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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) reported financial results for Q4 and the full year ending December 31, 2022. Q4 showed a net loss of $0.1 million, a significant improvement from a loss of $10.8 million in Q4 2021. Annual net income was $52.2 million, up from a loss of $5.4 million. NAREIT FFO for Q4 was $23.8 million ($0.35/share), while full-year FFO was $112.0 million ($1.66/share). The company declared a 5% dividend increase to $0.8620 annually. Occupancy rates reached 96.1%, with growth in leased space and a stable outlook for 2023, projecting net income between $0.23-$0.28/share.
InvenTrust Properties Corp. (NYSE: IVT) has announced tax reporting details for its 2022 distributions. In total, the company paid approximately $55.3 million in distributions, with about 93% classified as ordinary dividends and 7% as non-dividend distributions. Key distribution details include $0.2052 per share for four quarterly dividends paid between January and October 2022, while some distributions, such as December 2022's dividend, will be reported in 2023. Investors should consult their advisors regarding tax implications based on individual circumstances.
InvenTrust Properties Corp. (NYSE: IVT) is set to announce its fourth quarter and full-year 2022 earnings results on February 14, 2023, after the market closes. An earnings conference call will follow on February 15, 2023, at 10:00 a.m. ET. As of September 30, 2022, InvenTrust owned and managed 62 retail properties, totaling 10.5 million square feet. The company emphasizes its commitment to Environmental, Social, and Governance (ESG) practices and has been a member of the Global Real Estate Sustainability Benchmark since 2013.
InvenTrust Properties Corp. (NYSE: IVT) has declared a quarterly cash distribution of $0.2052 per share for the quarter ending December 31, 2022. This payment is set to occur on or about January 13, 2023, with stockholders of record as of December 29, 2022. IVT is a leading retail REIT focusing on grocery-anchored neighborhood and community centers in the Sun Belt region. As of September 30, 2022, it manages 62 properties covering approximately 10.5 million square feet.
InvenTrust Properties Corp. (NYSE: IVT) reported Q3 2022 financial results, revealing a net income of $0.9 million ($0.01 per diluted share), down from $4.0 million ($0.06 per diluted share) in Q3 2021. Notable highlights include NAREIT FFO of $26.1 million ($0.39 per diluted share) and Core FFO of $25.2 million ($0.37 per diluted share). The company achieved a leased occupancy rate of 95.6% and executed 83 leases totaling 478,000 square feet. Financial liquidity stood at $574.1 million. InvenTrust updated its 2022 guidance, increasing projected NAREIT FFO to $1.65 - $1.69 per diluted share.
InvenTrust Properties Corp. (NYSE: IVT) has appointed Smita N. Shah to its Board of Directors, effective immediately. Shah, President and CEO of SPAAN Tech, brings extensive management experience and insights into government programs. Her addition aims to enhance governance and management oversight at InvenTrust. Chairperson Paula J. Saban highlighted Shah's leadership and commitment to maximizing shareholder value. Shah expressed enthusiasm for contributing to InvenTrust's strategy focused on the grocery-anchored portfolio in the Sun Belt, which has positioned the company for strong results despite market volatility.
InvenTrust Properties Corp. (NYSE: IVT) will report its Q3 2022 earnings results on November 1, 2022, after market close. An earnings conference call is scheduled for November 2, 2022, at 9:00 a.m. ET. The Company owns and manages 62 retail properties, totaling 10.5 million square feet as of June 30, 2022. InvenTrust is committed to enhancing its ESG practices and has been a member of the Global Real Estate Sustainability Benchmark since 2013. Investors can access earnings details on the Company's website.
InvenTrust Properties Corp. (NYSE: IVT) has declared a quarterly cash distribution of $0.2052 per share for the quarter ending September 30, 2022. This payment is scheduled for October 14, 2022, to shareholders of record as of September 30, 2022. InvenTrust operates as a multi-tenant essential retail REIT, focusing primarily on grocery-anchored neighborhood and community centers in Sun Belt markets. As of June 30, 2022, the company manages 62 retail properties with a total of 10.5 million square feet of retail space.
InvenTrust Properties Corp. (NYSE: IVT) reported a substantial increase in net income for Q2 2022, reaching $41.9 million or $0.62 per diluted share, up from $1.5 million or $0.02 from Q2 2021. NAREIT FFO rose to $30.4 million ($0.45 per diluted share), a significant growth from $25 million. Core FFO also increased to $28.6 million ($0.42 per diluted share). Same Property NOI saw a 7.7% increase, while occupancy remained strong at 95.4%. The company has declared a quarterly cash distribution of $0.2052 per share, contributing to its positive outlook.
InvenTrust Properties Corp. (NYSE: IVT) will announce its second quarter 2022 earnings on August 1, 2022, post-market. The earnings report will be accessible on their Investor Relations website. A conference call to discuss results is scheduled for August 2, 2022, at 9:00 a.m. ET. InvenTrust, focused on Sun Belt retail properties, manages 63 retail locations with a total of 10.6 million square feet as of March 31, 2022. The company emphasizes ESG practices and seeks growth in the essential retail sector.
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