Inventrust P Ord Stock Price, News & Analysis

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.

InvenTrust Properties Corp. (NYSE: IVT) has appointed David Bryson as Chief Accounting Officer, effective immediately. Bryson, who previously served as Vice President and Controller, brings over 15 years of real estate experience, including substantial SEC reporting expertise. CFO Mike Phillips expressed confidence in Bryson's leadership, highlighting the importance of this role in advancing the company’s financial strategy. InvenTrust is recognized for its multi-tenant essential retail REIT operations, focusing on acquiring grocery-anchored retail properties in the Sun Belt region.

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 $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.