Earnings Releases·Nov 2, 2026, 4:05 PM ET

Independence Realty Trust — Third Quarter 2026 Earnings Summary

Net income available to common shares rose to $25.1 million from $6.9 million year-over-year, while EPS increased to $0.11 from $0.03; Core FFO per share remained flat at $0.29, and same-store NOI grew 1.6%.
Full-year 2026 EPS guidance was lowered to a midpoint of $0.18 (from $0.25) and FFO per share to $1.13 (from $1.17), though Same-Store NOI and Property revenue growth guidance ranges were tightened upward.
Acquisition volume guidance for 2026 was raised to $266 million from $145 million, and the merger with Centerspace is expected to close by the end of Q4 2026, creating an $8 billion enterprise value REIT.
The company sold Stonebridge Crossing for $55.8 million (generating a ~$26.5 million gain) and acquired full ownership of The Mustang property, while maintaining a 94.9% portfolio occupancy and $491.6 million in liquidity.