Articles from Independence Realty Trust, Inc.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announces that its board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on April 21, 2025, to shareholders of record at the close of business on March 28, 2025.

Independence Realty Trust, Inc. (“IRT” and the “Company”) (NYSE: IRT), a multifamily apartment REIT, announces its fourth quarter and full year 2024 financial results and establishes full year 2025 guidance.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax status of 2024 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its fourth quarter and full year 2024 financial results after market close on Wednesday, February 12, 2025, and will hold its quarterly results conference call on Thursday, February 13, 2025 at 9:00 a.m. Eastern Time.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that on January 8, 2025 its operating partnership, Independence Realty Operating Partnership, LP, entered into an amended and restated unsecured credit facility. The new facility increases the borrowing capacity under IRT’s existing revolver from $500 million to $750 million and extends the maturity date of the revolver from January 2026 to January 2029. As of closing, the amount outstanding under the revolver was $214 million. Proceeds from the expanded revolver will be used for general corporate purposes.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT’s board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on January 17, 2025 to stockholders of record at the close of business on December 31, 2024.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and Chief Executive Officer, Jim Sebra, Chief Financial Officer and President, Jason Delozier, Chief Accounting Officer and Janice Richards, SVP of Operations are scheduled to host meetings with investors and analysts at Nareit’s REITworld 2024 Annual Conference in Las Vegas on November 19 and 20.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its third quarter 2024 financial results and that it has received a ‘BBB’ issuer credit rating and stable outlook from S&P Global Ratings.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today that its communities in Tampa and Orlando, Florida were minimally impacted by Hurricane Milton.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its third quarter 2024 financial results after market close on Wednesday, October 30, 2024, and will hold its quarterly results conference call on Thursday, October 31, 2024 at 9:00 a.m. Eastern Time.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today the Company’s apartment communities did not incur any significant damage as a result of Hurricane Helene.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT’s board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on October 18, 2024 to stockholders of record at the close of business on September 30, 2024.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced the closing of its previously announced underwritten public offering of 11,500,000 shares of common stock at a public offering price of $19.75 per share, including 1,500,000 shares sold pursuant to the exercise in full of the underwriters’ option to purchase additional shares of common stock. In connection with the offering, IRT entered into forward sale agreements with Citigroup.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced the pricing of its public offering of 10,000,000 shares of common stock at a price of $19.75 per share in connection with the forward sale agreement described below. The Company also granted the underwriters a 30-day option to purchase up to 1,500,000 additional shares. The offering is expected to close on or about September 5, 2024, subject to customary closing conditions.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced that it is commencing an underwritten public offering of 10,000,000 shares of common stock, par value $0.01 per share, in connection with the forward sale agreements described below. IRT expects to grant the underwriters a 30-day option to purchase up to 1,500,000 additional shares of common stock.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today that Jim Sebra, the Company’s Chief Financial Officer has been appointed to President and Chief Financial Officer. Mr. Sebra will retain his current responsibilities for overseeing the finance, accounting, tax, IT and investor relations functions, and will now also oversee the Company’s operational functions.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today that it has agreed to sell $150 million in aggregate principal amount of unsecured notes (the “Notes”), consisting of $75 million aggregate principal amount of unsecured notes due 2031 and $75 million aggregate principal amount of unsecured notes due 2034, to an institutional investor in a private placement at fixed annual interest rates of 5.32% and 5.53%, respectively.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its second quarter 2024 financial results and raised the midpoint of its full year 2024 same store NOI, EPS, and Core FFO guidance ranges.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024, and will hold its quarterly results conference call on Thursday, August 1, 2024 at 9:00 a.m. Eastern Time.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT’s board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on July 19, 2024 to stockholders of record at the close of business on June 28, 2024.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and Chief Executive Officer, Jim Sebra, Chief Financial Officer and Jason Delozier, Chief Accounting Officer will be meeting with investors and analysts at Nareit’s REITweek 2024 Investor Conference on June 4-5 at the New York Hilton Midtown in New York City. There will also be a management presentation on Tuesday, June 4th at 3:00pm ET. The link to the webcast can be accessed as follows:

