InvenTrust Properties (IVT) AI Stock Analysis

• Market Cap: $2.06B
• Dividend Yield: 3.45%
• Average Volume (3M): 473.38K
• Price to Earnings (P/E): 138.3
• Beta (1Y): 0.55
• Revenue Growth: 5.61%
• EPS Growth: 135.64%
• Country: US
• Employees: 101
• Sector: Real Estate
• Sector Strength: 70
• Industry: REIT - Retail
• EPS (TTM): 0.18
• Shares Outstanding: 77,460,270
• 10 Day Avg. Volume: 470,691
• 30 Day Avg. Volume: 473,385
• PEG Ratio: 1.02
• Price to Book (P/B): N/A
• Price to Sales (P/S): 8.08
• Price to Cash Flow (P/CF): 15.00
• P/FCF Ratio: 20.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $32.33
• Price Target Upside: 21.59% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

InvenTrust Properties demonstrates solid financial performance with strengths in revenue growth and profitability. The technical analysis suggests moderate momentum, while valuation concerns due to a high P/E ratio are offset by a decent dividend yield. Positive sentiment from the latest earnings call highlights strong strategic positioning and potential for future growth.

Positive Factors

Geographic Portfolio Advantage

With 97% of its annualized base rents in the Sunbelt, IVT's portfolio is weighted towards MSAs with better population and wage growth.

Leasing Environment

The current low supply environment is supportive of leasing in favor of landlords.

Negative Factors

Debt Maturity

The deceleration from 2025 to 2026 is a result of unsecured debt maturity in 2026 and our spec credit reserve timing.

Earnings Growth

A growth rate below coverage on recurring earnings as we look out to 2026.

InvenTrust Properties Business Overview & Revenue Model

Company Description

InvenTrust Properties (IVT) is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership, and management of open-air shopping centers. The company primarily operates within the retail sector, focusing on high-quality assets located in high-growth markets across the United States. InvenTrust Properties aims to create value through strategic leasing, property management, and capital improvements, catering to a diverse array of tenants, including grocery stores, national retailers, and local businesses.

How the Company Makes Money

InvenTrust Properties generates revenue primarily through rental income from its portfolio of open-air shopping centers. The company leases retail spaces to a variety of tenants, collecting rent and related charges such as property management and maintenance fees. Additionally, InvenTrust may engage in strategic property sales to optimize its portfolio, realizing capital gains from the appreciation of its assets. Key factors contributing to its earnings include strong tenant relationships, high occupancy rates, and the strategic location of its properties in economically robust markets. InvenTrust's partnerships with major national retailers also support stable and predictable cash flows, enhancing its financial performance.

InvenTrust Properties Financial Statement Overview

Summary

InvenTrust Properties demonstrates strong financial health, with improvements in profitability and a stable balance sheet. The company's strategic focus on reducing debt enhances its financial flexibility. While the income statement and cash flow metrics reflect areas of operational and cash management efficiencies, ongoing attention to cost control and capital allocation will be essential to sustain growth and profitability in the competitive REIT sector.

Income Statement

InvenTrust Properties shows a positive trajectory in its income statement with a solid revenue growth rate of 5.3% from previous year to TTM (Trailing-Twelve-Months). The company maintains a healthy gross profit margin of 50%, and a notable improvement in net profit margin to 5% in TTM, reflecting improved cost management and profitability. However, the decline in gross profit from the previous year is a concern, suggesting potential cost pressures or pricing challenges. The EBIT and EBITDA margins at 17% and 59% respectively, highlight strong operational efficiency and cash generation capabilities.

Balance Sheet

The balance sheet of InvenTrust Properties is robust, characterized by a significant reduction in total debt, resulting in a debt-to-equity ratio of 0, which indicates no current debt obligations. The equity ratio stands at a strong 67%, demonstrating a solid capital structure. Return on equity is modest at 0.8% due to relatively lower net income, yet the overall equity position provides a cushion against market fluctuations.

