InvenTrust Properties (IVT) AI Stock Analysis

• Market Cap: $2.20B
• Dividend Yield: 3.23%
• Average Volume (3M): 439.85K
• Price to Earnings (P/E): 125.3
• Beta (1Y): 0.53
• Revenue Growth: 7.45%
• EPS Growth: 119.81%
• Country: US
• Employees: 101
• Sector: Real Estate
• Sector Strength: 75
• Industry: REIT - Retail
• EPS (TTM): 0.09
• Shares Outstanding: 77,567,764
• 10 Day Avg. Volume: 404,734
• 30 Day Avg. Volume: 439,851
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.36
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 15.42
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $31.00
• Price Target Upside: 9.19% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

InvenTrust Properties exhibits strong financial performance with a robust balance sheet and strategic growth in high-demand markets. Technical indicators suggest a neutral market stance with potential caution due to overvaluation concerns. The company's positive earnings call outlook, coupled with low leverage and dividend growth, supports a favorable stock position despite economic uncertainties.

Positive Factors

Investment Strategy

IVT's focus on Sunbelt markets and its willingness to invest opportunistically across retail formats should generate positive results for shareholders even in a challenging market.

Market Environment

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

Portfolio Performance

IVT's portfolio is performing well in the strong retail environment, generating SSNOI growth of 5.1% compared to 3.9% for the peer group.

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.

Valuation Concerns

IVT shares trade at a 15.2x multiple, an 8.5% premium to the peer group, leading to a Hold rating despite the premium multiple.

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 markets with favorable demographics. We seek to continue to execute our strategy to enhance our multi-tenant retail platform by further investing in grocery-anchored centers with essential retail in our current markets, while exhibiting focused and disciplined capital allocation.

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 a solid revenue growth rate, improved net profit margin, and a robust balance sheet characterized by zero debt. However, challenges such as a decline in gross profit and negative free cash flow growth rate indicate areas needing attention.

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
273.97M	259.82M	236.71M	211.98M	197.83M
	Gross Profit
194.12M	182.18M	163.54M	147.88M	139.08M
	EBIT
47.00M	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: Positive
• Last Price: 28.39
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 28.39 is above the 20-day moving average (MA) of 27.34, above the 50-day MA of 28.35, and below the 200-day MA of 28.75, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 55.71 is Neutral, neither overbought nor oversold. The STOCH value of 82.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IVT.

InvenTrust Properties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FCPT	80 Outperform	$2.80B	26.10	7.62%	5.02%	6.20%	0.28%
CURB	75 Outperform	$2.48B	80.60		―	―	―
GTY	74 Outperform	$1.56B	23.25	7.23%	6.55%	7.80%	4.15%
IVT	72 Outperform	$2.20B	125.29	1.07%	3.23%	7.45%	119.81%
WSR	69 Neutral	$1.29B	21.03	7.33%	3.98%	4.39%	24.45%
AKR	67 Neutral	$5.18B	119.44	0.92%	3.84%	2.62%	84.20%
Sector *	60 Neutral	$2.79B	11.29	0.22%	8508.24%	6.33%	-14.20%

InvenTrust Properties Corporate Events

InvenTrust Properties Highlights Strong Q1 2025 Performance

On May 1, 2025, InvenTrust Properties Corp. released an investor presentation outlining its performance and strategic focus. The company reported strong fundamentals with a 97.3% leased occupancy rate and a 90% tenant retention rate for the first quarter of 2025. InvenTrust continues to focus on its grocery-anchored portfolio, which generates 86% of its net operating income, and aims to capitalize on demographic trends in the Sun Belt region. The company maintains a robust balance sheet with investment-grade ratings and a pipeline for future growth, positioning itself favorably in the retail real estate market.

Spark’s Take on IVT Stock

According to Spark, TipRanks’ AI Analyst, IVT is a Outperform.

InvenTrust Properties has a solid overall performance, driven by strong financial health and strategic acquisitions. While the high P/E ratio suggests potential overvaluation, the company’s low leverage and dividend yield provide stability. Technical indicators point to a neutral market stance, with potential resistance levels. The focus on high-growth Sunbelt markets and grocery-anchored properties positions InvenTrust well for future growth, despite economic uncertainties.

To see Spark’s full report on IVT stock, click here.

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.