earnings
confidence high
sentiment neutral
materiality 0.70
InvenTrust Q3 2022 NAREIT FFO $0.39/sh, up from $0.37; guides FY FFO higher
InvenTrust Properties Corp.
2022-Q3 EPS reported
$0.77
revenue$177,436,000
- Net income Q3: $0.9M ($0.01 diluted) vs $4.0M ($0.06) YoY; Core FFO $0.37/sh vs $0.38.
- Leased occupancy 95.6%; blended lease spreads 8.2% on 83 new/renewal leases totaling ~478k sq ft.
- Issued $250M senior notes at weighted avg rate 5.12% (~8.2yr term); acquired Eastfield Village for $22.5M post-Q.
- Raised FY2022 Core FFO guidance to $1.57-$1.60 from $1.52-$1.56; SPNOI growth unchanged at 4-5%.