Company Website:
http://investors.irtliving.com/
PHILADELPHIA -- (Business Wire)
Independence Realty Trust, Inc. (“IRT”) (NYSE:IRT) announced that today
IRT’s board of directors declared a quarterly dividend of $0.18 per
share of IRT common stock, payable on January 24, 2019 to stockholders
of record December 27, 2018.
About Independence Realty Trust, Inc.
Independence Realty Trust (NYSE: IRT) is a real estate investment trust
that currently owns and operates 59 multifamily apartment properties,
totaling 16,120 units, across non-gateway U.S. markets, including
Atlanta, Louisville, Memphis, and Raleigh. IRT’s investment strategy is
focused on gaining scale within key amenity rich submarkets that offer
good school districts, high-quality retail and major employment centers.
IRT aims to provide stockholders attractive risk-adjusted returns
through diligent portfolio management, strong operational performance,
and a consistent return of capital through distributions and capital
appreciation.
Forward-Looking Statements
This press release contains certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements can generally be identified by our use of
forward-looking terminology such as “may,” “will,” “expect,” “intend,”
“anticipate,” “estimate,” “believe,” “seek,” “outlook,” “assumption,”
“projected,” “strategy”, “guidance” or other, similar words. Because
such forward-looking statements involve significant risks, uncertainties
and contingencies, many of which are not within IRT’s control, actual
results may differ materially from the expectations, intentions,
beliefs, plans or predictions of the future expressed or implied by such
statements. These forward-looking statements are based upon the current
judgements and expectations of IRT’s management. Risks and uncertainties
that might cause IRT’s actual results to differ materially from those
expressed or implied by forward-looking statements include, but are not
limited to: adverse changes in national, regional and local economic
climates; changes in market demand for rental apartment homes and
pricing pressures from competitors that could limit our ability to lease
units or increase rents; competition that could adversely affect our
ability to acquire additional properties; volatility in capital and
credit markets, including changes that reduce availability, and increase
costs, of capital; unexpected changes in the assumptions underlying our
2018 EPS, CFFO and same store NOI growth guidance; delays in completing,
and cost overruns incurred in connection with, the value add initiatives
and failure to achieve projected rent increases and occupancy levels on
account of the initiatives; risks associated with pursuit of strategic
acquisitions, including risks associated with the need to raise
additional capital to fund the acquisitions and failure of acquisitions
to produce expected returns; unexpected costs of REIT qualification
compliance; costs and disruptions as the result of a cybersecurity
incident or other technology disruption; and share price fluctuations.
Additional risks and uncertainties that could cause our actual results
to differ materially from those expressed or implied by the
forward-looking statements in this press release are discussed in IRT’s
filings with the Securities and Exchange Commission (“SEC”), including
those under the heading “Risk Factors” in IRT’s most recently filed
Annual Report on Form 10-K. Dividends are subject to the discretion of
IRT’s Board of Directors, and will depend on IRT’s financial condition,
results of operations, capital requirements, compliance with applicable
laws and agreements and any other factors deemed relevant by IRT’s
Board. IRT undertakes no obligation to update these forward-looking
statements to reflect events or circumstances after the date hereof or
to reflect the occurrence of unanticipated events, except as may be
required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181213005902/en/
Contacts:
Independence Realty Trust, Inc.
Edelman Financial
Communications & Capital Markets
Ted McHugh and Lauren Tarola
212-277-4322
IRT@edelman.com
Source: Independence Realty Trust, Inc.
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