Principal Real Estate and Principal Global disclose 5.9% position in IVT

Rhea-AI Filing Summary

Principal Real Estate Investors LLC and Principal Global Investors filed an amended Schedule 13G reporting joint beneficial ownership of 4,540,662 shares of InvenTrust Properties Corp. common stock, representing 5.9% of the class. The filing breaks the position down into 4,405,146 shares (5.7%) held by Principal Real Estate Investors LLC and 135,516 shares (0.2%) held by Principal Global Investors, with all reported shares held with shared voting and shared dispositive power and no sole voting or dispositive authority.

The filers certify the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. A Joint Filing Agreement is included as an exhibit to the statement.

Positive

• Combined beneficial ownership of 4,540,662 shares representing 5.9% of the class
• Principal Real Estate Investors LLC holds 4,405,146 shares (5.7%) with shared voting and dispositive power
• Filing includes a Joint Filing Agreement (Exhibit 99.1), supporting transparency of the joint position

Negative

• None.

Insights

Financial Analyst

TL;DR: Two Principal affiliates jointly report a material, but non-controlling, 5.9% beneficial stake in InvenTrust.

The combined position of 4,540,662 shares is large enough to be material to investors' awareness but is reported as held with shared voting and dispositive power, not sole control. The breakdown shows Principal Real Estate Investors LLC holds the bulk of the position (4,405,146 shares). The certification that the holdings are in the ordinary course of business and not for control limits immediate governance concerns, but the stake may attract attention from other investors given its size.

Corporate Governance Expert

TL;DR: This filing discloses a coordinated, non-controlling stake with shared authority and a joint filing agreement for transparency.

The report clarifies that both entities file jointly and exercise shared voting and dispositive power over reported shares, which implies coordinated reporting without assertion of unilateral control. The inclusion of a Joint Filing Agreement as an exhibit supports regulatory transparency. From a governance perspective, the lack of sole voting or dispositive power means no immediate change to board control is claimed.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

InvenTrust Properties Corp.

(Name of Issuer)

Common stock, $0.001 par value

(Title of Class of Securities)

46124J201

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 46124J201

1

Names of Reporting Persons

PRINCIPAL REAL ESTATE INVESTORS LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,405,146.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,405,146.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,405,146.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.7 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 46124J201

1

Names of Reporting Persons

PRINCIPAL GLOBAL INVESTORS

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 135,516.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 135,516.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

135,516.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: InvenTrust Properties Corp.
(b)	Address of issuer's principal executive offices: 3025 HIGHLAND PARKWAY SUITE 350, DOWNERS GROVE, ILLINOIS 60515
Item 2.
(a)	Name of person filing: PRINCIPAL REAL ESTATE INVESTORS LLC PRINCIPAL GLOBAL INVESTORS
(b)	Address or principal business office or, if none, residence: PRINCIPAL REAL ESTATE INVESTORS, LLC 711 HIGH STREET DES MOINES, Iowa 50392-0300 PRINCIPAL GLOBAL INVESTORS 711 HIGH STREET DES MOINES, Iowa 50392-0300
(c)	Citizenship: PRINCIPAL REAL ESTATE INVESTORS LLC - DELAWARE PRINCIPAL GLOBAL INVESTORS - DELAWARE
(d)	Title of class of securities: Common stock, $0.001 par value
(e)	CUSIP No.: 46124J201
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4,540,662
(b)	Percent of class: 5.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: PRINCIPAL REAL ESTATE INVESTORS LLC - 0 PRINCIPAL GLOBAL INVESTORS - 0
	(ii) Shared power to vote or to direct the vote: PRINCIPAL REAL ESTATE INVESTORS LLC - 4,405,146 PRINCIPAL GLOBAL INVESTORS - 135,516
	(iii) Sole power to dispose or to direct the disposition of: PRINCIPAL REAL ESTATE INVESTORS LLC - 0 PRINCIPAL GLOBAL INVESTORS - 0
	(iv) Shared power to dispose or to direct the disposition of: PRINCIPAL REAL ESTATE INVESTORS LLC - 4,405,146 PRINCIPAL GLOBAL INVESTORS - 135,516
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PRINCIPAL REAL ESTATE INVESTORS LLC

Signature:	/s/ J. Markham Penrod
Name/Title:	Chief Compliance Officer - North America, Principal Asset Management
Date:	08/08/2025

PRINCIPAL GLOBAL INVESTORS

Signature:	/s/ J. Markham Penrod
Name/Title:	Chief Compliance Officer - North America, Principal Asset Management
Date:	08/08/2025

Exhibit Information

This statement is filed by Principal Real Estate Investors LLC and Principal Global Investors LLC jointly pursuant to a Joint Filing Agreement, which is filed with this Schedule 13G as Exhibit 99.1.

FAQ

Who filed the Schedule 13G amendment for InvenTrust (IVT)?

Principal Real Estate Investors LLC and Principal Global Investors filed the amended Schedule 13G jointly.

How many InvenTrust (IVT) shares do the filers beneficially own?

The filers report combined beneficial ownership of 4,540,662 shares of InvenTrust common stock.

What percentage of InvenTrust (IVT) does the reported position represent?

The aggregated position represents 5.9% of the outstanding class; Principal Real Estate Investors LLC accounts for 5.7% and Principal Global Investors for 0.2%.

Do the filers claim sole voting or dispositive power over the shares?

No. The filing states 0 shares with sole voting or dispositive power and reports the shares under shared voting and shared dispositive power.

Are the holdings claimed to be for the purpose of changing control of InvenTrust (IVT)?

The filers certify the securities are held in the ordinary course of business and are not held for the purpose of changing or influencing control of the issuer.

Does the filing include supporting documentation?

Yes. The statement references a Joint Filing Agreement filed as an exhibit to the Schedule 13G.