InvenTrust Properties Corp. (IVT) Q2 2025 Financial Results Summary

# InvenTrust Properties Corp (IVT) Q2 2025 Financial Results Summary

On [release date of the report], InvenTrust Properties Corp (IVT) released its financial results for Q2 2025. Below is a summary of the key metrics and highlights from the report.

## Financial Performance Metrics
– **Core Funds from Operations (Core FFO) Per Diluted Share**: $0.44
– **Change**: Increased 2.3% compared to Q2 2024 ($0.43).

– **Net Income Per Diluted Share**: $1.23
– **Change**: Up from $0.02 in Q2 2024.

– **Nareit Funds from Operations (Nareit FFO) Per Diluted Share**: $0.45
– **Change**: Slight increase from $0.44 in Q2 2024.

– **Total Liquidity**: $787 million.

– **Total Portfolio ABR Per SF**: $20.18.
– **Change**: Increased from $19.38 per SF in the previous year.

– **Tenant Retention Rate**: 91.0%.

– **Leased Occupancy Rate**: 97.3%.

– **Anchor Tenant Leased Occupancy Rate**: 99.5%.

– **Small Shop Tenant Leased Occupancy Rate**: 93.8%.

– **Average Base Rent**: $20.18 per SF.

– **Same Property NOI Growth**: 4.8% compared to 5.6% in Q2 2024.

## Balance Sheet Highlights
– **Net Debt-to-Adjusted EBITDA**: 2.8x.
– **Change**: Reduced from 4.1x in Q2 2024.

– **Net Leverage Ratio**: 17.1%.

## Dividends and Share Repurchase
– **2025 Annualized Dividend Rate**: $0.95.
– InvenTrust Properties Corp declared a quarterly dividend.

## Portfolio and Market Overview
– **Total Gross Leasable Area (GLA)**: 10.6 million square feet.

– **Market Demographics**:
– **Sun Belt concentration**: 97%, focusing on high migration areas with strong growth rates.

– **Acquisition Activity**:
– Actively tracking over $1 billion of acquisition opportunities in necessity-based retail assets predominantly located in Sun Belt markets.

– **Retail Sector Trends**:
– Minimal new supply in retail, below historical averages.
– Strong growth in necessity-based and health-related retail sectors.

## Operational Efficiency
– **Comparable Leasing Spreads**: Observed strong performance with new and renewal leases reflecting favorable trend lines.

– **Expense Management**: Continuous efforts noted to manage operational expenditures effectively.

## Strategic Goals and Projections
– **Growth Guidance for 2025**:
– Core FFO per diluted share anticipated to be between $1.79 and $1.83.
– Nareit FFO per diluted share expected in the range of $1.83 to $1.89.
– Same Property NOI growth guidance set at 4.0% to 5.0%.

– **Sustainability Initiatives**: InvenTrust actively pursuing corporate responsibility avenues, with 100% of properties having energy management systems and significant upgrades in parking lighting to LEDs.

## Summary
InvenTrust Properties Corp reported strong overall performance in Q2 2025, marked by significant improvements in net income per share, tenant occupancy, and Core FFO. The company continues to position itself favorably within the retail sector, particularly focused on the essential retail landscape as suburbanization trends take hold. The financial outlook remains robust with significant acquisition opportunities planned and a strategic focus on the growth potentials in Sun Belt markets.

Here are the extracted tables in HTML format:

### CONDENSED CONSOLIDATED STATEMENTS OF INCOME (in thousands)

### CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands)