Independence Realty Trust Q4 2023 FFO $0.30, Inline, Sales $166.73M Inline
Portfolio Pulse from Benzinga Newsdesk
Independence Realty Trust (IRT) reported Q4 2023 earnings of $0.30 per share, meeting analyst consensus estimates. Quarterly sales were $166.73 million, also in line with estimates, marking a 2.61% increase from the same period last year.
February 14, 2024 | 9:18 pm
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Independence Realty Trust reported Q4 2023 earnings of $0.30 per share and sales of $166.73 million, both in line with analyst estimates and showing a 2.61% YOY growth.
Meeting analyst estimates typically stabilizes or positively influences a stock's price in the short term. The reported year-over-year growth in sales further strengthens the positive outlook for IRT, suggesting a potential increase in investor confidence and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100