NYSE : IVT
InvenTrust Properties Corp. — Financial statements
Real Estate · REIT - Retail · United States
Last price 31.03 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.42B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 328.02M | 297.48M | 272.44M | 257.15M | 232.98M | 207.35M |
| Other Revenue | 1.89M | 1.69M | 1.53M | 973.00K | 7.39M | 17.72M |
| Total Revenue | 329.91M | 299.17M | 273.97M | 258.12M | 240.37M | 225.07M |
| Property Expenses | 90.52M | 84.34M | 79.85M | 77.64M | 73.16M | 64.10M |
| Selling, General & Administrative | 39.33M | 38.08M | 36.38M | 34.49M | 35.88M | 40.33M |
| Depreciation & Amortization | 146.03M | 125.34M | 110.73M | 110.74M | 92.42M | 85.00M |
| Total Operating Expenses | 275.88M | 247.76M | 226.97M | 222.87M | 201.46M | 189.44M |
| Operating Income | 54.02M | 51.40M | 47.00M | 35.25M | 38.91M | 35.63M |
| Interest Expense | -43.51M | -34.52M | -37.10M | -38.14M | -26.78M | -16.26M |
| Other Non-Operating Income | 728.00K | 3.58M | 3.75M | 5.48M | 2.03M | -19.16M |
| EBT Excluding Unusual Items | 11.25M | 20.46M | 13.65M | 2.59M | 14.16M | 209.00K |
| Gain (Loss) on Sale of Investments | -6.69M | |||||
| Gain (Loss) on Sale of Assets | 17.38M | 90.96M | 3.86M | 2.69M | 38.25M | 1.52M |
| Asset Writedown | -3.85M | |||||
| Other Unusual Items | -15.00K | -181.00K | -400.00K | |||
| Pretax Income | 28.63M | 111.42M | 13.66M | 5.27M | 52.23M | -5.36M |
| Earnings From Continuing Operations | 28.63M | 111.42M | 13.66M | 5.27M | 52.23M | -5.36M |
| Net Income | 28.63M | 111.42M | 13.66M | 5.27M | 52.23M | -5.36M |
| Net Income to Common | 28.63M | 111.42M | 13.66M | 5.27M | 52.23M | -5.36M |
| Basic Shares Outstanding | 77.87M | 77.60M | 70.39M | 67.53M | 67.41M | 71.07M |
| Diluted Shares Outstanding | 78.57M | 78.34M | 71.01M | 67.81M | 67.53M | 71.07M |
| EPS (Basic) | 0.37 | 1.44 | 0.19 | 0.08 | 0.77 | -0.08 |
| EPS (Diluted) | 0.36 | 1.42 | 0.19 | 0.08 | 0.77 | -0.08 |
| Dividend Per Share | 0.99 | 0.95 | 0.91 | 0.86 | 0.82 | 0.78 |
| Operating Margin | 16.38% | 17.18% | 17.16% | 13.66% | 16.19% | 15.83% |
| Profit Margin | 8.68% | 37.24% | 4.98% | 2.04% | 21.73% | -2.38% |
| EBITDA | 193.25M | 172.78M | 155.31M | 142.99M | 125.95M | 116.36M |
| EBITDA Margin | 58.58% | 57.76% | 56.69% | 55.40% | 52.40% | 51.70% |
| D&A For Ebitda | 139.23M | 121.38M | 108.31M | 107.74M | 87.03M | 80.72M |
| EBIT | 54.02M | 51.40M | 47.00M | 35.25M | 38.91M | 35.63M |
| EBIT Margin | 16.38% | 17.18% | 17.16% | 13.66% | 16.19% | 15.83% |
| Funds From Operations (FFO) | 159.34M | 147.85M | 126.71M | 115.50M | 111.98M | 84.09M |
| FFO Per Share | 2.03 | 1.89 | 1.78 | 1.70 | 1.66 | |
| Adjusted Funds From Operations (AFFO) | 147.85M | 126.71M | 115.50M | 111.98M | 84.09M | |
| AFFO Per Share | 1.89 | 1.78 | 1.70 | 1.66 | ||
| FFO Payout Ratio | 47.62% | 49.27% | 49.55% | 49.78% | 49.39% | 66.07% |
| Revenue as Reported | 329.91M | 299.17M | 273.97M | 258.68M | 236.71M | 211.98M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 2.66B | 2.48B | 2.33B | 2.20B | 2.09B | 1.93B |
| Cash & Equivalents | 36.70M | 34.97M | 87.39M | 96.39M | 137.62M | 36.99M |
| Accounts Receivable | 44.78M | 37.47M | 36.13M | 35.35M | 34.53M | 30.06M |
| Other Intangible Assets | 211.59M | 193.96M | 137.42M | 114.48M | 101.17M | 81.03M |
| Restricted Cash | 5.54M | 3.83M | 3.38M | 142.00K | 7.87M | |
| Trading Asset Securities | 20.27M | 5.20M | 14.43M | 18.07M | 26.72M | |
