Independence Realty Shares Plummet After Disappointing Earnings Report
Shares of Independence Realty Trust experienced a significant decline following the release of their third-quarter 2025 financial results, which fell short of investor expectations.
Financial Performance Deteriorates
The company reported substantial declines in profitability during the July-September period, with earnings per share plummeting to $0.03, a 40% decrease from $0.05 per share in the same quarter last year.
- Net income available to common shareholders dropped from $12.4 million to $6.9 million year-over-year.
- Core funds from operations remained stable at $0.29 per share.
- Revenue of $166.9 million failed to meet analyst projections of $168.4 million.
No direct quotes were provided in the report.
Author's summary: Independence Realty Trust shares decline after disappointing Q3 2025 earnings.
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