Independence Realty Trust Announces Third Quarter 2026 Financial Results
Business Wire•02/11/2026•16:05 ET
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Key Highlights
- ➤Q3 EPS $0.11, up from $0.03 year over year
- ➤Same-store portfolio NOI grew 1.6% year over year
- ➤Centerspace merger targets $8 billion enterprise value and approximately 44,400 units
- ➤Centerspace transaction expected 5% accretive to CFFO on $24 million synergies
- ➤2026 CFFO per share guidance reaffirmed at $1.13-$1.15
Expert Statements
Scott Schaeffer, Chairman and Chief Executive Officer of Independence Realty Trust
“We are pleased with our solid third quarter results, with same-store NOI growth of 1.6% and Core FFO per share of $0.29. Leasing momentum continued to build during the quarter. New lease trade-outs improved 310 basis points year over year, driving blended rent growth of 2.8%, while average occupancy held steady at 95.0% and resident retention remained healthy at 60.5%. We believe IRT is well positioned for stronger growth in 2027 as concessions burn off, our Wi-Fi program continues to ramp, and supply-demand fundamentals improve. We are also making meaningful progress on integration planning for our pending merger with Centerspace, which we believe will only build on our strength.”
Independence Realty Trust Announces Third Quarter 2026 Financial Results
Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, announces its third quarter 2026 financial results.
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