INDEPENDENCE REALTY TRUST, INC.

Independence Realty Trust (IRT) and Centerspace (CSR) announced a definitive merger agreement to combine in an $8.1 billion all-stock transaction. The merger will create a leading middle-market multifamily REIT with a pro forma equity market capitalization of approximately $5.0 billion and an enterprise value of approximately $8.1 billion, encompassing over 44,000 apartment units. The transaction is expected to be accretive to 2027 Core FFO per share by approximately 5% and generate approximately $24 million in annualized synergies. Centerspace shareholders will receive 3.800 shares of IRT common stock for each share of Centerspace common stock, with IRT stockholders owning approximately 78% and Centerspace shareholders owning approximately 22% of the combined entity.

Independence Realty Trust announced its second quarter 2026 financial results, reporting EPS of $0.01 and CFFO per share of $0.28, which was ahead of expectations. The company achieved a same-store portfolio Net Operating Income (NOI) growth of 1.2%, driven by a 0.9% increase in rental revenues. Operational highlights include the completion of 600 Value Add Program renovations with an average ROI of 16.4%, and a 5.9% increase in the quarterly dividend to $0.18 per share. Fitch Ratings also upgraded the company's outlook to 'Positive', and full-year 2026 Core FFO per share guidance was affirmed.

Independence Realty Trust, Inc. and its Operating Partnership terminated their Equity Distribution Agreement, dated July 28, 2023, which allowed for the sale of common stock up to $450,000,000. The termination was effective June 12, 2026, and was prompted by the expiration of a prior automatic shelf registration statement, which has been replaced by a new one. The company incurred no termination penalties.

Independence Realty Trust, Inc. (IRT) has released a slide presentation to be used in investor presentations starting June 1, 2026. The presentation and related information are furnished and not considered filed under Section 18 of the Securities Exchange Act of 1934. It will not be incorporated by reference into any registration statement or other document under the Securities Act of 1933.

Independence Realty Trust, Inc. announced that it will begin using a new slide presentation for various investor presentations starting May 4, 2026. This presentation is attached as Exhibit 99.1 to the Current Report on Form 8-K and is being furnished under Regulation FD Disclosure.

INDEPENDENCE REALTY TRUST, INC. reported a net loss allocable to common shares of $(68) thousand for the first quarter of 2026, a significant decline from a net income of $8.35 million in the prior year's quarter. This occurred despite a 2.5% increase in total revenue to $165.3 million. The company also saw increased operating and interest expenses, a shift to negative cash flow from investing activities, and initiated common stock repurchases totaling $29.9 million. A quarterly dividend of $0.17 per share was declared, an increase from $0.16 per share in Q1 2025.