InvenTrust Q3 Net Income Jumps to $19.4M as Same-Property NOI Rises 3.1%
IVT is trading near its 52-week low of $26.81 (13% above the low).
Summary
InvenTrust's Q3 net income rose to $19.4M ($0.25/share) from $6.0M, aided by a $17.4M property-sale gain, while Same Property NOI grew 3.1%. Year-to-date acquisitions of $289.6M and $250M of new senior notes pushed net debt to $1.04B.
Key Events · Earnings and Guidance · IVT
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Q3 Net Income Triples on Sale Gain
Net income was $19.4M ($0.25 per diluted share) versus $6.0M ($0.08) a year ago, including a $17.4M gain on the Eldridge Town Center disposition.
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Same Property NOI Up 3.1%
Q3 Same Property NOI rose to $50.4M from $48.9M; nine-month Same Property NOI was $144.8M, up 3.4%, on ABR PSF of $20.97 versus $20.28.
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Acquisitions and Debt Fund Growth
Nine-month gross acquisitions totaled $289.6M across seven properties, funded partly by $250M of 2026 senior notes; net debt rose to $1.04B from $825.9M at December 31, 2025.
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Occupancy Slips Slightly
Economic occupancy was 95.3% versus 95.6% a year ago and leased occupancy 96.4% versus 97.2%.
Analysis · IVT · Real Estate & Construction
Net income more than tripled to $19.4M ($0.25 per share) from $6.0M a year ago, helped by a $17.4M gain on the September sale of Eldridge Town Center in Houston. The steadier read is Same Property NOI, up 3.1% to $50.4M for the quarter and 3.4% to $144.8M for nine months, with ABR per square foot rising to $20.97 from $20.28. Growth is being funded externally: $289.6M of gross acquisitions across seven properties year-to-date and $250M of new senior notes issued June 29, 2026, lifting net debt to $1.04B from $825.9M at year-end. Occupancy slipped modestly (economic 95.3% vs 95.6%; leased 96.4% vs 97.2%), so the watch item is whether rent growth holds as the acquisition-funded leverage rises.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, IVT was trading at $30.33 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $26.81 to $37.22. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.