NYSE$IVT

InvenTrust Properties Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

InvenTrust reported third quarter results, highlighted by an increase in net income and core FFO, as well as growth in same property NOI and leased occupancy.

InvenTrust Properties Corp. reported a net income of $4.0 million, or $0.06 per basic share, for the three months ended September 30, 2021, compared to $1.7 million, or $0.02 per basic share, for the same period in 2020. Core FFO was $0.38 per share, and Pro Rata Same Property NOI increased by 8.2%. The company's leased occupancy stood at 93.5% as of September 30, 2021.

  • Funds from Operations (FFO) was $0.37 per share.
  • Core FFO for the quarter reached $0.38 per share.
  • Pro Rata Same Property Net Operating Income (NOI) increased 8.2%.
  • Leased Occupancy as of September 30, 2021, was 93.5%.

Headline financials

Total Revenue

$55.1M

Previous: $52.5M+4.9%
EPS (adj)

-$0.12

Previous: $1.64-107.3%
Same Property NOI growth

8.2%

Previous: 0.0%
Leased Occupancy

93.5%

No prior period
Blended re-leasing spreads

4.8%

No prior period
Net Debt-to-Adjusted EBITDA

3.6

No prior period
Capital Expenditures

-$12.8M

Previous: -$10.5M-22.3%
Free Cash Flow

-$8.8M

Previous: -$8.78M-0.2%
Net Income

$3.99M

Previous: $1.68M+138.0%
Operating Income

-$2.71M

Previous: -$2.98M+8.9%
Gross Profit

$55.1M

Previous: $52.5M+4.9%
Cash & Equivalents

$138M

Previous: $326M-57.6%
Total Assets

$2.31B

Previous: $2.53B-8.5%

Revenue & EPS history

InvenTrust · Revenue · Quarterly

$55.1M

Q3 2021+4.9%vs Q3 2020
Beat estimate in 2 of 2 quarters(100%)
ActualEstimate

Forward guidance

InvenTrust provided 2021 outlook and guidance, acquisitions are not included beyond what has been completed as of the date of this release. The 2021 Outlook and Guidance includes two potential and pending dispositions that may be completed by the end of 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-1.0%

Avg return

Earnings day

-2.9%

Avg return

5 days after

-3.7%

Avg return

30 days after

27%

12 / 45 earnings

Positive

+42.6%

Q4 2014

Best reaction

-90.0%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%-3.2%+1.3%
Q4 2025-0.1%+0.4%+2.1%
Q3 2025-2.8%-2.4%+1.1%
Q1 2025+1.1%+0.4%+0.8%
Q4 2024+1.4%-0.0%-4.9%
Q3 2024+2.0%+0.3%+6.2%
Q2 2024+1.0%-2.4%+7.1%
Q1 2024-0.2%-0.9%-4.1%
Q4 2023-1.5%+0.4%-3.2%
Q3 2023+1.2%+0.3%-0.2%
Q2 2023+2.2%+1.2%-0.3%
Q1 2023+4.4%+3.6%-2.6%
Q4 2022+1.7%+0.4%-8.2%
Q3 2022-4.1%-0.1%+0.6%
Q2 2022-1.7%-3.5%-8.4%
Q1 2022+0.8%-1.9%+3.1%
Q4 2021-1.3%-4.2%+6.1%
Q3 2021+3.0%+3.9%+2.1%
Q2 2021-90.0%-90.0%-91.4%
Q1 2021+0.0%+0.0%-1.6%
Q4 2020+0.0%+0.0%+9.2%
Q3 2020+0.0%+0.0%+0.0%
Q2 2020+0.0%+0.0%+0.0%
Q1 2020+0.0%+0.0%+0.0%
Q4 2019+0.0%+0.0%+0.0%
Q3 2019+0.0%+0.0%+0.0%
Q2 2019+0.0%+0.0%+0.0%
Q1 2019+0.0%+0.0%+0.0%
Q4 2018+0.0%+0.0%+0.0%
Q3 2018+0.0%-13.9%-13.9%
Q2 2018+0.0%+0.0%+20.0%
Q1 2018+0.0%+0.0%+0.0%
Q4 2017+0.0%+0.0%+0.0%
Q3 2017+0.0%+0.0%+0.0%
Q2 2017+0.0%+0.0%+0.0%
Q1 2017+0.0%+0.0%-41.5%
Q4 2016+0.0%+0.0%-21.9%
Q3 2016+0.0%+0.0%+0.0%
Q2 2016+0.0%-0.6%-0.6%
Q1 2016-2.0%
Q4 2015-3.2%
Q3 2015-0.2%
Q2 2015-0.7%
Q1 2015
Q4 2014+42.6%
Q3 2014-0.8%
Q2 2014
Q4 2013
Q1 2014
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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