| Deferred Long-Term Charges | 31.90M | 30.32M | 28.00M | 22.08M | 21.77M | 22.94M |
| Other Long-Term Assets | 56.13M | 107.94M | ||||
| Total Assets | 3.01B | 2.79B | 2.64B | 2.49B | 2.47B | 2.21B |
| Current Portion of Long-Term Debt | 197.00K | 1.21M | 4.32M | |||
| Current Portion of Leases | 269.00K | 1.07M | ||||
| Long-Term Debt | 1.03B | 814.03M | 740.41M | 814.57M | 754.55M | 533.08M |
| Long-Term Leases | 12.78M | 12.14M | 3.02M | 3.27M | 3.19M | |
| Accounts Payable | 60.90M | 48.29M | 46.42M | 44.58M | 42.79M | 36.21M |
| Other Current Liabilities | 19.49M | 25.44M | 17.51M | 14.59M | 13.84M | 13.80M |
| Other Long-Term Liabilities | 107.47M | 92.21M | 71.60M | 56.52M | 54.68M | 50.26M |
| Total Liabilities | 1.23B | 994.38M | 875.95M | 933.29M | 869.12M | 640.86M |
| Common Stock | 78.00K | 78.00K | 77.00K | 68.00K | 67.00K | 67.00K |
| Additional Paid-In Capital | 5.74B | 5.74B | 5.73B | 5.47B | 5.46B | 5.45B |
| Distributions in Excess of Earnings | -3.98B | -3.95B | -3.98B | -3.93B | -3.88B | -3.88B |
| Comprehensive Income & Other | 20.27M | 4.76M | 14.43M | 18.07M | 26.72M | -4.32M |
| Shareholders' Equity | 1.78B | 1.79B | 1.76B | 1.55B | 1.60B | 1.57B |
| Total Liabilities & Equity | 3.01B | 2.79B | 2.64B | 2.49B | 2.47B | 2.21B |
| Total Debt | 1.04B | 828.45M | 740.41M | 817.59M | 757.82M | 540.59M |
| Net Cash (Debt) | -985.05M | -788.28M | -638.59M | -703.13M | -593.48M | -503.60M |
| Net Cash Per Share | -12.54 | -10.06 | -8.99 | -10.37 | -8.79 | -7.09 |
| Filing Date Shares Outstanding | 77.98M | 77.70M | 77.46M | 67.81M | 67.47M | 67.34M |
| Total Common Shares Outstanding | 77.98M | 77.69M | 77.45M | 67.81M | 67.47M | 67.34M |
| Book Value Per Share | 22.82 | 23.09 | 22.72 | 22.92 | 23.77 | 23.34 |
| Tangible Book Value | 1.57B | 1.60B | 1.62B | 1.44B | 1.50B | 1.49B |
| Tangible Book Value Per Share | 20.11 | 20.60 | 20.95 | 21.23 | 22.27 | 22.13 |
| Land | 747.23M | 702.15M | 712.83M | 694.67M | 650.76M | 598.94M |
| Buildings | 2.47B | 2.30B | 2.12B | 1.96B | 1.83B | 1.66B |
| Construction In Progress | 14.98M | 7.47M | 9.95M | 5.89M | 5.00M | 9.64M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 28.63M | 111.42M | 13.66M | 5.27M | 52.23M | -5.36M |
| Depreciation & Amortization | 139.23M | 121.38M | 108.31M | 107.74M | 87.03M | 80.72M |
| Other Amortization | 6.58M | 6.02M | 5.62M | 6.80M | 5.35M | 3.95M |
| Gain (Loss) on Sale of Assets | -17.38M | -90.96M | -3.86M | -2.69M | -38.25M | -1.52M |
| Asset Writedown | 3.85M | |||||
| Stock-Based Compensation | 11.16M | 10.91M | 9.90M | 9.02M | 6.54M | 9.12M |
| Income (Loss) on Equity Investments | 557.00K | 5.69M | 1.69M | |||
| Change in Accounts Receivable | -3.62M | -1.72M | 1.51M | 1.48M | -999.00K | 257.00K |
| Change in Accounts Payable | 1.84M | -797.00K | 511.00K | 2.05M | 8.41M | 1.88M |
| Change in Other Net Operating Assets | 1.24M | 2.15M | 725.00K | 2.03M | 3.89M | -137.00K |
| Other Operating Activities | -4.87M | -4.02M | -3.78M | -3.68M | -3.84M | -2.91M |
| Operating Cash Flow | 164.19M | 155.42M | 136.88M | 129.62M | 125.80M | 89.96M |
| Acquisition of Real Estate Assets | -401.32M | -445.38M | -304.24M | -187.79M | -268.18M | -73.91M |
| Sale of Real Estate Assets | 34.83M | 299.50M | 65.06M | 12.56M | 77.54M | 14.81M |
| Net Sale / Acq. of Real Estate Assets | -366.49M | -145.87M | -239.18M | -175.23M | -190.65M | -59.10M |
