Independence Realty Trust (IRT) Q2 FFO Meet Estimates

Independence Realty Trust (IRT) came out with quarterly funds from operations (FFO) of $0.28 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.28 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.28 per share when it actually produced FFO of $0.27, delivering a surprise of -3.57%. Over the last four quarters, the company has surpassed consensus FFO estimates just ...