earnings
confidence high
sentiment positive
materiality 0.75
InvenTrust Q2 Core FFO $0.43/sh flat YoY; raises Same Property NOI guidance to 3.5%-4.5%
InvenTrust Properties Corp.
2024-Q2 EPS reported
$0.06
revenue$134,221,000
- Net income $1.5M ($0.02 diluted EPS) vs $2.1M ($0.03) in Q2 2023.
- Nareit FFO $0.44/sh, Core FFO $0.43/sh; both in line with prior year.
- Same Property NOI grew 2.6% in Q2; guidance raised to 3.5%-4.5% from 2.75%-3.75%.
- Acquired two Publix-anchored centers: Moores Mill ($28M, GA) and Maguire Groves ($16.1M, FL), cash funded.
- Leased occupancy 96.4%; blended comparable lease spreads of 10.3% on 330k sq ft.