- InvenTrust Properties Corp. (IVT, Financial) reported a net income of $6.8 million for Q1 2025, up from $2.9 million in Q1 2024.
- The company achieved a Same Property NOI growth of 6.1% and leased occupancy of 97.3% as of March 31, 2025.
- InvenTrust completed two acquisitions in April 2025, totaling over $42 million in new investments.
InvenTrust Properties Corp. (IVT) has announced strong financial results for the first quarter of 2025, showcasing substantial growth in its core metrics. The company reported a net income of $6.8 million, or $0.09 per diluted share, compared to $2.9 million, or $0.04 per diluted share, in the same quarter of the previous year. The firm also reported Nareit Funds From Operations (FFO) of $0.48 per diluted share and Core FFO of $0.46 per diluted share.
Same Property Net Operating Income (NOI) saw a significant increase of 6.1% year-over-year, contributing to the company's positive financial performance. The firm's leased occupancy stood at 97.3% as of March 31, 2025. Notably, InvenTrust executed 69 leases totaling approximately 256,000 square feet of Gross Leasable Area (GLA), with a 9.6% blended comparable lease spread.
In terms of strategic growth, InvenTrust completed two notable acquisitions: Plaza Escondida, a 91,000 square foot neighborhood center in Tucson, Arizona, for $23 million, and Carmel Village, a 54,000 square foot center in Charlotte, North Carolina, for $19.9 million. These acquisitions align with the company's focus on necessity-based retail properties in the Sun Belt region.
With total liquidity of $577.4 million, including $77.4 million in cash and cash equivalents, InvenTrust maintains a robust capital position. The company's guidance for 2025 includes Net Income per diluted share between $0.27 and $0.33 and Nareit FFO per diluted share ranging from $1.83 to $1.89.
InvenTrust continues to prioritize operational excellence and strategic acquisitions to support long-term growth and shareholder value. It plans to uphold its disciplined approach amidst economic uncertainty, leveraging favorable demographics and limited new supply in its target markets.
