INDEPENDENCE REALTY TRUST, INC. Item 2.02 Results of Operations and Financial Condition.
The information provided in Item 7.01 below is incorporated by reference into this Item 2.02.
Item 7.01 Regulation FD Disclosure.
The slide presentation attached hereto as Exhibit 99.1, and incorporated herein
by reference, may be used by
The information in this Current Report, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
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Forward-Looking Statements
This presentation contains certain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such forward-looking statements can
generally be identified by our use of forward-looking terminology such as
"will," "strategy," "expects," "seeks," "believes," "potential," or other
similar words. These forward-looking statements include, without limitation, our
expectations with respect to our operating performance and financial results,
timing and amount of future dividends, timing and terms of property
acquisitions, dispositions, joint ventures, developments and redevelopments and
other capital expenditures, timing and terms of capital raising and other
financing activity, lease pricing, revenue and expense growth, occupancy levels,
supply levels, job growth, interest rates and other economic expectations, and
anticipated benefits of our recently completed merger with Steadfast Apartment
REIT, Inc. ("STAR"). Such forward-looking statements involve risks,
uncertainties, estimates and assumptions and our actual results may differ
materially from the expectations, intentions, beliefs, plans or predictions of
the future expressed or implied by such forward-looking statements. These
forward-looking statements are based upon the current beliefs and expectations
of our management and are inherently subject to significant business, economic
and competitive uncertainties and contingencies, many of which are difficult to
predict and not within our control. In addition, these forward-looking
statements are subject to assumptions with respect to future business strategies
and decisions that are subject to change. Risks and uncertainties that might
cause our future actual results and/or future dividends to differ materially
from those expressed or implied by forward-looking statements include, but are
not limited to: risks related to the impact of COVID-19 and other potential
future outbreaks of infectious diseases on our financial condition, results of
operations, cash flows and performance and those of our residents as well as on
the economy and real estate and financial markets; the nature and duration of
measures taken or that may be taken by federal, state and local government
authorities to combat the spread of disease; changes in market demand for rental
apartment homes and pricing pressures, including from competitors, that could
limit our ability to lease units or increase rents or that could lead to
declines in occupancy and rent levels; uncertainty and volatility in capital and
credit markets, including changes that reduce availability, and increase costs,
of capital; inability of tenants to meet their rent and other lease obligations
and charge-offs in excess of our allowance for bad debt; legislative
restrictions that may delay or limit collections of past due rents; risks
endemic to real estate and the real estate industry generally; impairment
charges; the effects of natural and other disasters; delays in completing, and
cost overruns incurred in connection with, our value add initiatives and failure
to achieve projected rent increases and occupancy levels on account of the
initiatives; failure to realize the cost savings, synergies and other benefits
expected to result from the merger with STAR; unexpected costs or delays in
integration of the IRT and STAR businesses; unexpected costs of REIT
qualification compliance; unexpected changes in our intention or ability to
repay certain debt prior to maturity; inability to sell certain assets within
the time frames or at the pricing levels expected; costs and disruptions as the
result of a cybersecurity incident or other technology disruption; and share
price fluctuations. Please refer to the documents filed by us with the
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looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as may be required by law. In addition, the declaration of dividends on our common stock is subject to the discretion of our Board of Directors and depends upon a broad range of factors, including our results of operations, financial condition, capital requirements, the annual distribution requirements under the REIT provisions of the Internal Revenue Code of 1986, as amended, applicable legal requirements and such other factors as our Board of Directors may from time to time deem relevant.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. 99.1 Slide Presentation 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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