earnings
confidence high
sentiment positive
materiality 0.80
InvenTrust Properties reports Q4 2023 net income $2.9M, Core FFO $0.41/share, Same Property NOI up 6.4%
InvenTrust Properties Corp.
2023-FY EPS reported
$0.08
revenue$258,676,000
- Q4 2023 net income $2.9M ($0.04/diluted) vs net loss $0.1M in Q4 2022.
- Full year 2023 NAREIT FFO $1.70/diluted share, Core FFO $1.65/diluted share.
- Same Property NOI growth 6.4% in Q4, 4.9% for full year; leased occupancy 96.2% at Dec 31, 2023.
- Board approved 5% dividend increase to $0.2263/share quarterly starting April 2024.
- Acquired The Plant in Chandler, AZ for $29.5M on Feb 1, 2024, adding Sprouts Farmers Market.