Financial Performance - Net Income for Q4 2024 was $9.8 million, or $0.13 per diluted share, compared to $2.9 million, or $0.04 per diluted share in Q4 2023[14]. - Nareit FFO for Q4 2024 was $0.45 per diluted share, and $1.78 per diluted share for the full year[18]. - Core FFO for Q4 2024 was $0.43 per diluted share, and $1.73 per diluted share for the full year[18]. - Same Property Net Operating Income (NOI) growth was 7.1% for Q4 2024 and 5.0% for the full year[18]. - Total income for the year ended December 31, 2024, reached $273,974,000, up 5.9% from $258,676,000 in 2023[32]. - Net income for Q4 2024 was $9,799,000, significantly higher than $2,890,000 in Q4 2023, marking an increase of 239.5%[32]. - Comprehensive income for Q4 2024 was $13,537,000, compared to a loss of $8,164,000 in Q4 2023[32]. - The company reported a net income per common share of $0.13 for Q4 2024, up from $0.04 in Q4 2023, representing a 225% increase[32]. - Nareit FFO applicable to common shares for the year ended December 31, 2024, was $126,710,000, compared to $115,498,000 in 2023[39]. - Adjusted EBITDA for the year ended December 31, 2024, was $158,009,000, an increase from $146,459,000 in 2023[41]. Occupancy and Leasing - Leased Occupancy as of December 31, 2024 was 97.4%, a sequential increase of 40 basis points in Q4 and a full year increase of 120 basis points[18]. - Executed 52 leases in Q4 2024, totaling approximately 232,000 square feet of GLA, with a blended comparable lease spread of 15.5%[18]. - Same Property NOI for Q4 2024 was $45.9 million, reflecting a 7.1% increase compared to Q4 2023[21]. - The company reported a total of 68 properties with an overall occupancy rate of 97.4% as of December 31, 2024[54]. - The company achieved a tenant occupancy rate of 98.5% for properties over 20,000 square feet, indicating strong demand for larger spaces[54]. - The weighted average lease term for all leases executed was 6.2 years[60]. - The company achieved a total of 210 leases executed, covering 1,323 thousand square feet[60]. Acquisitions and Investments - Acquired four properties in Q4 2024, totaling approximately 614,000 square feet, including two properties in Charleston, South Carolina[18]. - The company funded four acquisitions in Q4 2024 totaling $205.5 million, including Stonehenge Village for $62.1 million and The Forum for $41.4 million[21]. - The disciplined acquisition approach in key Sun Belt markets positions the Company for sustained success in 2025 and beyond[16]. - The company acquired properties totaling 282,070 thousand in price and 840 thousand GLA, with all properties fully leased or nearly fully leased[65]. Debt and Liquidity - Total liquidity as of December 31, 2024, was $587.4 million, consisting of $87.4 million in cash and $500.0 million available under the Revolving Credit Facility[23]. - The Company's weighted average interest rate on debt was 4.03% as of December 31, 2024, with $35.9 million of debt maturing in 2025[23]. - The company reported a total debt of $740,415,000 as of December 31, 2024, with a weighted average interest rate of 4.03%[44]. - The company has fixed rate unsecured debt of $650,000,000, which constitutes 87% of total debt[44]. - Total liabilities decreased to $875,945,000 in 2024 from $933,287,000 in 2023, a reduction of 6.15%[31]. Dividends - The Board of Directors approved a 5% increase to the Company's dividends starting in April 2025[18]. - The Company declared a quarterly cash distribution of $0.2263 per share for Q4 2024, with a 5% increase in the annual dividend rate to $0.9508[21]. - The maximum dividend payout ratio was 49.5% in Q4 2024, remaining below the covenant limit of 95%[49]. Future Guidance - Initial guidance for 2025 includes Nareit FFO per diluted share of $1.83 to $1.89, and Core FFO per diluted share of $1.79 to $1.83[25]. - Same Property NOI growth for 2025 is projected at 3.50%, down from 5.0% in 2024[25]. Capital Expenditures - Total capital expenditures and leasing costs for the three months ended December 31, 2024, amounted to $7,381,000, a decrease from $8,037,000 in the previous quarter[51]. - Capital investments and leasing costs for the year ended December 31, 2024, totaled $36,116,000, slightly up from $35,744,000 in 2023[51]. Property Performance - The average base rent (ABR) per square foot across all properties is $20.07, with Texas properties contributing 38.5% to total ABR[54]. - Total Gross Leasable Area (GLA) for the company is 10,972 thousand square feet with an overall occupancy rate of 97.4%[76]. - Annualized Net Operating Income (NOI), excluding ground rent income, is $172,376 thousand, while total NOI is $48,155 thousand for the most recent quarter[80]. Redevelopment and Development Projects - The active redevelopment pipeline includes projects with estimated costs of $28,400 thousand and projected incremental costs of $8,800 thousand, with expected yields of 7-10%[70]. - The company plans to redevelop the Sarasota Pavilion with an estimated cost of $6,800 thousand, expected to complete in Q1 2025[70]. - Recently completed redevelopments include the Southern Palm Crossing at a cost of $1,550 thousand and Buckhead Crossing at a cost of $700 thousand[71].

