An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
InvenTrust Properties Corp. Announces Inaugural Investment Grade Credit Rating From Fitch Ratings, Inc.
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
InvenTrust Properties Corp. (NYSE: IVT) has received its inaugural Long-Term Issuer Default Rating of ‘BBB-’ with a stable outlook from Fitch Ratings. This rating was attributed to InvenTrust's conservative balance sheet, strong tenant diversification, and its focus on grocery-anchored assets primarily in the Sun Belt region. CEO DJ Busch highlighted that this investment-grade rating enhances access to capital and supports future growth initiatives. As of December 31, 2021, InvenTrust managed 62 retail properties, totaling 9.5 million square feet.
Positive
Assigned Long-Term Issuer Default Rating of 'BBB-' with a stable outlook by Fitch.
Strong tenant diversification and focus on grocery-anchored assets.
Increased access to capital sources for growth opportunities.
Negative
None.
DOWNERS GROVE, Ill.--(BUSINESS WIRE)--
InvenTrust Properties Corp. (“InvenTrust” or the “Company”) (NYSE: IVT) today announced that Fitch Ratings, Inc. (“Fitch”) has assigned a first time rating to IVT, including a Long-Term Issuer Default Rating of ‘BBB-’ with a stable outlook. According to Fitch’s published report, the key rating drivers were InvenTrust’s conservative balance sheet, Sun Belt exposure, grocery-anchored assets, and solid tenant diversification.
“We are pleased with IVT’s inaugural issuer rating of BBB- with a stable outlook,” said DJ Busch, President and CEO. “The investment grade rating reflects the quality of our cash flow driven by our simple and focused Sun Belt portfolio strategy and, most important, our team’s dedication to a best-in-class capital structure. The rating will expand our access to additional capital sources and support our ability to pursue growth opportunities in the quarters ahead.”
More information regarding InvenTrust’s rating assignment can be found on Fitch's website at: fitchratings.com.
About InvenTrust Properties Corp.
InvenTrust Properties Corp. (“we,” the “Company,” “our,” “us,” "IVT" or "InvenTrust") is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component. We pursue our business strategy by acquiring retail properties in Sun Belt markets, opportunistically disposing of retail properties, maintaining a flexible capital structure, and enhancing environmental, social and governance (ESG) practices and standards. A trusted, local operator bringing real estate expertise to its tenant relationships, IVT has built a strong reputation with market participants across its portfolio. IVT is committed to leadership in ESG practices and has been a Global Real Estate Sustainability Benchmark (“GRESB”) member since 2013. As of December 31, 2021, the Company is an owner and manager of 62 retail properties, representing 9.5 million square feet of retail space. For more information, please visit www.inventrustproperties.com.
Availability of Information on InvenTrust Properties Corp.'s Website and Social Media Channels
Investors and others should note that InvenTrust routinely announces material information to investors and the marketplace using U.S. Securities and Exchange Commission filings, press releases, public conference calls, webcasts and the InvenTrust investor relations website. The Company uses these channels as well as social media channels (e.g., the InvenTrust Twitter account (twitter.com/inventrustprop); and the InvenTrust LinkedIn account (linkedin.com/company/inventrustproperties) as a means of disclosing information about the Company's business to our colleagues, investors, and the public. While not all of the information that the Company posts to the InvenTrust investor relations website or on the Company’s social media channels is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in InvenTrust to review the information that it shares on www.inventrustproperties.com/investor-relations and on the Company’s social media channels.
What is the recent credit rating assigned to InvenTrust Properties Corp. (IVT)?
InvenTrust Properties Corp. was assigned a first-time Long-Term Issuer Default Rating of 'BBB-' with a stable outlook by Fitch Ratings.
Why is the Fitch rating important for InvenTrust (IVT)?
The Fitch rating is important as it reflects InvenTrust's strong financial stability and enhances its access to additional capital sources for growth.
What factors contributed to InvenTrust's (IVT) Fitch rating?
Key factors for the Fitch rating included InvenTrust's conservative balance sheet, strong tenant diversification, and focus on grocery-anchored assets in the Sun Belt.
How many retail properties does InvenTrust (IVT) manage?
As of December 31, 2021, InvenTrust manages 62 retail properties, representing 9.5 million square feet of retail space.
