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September 05, 2015 9:07 AM ET

Real Estate Investment Trusts (REITs)

Company Overview of Independence Realty Trust, Inc.

Company Overview

Independence Realty Trust, Inc is an equity real estate investment trust launched by RAIT Financial Trust. It is managed by Independence Realty Advisors, LLC. The fund invests in the real estate markets of the United States. It makes investments in apartment properties to create its portfolio. Independence Realty Trust, Inc was formed on March 26, 2009 and is domiciled in the United States.

Cira Centre

17th Floor

2929 Arch Street

Philadelphia, PA 19104

United States

Founded in 2009

Phone:

215-243-9000

Key Executives for Independence Realty Trust, Inc.

Chairman of The Board, Chief Executive Officer and President
Age: 53
Chief Financial Officer, Principal Accounting Officer and Treasurer
Age: 39
Secretary
Compensation as of Fiscal Year 2015.

Independence Realty Trust, Inc. Key Developments

Independence Realty Trust, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Independence Realty Trust, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the second quarter, the company reported total revenue was $22,812,000 compared to $11,649,000 a year ago. Operating income was $4,630,000 compared to $1,801,000 a year ago. Net income was $353,000 compared to loss of $128,000 a year ago. Net income allocable to common stock was $357,000 or $0.01 basic and diluted per share compared to loss of $128,000 or $0.01 basic and diluted per share a year ago. Funds from operations were $6,073,000 or $0.18 per share compared to $3,104,000 or $0.18 per share a year ago. Core funds from operations were $6,251,000 or $0.19 per share compared to $3,368,000 or $0.19 per share a year ago. For the six months, the company reported total revenue was $44,512,000 compared to $19,784,000 a year ago. Operating income was $8,410,000 compared to $3,149,000 a year ago. Net income was $112,000 compared to $2,807,000 a year ago. Net income allocable to common stock was $104,000 or $0 basic and diluted per share compared to $2,807,000 or $0.17 basic and diluted per share a year ago. Funds from operations were $11,870,000 or $0.36 per share compared to $8,162,000 or $0.49 per share a year ago. Core funds from operations were $12,151,000 or $0.37 per share compared to $5,936,000 or $0.36 per share a year ago.

Independence Realty Trust, Inc. to Report Q2, 2015 Results on Jul 29, 2015

Independence Realty Trust, Inc. announced that they will report Q2, 2015 results at 9:00 AM, US Eastern Standard Time on Jul 29, 2015

Independence Realty Trust, Inc., Q2 2015 Earnings Call, Jul 29, 2015

Independence Realty Trust, Inc., Q2 2015 Earnings Call, Jul 29, 2015

Similar Private Companies By Industry

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 29, 2015
100 Vacant Units in Waterstone at Big Creek
Merger/Acquisition
May 8, 2015
236 Unit Apartment Community in Indianapolis
Merger/Acquisition
December 17, 2014
Apartment Community Located in Little Rock, Arkansas
 

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