Item 1. Business On October 4, 2004, InvenTrust Properties Corp. was incorporated as Inland American Real Estate Trust, Inc., a Maryland corporation, and elected to operate in a manner to be taxed as a REIT for federal tax purposes. The Company changed its name to InvenTrust Properties Corp. in April 2015 and is focused on owning, leasing, redeveloping, acquiring and managing a multi-tenant retail platform. On October 12, 2021, the Company's shares of common stock were listed and began trading on the New York Stock Exchange ("NYSE") under the ticker symbol "IVT." As of December 31, 2025, the Company owned 73 retail properties with a total gross leasable area ("GLA") of approximately 11.6 million square feet. The following table summarizes our retail portfolio as of December 31, 2025. As of December 31, 2025 No. of properties73 GLA (square feet)11,589 Economic occupancy (a)95.4% Leased occupancy (b)96.7% ABR PSF (c)$20.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 299M | 299M | 274M | 259M | 237M | 212M |
| Net Income | 111M | 111M | 14M | 5.3M | 52M | -5.4M |
| EPS | $1.42 | $1.42 | $0.19 | $0.08 | $0.77 | $-0.08 |
| Free Cash Flow | 151M | 151M | 133M | 127M | 123M | 75M |
| ROIC | 2.3% | 2.4% | 0.5% | 0.2% | 2.2% | -0.3% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.46 | 0.46 | 0.42 | 0.52 | 0.47 | 0.34 |
| Dividends/Share | $0.93 | $0.93 | $0.87 | $0.87 | $0.82 | $0.83 |
| Operating Income | 60M | 60M | -33M | -31M | 17M | -8.1M |
| Operating Margin | 20.1% | 20.1% | -12.2% | -11.8% | 7.2% | -3.8% |
| ROE | 6.2% | 6.3% | 0.8% | 0.3% | 3.3% | -0.3% |
| Shares Outstanding | 78M | 78M | 72M | 66M | 68M | 67M |
InvenTrust Properties Corp. passes 3 of 9 quality checks, indicating weak fundamentals.
InvenTrust Properties Corp. trades at 22.5x trailing earnings, compared to its 15-year median P/E of 18.8x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 16.4x vs a median of 12.0x. The company's 5-year average ROIC is 1.0%. Total shareholder yield (dividends) is 2.9%. At current prices, the estimated annualized return to fair value is +8.3%.
InvenTrust Properties Corp. (IVT) has a current P/E ratio of 22.5, compared to its historical median P/E of 18.8. The stock is currently considered Fair based on its historical valuation range.
InvenTrust Properties Corp. (IVT) has a 5-year average return on invested capital (ROIC) of 1.0%. This is below average and may indicate limited pricing power.
InvenTrust Properties Corp. (IVT) has a market capitalization of $2.5B. It is classified as a mid-cap stock.
Yes, InvenTrust Properties Corp. (IVT) pays a dividend with a trailing twelve-month yield of 2.90%.
Based on historical P/E analysis, InvenTrust Properties Corp. (IVT) appears fair. The current P/E of 22.5 is 20% above its historical median of 18.8. The estimated fair value CAGR (P/E method) is -13.8%.
InvenTrust Properties Corp. (IVT) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
InvenTrust Properties Corp. (IVT) reported annual revenue of $299 million in its most recent fiscal year, based on SEC EDGAR filings.
InvenTrust Properties Corp. (IVT) has a net profit margin of 37.2%. This is a strong margin indicating high profitability.
InvenTrust Properties Corp. (IVT) generated $151 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
InvenTrust Properties Corp. (IVT) has a debt-to-equity ratio of 0.46. This indicates a conservatively financed balance sheet.
InvenTrust Properties Corp. (IVT) reported earnings per share (EPS) of $1.42 in its most recent fiscal year.
InvenTrust Properties Corp. (IVT) has a return on equity (ROE) of 6.3%. This indicates moderate shareholder returns.
The Ledger Terminal provides 17 years of financial data for InvenTrust Properties Corp. (IVT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
InvenTrust Properties Corp. (IVT) has a book value per share of $22.87, based on its most recent annual SEC filing.