NYSE$IVT
InvenTrust Properties Corp · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
InvenTrust reported results for the fourth quarter and full year ended December 31, 2022, and provided guidance for 2023.
InvenTrust Properties Corp. reported a net loss of $0.1 million for the fourth quarter of 2022. Leased occupancy reached 96.1%, a sequential increase of 50 basis points. The company also acquired Eastfield Village and Stone Ridge Market during the quarter.
- NAREIT FFO for the fourth quarter was $0.35 per diluted share.
- Core FFO for the fourth quarter was $0.34 per diluted share.
- Pro Rata Same Property NOI growth was 0.4% for the fourth quarter.
- Leased Occupancy as of December 31, 2022, was 96.1%, a sequential increase of 50 basis points.
Headline financials
Revenue & EPS history
InvenTrust · Revenue · Quarterly
$59.3M
Revenue by segment
InvenTrust · $73.6M total across 2 segments · Q2 2025
- Lease income, net$73.1M—99.4%
- Other property income$421K—0.6%
Forward guidance
InvenTrust provided initial 2023 guidance, including net income per diluted share, NAREIT FFO per diluted share, Core FFO per diluted share, and Same Property NOI growth.
Tailwinds
- Net Income per diluted share is projected to be between $0.23 and $0.28.
- NAREIT FFO per diluted share is expected to be between $1.64 and $1.69.
- Core FFO per diluted share is anticipated to be between $1.59 and $1.64.
- Same Property NOI (SPNOI) Growth is projected to be between 3.50% and 5.00%.
- Net investment activity is expected to be around $150,000,000.
Headwinds
- Guidance excludes effects from potential acquisitions or dispositions.
- Guidance excludes any items that impact NAREIT FFO comparability, including loss on debt extinguishment and non-routine items.
- Guidance includes an expectation that some tenants will move from the cash basis of accounting to the accrual basis of accounting, which can result in volatility in straight-line rental income adjustments.
- Interest expense, net, is projected to be between $34,500,000 and $35,500,000.
- General and administrative expenses are estimated to be between $31,250,000 and $32,750,000.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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