Quarterly ResultApr 28, 2026, 04:14 PM
IVT Q1 Nareit FFO $0.53/share; Core FFO $0.49/share; $123M Acquisitions
AI Summary
InvenTrust Properties Corp. reported Q1 2026 Nareit FFO of $0.53 per diluted share and Core FFO of $0.49 per diluted share, both increasing from the prior year. The company completed approximately $123.0 million in acquisitions, including an expansion into the Nashville market. IVT also declared a quarterly cash distribution of $0.25 per share and updated its 2026 guidance, slightly raising the low end of its FFO per share outlook.
Key Highlights
- Nareit FFO was $0.53 per diluted share, up from $0.48 in Q1 2025.
- Core FFO was $0.49 per diluted share, up from $0.46 in Q1 2025.
- Acquired properties totaling $123.0 million, including entry into Nashville, TN.
- Same Property Net Operating Income (NOI) grew by 2.6%.
- Leased occupancy stood at 96.4% as of March 31, 2026.
- Executed leases with a blended comparable lease spread of 10.5%.
- Declared a quarterly cash distribution of $0.25 per share.
- Updated 2026 Nareit FFO guidance to $2.00-$2.06 per diluted share.