Inventrust P Ord Stock Price, News & Analysis

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 The call will be accessible via a dial-in number and a webcast, with an archived version available later on their Investor Relations webpage.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.

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.