NYSE$IVT

InvenTrust Properties Corp · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

InvenTrust Properties Corp. reported its financial and operating results for the fourth quarter and full year ended December 31, 2024.

InvenTrust Properties Corp. reported a significant increase in net income for Q4 2024, reaching $9.8 million compared to $2.9 million in Q4 2023. The company also saw strong Same Property NOI growth of 7.1% and achieved a leased occupancy of 97.4%.

  • Net Income for Q4 2024 increased to $9.8 million, up from $2.9 million in Q4 2023.
  • Same Property Net Operating Income (NOI) grew by 7.1% for the fourth quarter.
  • Leased Occupancy reached 97.4% as of December 31, 2024, a sequential increase of 40 basis points.
  • The Board of Directors approved a 5% increase to the Company's dividends starting in April 2025.

Headline financials

Total Revenue

$71.2M

Previous: $64.7M+10.1%
EPS (adj)

$0.43

Previous: $0.41+4.9%
Nareit FFO per diluted share

$0.45

Previous: $0.45+0.0%
Core FFO per diluted share

$0.43

Previous: $0.41+4.9%
Same Property NOI growth

0.0%

Previous: 5.0%-100.0%
Annualized Base Rent PSF

$20.07

No prior period
Net Debt-to-Adjusted EBITDA

4.1

Previous: 4.9-16.3%
Net Income

$9.8M

Previous: $2.9M+237.9%
Operating Income

$12.4M

Previous: $9M+37.6%

Revenue & EPS history

InvenTrust · Revenue · Quarterly

$71.2M

Q4 2024+10.1%vs Q4 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

InvenTrust Properties Corp. provided initial guidance for 2025, projecting Net Income per diluted share between $0.27 and $0.33, Nareit FFO per diluted share between $1.83 and $1.89, and Core FFO per diluted share between $1.79 and $1.83. Same Property NOI growth is expected to be between 3.50% and 4.50%.

Tailwinds

  • Projected Net Income per diluted share of $0.27 - $0.33.
  • Anticipated Nareit FFO per diluted share of $1.83 - $1.89.
  • Expected Core FFO per diluted share of $1.79 - $1.83.
  • Forecasted Same Property NOI growth of 3.50% - 4.50%.
  • General and administrative expenses are expected to be between $34.25 million and $35.75 million.

Headwinds

  • Interest expense, net, is projected to be between $31.0 million and $31.5 million.
  • Net investment activity is anticipated to be $100.0 million.
  • Guidance excludes projections related to gains or losses on dispositions and debt transactions.
  • Guidance excludes depreciation, amortization, and straight-line rent adjustments related to acquisitions.
  • The Company's expectations may change if actual results vary from assumptions.

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 Q4 2024

Historical avgQ4 2024

-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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