InvenTrust Q1 net income $1.1M ($0.02/sh) vs $9.5M; FFO stable; guidance cut on EPS

InvenTrust Properties Corp.

2023-Q1 EPS reported $0.02 revenue$65,205,000

Net income $1.1M ($0.02 diluted) vs $9.5M ($0.14) a year ago; GAAP EPS guidance lowered to $0.06-$0.11 from $0.23-$0.28.
NAREIT FFO $0.41/sh, Core FFO $0.40/sh; full-year FFO guidance unchanged at $1.64-$1.69 per share.
Same Property NOI grew 3.2%; Leased occupancy 96.1%; blended lease spreads 7.0% on 254K sq ft.
Acquired four retail properties from IAGM JV for $222.3M, assuming $92.5M debt; funded with liquidity.
Quarterly dividend maintained at $0.2155 per share, paid April 14, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

InvenTrust Properties Corp. reported the quarter ended March 31, 2023 results: net income Net Income was $1.1 million, or $0.02 per diluted share.

Period: the quarter ended March 31, 2023
Net income: Net Income was $1.1 million, or $0.02 per diluted share
Result: reported results

Exact text from the filing

On April 27, 2023, InvenTrust Properties Corp. (the “Company”) issued a press release announcing its results for the quarter ended March 31, 2023.

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InvenTrust Properties Corp. filing history →

Source: SEC EDGAR

accession 0001307748-23-000061

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