Nov 2, 4:05 PM ET
Independence Realty Trust (IRT) reported third quarter 2026 EPS of $0.11, up from $0.03 a year earlier, and same-store NOI growth of 1.6%, while CFFO per share was flat at $0.29. The company lowered its 2026 EPS guidance to $0.18-$0.20 from $0.22-$0.27 but kept its CFFO per share guidance at $1.13-$1.15, so shareholders see improved quarterly profit alongside a lower full-year earnings outlook. The pending Centerspace merger, which is expected to close as early as the end of the fourth quarter of 2026, remains subject to stockholder votes on November 10, 2026.
- Q3 2026 EPS of $0.11 versus $0.03 in Q3 2025; net income available to common shares of $25.1 million
- CFFO per share of $0.29 in both Q3 2026 and Q3 2025; same-store NOI up 1.6%
- 2026 full-year EPS guidance lowered to $0.18-$0.20 from $0.22-$0.27; CFFO per share guidance unchanged at $1.13-$1.15
- Centerspace merger vote scheduled for November 10, 2026; closing expected as early as end of Q4 2026
Read the filing on SEC.gov ↗
Sep 23, 5:00 PM ET
On September 22, 2026, Independence Realty Trust entered into an amendment to its merger agreement with Centerspace, under which IRT elected an alternative structure for the Company Merger, with Centerspace surviving as a wholly owned subsidiary of IRT. The amendment also includes IRT's waiver of any representation inaccuracy caused solely by the structure change, and the filing does not state any change to the consideration or deal value.
- Original Merger Agreement dated September 8, 2026 was amended on September 22, 2026.
- IRT Merger Sub was added to the agreement by joinder, and IRT elected the Alternative Structure for the Company Merger only.
- Under the change, CSR merges with and into IRT Merger Sub, with IRT Merger Sub surviving.
- The transaction remains subject to S-4 and joint proxy filings and votes of CSR and IRT shareholders.
Read the filing on SEC.gov ↗
Sep 9, 6:48 AM ET
Independence Realty Trust (IRT) signed a merger agreement with Centerspace (CSR) on September 8, 2026, in an all-stock deal under which Centerspace holders receive 3.800 IRT shares per share. IRT holders would own about 78% of the combined company and Centerspace holders about 22%, on a fully diluted basis excluding preferred units. The deal requires approval from both companies' shareholders and is expected to close as early as the end of the fourth quarter of 2026.
- Exchange ratio: 3.800 IRT common shares for each Centerspace common share, with about 67.6 million IRT shares and common units to be issued
- Pro forma ownership: IRT holders about 78%, Centerspace holders about 22%; combined enterprise value about $8.1 billion
- IRT expects approximately 5% accretion to 2027 Core FFO per share and about $24 million of annualized synergies
- Closing expected as early as the end of Q4 2026, subject to shareholder approvals and lender consents
Read the filing on SEC.gov ↗
Aug 3, 4:05 PM ET
Independence Realty Trust reported second quarter 2026 results on August 3, 2026. Net income available to common shares fell to $3.4 million from $8.0 million a year earlier, while CFFO was flat at $66.6 million, or $0.28 per share, and same-store NOI rose 1.2%. The company affirmed the midpoint of its full-year 2026 EPS, FFO and CFFO per share guidance.
- Q2 2026 EPS was $0.01 versus $0.03 in Q2 2025; net income available to common shares was $3.4 million versus $8.0 million.
- CFFO was $66.6 million, or $0.28 per share, compared with $66.7 million and $0.28 per share a year earlier.
- Same-store rental and other property revenue rose 0.9% and same-store NOI rose 1.2% in the quarter ended June 30, 2026.
- Full-year 2026 guidance midpoints were affirmed: EPS of $0.22 to $0.27 range, CFFO per share of $1.13 to $1.15.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
