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InvenTrust Properties Corp. (IVT) is a leading real estate investment trust (REIT) headquartered in the United States. Specializing in the ownership, management, and leasing of multi-tenant outdoor shopping centers, InvenTrust has carved out a significant niche in high-growth markets. The company operates with the guiding principle of creating symbiotic success for both retail partners and consumers, ensuring dynamic shopping center operations and enjoyable shopping experiences for all.
Leveraging extensive retail experience, InvenTrust has deep insights into the markets it serves. Its strategic offices are located across major U.S. cities including Dallas, Houston, Austin, Denver, Atlanta, Orlando, Raleigh, and Southern California. These locations were chosen for their high job growth, wage increases, economic development, and substantial traffic patterns, ensuring continued success and expansion in areas with strong demographics.
In recent years, InvenTrust has undergone significant transformations to focus more on its core retail operations. This included the spin-off of non-core assets into a separate REIT and the sale of its student housing platform. Such strategic decisions have streamlined the company’s focus on building a premium retail portfolio, which includes grocery-anchored community and neighborhood centers, as well as power centers classified as necessity-based.
InvenTrust's retail properties are designed to meet the evolving needs of modern consumers. The company’s collaborative approach with retail partners ensures that the shopping centers remain vibrant and relevant. By continuously redeveloping and acquiring high-quality assets, InvenTrust maintains a robust and diverse portfolio that contributes to its strong financial health and growth potential.
InvenTrust Properties Corp. (NYSE: IVT) has scheduled its second quarter 2024 earnings release for July 31st, 2024, after the market closes. The earnings results and supplementary information will be available on the company's investor relations webpage. Following the release, an earnings conference call is set for August 1st, 2024, at 10:00 a.m. ET, to discuss the results and business highlights. Interested parties can join the call via dial-in or through a webcast link, with a replay available on the company's website.
InvenTrust Properties Corp. (NYSE: IVT) announced a second quarter 2024 cash dividend of $0.2263 per share of common stock.
This dividend marks a 5% increase from the previous year. When annualized, the rate is $0.9052 per share.
The dividend will be paid on or about July 15, 2024, to shareholders of record as of June 30, 2024.
InvenTrust Properties Corp. (NYSE: IVT) announced its participation in NAREIT's REITWeek 2024 Investor Conference. The company’s management team will present a performance update followed by a Q&A session on Tuesday, June 4, 2024, from 9:30 AM to 10:00 AM EDT. A live webcast will be available on InvenTrust's website, with a recorded version accessible for a time. Additionally, the management team will host meetings with the investment community during the conference.
InvenTrust Properties Corp. reported strong financial results for the first quarter of 2024, with Net Income of $2.9 million, Nareit FFO of $0.45 per diluted share, Core FFO of $0.44 per diluted share, and a 4.1% increase in Same Property NOI. The Company's Leased Occupancy was at 96.3%, with positive leasing spreads and acquisitions contributing to growth. InvenTrust's low-levered balance sheet positions it well for further growth opportunities.
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