Independence Realty Trust, Inc. Provides Earnings Guidance for the Full Year of 2017
January 12, 2017 at 09:39 pm
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Independence Realty Trust, Inc. provided earnings guidance for the full year of 2017. For the full year of 2017, the company expects EPS per diluted share to be in a range of $0.40-$0.44 and CFFO per diluted share to be in the range of $0.72-$0.76. Property revenue growth in the range of 3.5% to 4.5%, general and administrative expenses (excluding stock based compensation) in the range of $7.0 to $8.0 million, recurring capital expenditures in the range of $6.0 to $7.0 million and value add capital expenditures in the range of $5.0 to $6.0 million.
Independence Realty Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Companyâs investment strategy is focused on gaining scale near major employment centers within submarkets that offer good school districts and retail. The Company acquires, owns, operates, improves, and manages multifamily apartment communities across non-gateway United States markets. The Company owns and operates approximately 113 multifamily apartment properties across non-gateway United States markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa, Florida. The Companyâs portfolio of properties consists primarily of apartment communities geographically concentrated in the Southeastern and Midwest United States. The Company owns all of its assets and conducts all its operations through Independence Realty Operating Partnership, LP (IROP).
INDEPENDENCE REALTY TRUST, INC. 
