InvenTrust Properties Corp. (IVT)

NYSE: IVT · Real-Time Price · USD
29.80
-0.06 (-0.20%)
Sep 18, 2024, 4:00 PM EDT - Market closed
-0.20%
Market Cap 2.02B
Revenue (ttm) 290.17M
Net Income (ttm) 6.47M
Shares Out 67.93M
EPS (ttm) 0.09
PE Ratio 330.68
Forward PE 425.71
Dividend $0.91 (3.04%)
Ex-Dividend Date Sep 30, 2024
Volume 323,383
Open 29.82
Previous Close 29.86
Day's Range 29.71 - 30.23
52-Week Range 22.61 - 30.23
Beta -5.96
Analysts Buy
Price Target 30.50 (+2.35%)
Earnings Date Oct 30, 2024

About IVT

InvenTrust Properties Corp. (the "Company," "IVT," or "InvenTrust") is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component. Management pursues the Company's business strategy by acquiring retail properties in Sun Belt markets, opportunistically disposing of retail properties, maintaining a flexible capital structure, and enhancing environmental, social and governance... [Read more]

Industry REIT - Retail
Sector Real Estate
Founded 2005
Employees 104
Stock Exchange NYSE
Ticker Symbol IVT
Full Company Profile

Financial Performance

In 2023, InvenTrust Properties's revenue was $285.32 million, an increase of 15.26% compared to the previous year's $247.54 million. Earnings were $5.27 million, a decrease of -89.91%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for IVT stock is "Buy." The 12-month stock price forecast is $30.5, which is an increase of 2.35% from the latest price.

Price Target
$30.5
(2.35% upside)
Analyst Consensus: Buy
Stock Forecasts

News

InvenTrust Properties Corp. Announces Third Quarter 2024 Cash Dividend

DOWNERS GROVE, Ill.--(BUSINESS WIRE)--InvenTrust Properties Corp. (NYSE: IVT) announced today that its Board of Directors declared a third quarter 2024 cash distribution of $0.2263 per share of common...

2 days ago - Business Wire

InvenTrust: Low Yield And A High Valuation

InvenTrust Properties owns and manages grocery-anchored retail properties in the Sunbelt, benefiting from strong market dynamics and low unemployment rates in key regions. Its performance, low leverag...

6 days ago - Seeking Alpha

Shopping Center REITs Are Hot: Pick A Winner

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Back Up The Cart With Sunbelt Shopping Center REITs

Shopping center ownership and leasing is influenced by supply and demand, with imbalances presenting investment opportunities. Migration to the Sunbelt region during the pandemic accelerated trends, i...

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5 weeks ago - Seeking Alpha

InvenTrust Properties Corp. (IVT) Q2 2024 Earnings Call Transcript

InvenTrust Properties Corp. (NYSE:IVT) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Dan Lombardo - VP, IR DJ Busch - President and CEO Mike Phillips - CFO Christy ...

6 weeks ago - Seeking Alpha

InvenTrust Properties Corp. Reports 2024 Second Quarter Results

DOWNERS GROVE, Ill.--(BUSINESS WIRE)--InvenTrust Properties Corp. (“InvenTrust” or the “Company”) (NYSE: IVT) today reported financial and operating results for the period ended June 30, 2024. For the...

7 weeks ago - Business Wire

6 Stocks I'm Buying Amid A Major Market Rotation

American consumers' savings and spending patterns, illustrated through charts, showing a shift towards credit card debt and rising delinquency rates. Market rotation towards the real estate sector, wi...

7 weeks ago - Seeking Alpha

Top 4 Real Estate Stocks That May Fall Off A Cliff This Quarter

As of July 22, 2024, four stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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Equity REITs: Takeaways From REITWeek 2024

Overall positive outlook for REIT industry with decline in development activity, potential for increased transaction market activity, and well-capitalized REITs poised for growth. Key themes from REIT...

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2 months ago - Seeking Alpha

InvenTrust Properties: A Shopping Center REIT With Strong Growth And Upside Potential

The REIT sector likely to see an upside with potentially declining interest rates in September. Higher-quality ones like InvenTrust Properties will likely see further upside. InvenTrust Properties Cor...

2 months ago - Seeking Alpha

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InvenTrust Properties Corp. Announces Second Quarter 2024 Earnings Release and Conference Call Dates

DOWNERS GROVE, III.--(BUSINESS WIRE)--InvenTrust Properties Corp. (“InvenTrust” or the “Company”) (NYSE: IVT) today announced that it will report its second quarter 2024 earnings results on July 31st,...

3 months ago - Business Wire

9 Stocks I'm Buying As Consumer Spending Stalls

The stock market breadth is very thin right now. The market is primarily being driven by a handful of big winners in the AI space. Consumers clearly have a very different perspective on inflation than...

3 months ago - Seeking Alpha

Why InvenTrust Properties Is My Top Pick Among Shopping Center REITs

InvenTrust Properties is a high-quality shopping center REIT with a focus on Sunbelt markets and grocery-anchored centers. IVT separates CEO and Chairman roles, has low leverage, and raised dividends ...

3 months ago - Seeking Alpha

Retail REITs: Near Term Capex Caution Despite Strong Fundamentals

Increased online sales activity during the pandemic highlighted the importance of an omnichannel strategy for retailers. Retail store openings are expected to surpass closings for the third consecutiv...

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Despite strong economic indicators such as high employment and rising wages, consumers are pessimistic about the US economy. A recent poll found that 56% of Americans believe the economy is in recessi...

3 months ago - Seeking Alpha

InvenTrust Properties Corp. Announces Second Quarter 2024 Cash Dividend

DOWNERS GROVE, Ill.--(BUSINESS WIRE)--InvenTrust Properties Corp. (NYSE: IVT) announced today that its Board of Directors declared a second quarter 2024 cash distribution of $0.2263 per share of commo...

3 months ago - Business Wire

InvenTrust Properties Corp. To Present at NAREIT's REITWeek 2024 Investor Conference

DOWNERS GROVE, Ill.--(BUSINESS WIRE)--InvenTrust Properties Corp. (“InvenTrust” or the “Company”) (NYSE: IVT) announced that its management team will present at NAREIT's REITWeek: 2024 Investor Confer...

3 months ago - Business Wire

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InvenTrust Properties Corp. (IVT) Q1 2024 Earnings Call Transcript

InvenTrust Properties Corp. (NYSE:IVT) Q1 2024 Earnings Conference Call May 1, 2024 10:00 AM ET Company Participants Dan Lombardo - Vice President, Investor Relations DJ Busch - President and Chief E...

5 months ago - Seeking Alpha

InvenTrust Properties Corp. Reports 2024 First Quarter Results

DOWNERS GROVE, Ill.--(BUSINESS WIRE)--InvenTrust Properties Corp. (“InvenTrust” or the “Company”) (NYSE: IVT) today reported financial and operating results for the first quarter of 2024. For the thre...

5 months ago - Business Wire

The State Of REITs: April 2024 Edition

REITs bounced back from a rough start to the year with a strong +3.26% average total return in March. Mid cap (+5.04%), small cap (+3.90%) and large cap REITs (+2.32%) averaged gains in March, while m...

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