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InvenTrust Properties Corp. to be Added to the Russell 2000® and Russell 3000® Indexes
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
InvenTrust Properties Corp. (IVT) will join the Russell 2000® and Russell 3000® Indexes effective June 27, 2022. This inclusion marks a significant milestone since becoming publicly traded in October 2021, enhancing visibility with investors. The Russell indices are a benchmark for approximately $12 trillion in assets, which could lead to increased investor interest and potential stock performance improvements. CEO Daniel (DJ) Busch emphasized the company's commitment to shareholder value through this development.
Positive
Inclusion in the Russell 2000® and Russell 3000® Indexes, improving visibility to investors.
Potential to attract investment due to association with benchmark indices managing approximately $12 trillion.
Negative
None.
DOWNERS GROVE, III.--(BUSINESS WIRE)--
InvenTrust Properties Corp. (“InvenTrust” “IVT” or the “Company”) (NYSE: IVT) is set to join the broad-market Russell 2000® and Russell 3000® Indexes at the conclusion of the 2022 Russell indices annual reconstitution, effective at the U.S. market open on June 27, 2022.
Daniel (DJ) Busch, InvenTrust’s President and Chief Executive Officer, stated, “We are pleased to be included in the Russell 2000® and Russell 3000®, an important milestone since becoming a publicly traded company last October. Our inclusion in the index will not only help to broaden our visibility with the investment community but demonstrates our continued commitment to creating value for our shareholders.”
Russell indices are widely used by investment managers and institutional investors for inclusion in index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets under management are benchmarked against Russell’s U.S. indexes.
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 March 31, 2022, the Company is an owner and manager of 63 retail properties, representing 9.9 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.
