NYSE:IRTResidential REITs
Independence Realty Trust (IRT) Stock FFO Holds Up While Profit Slips
Independence Realty Trust stock inched up about 1.8% to around US$17 after its latest results, a muted move for a company often pitched as a steady multifamily income story. The headline this quarter is cash generation. Core funds from operations, the key metric for residential real estate investment trusts, landed at US$0.28 per share in Q2, helped by higher same store net operating income and an early boost from the new community Wi Fi program.
For investors, the question now is how that...