Inventrust P Ord Stock Price, News & Analysis

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.

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.