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InvenTrust Q1 2025 Earnings Report
InvenTrust Properties Corp. reported its financial and operating results for the first quarter ended March 31, 2025.
Key Takeaways
InvenTrust Properties Corp. reported a net income of $6.8 million for the first quarter of 2025, an increase from $2.9 million in the same period of 2024. The company achieved a Nareit FFO of $0.48 per diluted share and Core FFO of $0.46 per diluted share, alongside a 6.1% growth in Same Property Net Operating Income.
Net Income for Q1 2025 was $6.8 million, or $0.09 per diluted share, significantly up from $2.9 million, or $0.04 per diluted share, in Q1 2024.
Nareit FFO per diluted share was $0.48, and Core FFO per diluted share was $0.46 for Q1 2025.
Same Property NOI increased by 6.1% for the three months ended March 31, 2025, compared to the same period in 2024.
Leased Occupancy stood at 97.3% as of March 31, 2025, with 69 leases executed totaling approximately 256,000 square feet of GLA.
InvenTrust
InvenTrust
InvenTrust Revenue by Segment
Revenue by Segment
Lease income, net Revenue
CapyFin.comOther property income Revenue
CapyFin.com Forward Guidance
InvenTrust has reaffirmed its 2025 guidance, with projected Net Income per diluted share between $0.27 and $0.33, Nareit FFO per diluted share between $1.83 and $1.89, and Core FFO per diluted share between $1.79 and $1.83. The company anticipates Same Property NOI growth between 3.50% and 4.50% and net investment activity of approximately $100 million.
Positive Outlook
- Projected Net Income per diluted share of $0.27 - $0.33.
- Projected Nareit FFO per diluted share of $1.83 - $1.89.
- Projected Core FFO per diluted share of $1.79 - $1.83.
- Anticipated Same Property NOI growth of 3.50% - 4.50%.
- Expected net investment activity of approximately $100 million.
Challenges Ahead
- Guidance excludes projections related to gains or losses on dispositions and debt transactions.
- Guidance includes an expectation of uncollectibility reflected as 75-100 basis points of expected total revenue.
- Core FFO per diluted share excludes various amortization and expense items.
- Interest expense, net, excludes amortization of debt discounts and financing costs.
- Actual results may vary from assumptions due to economic developments and uncertainty.