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Stock impact report

Independence Realty stock slides after announcing 10M stock offering [Seeking Alpha]

Independence Realty Trust, Inc. (IRT) 
Company Research Source: Seeking Alpha
The company also expects to enter a forward sale agreement with Citigroup ( C ) in relation to 10M shares of common stock and up to an additional 1.5M shares if the underwriters exercise their option to purchase additional shares in full. IRT expects to contribute any cash net proceeds it receives upon the future settlement of the forward sale agreements to IRT's operating partnership, Independence Realty Operating Partnership, in exchange for common units in IROP. Through IROP, Independence Realty ( IRT ) intends to use the net proceeds to fund potential acquisitions and other investment opportunities or for general corporate purposes. Recommended For You Recommended For You More Trending News About IRT Stock Related Stocks Trending Analysis Trending News Show less Read more
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