Independence Realty Trust Announces First Quarterly Dividend
March 13 2018 - 4:45PM
Business Wire
Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today
announced that IRT’s board of directors has declared a quarterly
dividend of $0.18 per share of IRT common stock, payable on April
20, 2018 to stockholders of record April 4, 2018.
This inaugural quarterly distribution completes IRT’s previously
announced transition to a quarterly distribution of cash
dividends.
About Independence Realty Trust, Inc.
Independence Realty Trust (NYSE: IRT) is a real estate
investment trust that owns and operates 55 multifamily apartment
properties, totaling 15,045 units, across non-gateway U.S. markets,
including Atlanta, Louisville, Memphis, and Raleigh. IRT’s
investment strategy is focused on gaining scale within key amenity
rich submarkets that offer good school districts, high-quality
retail and major employment centers. IRT aims to provide
stockholders attractive risk-adjusted returns through diligent
portfolio management, strong operational performance, and a
consistent return of capital through distributions and capital
appreciation.
Forward-Looking Statements
This press release may contain certain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Such forward-looking statements can generally
be identified by our use of forward-looking terminology such as
“will,” “strategy,” “expects,” “seeks,” “believes,” “potential,” or
other similar words. Because such statements include risks,
uncertainties and contingencies, actual results may differ
materially from the expectations, intentions, beliefs, plans or
predictions of the future expressed or implied by such
forward-looking statements. These forward-looking statements are
based upon the current beliefs and expectations of IRT’s management
and are inherently subject to significant business, economic and
competitive uncertainties and contingencies, many of which are
difficult to predict and generally not within IRT’s control. In
addition, these forward-looking statements are subject to
assumptions with respect to future business strategies and
decisions that are subject to change. These risks, uncertainties
and contingencies include, but are not limited to, those disclosed
in IRT’s filings with the Securities and Exchange Commission. IRT
undertakes no obligation to update these forward-looking statements
to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events, except as may be
required by law.
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Independence Realty Trust, Inc.Edelman Financial
Communications & Capital MarketsTed McHugh and Lauren Tarola,
212-277-4322IRT@edelman.com
Independence Realty (NYSE:IRT)
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