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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) announced its inaugural Environmental, Social, and Governance (ESG) Report, highlighting its commitment to corporate responsibility. The report showcases 2021 ESG achievements and future goals, including upgrading lighting to energy-efficient LEDs at properties and implementing diversity training for employees. InvenTrust aims for 30% board diversity and has formalized an ESG Steering Committee. CEO Daniel Busch emphasized the company's environmental initiatives, particularly in the Sun Belt, while committing to employee engagement and community support.
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.
InvenTrust Properties Corp. (NYSE: IVT) has declared a quarterly cash distribution of $0.2052 per share for the quarter ending June 30, 2022, to be paid on or about July 15, 2022. Shareholders of record as of June 30, 2022 will receive this distribution. InvenTrust focuses on multi-tenant essential retail properties in the Sun Belt regions, managing 63 retail properties totaling 9.9 million square feet. The company is committed to enhancing its environmental, social, and governance (ESG) practices as a GRESB member since 2013.
InvenTrust Properties Corp. (NYSE: IVT) has entered into a definitive note purchase agreement for a private placement of $250 million in senior unsecured notes. The issuance includes $150 million in 5.07% Series A notes due August 11, 2029 and $100 million in 5.20% Series B notes due August 11, 2032, with a weighted average fixed interest rate of 5.12%. Proceeds will be used for general corporate purposes, including debt repayment and acquisitions. The notes will be issued on August 11, 2022.
InvenTrust Properties Corp. (NYSE: IVT) will present at NAREIT’s REITWeek 2022 Investor Forum on June 8, 2022, in New York. The management team is set to provide an overview of the company's performance, followed by a Q&A session. The live webcast will occur from 11:00 A.M. to 11:30 A.M. EDT on their website. Additionally, management will hold meetings with investors on June 7-8, 2022. InvenTrust is a premier multi-tenant essential retail REIT managing 63 properties across 9.9 million square feet.
InvenTrust Properties Corp. (NYSE: IVT), a multi-tenant retail REIT, will be added to the MSCI US REIT Index effective May 31, 2022, as part of the May 2022 Semi-Annual Index Review. This addition could enhance IVT's visibility among investors and potentially lead to an increase in share liquidity.
As of March 31, 2022, InvenTrust manages 63 retail properties totaling 9.9 million square feet in the Sun Belt region, focusing on grocery-anchored community centers. The company prioritizes environmental, social, and governance (ESG) practices.
InvenTrust Properties Corp. (NYSE: IVT) reported a robust Q1 2022, achieving a net income of $9.5 million ($0.14 per diluted share), a significant improvement from a net loss of $0.1 million in Q1 2021. Key highlights include NAREIT FFO of $31.7 million ($0.47 per share), a 12.2% increase in Same Property NOI, and a leased occupancy rate of 94.4%. The company launched a $250 million ATM equity offering and a $150 million share repurchase program. Fitch Ratings assigned the firm a 'BBB-' issuer rating, enhancing its credit profile. Updated 2022 guidance indicates potential growth in net income and FFO.
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.
InvenTrust Properties Corp. (NYSE: IVT) will release its first quarter 2022 earnings results on May 2, 2022, after market close. The earnings conference call is scheduled for May 3, 2022, at 9:00 a.m. ET. Investors can access the earnings release and supplementary information on the company's Investor Relations page. InvenTrust is a leading multi-tenant essential retail REIT focused on grocery-anchored community centers across the Sun Belt region, managing 62 properties totaling 9.5 million square feet as of December 31, 2021.
InvenTrust Properties Corp. (NYSE: IVT) has declared a quarterly cash distribution of $0.2052 per share for the quarter ending March 31, 2022. This payment is scheduled for April 15, 2022, to stockholders of record as of March 31, 2022. InvenTrust, focusing on essential retail in the Sun Belt region, operates 62 properties encompassing 9.5 million square feet, emphasizing sustainable practices and robust tenant relationships.
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