Independence Realty Trust Q2 2024 Core FFO $0.28, Inline, Sales $158.104M Miss $161.238M Estimate
Portfolio Pulse from Benzinga Newsdesk
Independence Realty Trust (NYSE:IRT) reported Q2 2024 Core FFO of $0.28 per share, meeting analyst expectations. However, the company missed sales estimates, reporting $158.104 million against the expected $161.238 million, a 1.94% shortfall and a 3.36% decrease from the same period last year.
July 31, 2024 | 8:11 pm
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Independence Realty Trust reported Q2 2024 Core FFO of $0.28 per share, meeting expectations, but missed sales estimates with $158.104 million, a 3.36% decrease from last year.
While the Core FFO met expectations, the miss on sales and the year-over-year decline in revenue are likely to negatively impact the stock price in the short term.
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RELEVANCE 100