Independence Realty Trust, Inc reports results for the quarter ended June 30 - Earnings Summary
Independence Realty Trust, Inc reports results for the quarter ended June 30 - Earnings Summary
Independence Realty Trust, Inc IRT.N reported quarterly adjusted earnings of 1 cent per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of six analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 1 cents to 11 cents per share.
Revenue rose 3.2% to $167.13 million from a year ago; analysts expected $168.15 million.
Independence Realty Trust, Inc's reported EPS for the quarter was 1 cent.
The company reported quarterly net income of $3.39 million.
Independence Realty Trust, Inc shares had fallen by 0.4% this quarter and lost 4.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 3 "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 $19.00, about 11.8% above its last closing price of $16.76
This summary was machine generated from LSEG data August 3 at 09:55 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 2026 | 0.28 | 0.28 | Met |
Mar. 31 2026 | 0.27 | 0.26 | Missed |
Dec. 31 2025 | 0.32 | 0.33 | Beat |
Sep. 30 2025 | 0.30 | 0.29 | Missed |