InvenTrust

Nov 01, 2023

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Sep 30, 2023

InvenTrust Q3 2023 Earnings Report

InvenTrust reported financial results for the third quarter of 2023, with a net loss of $0.8 million and NAREIT FFO and Core FFO of $0.41 per diluted share. Same Property NOI increased by 5.3%, and leased occupancy stood at 95.1%.

Key Takeaways

InvenTrust Properties Corp. reported a net loss of $0.8 million, or $0.01 per diluted share, for the three months ended September 30, 2023. NAREIT FFO and Core FFO both reached $0.41 per diluted share, and Same Property NOI grew by 5.3%. Leased occupancy was 95.1% at the end of the quarter.

NAREIT FFO of $0.41 per diluted share

Core FFO of $0.41 per diluted share

Same Property Net Operating Income (“NOI”) growth of 5.3%

Leased Occupancy as of September 30, 2023 of 95.1%

Total Revenue

$64.6M

Previous year: $58.8M