InvenTrust Properties Corp.

For the period ended Jun 30, 2025. Filed Jul 30, 2025.

About 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.

Jun 30, 2025 · Filed Jul 30, 2025

IVT$31.88+1.2%Stored close · as of Nov 9, 2026

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Contents

Item 1. Financial Statements

	As of
	June 30, 2025	December 31, 2024
(unaudited)
Assets
Investment properties
Land	$641,255	$712,827
Building and other improvements	2,035,653	2,116,092
Construction in progress	6,466	9,951
Total	2,683,374	2,838,870
Less accumulated depreciation	(483,733)	(511,969)
Net investment properties	2,199,641	2,326,901
Cash, cash equivalents, and restricted cash	294,039	91,221
Intangible assets, net	139,908	137,420
Accounts and rents receivable	35,159	36,131
Deferred costs and other assets, net	40,737	44,277
Total assets	$2,709,484	$2,635,950
Liabilities
Debt, net	$746,335	$740,415
Accounts payable and accrued expenses	44,107	46,418
Distributions payable	18,447	17,512
Intangible liabilities, net	48,314	42,897
Other liabilities	29,995	28,703
Total liabilities	887,198	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, 77,606,396 shares issued and outstanding as of June 30, 2025 and 77,450,794 shares issued and outstanding as of December 31, 2024	78	77
Additional paid-in capital	5,732,962	5,730,367
Distributions in excess of accumulated net income	(3,919,016)	(3,984,865)
Accumulated comprehensive income	8,262	14,426
Total stockholders' equity	1,822,286	1,760,005
Total liabilities and stockholders' equity	$2,709,484	$2,635,950

Condensed Consolidated Statements of Operations and Comprehensive Income

(in thousands, except share and per share amounts)

	Three months ended June 30		Six months ended June 30
	2025	2024	2025	2024
Income
Lease income, net	$73,130	$67,056	$146,519	$133,549
Other property income	421	367	803	672
Total income	73,551	67,423	147,322	134,221
Operating expenses
Depreciation and amortization	30,738	28,790	61,352	56,958
Property operating	11,476	10,243	22,223	20,242
Real estate taxes	10,194	9,046	19,550	18,027
General and administrative	8,706	8,661	17,253	16,635
Total operating expenses	61,114	56,740	120,378	111,862
Other (expense) income
Interest expense, net	(8,346)	(9,640)	(16,668)	(19,274)
Gain on sale of investment properties	90,909	—	90,909	—
Other income and expense, net	942	455	1,549	1,313
Total other (expense) income, net	83,505	(9,185)	75,790	(17,961)
Net income	$95,942	$1,498	$102,734	$4,398
Weighted-average common shares outstanding - basic	77,591,538	67,900,275	77,577,831	67,887,402
Weighted-average common shares outstanding - diluted	78,292,422	68,327,263	78,226,681	68,299,657
Net income per common share - basic	$1.24	$0.02	$1.32	$0.06
Net income per common share - diluted	$1.23	$0.02	$1.31	$0.06
Comprehensive income
Net income	$95,942	$1,498	$102,734	$4,398
Unrealized (loss) gain on derivatives, net	(43)	2,386	(1,629)	9,705
Reclassification to net income	(2,293)	(3,314)	(4,535)	(6,631)
Comprehensive income	$93,606	$570	$96,570	$7,472

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.