Cash Flow

InvenTrust Properties displays steady cash flow performance with a slight decline in operating cash flow from the previous year. The operating cash flow to net income ratio of 7.3 is strong, indicating efficient cash conversion from earnings. However, the free cash flow growth rate shows a negative trend, highlighting potential challenges in managing capital expenditures and investment needs.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
272.44M	259.82M	236.71M	211.98M	197.83M
	Gross Profit
192.59M	182.18M	163.54M	147.88M	139.08M
	EBIT
45.47M	35.81M	40.94M	9.78M	25.43M
	EBITDA
164.71M	156.84M	173.96M	98.04M	96.33M
	Net Income Common Stockholders
13.66M	5.27M	25.46M	-28.63M	-36.17M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
91.22M	96.39M	137.76M	44.85M	222.61M
	Total Assets
2.64B	2.49B	2.47B	2.21B	2.41B
	Total Debt
740.41M	814.57M	754.55M	533.08M	557.09M
	Net Debt
653.02M	718.18M	616.79M	488.23M	334.48M
	Total Liabilities
875.95M	933.29M	869.13M	640.86M	668.48M
	Stockholders Equity
1.76B	1.55B	1.60B	1.57B	1.74B
Cash Flow		Free Cash Flow
100.76M	102.32M	102.07M	70.54M	75.49M
	Operating Cash Flow
136.88M	129.62M	125.80M	89.96M	94.16M
	Investing Cash Flow
-240.53M	-79.72M	-144.46M	-64.70M	-49.06M
	Financing Cash Flow
95.12M	-87.90M	111.57M	-204.17M	-82.07M

InvenTrust Properties Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 26.59
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IVT, the sentiment is Negative. The current price of 26.59 is below the 20-day moving average (MA) of 28.27, below the 50-day MA of 28.94, and below the 200-day MA of 28.52, indicating a bearish trend. The MACD of -0.65 indicates Positive momentum. The RSI at 37.64 is Neutral, neither overbought nor oversold. The STOCH value of 34.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IVT.

InvenTrust Properties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GTY	80 Outperform	$1.55B	22.38	7.41%	6.55%	9.44%	8.76%
FCPT	79 Outperform	$2.71B	25.38	7.43%	5.16%	6.96%	-0.41%
WSR	76 Outperform	$1.31B	17.84	8.66%	3.95%	5.13%	88.91%
IVT	73 Outperform	$2.06B	138.27	0.82%	3.45%	5.61%	135.64%
CURB	61 Neutral	$2.38B	77.38		―	―	―
Sector *	61 Neutral	$4.24B	15.87	-3.65%	12.20%	6.29%	-21.37%
AKR	60 Neutral	$2.28B	98.89	1.11%	4.07%	1.69%	-7.10%

InvenTrust Properties Corporate Events

InvenTrust Properties Highlights Strong Financial Performance

On February 24, 2025, InvenTrust Properties Corp. released an investor presentation detailing its financial performance and strategic focus. The company reported strong fundamentals with a high tenant retention rate and substantial leased occupancy. It highlighted its emphasis on grocery-anchored properties, which contribute to stable NOI growth and durable cash flow. InvenTrust is focused on expanding its presence in the Sun Belt region, which is experiencing favorable demographic trends. The company’s investment-grade balance sheet and robust liquidity position it well for future growth, while its governance and corporate responsibility initiatives underscore its commitment to sustainable practices.

InvenTrust Properties Appoints Julie Swinehart to Board

On February 19, 2025, InvenTrust Properties announced the appointment of Julie M. Swinehart to its Board of Directors, expanding the board to ten members. Ms. Swinehart, who brings significant financial expertise and leadership experience from her roles at Fenway Sports Group and Retail Properties of America, will also join the Audit and Compensation Committees. This strategic move aims to leverage her insights in finance and retail real estate to strengthen the company’s governance and drive long-term value for stakeholders. Concurrently, Michael A. Stein and Thomas F. Glavin announced they will not seek re-election at the company’s 2025 Annual Meeting, which will result in the board’s reduction to eight members following their departure.