Financial Data and Key Metrics Changes - Same-property NOI for Q3 2024 was $45.5 million, growing 6.5% year-over-year, driven by an increase in base rent and better collections from revenues deemed uncollectible [13][14] - Year-to-date same-property NOI reached $123.8 million, a 4.2% increase compared to the first nine months of 2023 [14] - NAREIT FFO for the first nine months was $91.8 million or $1.34 per diluted share, reflecting a 7.2% increase year-over-year [14] - Core FFO grew 4.8% to $1.30 per share year-to-date [15] - The company declared an annualized dividend payment of $0.91 per share, a 5% increase over the previous year [17] Business Line Data and Key Metrics Changes - Leased occupancy climbed to 97%, setting a new high watermark for the portfolio [12] - Blended comparable leasing spreads for the quarter were 9.8%, with new leases at 14.2% and renewals at 9.2% [22] - The retention rate was 93%, with 90% of renewals having embedded rent escalators of 3% or higher [22] Market Data and Key Metrics Changes - 97% of the company's ABR is generated from Sun Belt assets, with plans to reach 100% in the future [19] - The total portfolio ABR was $19.83, a 2.4% increase compared to 2023 [22] - The company signed 160 leases for over 1,094,000 square feet year-to-date, indicating strong leasing activity [23] Company Strategy and Development Direction - The company executed a follow-on equity offering raising approximately $250 million to strengthen its balance sheet and support growth [8][9] - Increased net investment activity guidance for the year to a range of $159 million to $215 million due to optimism in the transaction market [11] - Focus on transforming retailer leasing demand into increased ABR and additional portfolio occupancy [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the improving transaction market and expects continued healthy demand for retail space [28][39] - The company anticipates a similar cadence and growth in same-property NOI for 2025 as seen in the last two years [32] - Management noted that bad debt trends have been favorable, with expectations for a normalized run rate around 75 basis points [33] Other Important Information - The company closed on two properties in Q3, including a $23 million acquisition in Phoenix and a $62.1 million acquisition in Richmond [10] - Minimal damage was reported from recent hurricanes, and the company continues to support affected communities [25] Q&A Session Summary Question: Impact of interest rate reversal on acquisition opportunities - Management indicated that the reversal of interest rates has not impacted their acquisition pipeline, and they expect the transaction market to open up post-election [26][28] Question: Performance of tenants in discretionary categories - Management noted that sales have stabilized, with strong performance in value areas and food service, indicating healthy occupancy cost ratios [29] Question: Thoughts on 2025 same-store NOI growth - Management aims for consistent growth in same-property NOI and cash flow, expecting similar growth patterns as in previous years [31][32] Question: Update on noncore assets - Management stated that noncore assets are primarily those outside the Sun Belt, with plans to recycle capital when appropriate [34][36] Question: Changes in the retail environment - Management confirmed robust demand for retail space, with high occupancy levels and broad-based demand across categories [40]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Title of each class Trading Symbol Name of each exchange on which registered Common stock, $0.001 par value IVT New York Stock Exchange Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUAN ...

L | --- | --- | |-----------------------------------------------------------------------------------------|-------| | nvenTrust Properties QUARTERLY FINANCIAL SUPPLEMENTAL QUARTER ENDED SEPTEMBER 30, 2024 | | | | | | | | | IMALA STREET eli Grocery | | | | | Page No. Introductory Notes i Press Release iii | --- | --- | |----------------------------------------------------------------------------------------------------|-------| | Financial Information | | | Summary Financial Information | 1 | | Condensed Con ...

With uncertainty surrounding the market amid the rise in geopolitical tensions and the upcoming presidential election, the REIT sector has experienced a bit of a pullback recently. Cooling from the rally they experienced in July, some Contributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone ...

Smile Like everything else in economics, the business of owning and leasing shopping center space is ultimately dictated by supply & demand. If there is more supply in a given market than demand, it will, of course, benefit the supply side, and the opposite holds true the other way around. Anytime you can spot a supply/demand imbalance, especially if the factors being considered are long-term, structural trends, it may present a good investment opportunity. It's tricky, of course, because by the time you sp ...

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 David - COO Conference Call Participants Jack Armstrong - Wells Fargo Andrew Reale - Bank of America Merrill Lynch Paulina Rojas - Green Street Operator Good morning, or good afternoon. Thank you for standing by, and welcome to InvenTrust Second Quarter 2024 Earnings Conference Call. My name is Adam, and I will ...

III 四 d InvenTrust Properties QUARTERLY FINANCIAL SUPPLEMENTAL QUARTER ENDED JUNE 30, 2024 ell Table of Contents | --- | --- | |----------------------------------------------------------------------------|----------| | | Page No. | | Introductory Notes | | | Press Release | iii | | Financial Information | | | Summary Financial Information | 1 | | Condensed Consolidated Balance Sheets | 2 | | Condensed Consolidated Statements of Operations and Comprehensive Income . | ICS | | Condensed Consolidated Supplemen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40896 INVENTRUST PROPERTIES CORP. (Exact name of registrant as specified in its charter) | --- | --- | --- | |----------------------------- ...

L | --- | --- | |------------------------------------------------------------------------------------|-------| | nvenTrust Properties QUARTERLY FINANCIAL SUPPLEMENTAL QUARTER ENDED JUNE 30, 2024 | | | | | | INTERED STREET eli Grocery | | | | | Page No. Introductory Notes i Press Release iii Financial Information Summary Financial Information 1 Condensed Consolidated Balance Sheets 2 Condensed Consolidated Statements of Operations and Comprehensive Income 3 Condensed Consolidated Supplemental Details of Asse ...