Independence Realty Trust, Inc. (NYSE MKT: IRT) ("IRT") today reported that, on Jan. 14, 2016, IRT's Board of Directors announced month-to-month money profits for the first quarter of 2016 on IRT's shares of regular stock in the measure of $0.06 per offer every month. The month-to-month profits all out $0.18 per offer for the first quarter. The month for which every profit was proclaimed is put forward underneath, with the applicable sum per offer, record date and installment date put forward inverse the month.
Independence Realty Trust (NYSE MKT: IRT) is a land speculation assume that looks to claim very much found flat properties in geographic submarkets that it accepts support solid inhabitance and the potential for development in rental rates. IRT tries to furnish stockholders with appealing danger balanced returns, with an accentuation on disseminations and capital appreciation. IRT is instructed by a completely claimed auxiliary with respect to RAIT Financial Trust.
Independence Realty Trust (IRT) claims lofts in territories where administration thinks there are solid demographic and vocation patterns with constrained new supply coming into the commercial center. Not long ago it procured Trade Street Residential and now has 50 properties speaking to 14,044 condo in 24 markets.
IRT has been offering properties in zones that it feels are not center markets and has been utilizing the money to diminish influence. Most as of late, it sold a 320-unit loft property situated in Tucson, Arizona, for $33.6 million. It is hoping to offer different properties in moves that ought to bring about $50 million of net money advancing onto the asset report.
The stock is offering at around 70 percent of book worth, and CEO Scott Schaefer as of late remarked on the undervaluation. On the last profit call, he told financial specialists, "We keep on accepting there is an outright disengage between our present cost of our shares in respect to the quality and execution of our portfolio.
