PHILADELPHIA, January 27, 2023--Independence Realty Trust, Inc. ("IRT") (NYSE: IRT) today announced the tax reporting information for the 2022 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:
The average real estate investment trust (REIT) shed a quarter of its value as rising interest rates weighed on valuations. One sector in particular that stands out is residential REITs focused on the fast-growing Sun Belt region, led by Camden Property Trust (NYSE: CPT), MAA (NYSE: MAA), and Independence Realty Trust (NYSE: IRT).
Comerica Incorporated (CMA) delivered earnings and revenue surprises of 0.78% and 1.29%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?