Overview

* Independence Realty Trust ( IRT ) Q3 EPS of $0.03, down from $0.05 last year

* Company reports Q3 CFFO per share of $0.29, in line with expectations

* Same-store NOI grows 2.7% in Q3, rental revenue up 1.4%

Outlook

* Independence Realty Trust ( IRT ) reaffirms full-year 2025 guidance midpoints

* Company updates 2025 EPS guidance to $0.27-$0.28, down from $0.475-$0.535

* Company expects 2025 NOI growth of 1.9%-2.3%

Result Drivers

* VALUE-ADD RENOVATIONS - Completed 788 unit renovations with a 14.8% ROI during Q3

* ACQUISITIONS - Acquired two communities in Orlando for $155 mln, increasing exposure in the region

* COST MANAGEMENT - Achieved 0.7% decrease in property operating expenses, supporting NOI growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.03

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the residential reits peer group is "buy"

* Wall Street's median 12-month price target for Independence Realty Trust Inc ( IRT ) is $20.00, about 21.1% above its October 28 closing price of $15.79

* The stock recently traded at 59 times the next 12-month earnings vs. a P/E of 67 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)