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April 26, 2015 5:45 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: 52
Chief Financial Officer, Principal Accounting Officer and Treasurer
Age: 38
Secretary
Compensation as of Fiscal Year 2014.

Independence Realty Trust, Inc. Key Developments

Independence Realty Trust, Inc. Announces Second Quarter Monthly Cash Dividends on Its Common Stock for April, May, and June 2015, Payable on May 15, 2015, June 15, 2015 and July 15, 2015, Respectively

Independence Realty Trust, Inc. announced that, on April 13, 2015, IRT's Board of Directors declared monthly cash dividends for the second quarter of 2015 on IRT's shares of common stock in the amount of $0.06 per share per month for April, May, and June 2015. The monthly dividends total $0.18 per share for the second quarter. The dividend record dates for April, May, and June 2015 dividends are April 30, 2015, May 29, 2015, and June 30, 2015 and payable on May 15, 2015, June 15, 2015 and July 15, 2015, respectively.

Independence Realty Trust, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2014

Independence Realty Trust, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2014. For the quarter, the company reported total revenue of $16,362,000, operating income of $3,176,000, net income allocable to common stock of $189,000 or $0.01 per diluted share, funds from operations of $4,045,000 or $0.14 per share, core funds from operations of $4,718,000 or $0.17 per share compared to the total revenue of $5,768,000, operating income of $1,274,000, net income allocable to common stock of $308,000 or $0.03 per diluted share, funds from operations of $1,614,000 or $0.17 per share, core funds from operations of $1,889,000 or $0.2 per share for the same quarter a year ago. For the year, the company reported total revenue of $49,203,000, operating income of $8,541,000, net income allocable to common stock of $2,940,000 or $0.14 per diluted share, funds from operations of $15,460,000 or $0.72 per share, core funds from operations of $14,626,000 or $0.68 per share compared to the total revenue of $19,943,000, operating income of $4,933,000, net income allocable to common stock of $615,000 or $0.12 per diluted share, funds from operations of $5,457,000 or $0.76 per share, core funds from operations of $5,782,000 or $0.81 per share for the previous year.

Independence Realty Trust, Inc. to Report Q4, 2014 Results on Feb 25, 2015

Independence Realty Trust, Inc. announced that they will report Q4, 2014 results at 9:00 AM, US Eastern Standard Time on Feb 25, 2015

Similar Private Companies By Industry

Company Name Region
Franklin Finance Corporation United States
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LNR Capital Corp. United States
Foundation Capital Resources Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 17, 2014
Apartment Community Located in Little Rock, Arkansas
Merger/Acquisition
September 9, 2014
Apartment Community Located in Memphis, Tennessee
Merger/Acquisition
September 9, 2014
Apartment Community Located in Raleigh, North Carolina
 

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