NYSE$IVT

InvenTrust Properties Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

InvenTrust reported financial and operating results for the period ended September 30, 2022

InvenTrust Properties Corp. reported a net income of $0.9 million, or $0.01 per diluted share, for the three months ended September 30, 2022. NAREIT FFO was $0.39 per diluted share, and Core FFO was $0.37 per diluted share. Leased Occupancy was 95.6% as of September 30, 2022.

  • NAREIT FFO for the quarter of $0.39 per diluted share
  • Core FFO for the quarter of $0.37 per diluted share
  • Leased Occupancy as of September 30, 2022 of 95.6%
  • Net Debt-to-Adjusted EBITDA of 5.0x at September 30, 2022

Headline financials

Total Revenue

$58.8M

Previous: $55.1M+6.6%
EPS (adj)

$0.37

Previous: -$0.12+408.3%
Leased Occupancy

95.6%

Previous: 93.5%+2.2%
Net Debt-to-Adjusted EBITDA

5

Previous: 3.6+38.9%
Capital Expenditures

-$22.2M

Previous: -$12.8M-73.9%
Free Cash Flow

-$21.3M

Previous: -$8.8M-142.1%
Net Income

$936K

Previous: $3.99M-76.6%
Operating Income

-$6.84M

Previous: -$2.71M-152.5%
Gross Profit

$58.8M

Previous: $55.1M+6.6%
Cash & Equivalents

$217M

Previous: $138M+56.5%
Total Assets

$2.54B

Previous: $2.31B+9.9%

Revenue & EPS history

InvenTrust · Revenue · Quarterly

$58.8M

Q3 2022+6.6%vs Q3 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

InvenTrust has updated its 2022 guidance.

Tailwinds

  • Net Income per diluted share $0.76—$0.80
  • NAREIT FFO per diluted share $1.65—$1.69
  • Core FFO per diluted share $1.57—$1.60
  • Same Property NOI (“SPNOI”) Growth 4.00%—5.00%
  • General and administrative +/- $32,250

Headwinds

  • The Company's 2022 Guidance is based on a number of assumptions that are subject to change and may be outside the Company’s control.
  • If actual results vary from these assumptions, the Company's expectations may change.
  • There can be no assurances that InvenTrust will achieve these results.
  • Net Income per diluted share excludes potential gains and losses on asset sales, and any related GAAP adjustments resulting from these transactions.
  • Net investment activity represents anticipated acquisition activity less disposal activity for 2022.

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 2022

Historical avgQ3 2022

-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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