earnings
confidence high
sentiment positive
materiality 0.70
InvenTrust Q2 Core FFO $0.43 per share; same-property NOI up 3.7%; guidance raised
InvenTrust Properties Corp.
2023-Q2 EPS reported
$0.05
revenue$129,892,000
- Core FFO per diluted share $0.43 (up from $0.42 Q2 2022); NAREIT FFO $0.43 (down from $0.45).
- Same Property NOI grew 3.7% in Q2; leased occupancy 96.2% as of June 30, 2023.
- Acquired The Shoppes at Davis Lake (91k sq ft) in Charlotte for $22.4M.
- 2023 guidance: Core FFO per share $1.61-$1.64 (prev $1.59-$1.64); SPNOI growth raised to 4.0%-5.0%.
- Net income $2.1M ($0.03/share) vs $41.9M in Q2 2022 due to prior-year gain on sale.