Independence Realty Trust Q2 FY26 EPS drops to $0.01; revenue rises 3.2% to $167.13 million
IRT•Quarterly results
- Independence Realty Trust posted Q2 2026 net income available to common shares of $3.39 million; EPS fell to $0.01 from $0.03 a year earlier.
- Adjusted EBITDA rose 3.08% to $90.25 million; core funds from operations were $66.64 million, unchanged at $0.28 per share year over year.
- Same-store NOI increased 1.2%, reflecting a 0.9% rise in rental and other property revenue to $167.13 million.
Dividend, outlook and operating update
- The board lifted the quarterly dividend 5.9% to $0.18 per share; Fitch upgraded the outlook on its investment-grade rating to Positive.
- Scott Schaeffer said lead volume rose meaningfully as market conditions improved; the REIT affirmed the midpoint of full-year 2026 core FFO guidance.
