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Sep 30, 2022
InvenTrust Q3 2022 Earnings Report
InvenTrust reported financial and operating results for the period ended September 30, 2022
Key Takeaways
InvenTrust Properties Corp. reported a net income of $0.9 million, or $0.01 per diluted share, for the three months ended September 30, 2022. NAREIT FFO was $0.39 per diluted share, and Core FFO was $0.37 per diluted share. Leased Occupancy was 95.6% as of September 30, 2022.
NAREIT FFO for the quarter of $0.39 per diluted share
Core FFO for the quarter of $0.37 per diluted share
Leased Occupancy as of September 30, 2022 of 95.6%
Net Debt-to-Adjusted EBITDA of 5.0x at September 30, 2022
Forward Guidance
InvenTrust has updated its 2022 guidance.
Positive Outlook
- Net Income per diluted share $0.76—$0.80
- NAREIT FFO per diluted share $1.65—$1.69
- Core FFO per diluted share $1.57—$1.60
- Same Property NOI (“SPNOI”) Growth 4.00%—5.00%
- General and administrative +/- $32,250
Challenges Ahead
- The Company's 2022 Guidance is based on a number of assumptions that are subject to change and may be outside the Company’s control.
- If actual results vary from these assumptions, the Company's expectations may change.
- There can be no assurances that InvenTrust will achieve these results.
- Net Income per diluted share excludes potential gains and losses on asset sales, and any related GAAP adjustments resulting from these transactions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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