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Independence Realty Trust (NYSE:IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets.
It will report its Q1 2025 earnings on April 23. Wall Street analysts expect the company to post EPS of $0.29, up from $0.27 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $165.07 million, up from $160.33 million a year earlier.
The 52-week range of Independence Realty Trust stock price was $15.23 to $22.13.
Independence Realty Trust's dividend yield is 3.06%. It paid $0.64 per share in dividends during the last 12 months.
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The Latest On Independence Realty Trust
On Feb. 12, the company announced its Q4 2024 earnings, posting core FFO of $0.32, in line with expectations, and revenues of $160.62 million, missing the consensus estimate of $163.40 million, as reported by Benzinga.
"Looking ahead to 2025, we believe we are well-positioned to grow CFFO as we capitalize on rebounding market fundamentals to create value for shareholders," said CEO Scott Schaeffer.
For full-year 2025, the company expects earnings per diluted share in the range of $0.19 to $0.22. CFFO per share is expected to be between $1.16 and $1.19.
Check out this article by Benzinga for four analysts' insights on Independence Realty Trust.
Trending: Many don’t know there are tax benefits when buying a unit as an investment — Here’s how to invest in real estate by mirroring BlackRock's big move
How Can You Earn $100 Per Month As An Independence Realty Trust Investor?
If you want to make $100 per month — $1,200 annually — from Independence Realty Trust dividends, your investment value needs to be approximately $39,216, which is around 1,873 shares at $20.94 each.
Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (3.06% in this case). So, $1,200 / 0.0306 = $39,216 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.