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InvenTrust Properties (IVT)
NYSE:IVT
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
0.04Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 1.36%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment overall, with significant achievements in occupancy rates, leasing activity, and strategic acquisitions. Despite challenges such as store closures and potential asset sales uncertainty, the company remains confident in its market position and growth opportunities.Company Guidance
During the earnings call, InvenTrust Properties Corp. provided guidance for the upcoming year, indicating a net acquisition assumption of $100 million for 2025, reflecting a 4.5% increase. The company's total portfolio average base rent (ABR) ended 2024 at $20.07 per square foot, marking a 3% increase from the previous year. They achieved a blended comparable leasing spread of 11.3%, with new lease spreads at 16.6% and renewals at 10.6%. Retention rates stood at 94% in 2024, highlighting high tenant retention as a key strategy. Additionally, 90% of renewals included embedded rent escalators of 3% or higher, supporting long-term net operating income (NOI) growth. The company expects same-store NOI growth in the range of 3.5% to 4.5% for 2025, influenced by factors including uncollectible lease income and leasing spreads.Increased Portfolio Occupancy
Leased occupancy increased from 93.0% in 2021 to 97.4% by the end of 2024, with anchor space leased occupancy reaching 99.8% and small shop lease occupancy at 93.3%.
Strong Leasing Activity
Signed 210 leases totaling 1.3 million square feet in 2024, achieving blended comparable leasing spreads of 11.3%.
High Retention Rates
Tenant retention rates stood at 94% in 2024, supporting long-term NOI growth.
Robust Acquisition Strategy
Net acquisition assumption is $100 million for 2025, with potential for higher gross acquisition depending on disposition activities.
Positive Market Conditions
Despite store closures, demand for high-quality retail space remains strong, with retailers increasing long-term store opening targets.
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IVT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IVT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $30.16 | $30.57 | +1.36% |
| Oct 29, 2024 | $29.20 | $29.83 | +2.16% |
| Jul 31, 2024 | $27.73 | $27.54 | -0.69% |
| Apr 30, 2024 | $24.72 | $24.66 | -0.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does InvenTrust Properties (IVT) report earnings?
InvenTrust Properties (IVT) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is InvenTrust Properties (IVT) earnings time?
InvenTrust Properties (IVT) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IVT EPS forecast?
IVT EPS forecast for the fiscal quarter 2025 (Q1) is 0.07.
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