NYSE$IRT

Independence Realty Trust Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Announced fourth quarter and full year 2020 financial results and introduced full year 2021 guidance.

Independence Realty Trust reported a net income available to common shares of $13.3 million for Q4 2020, with Core Funds from Operations (CFFO) at $20.8 million, or $0.22 per share, and Adjusted EBITDA of $28.5 million.

  • Net income available to common shares was $13.3 million.
  • Same store net operating income (NOI) grew by 4.4%.
  • Core Funds from Operations (CFFO) reached $20.8 million, with CFFO per share at $0.22.
  • Adjusted EBITDA amounted to $28.5 million.

Headline financials

Total Revenue

$53.9M

Previous: $51.3M+5.2%
EPS (adj)

$0.22

Previous: $0.20+10.0%
Portfolio Average Occupancy

94.9%

Previous: 92.6%+2.5%
NOI Margin

62.3%

Previous: 63.5%-1.9%
Capital Expenditures

$15K

Previous: $56K-73.2%
Free Cash Flow

$14.4M

Previous: $15.6M-7.8%
Net Income

$13.4M

Previous: $23.8M-43.8%
Gross Profit

$31.8M

Previous: $30.4M+4.4%
Cash & Equivalents

$8.75M

Previous: $9.89M-11.5%
Total Assets

$1.73B

Previous: $1.66B+4.3%
Stock-Based Comp

$803K

Previous: $716K+12.2%

Revenue & EPS history

Independence Realty Trust · Revenue · Quarterly

$53.9M

Q4 2020+5.2%vs Q4 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

IRT introduced 2021 full year guidance with EPS per diluted share projected to be in the range of $0.04 to $0.08 and CFFO per share allocated to common shareholders projected to be in the range of $0.78 to $0.82.

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 Q4 2020

Historical avgQ4 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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