InvenTrust Properties (IVT)
NYSE:IVT
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InvenTrust Properties
(NYSE:IVT)
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Rating:70Outperform
Price Target:
$35.00
▲(7.30% Upside)
Action:ReiteratedDate:05/07/26
IVT’s score is driven primarily by solid underlying financial performance (notably strong cash generation) and a positive earnings update with raised guidance and strong leasing/acquisition momentum. Offsetting these positives are an expensive valuation (very high P/E) and only moderate technical momentum, with some near-term occupancy and financing-cost headwinds.
Positive Factors
Cash generation quality
Consistently positive operating and free cash flow, with FCF growing in the trailing twelve months, supports durable dividend coverage, funds selective redevelopments and acquisitions, and underpins earnings quality independent of accounting volatility. This cash base strengthens long-term financial flexibility.
Negative Factors
Material leverage on balance sheet
Debt is sizeable for a retail REIT and balance-sheet flexibility is only moderate. Elevated leverage limits ability to absorb cyclical rent weakness or tenant distress, raises refinancing risk if markets tighten, and makes capital allocation more sensitive to interest-cost and profitability swings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation quality
Consistently positive operating and free cash flow, with FCF growing in the trailing twelve months, supports durable dividend coverage, funds selective redevelopments and acquisitions, and underpins earnings quality independent of accounting volatility. This cash base strengthens long-term financial flexibility.
Read all positive factors
InvenTrust Properties (IVT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.44B
Dividend Yield3.26%
Average Volume (3M)540.77K
Price to Earnings (P/E)114.5
Beta (1Y)0.39
Revenue Growth9.91%
EPS Growth518.94%
CountryUS
Employees101
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)1.42
Shares Outstanding77,935,860
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 Cap1.41
Enterprise Value/Revenue11.17
Enterprise Value/Gross Profit22.53
Enterprise Value/Ebitda10.95
Forecast
1Y Price Target
$33.40Price Target Upside2.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.19
Revenue Forecast (FY)$329.92M
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
IVT makes money primarily by acquiring and owning income-producing retail real estate and generating recurring cash flows from leasing that space to tenants.
Key revenue streams:
1) Base rental income (primary): IVT earns contractual minimum rent...
InvenTrust Properties Key Performance Indicators (KPIs)
InvenTrust Properties Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 03, 2026
Earnings Call Sentiment Positive
The call conveyed solid operating momentum: same-property NOI growth, double-digit NAREIT FFO growth, strong leasing spreads, an active acquisition pipeline, improved full-year guidance, and healthy liquidity. Near-term headwinds include temporary occupancy losses driven by a small set of larger-format small-shop vacancies, some bad debt impact, interest expense pressure, and a competitive transaction market. Management emphasized visibility into backfill opportunities, a robust SNO pipeline weighted to the back half of the year, and disciplined capital deployment. On balance, the positive items (growth, guidance raise, leasing strength, acquisitions, and liquidity) materially outweigh the transitory and manageable negatives.Positive Updates
Same-Property NOI and FFO Growth
Same-property NOI rose 2.6% year-over-year to $48.7M. NAREIT FFO increased 10.4% to $41.3M ($0.53 per diluted share) and Core FFO rose 6.5% to $0.49 per share, driven primarily by higher same-property NOI and net acquisition activity.
Negative Updates
Temporary Occupancy and Bad Debt Headwinds
Same-property NOI was partially offset by a ~60 bps temporary occupancy headwind and ~40 bps from bad debt. Seven larger-format small shop vacancies drove the short-term occupancy change, though six of seven are signed or under LOI.
Read all updates
Q1-2026 Updates
Positive
Negative
Same-Property NOI and FFO Growth
Same-property NOI rose 2.6% year-over-year to $48.7M. NAREIT FFO increased 10.4% to $41.3M ($0.53 per diluted share) and Core FFO rose 6.5% to $0.49 per share, driven primarily by higher same-property NOI and net acquisition activity.
