InvenTrust Properties Corp. Announces Third Quarter 2024 Cash Dividend

Rhea-AI Summary

InvenTrust Properties Corp. (NYSE: IVT) has announced its third quarter 2024 cash dividend. The company's Board of Directors declared a distribution of $0.2263 per share of common stock, representing a 5% year-over-year increase. When annualized, this dividend equates to $0.9052 per share. The distribution is scheduled to be paid on or about October 15, 2024, to stockholders of record as of September 30, 2024. This dividend announcement demonstrates InvenTrust's commitment to providing value to its shareholders through consistent and growing cash distributions.

Positive

• Dividend increased by 5% year-over-year
• Annualized dividend rate of $0.9052 per share

Negative

• None.

Insights

Financial Analyst

InvenTrust Properties Corp.'s 5% year-over-year increase in quarterly dividend signals financial strength and commitment to shareholder returns. The new annualized dividend of $0.9052 per share reflects confidence in the company's cash flow and operational performance. For REITs like InvenTrust, dividend growth is a key metric investors watch closely. This increase could attract income-focused investors and potentially support the stock price. However, it's important to consider the sustainability of this dividend growth rate and how it aligns with the company's funds from operations (FFO) growth. Investors should also examine the payout ratio to ensure the dividend increase doesn't strain the company's financial flexibility for property acquisitions or improvements.

Market Research Analyst

The timing of this dividend announcement, well ahead of the actual payment date, suggests a strategic move by InvenTrust to boost investor confidence. In the current high-interest-rate environment, REITs face challenges as their borrowing costs increase. By proactively raising the dividend, InvenTrust may be positioning itself as a stable income play. This could help differentiate the company in the competitive retail REIT sector. Investors should compare this 5% increase to industry peers and broader market dividend growth rates to gauge its relative attractiveness. It's also worth monitoring how this dividend hike might impact the company's yield compared to alternative income investments, potentially influencing capital flows into the stock.

DOWNERS GROVE, Ill.--(BUSINESS WIRE)-- InvenTrust Properties Corp. (NYSE: IVT) announced today that its Board of Directors declared a third quarter 2024 cash distribution of $0.2263 per share of common stock, which represents a 5% year-over-year increase. When annualized, this is equal to a rate of $0.9052 per share. This distribution will be paid on or about October 15, 2024, to stockholders of record as of September 30, 2024.

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. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240916421289/en/

Dan Lombardo

Vice President of Investor Relations

630-570-0605

dan.lombardo@inventrustproperties.com

Source: InvenTrust Properties Corp.

FAQ

What is InvenTrust Properties Corp.'s (IVT) dividend for Q3 2024?

InvenTrust Properties Corp. (IVT) declared a cash dividend of $0.2263 per share for the third quarter of 2024.

When will InvenTrust Properties Corp. (IVT) pay its Q3 2024 dividend?

InvenTrust Properties Corp. (IVT) will pay its Q3 2024 dividend on or about October 15, 2024, to stockholders of record as of September 30, 2024.

How much has InvenTrust Properties Corp. (IVT) increased its dividend year-over-year?

InvenTrust Properties Corp. (IVT) has increased its dividend by 5% year-over-year.

What is the annualized dividend rate for InvenTrust Properties Corp. (IVT) based on the Q3 2024 dividend?

Based on the Q3 2024 dividend, the annualized dividend rate for InvenTrust Properties Corp. (IVT) is $0.9052 per share.