Inventrust P Ord Stock Price, News & Analysis

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 The call will be accessible via a dial-in number and a webcast, with an archived version available later on their Investor Relations webpage.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 $0.253575, with approximately 71.34% classified as ordinary dividends and 28.66% as non-dividend distributions. For the year ended December 31, 2021, the company paid approximately $55.6 million in distributions. Notably, the December 2021 dividend, to be reported in 2022, has a record date of December 30, 2021, with a payment date of January 14, 2022.

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 $100 million in stock. The offer expired on November 8, 2021, with 9,214,944 shares validly tendered at a final purchase price of $25.00 per share. The company accepted 4,000,000 shares, approximately 5.6% of total outstanding shares post-offer. Due to oversubscription, about 42% of the properly tendered shares were accepted. Payment was made on November 12, 2021.

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.

InvenTrust Properties Corp. (NYSE: IVT) announced the commencement of its trading on the NYSE under the symbol "IVT". The company celebrated this milestone with a bell ringing ceremony at the exchange. CEO Daniel Busch expressed pride in the team and optimism about the company’s strong balance sheet, which is expected to facilitate self-funded growth over the next few years. InvenTrust, specializing in grocery-anchored retail properties across the Sun Belt, manages 65 retail properties totaling 10.8 million square feet as of June 30, 2021.