Independence Realty Trust Q2 FY26 EPS drops to $0.01; revenue rises 3.2% to $167.13 million

Reuters2026/08/03 20:08

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Independence Realty Trust posted Q2 2026 net income available to common shares of $3.39 million; EPS fell to $0.01 from $0.03 a year earlier.
Adjusted EBITDA rose 3.08% to $90.25 million; core funds from operations were $66.64 million, unchanged at $0.28 per share year over year.
Same-store NOI increased 1.2%, reflecting a 0.9% rise in rental and other property revenue to $167.13 million.
Board lifted the quarterly dividend 5.9% to $0.18 per share; Fitch upgraded the outlook on its investment-grade rating to Positive.
Scott Schaeffer said lead volume rose meaningfully as market conditions improved; the REIT affirmed the midpoint of full-year 2026 core FFO guidance.

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: 202608031605BIZWIRE_USPR_____20260803_BW832631) on August 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Independence Realty Trust Q2 FY26 EPS drops to $0.01; revenue rises 3.2% to $167.13 million

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