Independence Realty Trust (IRT) reported Q4 core funds from operations late Wednesday of $0.32 per diluted share, up from $0.30 a year earlier.
Analysts polled by FactSet expected $0.32.
Rental and other property revenue for the quarter ended Dec. 31 fell to $160.6 million from $166.7 million a year earlier.
Analysts surveyed by FactSet expected $163.3 million.
For 2025, the company expects core FFO of $1.16 to $1.19 per share.
The consensus is for $1.19.
Shares were up more than 1% in after-hours activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.