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InvenTrust Properties Corp. 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, and maintaining a flexible capital structure. A trusted, local operator bringing real estate expertise to its tenant relationships, IVT has built a strong reputation with market participants across its portfolio. InvenTrust Properties Corp. was incorporated in October 4th, 2004 in Maryland, USA.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $299M | $274M | $111M | $111M | 6.2% | 9.2% | 715.8% |
| 2024 | $274M | $165M | $14M | $101M | 0.8% | 5.9% | 159.2% |
| 2023 | $259M | $157M | $5M | $94M | 0.3% | 9.3% | -89.9% |
| 2022 | $237M | $174M | $52M | $93M | 3.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 236.71 | 258.68 | 273.97 | 299.17 |
| Operating Revenue | - | 234.14 | 258.60 | 273.97 | 299.17 |
| Cost Of Revenue | - | 73.16 | 77.64 | 79.85 | 84.34 |
| Gross Profit | - | 163.54 | 181.04 | 194.12 | 214.83 |
| Operating Expense | - | 128.29 | 145.23 | 147.12 | 163.42 |
| Selling General And Administration | - | 33.34 | 31.80 | 33.17 | 34.92 |
| Total Expenses | - | 201.46 | 222.87 | 226.97 | 247.76 |
| Operating Income | - | 35.25 | 35.81 | 47 | 51.40 |
| EBITDA | - | 173.96 | 156.84 | 164.71 | 274.44 |
| Normalized EBITDA | - | 135.89 | 154.16 | 164.70 | 183.48 |
| EBIT | - | 79.01 | 43.41 | 50.76 | 145.94 |
| Interest Expense | - | 26.78 | 38.14 | 37.10 | 34.52 |
| Net Interest Income | - | -26.78 | -38.14 | -37.10 | -34.52 |
| Other Non Operating Income Expenses | - | 2.03 | 5.48 | 3.76 | 3.58 |
| Other Income Expense | - | 43.76 | 7.60 | 3.76 | 94.54 |
| Interest Expense Non Operating | - | 26.78 | 38.14 | 37.10 | 34.52 |
| Net Non Operating Interest Income Expense | - | -26.78 | -38.14 | -37.10 | -34.52 |
| Pretax Income | - | 52.23 | 5.27 | 13.66 | 111.42 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 7.99 | 0.56 | 0 | 19.10 |
| Net Income Continuous Operations | - | 52.23 | 5.27 | 13.66 | 111.42 |
| Net Income From Continuing And Discontinued Operation | - | 52.23 | 5.27 | 13.66 | 111.42 |
| Net Income From Continuing Operation Net Minority Interest | - | 52.23 | 5.27 | 13.66 | 111.42 |
| Net Income | - | 52.23 | 5.27 | 13.66 | 111.42 |
| Net Income Common Stockholders | - | 52.23 | 5.27 | 13.66 | 111.42 |
| Net Income Including Noncontrolling Interests | - | 52.23 | 5.27 | 13.66 | 111.42 |
| Normalized Income | - | 22.16 | 3.15 | 13.66 | 39.56 |
| Diluted NI Availto Com Stockholders | - | 52.23 | 5.27 | 13.66 | 111.42 |
| Basic Average Shares | - | 67.41 | 67.53 | 70.39 | 77.60 |
| Diluted Average Shares | - | 67.53 | 67.81 | 71.01 | 78.34 |
| Reconciled Depreciation | - | 89.36 | 110.09 | 111.14 | 124.08 |
| Reconciled Cost Of Revenue | - | 78.75 | 80.98 | 82.66 | 88.76 |
| Total Unusual Items | - | 38.07 | 2.68 | 0 | 90.96 |
| Total Unusual Items Excluding Goodwill | - | 38.07 | 2.68 | 0 | 90.96 |
| Net Income Discontinuous Operations | 0 | - | - | - | - |
| Special Income Charges | - | -0.18 | -0.02 | -3.85 | 0 |
| Other Special Charges | 0.40 | 0.18 | 0.02 | - | - |
| Impairment Of Capital Assets | - | 0 | 0 | 3.85 | 0 |
| Gain On Sale Of Security | - | 38.25 | 2.69 | 3.86 | 90.96 |
| Depreciation Amortization Depletion Income Statement | - | 94.95 | 113.43 | 113.95 | 128.50 |
| Depreciation And Amortization In Income Statement | - | 94.95 | 113.43 | 113.95 | 128.50 |
| General And Administrative Expense | - | 33.34 | 31.80 | 33.17 | 34.92 |
| Other Gand A | - | 33.34 | 31.80 | 33.17 | 34.92 |
| Other Operating Expenses | 19.77 | - | - | - | - |
| Otherunder Preferred Stock Dividend | 0 | 0 | 0 | - | - |
| Earnings From Equity Interest | - | 3.66 | -0.56 | 0 | 0 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| InvenTrust Properties Corp.this co. | IVT | $2.6B | 23.04↓ discount | 1.43 | 6.2% | 12.22 |
| Dynex Capital, Inc. | DX | $2.8B | 8.77 | 1.19 | 13.6% | - |
| Douglas Emmett, Inc. | DEI | $2.4B | 150.56 | 1.29 | 0.9% | 11.72 |
| Sunstone Hotel Investors, Inc. | SHO | $2.1B | 87.20 | 1.29 | 1.5% | 14.19 |
| Diversified Healthcare Trust | DHC |
| - |
| - |
| - |
| - |
| - |
| - |
| $2.1B |
| -7.28 |
| 1.25 |
| -17.2% |
| 30.06 |
| Veris Residential, Inc. | VRE | $1.9B | 25.83 | 1.69 | 6.5% | 13.17 |
| Pebblebrook Hotel Trust | PEB | $1.9B | -29.01 | 0.77 | -2.7% | 15.31 |
| NETSTREIT Corp. | NTST | $1.9B | 276.42 | 1.32 | 0.5% | 21.45 |
| American Assets Trust, Inc. | AAT | $1.9B | 25.93 | 1.61 | 6.2% | 12.35 |
| Peer Median | - | 25.88 | 1.29 | 1.2% | 14.19 | |