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Independence Realty Trust Inc (IRT.N)

IRT.N on New York Stock Exchange

9.35USD
19 Jan 2018
Change (% chg)

$0.01 (+0.11%)
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Latest Key Developments (Source: Significant Developments)

Independence Realty Trust obtains $100 mln term loan
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Independence Realty Trust Inc :Independence Realty Trust obtains $100 million term loan.Independence Realty Trust Inc - entered into a seven-year, $100 million unsecured term loan that will reach maturity in November 2024​.Independence Realty Trust - ‍proceeds will reduce borrowings currently outstanding under revolving portion of $300 million unsecured credit facility​.Independence Realty Trust Inc - ‍agreement increases capacity on current line of credit​.  Full Article

Independence realty trust says offering 25 mln common shares
Tuesday, 27 Sep 2016 

Independence Realty Trust Inc : Says offering 25.0 million common shares . Announces public offering of common stock . Intends to use net proceeds from offering to repay in full company's $40.0 million senior secured term loan facility . Also intends to use net proceeds from offering to pay $43.0 million for previously-announced internalization of co's management .Any remaining proceeds will be used to repay outstanding borrowings under co's $325 million senior secured credit facility.  Full Article

Independence Realty Trust Q2 earnings per share $0.61
Wednesday, 3 Aug 2016 

Independence Realty Trust Inc : Independence realty trust announces second quarter 2016 financial results . Q2 earnings per share $0.61 . Q2 core FFO per share $0.22 . Q2 earnings per share view $0.27 -- Thomson Reuters I/B/E/S . Eps now projected to be in a range of $0.54-$0.58 for 2016 . Sees 2016 cffo per share in range of $0.84-$0.88 per common share .Sees 2016 cffo per share projected to be in range of $0.84-$0.88 per common share.  Full Article

Independence Realty Trust announces new $40 mln senior term loan facility
Monday, 27 Jun 2016 

Independence Realty Trust Inc : Independence Realty Trust announces new $40 million senior term loan facility .Entered into new $40 million senior term loan facility administered by Keybank which matures in September of 2018.  Full Article

Independence Realty Trust, Inc sells 162 unit apartment property
Friday, 8 Apr 2016 

Independence Realty Trust, Inc:Sells 162 unit apartment property in Denver, Colorado for $23.0 million.Says irt will utilize the net cash proceeds to reduce its outstanding indebtedness.Received net cash proceeds of about $11.6 million, after transaction costs, full repayment of debt underlying the property.Expects to recognize a gain of about $13.0 million associated with sale in quarter ending June 30, 2016.  Full Article

Independence Realty Trust Sells 222 Unit Apartment Property in Atlanta, Georgia for $18.0 Million
Thursday, 18 Feb 2016 

Independence Realty Trust, Inc:Says that on February 18, 2016 IRT sold a 222 unit apartment property located in Atlanta, Georgia for $18.0 million.IRT received net cash proceeds of approximately $10.0 million, after transaction costs and full repayment of the debt underlying the property.IRT will utilize the net cash proceeds to reduce its outstanding indebtedness.IRT expects to recognize a gain of approximately $2.4 million associated with the sale in the quarter ending March 31, 2016.  Full Article

BRIEF-Independence Realty Trust obtains $100 mln term loan

* Independence Realty Trust Inc - entered into a seven-year, $100 million unsecured term loan that will reach maturity in November 2024​