earnings
confidence high
sentiment positive
materiality 0.80
InvenTrust Q3 Core FFO $0.44/sh, SPNOI +6.5%, raises 2024 guidance; completes $247M equity raise
InvenTrust Properties Corp.
2024-Q3 EPS reported
$0.06
revenue$202,742,000
- Q3 2024: Net Loss $0.5M ($0.01/sh); Nareit FFO $0.45/sh (vs $0.41), Core FFO $0.44/sh (vs $0.41).
- Same Property NOI +6.5% YoY to $45.5M; Leased Occupancy 97.0%; blended leasing spreads 9.8%.
- Raised $247.3M net proceeds from 9.2M share issuance in Sep; total liquidity $543.2M at quarter-end.
- Post-quarter acquired Stonehenge Village ($62.1M, Richmond) and expanded credit facility to $500M.
- Raised 2024 Core FFO guidance to $1.70-$1.73/sh; SPNOI growth now 4.25%-5.0% (prev 3.5%-4.5%).