earnings
confidence high
sentiment neutral
materiality 0.70
InvenTrust Q1 Core FFO $0.40; guides FY 2023 Core FFO $1.59-$1.64
InvenTrust Properties Corp.
2023-Q1 EPS reported
$0.02
revenue$65,205,000
- Net income $1.1M ($0.02 diluted EPS) vs $9.5M in Q1 2022; Core FFO per share $0.40 vs $0.43.
- Same Property NOI grew 3.2% YoY to $35.8M on 96.1% leased occupancy.
- FY 2023 Core FFO guidance range $1.59-$1.64 per share; net income $0.06-$0.11 per share.
- Dividend declared at 53% of Core FFO; portfolio 95% in Sun Belt markets.
- Raised $436M in liquidity; 5.5x net debt-to-Adjusted EBITDA.