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its first quarter 2024 financial results.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its first quarter 2024 financial results after market close on Wednesday, April 24, 2024, and will hold its quarterly results conference call on Thursday, April 25, 2024 at 9:00 a.m. Eastern Time.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today the sale of three properties in three markets, as part of the Company’s Portfolio Optimization and Deleveraging Strategy. The total gross sales price of the three properties was $168.1 million, with each property sale closing in March 2024.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced its 2023 Sustainability Report, highlighting the progress we have made against our sustainability strategy over the last year and the initiatives we have in place to continue building a sustainable and inclusive future for our business and all of our stakeholders. For the full report, please visit https://investors.irtliving.com/sustainability/.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT’s board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on April 19, 2024 to stockholders of record at the close of business on March 29, 2024.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) announced today that the Company received an investment grade rating from Fitch Ratings (“Fitch”). Fitch has assigned a Long-Term Issuer Default Rating of ‘BBB’ to IRT with a stable outlook. In addition, Fitch has assigned a rating of ‘BBB’ to the company's subsidiary, Independence Realty Operating Partnership, LP and its senior unsecured debt, which includes credit facilities and unsecured term loans.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) announced today that Scott Schaeffer, Chairman and Chief Executive Officer and Jim Sebra, Chief Financial Officer, will be participating next week in Citi’s 2024 Global Property CEO Conference held in Hollywood, FL.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) today announced the appointment of Craig Macnab to its Board of Directors (the “Board”), effective February 29, 2024. Mr. Macnab brings over 20 years of experience to IRT’s Board after serving in various executive and board roles in the REIT industry, including most recently as CEO of National Retail Properties, Inc. (NYSE: NNN) for 13 years. Mr. Macnab’s appointment increases the size of IRT’s Board to 10 members, including 8 independent directors. In connection with this announcement, the Company has entered into a cooperation agreement with Argosy-Lionbridge Management, LLC (“ALM”), an IRT stockholder.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its fourth quarter and full year 2023 financial results and provided its full year 2024 guidance.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax status of 2023 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its fourth quarter and full year 2023 financial results after market close on Wednesday, February 14, 2024, and will hold its quarterly results conference call on Thursday, February 15, 2024 at 9:00 a.m. Eastern Time.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today the sale of four properties in four markets, as part of the Company’s Portfolio Optimization and Deleveraging Strategy. The total gross sales price of the four properties was $200.7 million, with each property sale closing in December 2023.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT’s board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on January 19, 2024 to stockholders of record at the close of business on December 29, 2023.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, IRT’s Chairman and Chief Executive Officer, and Jim Sebra, IRT’s Chief Financial Officer are scheduled to host meetings with investors and analysts at Nareit’s REITworld 2023 Annual Conference in Los Angeles on November 14 and 15.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its third quarter 2023 financial results, initiated its portfolio optimization strategy and updated its full year 2023 guidance.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its third quarter 2023 financial results after market close on Monday, October 30, 2023, and will hold its quarterly results conference call on Tuesday, October 31, 2023 at 9:00 a.m. Eastern Time.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT’s board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on October 20, 2023 to stockholders of record at the close of business on September 29, 2023.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Jim Sebra, IRT’s Chief Financial Officer and Mike Daley, IRT’s Executive Vice President, Operations and People are scheduled to host meetings with investors at the Bank of America Securities 2023 Global Real Estate Conference in New York City on September 12th.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its second quarter 2023 financial results and raised the midpoint of its full year 2023 earnings and Core FFO guidance ranges.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its second quarter 2023 financial results after market close on Wednesday, July 26, 2023, and will hold its quarterly results conference call on Thursday, July 27, 2023 at 9:00 a.m. Eastern Time.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and CEO, Jim Sebra, CFO, Mike Daley, EVP of Operations and People, and Janice Richards, SVP of Operations will be meeting with investors and analysts at Nareit’s REITweek 2023 Investor Conference on June 6-7 at the New York Hilton Midtown in New York City. There will also be a management presentation on Wednesday, June 7th at 2:45pm ET. The link to the webcast can be accessed as follows:

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today that IRT’s board of directors approved a quarterly dividend of $0.16 per share of IRT common stock, which represents a 14% increase in the dividend over the prior quarterly rate of $0.14 per share. The second quarter dividend is payable on July 21, 2023 to stockholders of record at the close of business on June 30, 2023.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its first quarter 2023 financial results.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its first quarter 2023 financial results after market close on Wednesday, April 26, 2023, and will hold its quarterly results conference call on Thursday, April 27, 2023 at 9:00 a.m. Eastern Time.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today that Farrell Ender, President of IRT, will be leaving the company effective May 1, 2023, to pursue other opportunities.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and Chief Executive Officer, and Jim Sebra, Chief Financial Officer will be participating next week in Citi’s 2023 Global Property CEO Conference held in Hollywood, FL.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax reporting information for the 2022 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its fourth quarter and full year 2022 financial results after market close on Wednesday, February 15, 2023, and will hold its quarterly results conference call on Thursday, February 16, 2023 at 9:00 a.m. Eastern Time.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced its inaugural Sustainability report. This report is an opportunity to share our sustainability progress and vision for the future as we continue to integrate Environmental, Social, and Governance (ESG) initiatives into our strategy. For the full report. please visit https://investors.irtliving.com/sustainability/

