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Independence Realty Trust reports Q4 core FFO 29c, consensus 28c
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Independence Realty Trust reports Q4 core FFO 29c, consensus 28c

Combined same-store portfolio net operating income growth was 13.0% for Q4 compared to the quarter ended December 31, 2021. The company said, "We are pleased with our accomplishments in 2022, as we integrated the STAR portfolio while successfully operating our business during volatile market conditions. We delivered fourth quarter and full year same store NOI growth of 13.0% and 13.7%, respectively and Core FFO per share growth of nearly 30% in 2022. While we expect macroeconomic uncertainty to persist, we remain confident in our portfolio in attractive markets and expect favorable demand trends to support our performance. Looking ahead to 2023, our guidance reflects another year of growth at IRT, as we continue to focus on executing our value add strategy and operating our well-positioned portfolio of middle market communities."

Published first on TheFly

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