| Investment in Marketable & Equity Securities | 95.06M | 47.35M | ||||
| Other Investing Activities | 664.00K | 969.00K | -1.36M | 449.00K | -1.17M | -1.55M |
| Investing Cash Flow | -365.83M | -144.91M | -240.53M | -79.72M | -144.46M | -64.70M |
| Short-Term Debt Issued | 400.00M | 400.00M | ||||
| Long-Term Debt Issued | 68.00M | 10.00M | 30.00M | 362.00M | 31.00M | |
| Total Debt Issued | 535.00M | 468.00M | 10.00M | 30.00M | 362.00M | 431.00M |
| Short-Term Debt Repaid | -400.00M | -400.00M | ||||
| Long-Term Debt Repaid | -49.29M | -98.17M | -63.73M | -190.89M | -51.31M | |
| Total Debt Repaid | -288.64M | -449.29M | -98.17M | -63.73M | -190.89M | -451.31M |
| Net Debt Issued (Repaid) | 246.35M | 18.71M | -88.17M | -33.73M | 171.11M | -20.31M |
| Issuance of Common Stock | 494.00K | 488.00K | 266.02M | 5.40M | ||
| Repurchase of Common Stock | -7.10M | -3.93M | -2.60M | -1.58M | -1.58M | -121.85M |
| Common Dividends Paid | -75.88M | -72.85M | -62.78M | -57.49M | -55.30M | -55.56M |
| Other Financing Activities | -1.90M | -3.64M | -17.36M | -496.00K | -2.65M | -6.46M |
| Net Cash Flow | -39.66M | -50.70M | -8.54M | -38.00M | 92.91M | -178.92M |
| Levered Free Cash Flow | 129.98M | 111.08M | 97.42M | 84.50M | 83.20M | 91.17M |
| Unlevered Free Cash Flow | 153.75M | 129.78M | 118.20M | 104.23M | 97.12M | 99.52M |
| Cash Interest Paid | 35.88M | 31.26M | 35.60M | 33.09M | 18.70M | 14.57M |
| Cash Income Tax Paid | 689.00K | 659.00K | 530.00K | 209.00K | -386.00K | 276.00K |
| Change in Working Capital | -531.00K | -371.00K | 2.75M | 5.57M | 11.30M | 2.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.45B | 2.19B | 2.32B | 1.71B | 1.60B | 1.94B |
| Enterprise Value | 3.43B | 2.88B | 2.85B | 2.42B | 2.16B | 2.32B |
| Last Close Price | 30.98 | 27.56 | 28.47 | 23.14 | 20.85 | 23.24 |
| Price/FFO Ratio | 14.87 | 14.58 | 15.99 | 13.61 | 12.56 | |
| Price/AFFO Ratio | 14.60 | 15.95 | 13.59 | 12.57 | ||
| PE Ratio | 87.07 | 19.65 | 170.15 | 324.78 | 30.56 | |
| PS Ratio | 7.37 | 7.32 | 8.48 | 6.63 | 6.64 | 8.63 |
| PB Ratio | 1.36 | 1.22 | 1.32 | 1.10 | 0.99 | 1.24 |
| P/OCF Ratio | 14.80 | 14.09 | 16.98 | 13.20 | 12.69 | 21.59 |
| EV/Sales Ratio | 10.35 | 9.61 | 10.42 | 9.36 | 8.99 | 10.30 |
| EV/EBITDA Ratio | 17.67 | 16.64 | 18.37 | 16.89 | 17.16 | 19.92 |
| EV/EBIT Ratio | 63.22 | 55.93 | 60.72 | 68.51 | 55.54 | 65.04 |
| Debt / Equity Ratio | 0.59 | 0.46 | 0.42 | 0.53 | 0.47 | 0.34 |
| Debt / EBITDA Ratio | 5.29 | 4.69 | 4.77 | 5.61 | 5.90 | 4.56 |
| Net Debt / Equity Ratio | 0.55 | 0.44 | 0.36 | 0.45 | 0.37 | 0.32 |
| Net Debt / EBITDA Ratio | 5.10 | 4.56 | 4.11 | 4.92 | 4.71 | 4.33 |
| Asset Turnover | 0.12 | 0.11 | 0.11 | 0.10 | 0.10 | 0.10 |
| Quick Ratio | 1.26 | 1.02 | 2.16 | 2.53 | 3.51 | 1.23 |
| Current Ratio | 1.26 | 1.09 | 2.22 | 2.59 | 3.51 | 1.38 |
| Return on Equity (ROE) | 1.59% | 6.27% | 0.82% | 0.33% | 3.29% | -0.32% |
| Return on Assets (ROA) | 1.18% | 1.19% | 1.15% | 0.89% | 1.04% | 0.96% |
| Return on Invested Capital (ROIC) | 1.90% | 2.01% | 1.93% | 1.49% | 1.74% | 1.61% |
| Earnings Yield | 1.15% | 5.09% | 0.59% | 0.31% | 3.27% | -0.28% |
| Dividend Yield | 3.19% | 3.37% | 3.02% | 3.42% | 3.47% | 2.70% |
| Payout Ratio | 273.97% | 65.38% | 459.65% | 1,091.12% | 105.88% | |
| Buyback Yield / Dilution | -0.41% | -10.32% | -4.71% | -0.43% | 4.99% | 1.34% |
| Total Shareholder Return | 2.81% | -6.94% | -1.70% | 2.99% | 8.46% | 4.05% |