Independence Realty Trust (IRT) Misses Q1 EPS by 1c

Independence Realty Trust (NYSE: IRT) reported Q1 EPS of $0.06, $0.01 worse than the analyst estimate of $0.07.

• Earnings per share (“EPS”) was $0.06 for the quarter ended March 31, 2017 as compared to $0.00 for the quarter ended March 31, 2016.
• Core Funds from Operations (“CFFO”) per share of $0.18 for the quarter ended March 31, 2017 as compared to $0.21 for the quarter ended March 31, 2016.
• Earnings before interest, taxes, depreciation and amortization and before acquisition expenses (“Adjusted EBITDA”), of $19.5 million for the quarter ended March 31, 2017 as compared to $18.9 million for the quarter ended March 31, 2016.

For earnings history and earnings-related data on Independence Realty Trust (IRT) click here.

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