Read all positive updates
Company Guidance
Management reaffirmed full‑year same‑property NOI growth of 3.25%–4.25% and said selective small‑scale redevelopment should add roughly 90–100 basis points to same‑property NOI in 2026; they raised NAREIT FFO guidance to $2.00–$2.06 per share (≈7.4% growth at the midpoint vs. 2025) and Core FFO to $1.92–$1.96 per share (≈6% growth at the midpoint), citing mark‑to‑market lease adjustments and stronger acquisition cadence. Quarter results backing the guide included same‑property NOI of $48.7M (+2.6%), NAREIT FFO of $41.3M or $0.53 per diluted share (+10.4%), and Core FFO of $0.49 per share (+6.5%); balance sheet and capital metrics highlighted $346M total liquidity ($27M cash, $319M revolver), a 4.1% weighted average interest rate with a 4‑year weighted average term, net leverage of 29.7% and net debt/adjusted EBITDA of 5.2x, plus a subsequent $250M private‑note placement (WA tenor ~5.4 years, WA fixed rate ~5.4%) expected to fund 6/29/2026. Management has completed $123M toward a $300M net investment target with $167M more awarded/under contract (≈$290M closed/under‑contract/awarded gross) and declared a $0.25 quarterly dividend (up 5%).InvenTrust Properties Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
68
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 307.53M | 299.17M | 273.97M | 258.68M | 236.71M | 211.98M |
| Gross Profit | 152.55M | -42.17M | 194.12M | 181.03M | 163.54M | 147.88M |
| EBITDA | 313.70M | 274.44M | 164.71M | 156.84M | 130.20M | 98.04M |
| Net Income | 109.81M | 111.42M | 13.66M | 5.27M | 52.23M | -5.36M |
Balance Sheet | ||||||
| Total Assets | 2.89B | 2.79B | 2.64B | 2.49B | 2.47B | 2.21B |
| Cash, Cash Equivalents and Short-Term Investments | 34.40M | 40.52M | 91.22M | 96.39M | 137.62M | 36.99M |
| Total Debt | 1.03B | 825.88M | 740.41M | 814.57M | 754.55M | 533.08M |
| Total Liabilities | 1.11B | 994.38M | 875.95M | 933.29M | 869.13M | 640.86M |
| Stockholders Equity | 1.78B | 1.79B | 1.76B | 1.55B | 1.60B | 1.57B |
Cash Flow | ||||||
| Free Cash Flow | 112.20M | 110.89M | 100.76M | 93.88M | 102.07M | 70.54M |
| Operating Cash Flow | 155.43M | 155.42M | 136.88M | 129.62M | 125.80M | 89.96M |
| Investing Cash Flow | -266.06M | -144.91M | -240.53M | -79.72M | -144.46M | -64.70M |
| Financing Cash Flow | 60.44M | -61.21M | 95.12M | -87.90M | 111.57M | -204.17M |
InvenTrust Properties Technical Analysis
Positive
32.62
Price Trends
30.85
Positive
29.61
Positive
28.59
Positive
Market Momentum
0.45
Negative
71.87
Negative
84.61
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 32.62 is above the 20-day moving average (MA) of 31.09, above the 50-day MA of 30.85, and above the 200-day MA of 28.59, indicating a bullish trend. The MACD of 0.45 indicates Negative momentum. The RSI at 71.87 is Negative, neither overbought nor oversold. The STOCH value of 84.61 is Negative, 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $2.00B | 17.87 | 8.76% | 6.77% | 8.23% | 24.98% | |
75 Outperform | $2.96B | 20.58 | 2.03% | 3.83% | 9.83% | 80.92% | |
74 Outperform | $2.76B | 21.30 | 7.39% | 6.10% | 10.16% | 3.37% | |
72 Outperform | $2.94B | 214.92 | 1.72% | 3.13% | 54.10% | 154.17% | |
70 Outperform | $2.44B | 114.48 | 6.10% | 3.26% | 9.91% | 518.94% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | $2.02B | 79.09 | 0.78% | 4.61% | 20.51% | ― |
* Real Estate Sector Average
IVT
InvenTrust Properties
31.34
3.43
12.29%
GTY
Getty Realty
33.02
6.34
23.74%
AKR
Acadia Realty
21.77
2.02
10.22%
FCPT
Four Corners Property
25.17
-0.59
-2.31%
NTST
NETSTREIT
20.67
5.61
37.21%
CURB
Curbline Properties Corp.
27.88
4.81
20.82%
InvenTrust Properties Corporate Events
Executive/Board ChangesShareholder Meetings
InvenTrust Stockholders Back Board, Auditor and Pay Policies
Positive
May 6, 2026
On May 5, 2026, InvenTrust Properties Corp. held its 2026 Annual Meeting of Stockholders, where shareholders elected eight directors, including Stuart W. Aitken, Amanda E. Black, and CEO Daniel J. Busch, to serve until the next annual meeting. The...
Financial DisclosuresRegulatory Filings and Compliance
InvenTrust Properties Posts New Regulation FD Investor Presentation
Neutral
May 1, 2026
On May 1, 2026, InvenTrust Properties Corp. posted a new investor presentation on its website and furnished it in connection with a Form 8-K. The deck is positioned as summary information meant to be read alongside the company’s SEC filings ...
Business Operations and StrategyPrivate Placements and Financing
InvenTrust Properties Privately Places $250 Million Senior Notes
Positive
Apr 17, 2026
On April 16, 2026, InvenTrust Properties Corp. signed a definitive note purchase agreement to privately place $250 million of senior unsecured notes, split among 5.09% Series A notes due June 29, 2029, 5.32% Series B notes due June 29, 2031 and 5....
Business Operations and StrategyRegulatory Filings and Compliance
InvenTrust Posts New Investor Presentation With Legal Disclaimers
Neutral
Feb 26, 2026
On February 25, 2026, InvenTrust Properties Corp. posted a new investor presentation on its website, positioning the materials as supplemental to its ongoing Securities and Exchange Commission filings and other public announcements. The company em...
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.