IRT forecasts about 5% 2027 core FFO per-share accretion from Centerspace merger
Reuters2026/09/09 10:22- Independence Realty Trust outlined an all-stock merger with Centerspace, targeting about 5% accretion to 2027E core FFO per share.
- Annual synergies expected at about $24 million, including roughly $19 million corporate-level savings.
- Combined REIT forecast at about $8.1 billion enterprise value, about $5 billion equity market cap, 44,354 units across 163 communities in 17 states.
- Leverage expected to stay neutral, maintaining a BBB investment-grade balance sheet; net debt plus preferred projected at 5.8x 4Q 2026E annualized adjusted EBITDA.
- Quarterly dividend expected to remain at $0.18 per share; transaction closing targeted as soon as end of Q4 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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