InvenTrust Properties' Q4 net income falls

Overview

• Retail REIT's Q4 net income decreased yr/yr, but full-year net income increased significantly

• Nareit FFO and Core FFO for Q4 showed year-over-year growth

• Company acquired two properties in Q4 for $109 mln total

Outlook

• Company expects 2026 net income per diluted share between $0.16 and $0.22

• InvenTrust anticipates 2026 Nareit FFO per diluted share of $1.97 to $2.03

• Company projects 2026 Same Property NOI growth of 3.25% to 4.25%

Result Drivers

• LEASE SPREADS - InvenTrust executed 79 leases in Q4 with a blended comparable lease spread of 14.1%, contributing to financial results

• PROPERTY ACQUISITIONS - Acquired two properties totaling 242,000 square feet for $109 mln, aiding Q4 performance

• OCCUPANCY RATES - Leased occupancy stood at 96.7% as of Dec 31, 2025, supporting stable income

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the commercial reits peer group is "buy"

• Wall Street's median 12-month price target for Inventrust Properties Corp is $32.00, about 5.8% above its February 9 closing price of $30.24

• The stock recently traded at 124 times the next 12-month earnings vs. a P/E of 53 three months ago

Press Release: ID:nBw75DmMba

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