Welcome to our dedicated page for InvenTrust Properties news (Ticker: IVT), a resource for investors and traders seeking the latest updates and insights on InvenTrust Properties stock.
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 a Net Loss of $10.8 million, or $0.16 per share, for Q4 2021, compared to a Net Income of $1.2 million, or $0.02 per share, in Q4 2020. Full-year Net Loss was $5.4 million, an improvement from a loss of $10.2 million in 2020. NAREIT FFO for Q4 was $9.9 million ($0.14/share), down from $29.1 million ($0.40/share) in the previous year. Despite challenges, Pro Rata Same Property NOI grew by 3.1% in Q4 and 4.4% year-to-date. The company also declared a quarterly cash distribution of $0.2052 per share, a 5% increase.
InvenTrust Properties Corp. (NYSE: IVT) has announced the acquisition of two prominent retail properties in Austin, Texas, valued at $189.3 million. This includes The Shops at Arbor Trails, a 357,000 square foot center and Escarpment Village, a 168,000 square foot shopping area, both of which are significantly leased to top-tier retailers such as Costco, Whole Foods, and HEB. The Company aims to enhance cash flow and solidify its presence in the Austin market while pursuing further growth opportunities.
InvenTrust Properties Corp. (NYSE: IVT) will announce its fourth quarter 2021 earnings results on February 10, 2022, after market closure. Subsequently, an earnings conference call will be hosted on February 11, 2022, at 11:00 a.m. ET to discuss results and business highlights. The call will be accessible via a dial-in number and a webcast, with an archived version available later on their Investor Relations webpage. As of September 30, 2021, IVT managed 63 retail properties totaling 10.6 million square feet.
InvenTrust Properties Corp. (NYSE: IVT) has announced its tax reporting information for 2021 distributions. The total distribution per share amounted to
InvenTrust Properties Corp. (NYSE: IVT) declared a quarterly cash distribution of $0.2052 per share for the quarter ending December 31, 2021. The payment will occur on or about January 14, 2022, to stockholders of record as of December 30, 2021. InvenTrust is a leading REIT focused on grocery-anchored retail properties across the Sun Belt, managing 63 properties totaling 10.6 million square feet. Furthermore, the company emphasizes strong ESG practices and has been a GRESB member since 2018.
InvenTrust Properties Corp. (NYSE: IVT) has announced the promotion of David Heimberger to Chief Investment Officer. Heimberger, previously Senior Vice President of Capital Markets, will oversee InvenTrust’s investment strategy and transactions team, focusing on property acquisitions and dispositions. His decade-long experience with the company includes significant contributions to its portfolio, especially in essential-based properties in the Sun Belt region. This leadership change aims to enhance shareholder value and continue the company's disciplined growth strategy.
InvenTrust Properties Corp. (NYSE: IVT) has completed its modified Dutch Auction self-tender offer, purchasing up to
InvenTrust Properties Corp. (NYSE: IVT) announced preliminary results of its modified “Dutch Auction” self-tender offer, which expired on November 8, 2021. Approximately 9.2 million shares were tendered at a final price of $25.00 per share. The Company expects to purchase about 4.0 million shares for a total cost of approximately $100 million, representing 5.6% of shares outstanding as of the expiration date. Due to oversubscription, only about 42% of properly tendered shares will be accepted on a pro rata basis, excluding odd lot holders, who will be prioritized.
InvenTrust Properties Corp. (NYSE: IVT) reported a net income of $4.0 million ($0.06/share) for Q3 2021, up from $1.7 million ($0.02/share) in Q3 2020. The Funds from Operations (FFO) was $26.3 million ($0.37/share), compared to $25.5 million ($0.35/share) last year. Pro Rata Same Property Net Operating Income (NOI) increased by 8.2% for Q3 2021. The company boasts a leased occupancy of 93.5% and has amended credit facilities worth $750 million. A dividend of $0.1955 per share was paid on October 7, 2021. A "Dutch Auction" tender offer of up to $100 million shares commenced on October 12, 2021.
InvenTrust Properties Corp. (NYSE: IVT) will announce its third quarter 2021 financial results on November 1, 2021, after market close. The earnings release will be accessible on the Company’s Investor Relations website. An earnings conference call is scheduled for November 2, 2021, at 11:00 a.m. ET, where executives will discuss financial outcomes and business developments. A webcast archive will also be available on the website.
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