NYSE$IRT
Independence Realty Trust Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Announced third quarter 2023 financial results, initiated portfolio optimization and deleveraging strategy, and updated full year 2023 guidance.
Independence Realty Trust reported a net income of $3.9 million and a same-store NOI growth of 4.8% for the third quarter of 2023. The company has initiated a portfolio optimization and deleveraging strategy to sell non-core assets and reduce debt.
- Net income available to common shares was $3.9 million.
- Earnings per diluted share was $0.02.
- Same-store portfolio net operating income grew by 4.8%.
- Core Funds from Operations was $69.0 million, with CFFO per share at $0.30.
Headline financials
Revenue & EPS history
Independence Realty Trust · Revenue · Quarterly
$169M
Forward guidance
IRT reduced its EPS, FFO, and CFFO per share guidance ranges and its same store NOI guidance range.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+0.8%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+2.3%
Avg return
30 days after
51%
26 / 51 earnings
Positive
+10.0%
Q2 2015
Best reaction
-8.7%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.1% | +1.3% | -0.3% | |
| Q4 2025 | -5.3% | -2.4% | -6.0% | |
| Q3 2025 | +4.5% | +7.2% | +13.4% | |
| Q1 2025 | -1.4% | -0.3% | -4.3% | |
| Q4 2024 | +2.2% | +3.6% | +4.5% | |
| Q3 2024 | -0.5% | -2.3% | +10.8% | |
| Q2 2024 | +2.9% | +2.0% | +11.4% | |
| Q1 2024 | -0.1% | +1.9% | +5.4% | |
| Q4 2023 | +8.2% | +8.4% | +8.5% | |
| Q3 2023 | +1.6% | +11.8% | +11.0% | |
| Q2 2023 | -1.6% | -0.4% | -3.7% | |
| Q1 2023 | +4.8% | +6.2% | +8.0% | |
| Q4 2022 | -1.8% | -3.0% | -19.8% | |
| Q3 2022 | +0.2% | +2.2% | +6.7% | |
| Q2 2022 | +4.5% | +1.7% | -5.3% | |
| Q1 2022 | -2.0% | -10.1% | -7.7% | |
| Q4 2021 | +4.0% | -3.6% | +1.1% | |
| Q3 2021 | +6.6% | +5.8% | +10.5% | |
| Q2 2021 | -8.7% | -3.6% | +0.1% | |
| Q1 2021 | -1.8% | -1.7% | +0.9% | |
| Q4 2020 | +2.1% | +5.7% | +8.3% | |
| Q3 2020 | +4.1% | +3.8% | +7.2% | |
| Q2 2020 | +3.4% | -0.4% | +7.2% | |
| Q1 2020 | -3.5% | -1.3% | +19.1% | |
| Q4 2019 | +5.6% | +8.2% | -39.3% | |
| Q3 2019 | +1.7% | -1.7% | -1.4% | |
| Q2 2019 | +5.2% | +1.9% | +12.4% | |
| Q1 2019 | -0.5% | +0.7% | +3.7% | |
| Q4 2018 | -3.9% | -4.3% | -1.8% | |
| Q3 2018 | -2.4% | -2.8% | +1.9% | |
| Q2 2018 | +0.0% | -0.4% | +1.4% | |
| Q1 2018 | -1.1% | +0.0% | +0.9% | |
| Q4 2017 | -5.7% | -1.3% | +2.6% | |
| Q3 2017 | +0.6% | +1.7% | +1.1% | |
| Q2 2017 | +0.0% | +0.1% | +1.7% | |
| Q1 2017 | -0.5% | -1.3% | +7.2% | |
| Q4 2016 | -0.7% | -1.8% | -0.5% | |
| Q3 2016 | -2.8% | -8.5% | +3.9% | |
| Q2 2016 | +7.6% | +9.9% | +10.2% | |
| Q1 2016 | +4.1% | — | — | |
| Q4 2015 | +3.1% | — | — | |
| Q3 2015 | +5.2% | — | — | |
| Q2 2015 | +10.0% | — | — | |
| Q1 2015 | -5.2% | — | — | |
| Q4 2014 | -1.4% | — | — | |
| Q3 2014 | +0.6% | — | — | |
| Q2 2014 | +0.4% | — | — | |
| Q1 2014 | -1.3% | — | — | |
| Q4 2013 | +0.9% | — | — | |
| Q3 2013 | +1.0% | — | — | |
| Q2 2013 | -3.0% | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2009 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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