InvenTrust Properties Corp.

InvenTrust Properties Corp. (IVT) reported strong FY 2025 results with total income of $299.2M driven by lease income of $297.5M and other property income of $1.7M. Net income reached $111.4M, boosted by a $91.0M gain on sale of investment properties, despite $128.5M in depreciation and amortization. Total operating expenses were $247.8M, including property operating costs of $46.6M, real estate taxes of $37.7M, and G&A of $34.9M. Other income netted $60.0M after $34.5M interest expense. Comprehensive income was $101.8M. Balance sheet shows net investment properties at $2.48B out of total assets of $2.79B, with debt net at $825.9M and stockholders' equity at $1.79B. Operating cash flow was robust at $155.4M, funding $144.9M in investing outflows (net of $400.9M acquisitions offset by $299.5M dispositions) and $61.2M financing uses. Cash ended at $40.5M after a $50.7M decrease. EPS basic and diluted both at $1 per share on 77.6M basic shares. Prior year shares were 77.45M, indicating modest growth. These results highlight portfolio optimization through $464.6M gross acquisitions and $306.2M dispositions, positioning IVT for sustained REIT performance.

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