PHILADELPHIA - Independence Realty Trust, Inc. (NYSE: NYSE:IRT), a real estate investment trust focusing on multifamily communities in non-gateway U.S. markets, has declared a quarterly dividend of $0.16 per share. The dividend is payable on April 19, 2024, to shareholders of record as of the close of business on March 29, 2024.
The company's portfolio includes properties in various key submarkets across states such as Georgia, Texas, Colorado, Ohio, Indiana, North Carolina, Oklahoma, Tennessee, and Florida. These locations are strategically chosen for their proximity to major employment centers, good school districts, and high-quality retail offerings, aiming to provide shareholders with attractive risk-adjusted returns through consistent capital appreciation and distributions.
The announcement of the dividend is in line with Independence Realty Trust's operational strategy and reflects its ongoing commitment to delivering value to its stockholders. Still, it is important to note that the declaration of dividends is subject to the discretion of the company's board of directors and may vary based on numerous factors, including the company's financial performance, capital requirements, legal requirements, and other relevant considerations as determined by the board.
Investors should also be aware that this press release contains forward-looking statements, which are based on current management beliefs and expectations. These statements are not guarantees of future performance and are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those projected or implied in the forward-looking statements.
The forward-looking statements in the press release cover a range of topics, including financial flexibility, growth opportunities, and the anticipated benefits from the company's Portfolio Optimization and Deleveraging Strategy and value add program.
Nevertheless, investors are cautioned to consider the risks outlined in the company's filings with the Securities and Exchange Commission, especially the Risk Factors sections, which detail potential factors that could influence the company's financial and operational results.
This dividend announcement is based on a press release statement from Independence Realty Trust, Inc. and does not constitute an endorsement of the company's future performance or dividend policy. Investors are encouraged to conduct their own due diligence when considering investment decisions in the company's stock.
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