InvenTrust Q1 Net Income $2.9M; raises 2024 FFO and SPNOI guidance

InvenTrust Properties Corp.

2024-Q1 EPS reported $0.04 revenue$66,798,000

Net income of $2.9M ($0.04/diluted); Nareit FFO $0.45/diluted, Core FFO $0.44/diluted.
Same Property NOI grew 4.1% YoY; leased occupancy 96.3% with 290bp spread to economic occupancy.
Blended comparable lease spreads of 11.2% on 165k sq ft; anchor lease spread 32.5%.
Acquired The Plant ($29.5M) in Chandler, AZ and Moores Mill ($28.0M) in Atlanta, GA.
2024 guidance raised: Nareit FFO $1.71-$1.77, Core FFO $1.67-$1.71, SPNOI growth 2.75%-3.75%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

InvenTrust Properties Corp. reported the three months ended March 31, 2024 results: net income $2.9 million, EPS $0.04 per diluted share. Guidance reaffirmed.

Period: the three months ended March 31, 2024
Net income: $2.9 million
EPS: $0.04 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

InvenTrust Properties Corp. (“InvenTrust” or the “Company”) (NYSE: IVT) today reported financial and operating results for the first quarter of 2024. For the three months ended March 31, 2024 and 2023, the Company reported Net Income of $2.9 million, or $0.04 per diluted share, and $1.1 million, or $0.02 per diluted share, respectively.

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Source: SEC EDGAR

accession 0001307748-24-000041

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