Independence Realty Trust Inc reports results for the quarter ended June 30 - Earnings Summary
30/07/2025 22:46
Independence Realty Trust Inc IRT.N reported quarterly adjusted earnings of 3 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of eight analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 3 cents to 6 cents per share. Revenue rose 2.4% to $161.89 million from a year ago; analysts expected $164.95 million. Independence Realty Trust Inc's reported EPS for the quarter was 3 cents. The company reported quarterly net income of $8.05 million. Independence Realty Trust Inc shares had fallen by 1.0% this quarter and lost 11.7% so far this year. FORECAST CHANGES The mean earnings estimate of analysts had fallen by about 1.8% in the last three months. In the last 30 days, one analyst negatively revised an earnings estimate RECOMMENDATIONS The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the residential reits peer group is also "buy" Wall Street's median 12-month price target for Independence Realty Trust Inc is $22.00, about 22.1% above its last closing price of $17.13 This summary was machine generated from LSEG data July 30 at 09:46 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
| QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
| Jun. 30 2025 | 0.28 | 0.28 | Met |
| Mar. 31 2025 | 0.28 | 0.27 | Missed |
| Dec. 31 2024 | 0.32 | 0.32 | Met |
| Sep. 30 2024 | 0.30 | 0.29 | Missed |