InvenTrust Properties (IVT)
NYSE:IVT
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InvenTrust Properties
(NYSE:IVT)
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Rating:76Outperform
Price Target:
$35.00
▲(14.98% Upside)
Action:ReiteratedDate:02/13/26
The score is driven primarily by solid financial performance (strong 2025 rebound and consistently positive free cash flow) and constructive technical momentum (price above key moving averages with positive MACD). Positive earnings-call guidance and strong leasing/liquidity add support, while valuation is only moderate at ~20x earnings and risks include past earnings volatility, higher 2025 leverage, and near-term headwinds from credit-loss normalization and higher interest costs.
Positive Factors
Same-property NOI growth
Consistent mid-single-digit same-property NOI growth across multiple years signals durable portfolio cash-flow resilience. That sustained NOI expansion drives FFO and underwriting flexibility, supporting dividends, redevelopment funding and organic value creation over the next 2–6 months.
Negative Factors
Step-up in leverage and uneven ROE
A recent increase in leverage and historically volatile ROE reduce financial flexibility and increase sensitivity to rising interest costs. Higher leverage amplifies earnings volatility and constrains the company’s ability to fund redevelopment or acquisitions without adding financing risk or shareholder dilution.
Read all positive and negative factors
Positive Factors
Negative Factors
Same-property NOI growth
Consistent mid-single-digit same-property NOI growth across multiple years signals durable portfolio cash-flow resilience. That sustained NOI expansion drives FFO and underwriting flexibility, supporting dividends, redevelopment funding and organic value creation over the next 2–6 months.
Read all positive factors
InvenTrust Properties (IVT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.37B
Dividend Yield3.26%
Average Volume (3M)540.77K
Price to Earnings (P/E)19.6
Beta (1Y)0.39
Revenue Growth9.40%
EPS Growth1433.20%
CountryUS
Employees101
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)0.03
Shares Outstanding77,699,240
10 Day Avg. Volume614,961
30 Day Avg. Volume540,773
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.22
Price to Sales (P/S)7.32
P/FCF Ratio19.74
Enterprise Value/Market Cap1.33
Enterprise Value/Revenue10.55
Enterprise Value/Gross Profit21.64
Enterprise Value/Ebitda10.24
Forecast
1Y Price Target
$34.67Price Target Upside13.90% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.21
Revenue Forecast (FY)$324.89M
InvenTrust Properties Business Overview & Revenue Model
Company Description
InvenTrust Properties Corp. is a premier multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood centers, and select power centers that often have a grocery component, predominantly in Sun Belt ma...
How the Company Makes Money
InvenTrust Properties generates revenue primarily through leasing its properties to retail tenants, which provides a consistent stream of rental income. The company benefits from long-term lease agreements that often include contractual rent escal...
InvenTrust Properties Earnings Call Summary
Earnings Call Date:Feb 10, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
Earnings Call Sentiment Positive
The call conveyed a largely positive operating and financial story: strong same-property NOI growth (5.3%), solid FFO and core FFO gains (NAREIT FFO +6.2% YoY), robust leasing metrics (30.9% new lease spreads, small shop occupancy 94%), disciplined acquisitions (> $460M in 2025 and ~$300M net targeted for 2026 with ~50% visibility), strong liquidity ($480M) and a modest dividend increase. Headwinds include modest credit loss normalization (guidance 30–70 bps), an interest rate swap reset increasing cost of debt (modest FFO headwind), competitive acquisition markets, higher share count dilution, and a delayed California disposition and a planned anchor departure tied to redevelopment. Overall, the positives in operating performance, balance sheet strength, and measured growth plans noticeably outweigh the listed challenges.Positive Updates
Same Property NOI Growth
Full-year same property NOI grew 5.3% (second straight year >5%, fifth consecutive year >4%); Q4 same property NOI was $44.3M, up 3.0% year over year.
Negative Updates
Credit Loss / Bad Debt Headwinds
Bad debt reserves were a ~20 bps headwind to same property NOI in 2025; guidance for 2026 incorporates a bad debt reserve of ~30–70 bps, reflecting some expected normalization of credit loss.
