Inventrust Properties Corp
NYSE:IVT

Watchlist Manager
Inventrust Properties Corp Logo
Inventrust Properties Corp
NYSE:IVT
Watchlist
Price: 28.995 USD 0.02% Market Closed
Market Cap: 2.3B USD

Inventrust Properties Corp
Investor Relations

Inventrust Properties Corp. stands as an intriguing player in the realm of real estate investment, marked by its targeted focus on open-air shopping centers primarily located in the Sun Belt states. The company, which has carved out a niche for itself, consolidates its efforts on managing and acquiring retail properties that feature a mix of grocery, lifestyle, and necessity-based tenants. In an era where many retail spaces battle the headwinds of e-commerce, Inventrust has strategically positioned itself by focusing on high-quality, market-dominant properties that are well-tailored to the needs of local communities, offering resilience and growth potential. This nuanced understanding of regional dynamics enables the company to optimize tenant mix and enhance property appeal, ensuring the centers remain vibrant hubs of local activity.

Central to Inventrust's business model is its income generation through a combination of stable rental fees and appreciation of property values, making its profitability closely tied to the performance and desirability of its retail centers. The overarching goal is a symbiotic relationship where success is shared between Inventrust and its tenants. While the grocery-anchor model provides consistent foot traffic, contributing to a reliable income stream, Inventrust also capitalizes on strategically enhancing its property portfolio, often reinvesting proceeds to further develop or acquire new assets. This strategic approach helps Inventrust maintain a solid financial footing and offers potential for growth in shareholder value, providing a compelling narrative of a company that not only adapts but thrives in a world where retail is being continuously redefined.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 29, 2025
AI Summary
Q3 2025

Strong Quarter: InvenTrust reported robust results, highlighted by over 6% growth in same-property NOI and continued leasing momentum.

FFO Growth: NAREIT FFO per share rose 8.9% year-over-year, with core FFO per share up 6.8% for the quarter.

Raised Guidance: Management increased full-year guidance for same-property NOI growth, NAREIT FFO, and core FFO per share.

High Occupancy: Portfolio occupancy remains strong at 97.2%, with anchor space at 99.3% and small shop occupancy at a portfolio high of 93.8%.

Capital Deployment: Proceeds from California asset sales were redeployed into Sunbelt markets, and $250 million in acquisitions were completed this quarter.

Financial Strength: Liquidity stands at $571 million, net leverage remains low at 4x EBITDA, and an annualized dividend of $0.95 per share was declared.

Sunbelt Focus: Management remains confident in the Sunbelt's demographic and economic trends, despite some consumer sentiment softness.

Key Financials
Same-Property NOI
$44.3 million
Year-to-Date Same-Property NOI
$128.3 million
NAREIT FFO
$38.4 million
NAREIT FFO per Share
$0.49
Core FFO per Share
$0.47
Year-to-Date NAREIT FFO
$111.1 million
Year-to-Date NAREIT FFO per Share
$1.42
Year-to-Date Core FFO per Share
$1.37
Dividend
$0.95 per share (annualized)
Liquidity
$571 million
Cash
$71 million
Revolving Credit Facility Availability
$500 million
Weighted Average Interest Rate
3.98%
Net Leverage Ratio
24%
Net Debt to Adjusted EBITDA
4x
Total Lease Occupancy
97.2%
Small Shop Lease Occupancy
93.8%
Anchor Space Occupancy
99.3%
Retention Rate YTD
82%
Retention Rate Excluding Redevelopment
89%
Blended Leasing Spread
11.5%
New Lease Spread
25.6%
Renewal Lease Spread
10.4%
Annual Rent Escalators (Renewals)
Over 90% include 3% or more
Acquisitions Completed in Quarter
$250 million
Net Investment Guidance
$49.6 million to $158.6 million
Bad Debt Reserve Guidance
55 to 75 basis points of total revenue
Earnings Call Recording
Other Earnings Calls

Management

Mr. Daniel Joseph Busch
CEO, President & Director
No Bio Available
Mr. Michael Douglas Phillips CPA
Executive VP, CFO & Treasurer
No Bio Available
Ms. Christy L. David J.D.
COO, Executive VP, General Counsel & Corporate Secretary
No Bio Available
Mr. David Heimberger
Senior VP & Chief Investment Officer
No Bio Available
Mr. David Bryson CPA
Senior VP, Chief Accounting Officer & Controller
No Bio Available
Mr. James Puzon
Senior Vice President of Corporate Finance & Portfolio Management
No Bio Available
Mr. Dan Lombardo
Vice President of Investor Relations
No Bio Available
Ms. Lauren Suva
Senior VP & Chief Talent Officer
No Bio Available
Mr. Matt Hagan
Senior Vice President of Asset Strategy
No Bio Available

Contacts

Address
ILLINOIS
Downers Grove
3025 Highland Pkwy Ste 350
Contacts