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Stock impact report

Independence Realty Trust Inc (IRT) Q4 2024 Earnings Call Highlights: Strong Occupancy and ... [Yahoo! Finance]

Independence Realty Trust, Inc. (IRT) 
Company Research Source: Yahoo! Finance
4 min read In This Article IRT Core FFO per Share: $1.16 for the full year 2024, at the high end of guidance. Same Store NOI Growth: 3.2% for the year, with a 5.3% increase in Q4. Same Store Average Occupancy: Increased by 110 basis points to 95.2%. Average Effective Rental Rates: Increased by 1.3% for the year. Resident Renewal Rate: 62.7% for the year. Value Add Program: Completed 1,671 renovations, driving a $239 average increase in monthly rent per unit. Acquisitions: $240 million invested in three properties with a blended economic cap rate of 5.7%. Net Debt to Adjusted EBITDA: Reduced to 5.9 times at year-end. Investment Grade Rating: Received a B flat rating with a stable outlook from S&P and Fitch. Liquidity: Nearly three-quarters of a billion dollars, including $156 million available on forward equity commitments. 2025 EPS Guidance: $0.19 to $0.22 per share. 2025 Core FFO Guidance: $1.16 to $1.19 per share. 2025 Same Store NOI Growth Expectation Show less Read more
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