Read all updates
Q4-2025 Updates
Positive
Negative
Same Property NOI Growth
Full-year same property NOI grew 5.3% (second straight year >5%, fifth consecutive year >4%); Q4 same property NOI was $44.3M, up 3.0% year over year.
Read all positive updates
Company Guidance
Management guided 2026 to full-year same-property NOI growth of 3.25%–4.25% (which assumes a bad‑debt reserve of ~30–70 bps), NAREIT FFO of $1.97–$2.03/sh (midpoint ≈ +5.8% YoY) and core FFO of $1.91–$1.95/sh (midpoint ≈ +5.5% YoY), with roughly $300M of net investment activity planned; they end 2025 with $480M liquidity ($35M cash, $445M revolver), a ~4% weighted average interest rate, net leverage of 26.3% and trailing net debt/adjusted EBITDA of 4.5x (management targets ~5.0x forward and would not exceed ~5.5x), note a $200M term‑loan swap reset from ~2.7% to 4.5% will create a modest ~1–1.5¢ FFO headwind, the board approved a 5% dividend increase to $1.00 annualized, and internal redevelopment is expected to add ~50–100 bps of incremental NOI annually.InvenTrust Properties Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
67
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 299.17M | 273.97M | 258.68M | 236.71M | 211.98M |
| Gross Profit | -42.17M | 194.12M | 181.03M | 163.54M | 147.88M |
| EBITDA | 274.44M | 164.71M | 156.84M | 130.20M | 98.04M |
| Net Income | 111.42M | 13.66M | 5.27M | 52.23M | -5.36M |
Balance Sheet | |||||
| Total Assets | 2.79B | 2.64B | 2.49B | 2.47B | 2.21B |
| Cash, Cash Equivalents and Short-Term Investments | 40.52M | 91.22M | 96.39M | 137.62M | 36.99M |
| Total Debt | 825.88M | 740.41M | 814.57M | 754.55M | 533.08M |
| Total Liabilities | 994.38M | 875.95M | 933.29M | 869.13M | 640.86M |
| Stockholders Equity | 1.79B | 1.76B | 1.55B | 1.60B | 1.57B |
Cash Flow | |||||
| Free Cash Flow | 110.89M | 100.76M | 93.88M | 102.07M | 70.54M |
| Operating Cash Flow | 155.42M | 136.88M | 129.62M | 125.80M | 89.96M |
| Investing Cash Flow | -144.91M | -240.53M | -79.72M | -144.46M | -64.70M |
| Financing Cash Flow | -61.21M | 95.12M | -87.90M | 111.57M | -204.17M |
InvenTrust Properties Technical Analysis
Positive
30.44
Price Trends
30.37
Positive
29.23
Positive
28.49
Positive
Market Momentum
0.08
Positive
44.69
Neutral
7.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IVT, the sentiment is Positive. The current price of 30.44 is below the 20-day moving average (MA) of 31.05, above the 50-day MA of 30.37, and above the 200-day MA of 28.49, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 44.69 is Neutral, neither overbought nor oversold. The STOCH value of 7.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IVT.
InvenTrust Properties Risk Analysis
InvenTrust Properties disclosed 82 risk factors in its most recent earnings report. InvenTrust Properties reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
InvenTrust Properties Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $2.37B | 19.65 | 6.65% | 3.26% | 9.40% | 1433.20% | |
75 Outperform | $2.60B | 21.07 | 7.40% | 6.10% | 8.28% | 1.49% | |
74 Outperform | $1.90B | 19.46 | 7.86% | 6.77% | 8.17% | 9.96% | |
70 Outperform | $2.70B | 61.18 | 2.07% | 3.13% | ― | ― | |
69 Neutral | $2.05B | 211.40 | 0.51% | 4.61% | 19.92% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | $2.50B | 198.19 | 0.75% | 3.83% | 8.85% | 27.38% |
* Real Estate Sector Average
IVT
InvenTrust Properties
30.44
1.80
6.28%
GTY
Getty Realty
31.91
2.75
9.42%
AKR
Acadia Realty
18.77
-1.75
-8.53%
FCPT
Four Corners Property
23.71
-4.20
-15.05%
NTST
NETSTREIT
18.65
3.54
23.41%
CURB
Curbline Properties Corp.
25.60
2.10
8.92%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.