Independence Realty Trust (IRT) Q2 FFO Match Estimates

Group 1 - Independence Realty Trust (IRT) reported quarterly funds from operations (FFO) of $0.28 per share, matching the Zacks Consensus Estimate and remaining unchanged from the previous year [1] - The company posted revenues of $162.19 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 1.68%, compared to $158.1 million in the same quarter last year [2] - IRT shares have declined approximately 11.7% year-to-date, contrasting with the S&P 500's gain of 8.3% [3] Group 2 - The future performance of IRT's stock will largely depend on management's commentary during the earnings call and the outlook for FFO [3][4] - The current consensus FFO estimate for the upcoming quarter is $0.29 on revenues of $171.38 million, and for the current fiscal year, it is $1.17 on revenues of $673.32 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Residential is in the top 35% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]