Independence Realty Trust Announces Second Quarter 2018 Financial Results and Reiterates Its Full Year Guidance Targets
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- Wall St indexes advance with boost from chips, Iran optimism
- Intel soars after Trump says Apple agreed to work with chipmaker on US production
- Apple CEO warns price hikes 'unavoidable' as chip costs bite - WSJ
- Wall Street scrambles to lift Micron price targets ahead of earnings
- SanDisk and Micron surge as Apple confirms memory price pass-through
- Zelenskiy: best guarantee of Europe's future is fast-track EU membership for Ukraine
- Needham Starts NeoVolta (NEOV) at Buy
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Companies to add 40 million barrels of oil to US SPR after Iran war ends, energy secretary says
- China makes small dent in deflation battle as supply-demand imbalance persists
Independence Realty Trust (IRT) Misses Q2 EPS by 1c, Revenues Miss; Offers FY18 EPS Outlook
August 2, 2018 7:46 AM EDTIndependence Realty Trust (NYSE: IRT) reported Q2 EPS of $0.04, $0.01 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $46.73 million versus the consensus estimate of $47.41 million.
Second Quarter Highlights
Completed the roll out of the value add program at all five Phase 1 communities and started the rollout for Phase 2 communities. During Q2, we completed renovations in 464 units, achieving a weighted average return on investment of 20.7%. (See Value Add Update and Same Store NOI Guidance Impact section below for additional information.)Net income allocable to common shares of $3.5 million for... More