InvenTrust Properties Corp.
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 30, 2025
IVT$31.88+1.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Financial Statements
| As of | ||
|---|---|---|
| March 31, 2025 | December 31, 2024 | |
| (unaudited) | ||
| Assets | ||
| Investment properties | ||
| Land | $712,827 | $712,827 |
| Building and other improvements | 2,118,527 | 2,116,092 |
| Construction in progress | 6,245 | 9,951 |
| Total | 2,837,599 | 2,838,870 |
| Less accumulated depreciation | (524,831) | (511,969) |
| Net investment properties | 2,312,768 | 2,326,901 |
| Cash, cash equivalents, and restricted cash | 84,579 | 91,221 |
| Intangible assets, net | 128,956 | 137,420 |
| Accounts and rents receivable | 33,798 | 36,131 |
| Deferred costs and other assets, net | 45,404 | 44,277 |
| Total assets | $2,605,505 | $2,635,950 |
| Liabilities | ||
| Debt, net | $740,745 | $740,415 |
| Accounts payable and accrued expenses | 30,371 | 46,418 |
| Distributions payable | 18,438 | 17,512 |
| Intangible liabilities, net | 41,548 | 42,897 |
| Other liabilities | 29,597 | 28,703 |
| Total liabilities | 860,699 | 875,945 |
| Commitments and contingencies | ||
| Stockholders' Equity | ||
| Preferred stock, $0.001 par value, 40,000,000 shares authorized, none outstanding | — | — |
| Common stock, $0.001 par value, 146,000,000 shares authorized, 77,567,764 shares issued and outstanding as of March 31, 2025 and 77,450,794 shares issued and outstanding as of December 31, 2024 | 78 | 77 |
| Additional paid-in capital | 5,730,641 | 5,730,367 |
| Distributions in excess of accumulated net income | (3,996,511) | (3,984,865) |
| Accumulated comprehensive income | 10,598 | 14,426 |
| Total stockholders' equity | 1,744,806 | 1,760,005 |
| Total liabilities and stockholders' equity | $2,605,505 | $2,635,950 |
Condensed Consolidated Statements of Operations and Comprehensive Income
(in thousands, except share and per share amounts)
| Three months ended March 31 | ||
|---|---|---|
| 2025 | 2024 | |
| Income | ||
| Lease income, net | $73,389 | $66,493 |
| Other property income | 382 | 305 |
| Total income | 73,771 | 66,798 |
| Operating expenses | ||
| Depreciation and amortization | 30,614 | 28,168 |
| Property operating | 10,747 | 9,999 |
| Real estate taxes | 9,356 | 8,981 |
| General and administrative | 8,547 | 7,974 |
| Total operating expenses | 59,264 | 55,122 |
| Other (expense) income | ||
| Interest expense, net | (8,322) | (9,634) |
| Other income and expense, net | 607 | 858 |
| Total other (expense) income, net | (7,715) | (8,776) |
| Net income | $6,792 | $2,900 |
| Weighted-average common shares outstanding - basic | 77,563,971 | 67,874,528 |
| Weighted-average common shares outstanding - diluted | 78,160,787 | 68,272,050 |
| Net income per common share - basic | $0.09 | $0.04 |
| Net income per common share - diluted | $0.09 | $0.04 |
| Comprehensive income | ||
| Net income | $6,792 | $2,900 |
| Unrealized (loss) gain on derivatives, net | (1,586) | 7,319 |
| Reclassification to net income | (2,242) | (3,317) |
| Comprehensive income | $2,964 | $6,902 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.