loss available to common shares was $40.5 million.
Loss per diluted share was $0.18.
Same-store portfolio NOI grew by 3.3%.
Core Funds from Operations (CFFO) was $68.7 million, or $0.30 per share.
IRT is introducing 2024 EPS, FFO, and CFFO per share and same-store NOI guidance ranges. Earnings per diluted share is projected to be in the range of $0.40 to $0.44.
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