Independence Realty Trust Reports Q3 EPS of $0.03 and 2.7% Same-Store NOI Growth

Reuters10-30
Independence Realty Trust Reports Q3 EPS of $0.03 and 2.7% Same-Store NOI Growth

Independence Realty Trust, Inc. reported third quarter 2025 financial results with earnings per share of $0.03 and Core Funds from Operations (CFFO) per share of $0.29, in line with expectations. Same-store Net Operating Income (NOI) grew by 2.7% during the quarter, driven by a 1.4% increase in rental revenue and a 0.7% decrease in property operating expenses. Same-store occupancy was 95.6% at the end of the quarter, and the resident retention rate was 60.4%. The company completed 788 renovations in its value add program, with an average return on investment of 14.8% in the quarter. Business developments included the acquisition of two multifamily communities in Orlando for a total of $155.0 million and ongoing capital recycling, including the sale of three communities to fund higher growth investments. The balance sheet remains characterized by conservative leverage and ample liquidity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Independence Realty Trust Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251029831270) on October 29, 2025, and is solely responsible for the information contained therein.
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