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Sep 30, 2021
InvenTrust Q3 2021 Earnings Report
InvenTrust reported third quarter results, highlighted by an increase in net income and core FFO, as well as growth in same property NOI and leased occupancy.
Key Takeaways
InvenTrust Properties Corp. reported a net income of $4.0 million, or $0.06 per basic share, for the three months ended September 30, 2021, compared to $1.7 million, or $0.02 per basic share, for the same period in 2020. Core FFO was $0.38 per share, and Pro Rata Same Property NOI increased by 8.2%. The company's leased occupancy stood at 93.5% as of September 30, 2021.
Funds from Operations (FFO) was $0.37 per share.
Core FFO for the quarter reached $0.38 per share.
Pro Rata Same Property Net Operating Income (NOI) increased 8.2%.
Leased Occupancy as of September 30, 2021, was 93.5%.
InvenTrust
InvenTrust
Forward Guidance
InvenTrust provided 2021 outlook and guidance, acquisitions are not included beyond what has been completed as of the date of this release. The 2021 Outlook and Guidance includes two potential and pending dispositions that may be completed by the end of 2021.