- Independence Realty ( NYSE: IRT ) said Thursday that its apartment communities in Tampa and Orlando, Florida did not see any "significant damage" from Hurricane Ian, which is pushing its way up from the state.
- "We will keep our stakeholders abreast of the status of our communities as we assess any residual impact from the hurricane and will provide an update in the event of a material change,” said IRT CEO and Chairman Scott Schaeffer.
- Aside from Florida, the residential REIT owns and operates multifamily apartments in non-gateway U.S. markets such as Atlanta, Georgia, Dallas, Texas, Denver, Colorado and Columbus, Ohio.
- Shares of IRT dipped 3.5% on Thursday in the face of a broad risk-off session.
- Earlier, P&C insurance, reinsurance stocks hold up after Hurricane Ian pummels Florida .
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Independence Realty communities show no 'significant damage' from Hurricane Ian