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IVT

InvenTrust Properties Corp.

IVT

InvenTrust Properties Corp. • NYSE
$28.54 ▲ 0.00% (+0.00)
Market Cap $2.22 B
52w High $31.51
52w Low $25.21
Dividend Yield 0.94%
P/E 18.78
Volume 257.83K
Outstanding Shares 77.62M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $74.019M ▲ $41.05M ▲ $6.026M ▼ 8.141% ▼ $0.078 ▼ $81.065M ▼
Q2-2025 $73.551M ▼ $39.444M ▲ $95.942M ▲ 130.443% ▲ $1.24 ▲ $135.026M ▲
Q1-2025 $73.771M ▲ $39.161M ▲ $6.792M ▼ 9.207% ▼ $0.088 ▼ $45.728M ▼
Q4-2024 $70.759M ▲ $37.26M ▲ $9.799M ▲ 13.848% ▲ $0.13 ▲ $47.011M ▲
Q3-2024 $68.521M $36.267M $-539K -0.787% $-0.008 $37.065M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $76.366M ▼ $2.735B ▲ $925.591M ▲ $1.809B ▼
Q2-2025 $294.039M ▲ $2.709B ▲ $887.198M ▲ $1.822B ▲
Q1-2025 $84.579M ▼ $2.606B ▼ $860.699M ▼ $1.745B ▼
Q4-2024 $91.221M ▼ $2.636B ▲ $875.945M ▲ $1.76B ▲
Q3-2024 $202.758M $2.62B $865.276M $1.755B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $6.026M ▼ $43.808M ▼ $-239.554M ▼ $-21.927M ▲ $-217.673M ▼ $31.409M ▼
Q2-2025 $95.942M ▲ $48.685M ▲ $192.308M ▲ $-31.533M ▼ $209.46M ▲ $37.954M ▲
Q1-2025 $6.792M ▼ $20.181M ▼ $-7.101M ▲ $-19.722M ▼ $-6.642M ▲ $12.808M ▼
Q4-2024 $9.799M ▲ $36.984M ▼ $-132.254M ▼ $-16.267M ▼ $-111.537M ▼ $26.48M ▼
Q3-2024 $-539K $38.43M $-31.036M $158.235M $165.629M $29.338M

Revenue by Products

Product Q1-2024Q2-2024Q3-2024Q4-2024
Real Estate Other
Real Estate Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Management Service
Management Service
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, showing a gradual build in the underlying rental base. Profitability at the property level looks healthy, with operating income trending upward, which suggests improving efficiency and better rent economics. However, bottom-line profit has been choppy: the company moved from small losses to a standout profit year, then settled into modest but positive earnings. That pattern hints at one-off items and accounting effects that are common in REITs, rather than a smooth earnings story. Overall, the income statement reflects a stable, slowly improving business with thin but positive net profits and some volatility that investors should look through carefully, especially using REIT-specific metrics that are not shown here.

Balance Sheet

Balance Sheet The balance sheet looks solid for a retail REIT. Total assets have grown, suggesting a gradually expanding or upgrading property portfolio. Equity has also risen over time, indicating that the company is building value on its balance sheet rather than eroding it. Debt increased as the company scaled but appears to have been pulled back slightly more recently, consistent with a disciplined approach to leverage. Cash levels move around year to year but appear adequate for day-to-day needs, which is typical for a property owner that relies more on credit facilities than large idle cash balances. Overall, the balance sheet supports the narrative of a conservatively run, investment-grade style REIT with room to keep investing while managing risk.

Cash Flow

Cash Flow Cash generation from operations has been consistently positive and has inched higher over time, which is important for a REIT whose business depends on steady rent collections. After funding routine property spending, free cash flow remains positive and fairly stable, indicating that the portfolio can support its own upkeep and still leave room for debt service and capital allocation. Investment in properties (capital expenditures) is modest but persistent, suggesting ongoing maintenance and selective upgrades rather than aggressive, high-risk development. Taken together, the cash flow profile points to a predictable, cash-generative real estate platform with manageable investment needs.

Competitive Edge

Competitive Edge InvenTrust’s core edge lies in its focus on grocery-anchored shopping centers in fast-growing Sun Belt markets. These centers tend to be more resilient because they are tied to everyday needs rather than discretionary shopping, which helps keep traffic and occupancy more stable through economic cycles and online shopping shifts. The tenant base is tilted toward essential goods and services, adding to income stability. Management emphasizes strong relationships with tenants, local market knowledge, and hands-on property management, which can support higher retention and better rent terms over time. Combined with a relatively conservative balance sheet, this positions the company as a disciplined, niche player in a segment of retail real estate that has held up better than many other formats, though it still faces risks from changing consumer behavior and local competition.

Innovation and R&D

Innovation and R&D For a REIT, innovation is less about labs and patents and more about how properties are run and how tenants are supported. InvenTrust has leaned into practical technology: online tenant portals to streamline billing and payments, digital tools to help tenants improve their online presence, and data analytics to refine leasing and property decisions. It is also investing in efficiency and sustainability, such as smart water systems and energy-saving lighting, which can lower operating costs and support ESG goals. Future innovation looks evolutionary rather than disruptive: more use of data, gradual property upgrades, and adapting centers to the changing “grocery store of the future” with services like pickup and omnichannel integration. This approach won’t transform the business overnight, but it can quietly enhance margins, tenant satisfaction, and long-term asset quality.

Summary

InvenTrust presents as a steady, focused retail REIT built around grocery-anchored centers in growth markets. The income statement shows slow, consistent revenue growth with improving operating performance but somewhat lumpy net earnings, which is common in real estate. The balance sheet and cash flows point to a conservatively managed platform capable of funding its operations, maintaining properties, and selectively expanding without overreaching on debt. Competitively, the company benefits from its emphasis on necessity-based retail in attractive Sun Belt regions and a tenant-first operating model. Its innovation efforts are practical and incremental, centered on technology, sustainability, and property enhancements rather than high-risk bets. Key watchpoints include interest rate conditions, the evolution of grocery and neighborhood retail formats, and the company’s discipline in future acquisitions and redevelopment projects, all of which will shape how durable today’s strengths remain over time.

NEWS

October 28, 2025 · 4:03 PM UTC

InvenTrust Properties Corp. Reports 2025 Third Quarter Results

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September 30, 2025 · 4:03 PM UTC

InvenTrust Properties Corp. Announces Third Quarter 2025 Earnings Release and Conference Call Dates

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September 16, 2025 · 4:05 PM UTC

InvenTrust Properties Corp. Declares Third Quarter 2025 Cash Dividend

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