đź’¨ Abstract
Independence Realty Trust Inc., a Philadelphia-based real estate investment trust, reported its first quarter funds from operations at $64.2 million, or 27 cents per share. This measure, widely monitored in the REIT industry, includes net income plus depreciation and amortization. The company reported net income of $8.4 million, or 4 cents per share, and revenue of $160.9 million.
Courtesy: wtop.com
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