Independence Realty Trust Posts $33.3M Q4 Profit, Locks in $350M Term Loan
Independence Realty Trust swung to Q4 net income of $33.3 million ($0.14 per share) as adjusted EBITDA rose to $98.5 million. The REIT posted Q4 Core FFO of $78.9 million ($0.32 per share) and secured a $350 million unsecured term loan maturing in 2030.
1. Q4 Financial Results
Independence Realty Trust reported Q4 net income attributable to common shareholders of $33.3 million, or $0.14 per diluted share, reversing a net loss in the same period last year. Adjusted EBITDA increased to $98.5 million while same-store net operating income rose 1.8%, and Core FFO held steady at $78.9 million, or $0.32 per share.
2. Debt Financing
The company secured a $350 million unsecured term loan that carries maturities in 2030, enhancing its liquidity and extending its debt maturity profile. Proceeds from the facility are intended to support portfolio initiatives and general corporate purposes.
3. 2026 Guidance
For fiscal 2026, Independence Realty Trust forecast adjusted EPS of $0.21–$0.28 and Core FFO per share of $1.12–$1.16, reflecting management’s expectations for stable cash flow generation and modest rent growth across its multifamily portfolio.