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Stock impact report

Independence Realty Trust Provides Additional COVID-19 Update

Independence Realty Trust, Inc. (IRT) 
Company Research Source: Business Wire
Announces First Quarter 2020 Earnings Release and Conference Call Dates PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today released a business update regarding initiatives to mitigate the impact of the novel coronavirus (COVID-19).“The health and well-being of our employees and residents is our highest priority during these unprecedented times,” said Scott Schaeffer, Chairman and CEO of IRT. “For those residents directly impacted and demonstrating financial hardship, we will provide flexibility in meeting their near-term monthly rental requirements. This includes creating payment plans, waiving late fees and halting evictions.”As of April 8, 2020, IRT has collected 89% of its April rent receipts.IRT also announced initiatives aimed at strengthening its balance sheet and increasing financial flexibility.IRT has allowed the non-binding letter of intent related to the acquisition of three Class A communities in Atlanta, GA to expire, without reali Show less Read more
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