Independence Realty Trust (IRT) Matches Q3 FFO Estimates

Independence Realty Trust (IRT) came out with quarterly funds from operations (FFO) of $0.29 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.30 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 $0.28, delivering no surprise. Over the last four quarters, the company has not been able to surpass consensus FFO estimates ...