The earnings call reflects a strong start to the year with solid financial performance, strategic acquisitions, and high occupancy rates. However, there are concerns about economic uncertainties, potential bad debt impact, and strategic shifts in California. Despite these challenges, the company's low leverage and dividend increase highlight a positive outlook.
Company Guidance
In the first quarter of 2025, InvenTrust reported a 6.1% growth in same property Net Operating Income (NOI), driven by strong lease management and demand in Sunbelt markets, where 97% of their net operating income is generated. Core Funds From Operations (FFO) per diluted share increased by 4.5% compared to the same period last year. The company maintained a high portfolio leased occupancy rate at 97.3%, with small shop lease occupancy reaching a record high of 93.4%. InvenTrust reaffirmed its full-year same property NOI growth guidance range of 3.5% to 4.5% and set its NAREIT FFO guidance at $1.83 to $1.89 per share. The company also declared an annualized dividend payment of $0.95 per share, marking a 5% increase from the previous year. As part of their capital allocation strategy, InvenTrust plans to reduce its California investments significantly and has recently acquired two assets, Plaza Escondida and Carmel Village, to expand its presence in Arizona and Charlotte markets. Their pipeline of acquisition opportunities ranges between $1.5 billion to $2 billion, with a focus on high-quality centers in high-growth Sunbelt markets.
Strong Start to 2025
InvenTrust reported a strong start to 2025 with same property NOI growth of 6.1% for the first quarter and core FFO per diluted share growth of 4.5% compared to the same period last year.
High Lease Occupancy
The portfolio remains highly leased with small shop lease occupancy reaching an all-time high of 93.4% and anchor space lease occupancy at 99.5%.
Strategic Acquisitions
Acquired two assets, Plaza Escondida in Tucson, Arizona, and Carmel Village in Charlotte, expanding presence in high-growth Sunbelt markets.
Low Leverage
InvenTrust maintains a low net leverage ratio of 23.4% and net debt to adjusted EBITDA of 4.1 times, allowing for opportunistic growth.
Dividend Increase
Declared an annualized dividend payment of $0.95 per share, a 5% increase over last year.
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InvenTrust Properties (IVT) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
Apr 30, 2025
$27.86
$28.18
+1.15%
Feb 11, 2025
$29.91
$30.32
+1.37%
Oct 29, 2024
$28.97
$29.59
+2.14%
Jul 31, 2024
$27.51
$27.32
-0.69%
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 Aug 04, 2025, TBA Not Confirmed.
What is InvenTrust Properties (IVT) earnings time?
InvenTrust Properties (IVT) earnings time is at Aug 04, 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.