Leverage is expected to remain neutral, maintaining a BBB investment-grade balance sheet; net debt plus preferred is projected at 5.8x 4Q 2026E annualized adjusted EBITDA.
The quarterly dividend is expected to remain at $0.18 per share.
Transaction closing is targeted as soon as end of Q4 2026.
Independence Realty Trust outlines all-stock merger with Centerspace
Independence Realty Trust outlined an all-stock merger with Centerspace, targeting about 5% accretion to 2027E core FFO per share.
Annual synergies are expected at about $24 million, including roughly $19 million in corporate-level savings.
The combined REIT is forecast at about $8.1 billion in enterprise value and about $5 billion in equity market cap, with 44,354 units across 163 communities in 17 states.
IRT•
