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AI brief of an SEC Form 8-K · Independence Realty Trust (IRT)

IRT Swings to 2024 Net Income of $39.3 Million and Sets 2025 EPS Guidance of $0.19-$0.22

Mixed Impact 3 of 5 earnings Written later

Independence Realty Trust reported net income available to common shares of $39.3 million for 2024, compared with a loss of $17.2 million in 2023, and CFFO per share of $1.16, up from $1.15. Fourth-quarter rental and other property revenue fell to $160.6 million from $166.7 million a year earlier, and full-year Adjusted EBITDA declined to $350.3 million from $366.8 million. The company also introduced 2025 guidance of $0.19 to $0.22 in diluted EPS and $1.16 to $1.19 in CFFO per share.

Key points

  • Full-year 2024 diluted EPS of $0.17, versus a loss of $0.08 per diluted share in 2023
  • Fourth-quarter 2024 net loss available to common shares of $1.0 million, compared with $40.5 million a year earlier
  • Same-store NOI rose 3.2% for full-year 2024, and the company said CFFO per share was at the high end of its guidance
  • 2025 guidance: diluted EPS of $0.19 to $0.22, CFFO per share of $1.16 to $1.19, and same-store NOI growth of 0.8% to 3.3%

The filing

CompanyIndependence Realty Trust (IRT)
Form8-K, current report
Filed with the SECFeb 12, 2025, 4:05 PM ET
Accession number0001466085-25-000019

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 12, 2025.

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.