Independence Realty Trust (IRT) Matches Q4 FFO Estimates

分组1 - Independence Realty Trust (IRT) reported quarterly funds from operations (FFO) of $0.32 per share, matching the Zacks Consensus Estimate and showing an increase from $0.30 per share a year ago [1] - The company posted revenues of $160.96 million for the quarter ended December 2024, which was 3.38% below the Zacks Consensus Estimate and a decrease from $167.05 million year-over-year [2] - The current consensus FFO estimate for the upcoming quarter is $0.28 on revenues of $167.6 million, and for the current fiscal year, it is $1.20 on revenues of $692.82 million [7] 分组2 - The stock has underperformed the market with a gain of about 1.7% since the beginning of the year, compared to the S&P 500's gain of 3.2% [3] - The estimate revisions trend for Independence Realty Trust is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The REIT and Equity Trust - Residential industry is ranked in the bottom 23% of over 250 Zacks industries, suggesting that the outlook for the industry can significantly impact stock performance [8]