Independence Realty Trust Increases First Quarter Monthly Cash Dividends On Its Common Stock

Independence Realty Trust, Inc. (NYSE MKT: IRT) (“IRT”) today announced that, on January 15, 2014, IRT’s Board of Directors declared monthly cash dividends for the first quarter of 2014 on IRT’s shares of common stock in the amount of $0.06 per share per month, a 12.5% increase from the prior monthly dividend rate. The monthly dividends total $0.18 per share for the first 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:
     

Month

Amount

Record Date

Payment Date
January 2014 $0.06 01/31/2014 02/17/2014
February 2014 $0.06 02/28/2014 03/17/2014
March 2014 $0.06 03/31/2014 04/15/2014
 

About Independence Realty Trust, Inc.

Independence Realty Trust, Inc. (NYSE MKT: IRT) is a real estate investment trust that seeks to own well-located apartment properties in geographic submarkets that it believes support strong occupancy and the potential for growth in rental rates. IRT seeks to provide stockholders with attractive risk-adjusted returns, with an emphasis on distributions and capital appreciation. IRT is externally advised by a wholly-owned subsidiary of RAIT Financial Trust (NYSE: RAS).

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