Independence Realty Trust: Q4 Earnings Snapshot

Associated Press Finance

02-13

PHILADELPHIA (AP) — PHILADELPHIA (AP) — Independence Realty Trust Inc. (IRT) on Wednesday reported a key measure of profitability in its fourth quarter.

The Philadelphia-based real estate investment trust said it had funds from operations of $75 million, or 32 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $1 million, or less than 1 cent on a per-share basis.

The real estate investment trust, based in Philadelphia, posted revenue of $161 million in the period.

For the year, the company reported funds from operations of $266.9 million. Revenue was reported as $640 million.

Independence Realty Trust expects full-year funds from operations in the range of $1.16 to $1.19 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IRT at https://www.zacks.com/ap/IRT

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(IRT) on Wednesday reported a key measure of profitability in its fourth quarter.</p>\n<p>The Philadelphia-based real estate investment trust said it had funds from operations of $75 million, or 32 cents per share, in the period.</p>\n<p>Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.</p>\n<p>The company said it had a loss of $1 million, or less than 1 cent on a per-share basis.</p>\n<p>The real estate investment trust, based in Philadelphia, posted revenue of $161 million in the period.</p>\n<p>For the year, the company reported funds from operations of $266.9 million. Revenue was reported as $640 million.</p>\n<p>Independence Realty Trust expects full-year funds from operations in the range of $1.16 to $1.19 per share.</p>\n<p>_____</p>\n<p>This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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(IRT) on Wednesday reported a key measure of profitability in its fourth quarter.\nThe Philadelphia-based real estate investment trust said it had funds from operations of $75 million, or 32 cents per share, in the period.\nFunds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.\nThe company said it had a loss of $1 million, or less than 1 cent on a per-share basis.\nThe real estate investment trust, based in Philadelphia, posted revenue of $161 million in the period.\nFor the year, the company reported funds from operations of $266.9 million. Revenue was reported as $640 million.\nIndependence Realty Trust expects full-year funds from operations in the range of $1.16 to $1.19 per share.\n_____\nThis story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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