{"id":258569,"date":"2026-08-03T21:34:08","date_gmt":"2026-08-03T21:34:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/258569\/"},"modified":"2026-08-03T21:34:08","modified_gmt":"2026-08-03T21:34:08","slug":"independence-realty-trust-q2-earnings-snapshot","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/258569\/","title":{"rendered":"Independence Realty Trust: Q2 Earnings Snapshot"},"content":{"rendered":"<p>PHILADELPHIA (AP) \u2014 PHILADELPHIA (AP) \u2014 Independence Realty Trust Inc. (IRT) on Monday reported a key measure of profitability in\u2026<\/p>\n<p>PHILADELPHIA (AP) \u2014 PHILADELPHIA (AP) \u2014 Independence Realty Trust Inc. (IRT) on Monday reported a key measure of profitability in its second quarter.<\/p>\n<p>The real estate investment trust, based in Philadelphia, said it had funds from operations of $66.6 million, or 28 cents per share, in the period.<\/p>\n<p>Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.<\/p>\n<p>The company said it had net income of $3.4 million, or 1 cent per share.<\/p>\n<p>The real estate investment trust, based in Philadelphia, posted revenue of $167.2 million in the period.<\/p>\n<p>Independence Realty Trust expects full-year funds from operations in the range of $1.13 to $1.15 per share.<\/p>\n<p>_____<\/p>\n<p>This story was generated by <a href=\"http:\/\/www.automatedinsights.com\/ap\" rel=\"nofollow noopener\" target=\"_blank\">Automated Insights<\/a> (http:\/\/automatedinsights.com\/ap) using data from Zacks Investment Research. Access a <a href=\"https:\/\/www.zacks.com\/ap\/IRT\" rel=\"nofollow noopener\" target=\"_blank\">Zacks stock report on IRT<\/a> at https:\/\/www.zacks.com\/ap\/IRT<\/p>\n<p>Copyright<br \/>\n                        \u00a9\u00a02026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.<\/p>\n","protected":false},"excerpt":{"rendered":"PHILADELPHIA (AP) \u2014 PHILADELPHIA (AP) \u2014 Independence Realty Trust Inc. (IRT) on Monday reported a key measure of&hellip;\n","protected":false},"author":2,"featured_media":11835,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[69,71,70],"class_list":["post-258569","post","type-post","status-publish","format-standard","has-post-thumbnail","category-philadelphia","tag-philadelphia","tag-philadelphia-headlines","tag-philadelphia-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/258569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=258569"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/258569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/11835"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=258569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=258569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=258569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}