Independence Realty Trust Announces Fourth Quarter Monthly Cash Dividends on its Common Stock and transition
to Quarterly Cash Dividends in 2018
Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that, on October 12, 2017, IRT’s Board of Directors declared
monthly cash dividends for the fourth quarter of 2017 on IRT’s shares of common stock in the amount of $0.06 per share per month.
The monthly dividends total $0.18 per share for the fourth quarter. The month for which each dividend was declared is set forth
below, with the relevant amount per share, record date and payment date set forth opposite the month:
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Month
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Amount
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Record Date
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Payment Date
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| October 2017 |
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$0.06 |
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10/31/2017 |
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11/15/2017 |
| November 2017 |
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$0.06 |
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11/30/2017 |
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12/15/2017 |
| December 2017 |
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$0.06 |
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12/29/2017 |
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01/15/2018 |
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Additionally, IRT will be transitioning to a quarterly distribution of cash dividends, effective the first quarter of 2018.
About Independence Realty Trust, Inc.
Independence Realty Trust (NYSE: IRT) is a real estate investment trust. Upon completion of the previously announced nine
community portfolio acquisition, IRT will own and operate 55 multifamily apartment properties, totaling 15,165 units, across
non-gateway U.S. markets, including Louisville, Memphis, Atlanta 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.
Corporate Headquarters
Two Liberty Place
50 S. 16th Street, Suite 3575
Philadelphia, PA 19102
267-270-4800
Independence Realty Trust, Inc.
Edelman Financial Communications & Capital Markets
Ted McHugh and Lauren Tarola, 212-277-4322
IRT@edelman.com
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