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT’s board of directors declared a quarterly dividend of $0.14 per share of IRT common stock, payable on January 20, 2023 to stockholders of record at the close of business on December 30, 2022.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, IRT’s Chairman and CEO, and Jim Sebra, IRT’s CFO are scheduled to host meetings with investors and analysts at Nareit’s REITworld 2022 Annual Conference on November 15-16 at the Marriott Marquis in San Francisco. In advance of these upcoming meetings, IRT has provided an operating update.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its third quarter 2022 financial results.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its third quarter 2022 financial results after market close on Wednesday, October 26, 2022, and will hold its quarterly results conference call on Thursday, October 27, 2022 at 9:00 a.m. Eastern Time.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced the Company’s apartment communities in Tampa and Orlando, Florida did not appear to have any significant damage as a result of Hurricane Ian.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, IRT’s Chairman and CEO, and Jim Sebra, IRT’s CFO are scheduled to host meetings with investors at Bank of America Securities 2022 Global Real Estate Conference in New York City on September 13th and 14th.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its second quarter 2022 financial results.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its second quarter 2022 financial results after market close on Wednesday, July 27, 2022, and will hold its quarterly results conference call on Thursday, July 28, 2022 at 9:00 a.m. Eastern Time.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and Chief Executive Officer and Jim Sebra, Chief Financial Officer, will be meeting with investors and analysts at Nareit’s REITweek 2022 Investor Conference on June 7-8 at the New York Hilton Midtown in New York City. There will also be a management presentation on Tuesday, June 7th at 2:15pm ET. The link to the webcast can be accessed as follows:

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that its Board of Directors authorized a repurchase program of up to $250 million of the Company’s common stock. The Board also approved a quarterly dividend of $0.14 per share of IRT common stock, which represents a 17% increase in the dividend over the prior quarterly rate of $0.12 per share. The dividend is payable on July 22, 2022 to shareholders of record at the close of business on July 1, 2022.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its first quarter 2022 financial results.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its first quarter 2022 financial results after market close on Tuesday, May 3, 2022, and will hold its quarterly results conference call on Wednesday, May 4, 2022 at 9:00 a.m. Eastern Time.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT’s board of directors declared a quarterly dividend of $0.12 per share of IRT common stock, payable on April 22, 2022 to stockholders of record at the close of business on April 1, 2022.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its fourth quarter and full year 2021 financial results.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax reporting information for the 2021 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its fourth quarter and full year 2021 financial results after market close on Wednesday, February 16, 2022, and will hold its quarterly results conference call on Thursday, February 17, 2022 at 9:00 a.m. Eastern Time.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) and Steadfast Apartment REIT, Inc. (“STAR”) today announced the completion of the merger transaction between the two companies, forming a combined company with an equity market capitalization of approximately $5.6 billion and a total enterprise value of approximately $8.3 billion, as of market close on December 15, 2021. The transaction was previously approved by both companies’ stockholders at their respective special meetings held on December 13, 2021. The combined company, headquartered in Philadelphia, Pennsylvania, will retain the Independence Realty Trust name and will trade under the existing ticker symbol “IRT” on the New York Stock Exchange.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that its operating partnership, Independence Realty Operating Partnership, LP, entered into an amended and restated unsecured credit facility. The new facility increases the borrowing capacity under IRT’s existing revolving credit facility from $350 million to $500 million and extends the maturity date of the revolving credit facility from May 2023 to January 2026. Proceeds from the expanded revolving credit facility will be used for general corporate purposes.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) announced that at its special meeting of stockholders held today, its stockholders approved the issuance of shares of IRT common stock to the stockholders of Steadfast Apartment REIT, Inc. (“STAR”) in connection with IRT’s previously announced merger transaction with STAR (the “Merger”). The share issuance proposal is described in detail in IRT’s and STAR’s definitive joint proxy statement/prospectus, which was filed with the Securities and Exchange Commission on September 29, 2021.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that its Board of Directors has declared a prorated dividend on IRT common stock, contingent upon the completion of IRT’s pending merger with Steadfast Apartment REIT, Inc. (“STAR”) on or before December 31, 2021. The contingent prorated dividend will be payable in cash to IRT stockholders of record as of the close of business on December 15, 2021 (the “record date”), which is the day immediately prior to the anticipated closing date of the merger. If the merger is completed before or after December 16, 2021 (but no later than December 31, 2021), the record date will automatically be changed to be the close of business on the last business day immediately prior to the actual closing date of the merger.

Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its third quarter 2021 financial results.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its third quarter 2021 financial results after market close on Wednesday, October 27, 2021, and will hold its quarterly results conference call on Thursday, October 28, 2021 at 9:00 a.m. Eastern Time.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT’s board of directors declared a quarterly dividend of $0.12 per share of IRT common stock, payable on October 22, 2021 to stockholders of record at the close of business on October 1, 2021.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced the closing of its previously announced underwritten public offering of 16,100,000 shares of common stock at a public offering price of $17.75 per share, including 2,100,000 shares sold pursuant to the exercise in full of the underwriters’ option to purchase additional shares of common stock. In connection with the offering, IRT entered into forward sale agreements with Bank of Montreal.

Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that the underwriters of its previously announced public offering of 14,000,000 common shares have fully exercised their over-allotment option to purchase an additional 2,100,000 shares at a price of $17.75 per share. The offering is expected to close on or about July 30, 2021, subject to customary closing conditions.