Anne Chen's questions to Independence Realty Trust Inc (IRT) leadership • Q4 2024
Question
Anne Chen asked for the NOI margin benefit from adding properties in subscale markets and requested a regional breakout of the 2025 same-store revenue growth guidance.
Answer
CFO James Sebra stated that while scale benefits from better contracts do improve NOI, he did not have a specific margin percentage available. He then provided the revenue growth forecast breakout: 3.4% for the Midwest, 2.2% for the Sunbelt, and 2.2% for the West (Denver).