(IVT) Inventrust Properties - Overview
Sector: Real Estate | Industry: REIT - Retail | Exchange: NYSE (USA) | Market Cap: 2.517m USD | Total Return: 21.5% in 12m
Avg Turnover: 14.1M
Qual. Beats: 1
Rev. Trend: 99.3%
Qual. Beats: 4
Warnings
Earnings expected to drop: P/E 23.1 → Forward 250.0
Altman Z'' -7.74 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
InvenTrust Properties Corp. (IVT) is a Maryland-incorporated Real Estate Investment Trust (REIT) focused on the ownership and management of essential retail properties. The portfolio primarily consists of grocery-anchored neighborhood centers, community centers, and power centers located within the U.S. Sun Belt region.
The company’s business model centers on the essential retail segment, which typically experiences more stable consumer traffic and lower vacancy rates during economic downturns compared to discretionary retail. By concentrating on Sun Belt markets, IVT leverages favorable migration trends and higher-than-average population growth in states across the southern United States. The REIT structure requires the firm to distribute at least 90% of its taxable income to shareholders in the form of dividends.
Investors can evaluate the underlying valuation metrics of these retail assets by exploring the data on ValueRay. Management maintains a strategy of opportunistic acquisitions and dispositions to optimize portfolio quality while maintaining a flexible capital structure.
- Grocery-anchored retail concentration drives consistent rental income and tenant retention
- Sun Belt migration trends bolster occupancy rates and lease spread growth
- Interest rate volatility impacts cost of capital and acquisition cap rates
- Strategic capital recycling through Sun Belt acquisitions enhances portfolio asset quality
- Consumer spending shifts affect percentage rent and retail tenant sales performance
| Net Income: 109.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -0.17 > 1.0 |
| NWC/Revenue: 7.19% < 20% (prev 24.80%; Δ -17.62% < -1%) |
| CFO/TA 0.05 > 3% & CFO 155.4m > Net Income 109.8m |
| Net Debt (1.00b) to EBITDA (313.7m): 3.20 < 3 |
| Current Ratio: 1.45 > 1.5 & < 3 |
| Outstanding Shares: last quarter (78.4m) vs 12m ago 0.33% < -2% |
| Gross Margin: 49.60% > 18% (prev 0.71%; Δ 4.89k% > 0.5%) |
| Asset Turnover: 11.20% > 50% (prev 10.76%; Δ 0.44% > 0%) |
| Interest Coverage Ratio: 2.11 > 6 (EBITDA TTM 313.7m / Interest Expense TTM 85.2m) |
| A: 0.01 (Total Current Assets 70.9m - Total Current Liabilities 48.8m) / Total Assets 2.89b |
| B: -1.37 (Retained Earnings -3.96b / Total Assets 2.89b) |
| C: 0.07 (EBIT TTM 179.4m / Avg Total Assets 2.75b) |
| D: -3.57 (Book Value of Equity -3.96b / Total Liabilities 1.11b) |
| Altman-Z'' = -7.74 = D |
| DSRI: 0.99 (Receivables 36.5m/33.8m, Revenue 307.5m/280.5m) |
| GMI: 1.43 (GM 49.60% / 71.13%) |
| AQI: 1.73 (AQ_t 0.12 / AQ_t-1 0.07) |
| SGI: 1.10 (Revenue 307.5m / 280.5m) |
| TATA: -0.02 (NI 109.8m - CFO 155.4m) / TA 2.89b) |
| Beneish M = -2.16 (Cap -4..+1) = BB |
As of May 27, 2026, the stock is trading at USD 33.00 with a total of 560,111 shares traded.
Over the past week, the price has changed by +3.87%,
over one month by +0.27%,
over three months by +6.36% and
over the past year by +21.52%.
Inventrust Properties has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy IVT.
- StrongBuy: 4
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 34.3 | 3.9% |
P/E Trailing = 23.0679
P/E Forward = 250.0
P/S = 8.1724
P/B = 1.4236
Revenue TTM = 307.5m USD
EBIT TTM = 179.4m USD
EBITDA TTM = 313.7m USD
Long Term Debt = 941.1m USD (from longTermDebt, last quarter)
Short Term Debt = 48.8m USD (from shortTermDebt, last quarter)
Debt = 1.04b USD (from shortLongTermDebtTotal, last quarter) + Leases 11.1m
Net Debt = 1.00b USD (calculated: Debt 1.04b - CCE 34.4m)
Enterprise Value = 3.52b USD (2.52b + Debt 1.04b - CCE 34.4m)
Interest Coverage Ratio = 2.11 (Ebit TTM 179.4m / Interest Expense TTM 85.2m)
EV/FCF = 31.39x (Enterprise Value 3.52b / FCF TTM 112.2m)
FCF Yield = 3.19% (FCF TTM 112.2m / Enterprise Value 3.52b)
FCF Margin = 36.48% (FCF TTM 112.2m / Revenue TTM 307.5m)
Net Margin = 35.71% (Net Income TTM 109.8m / Revenue TTM 307.5m)
Gross Margin = 49.60% ((Revenue TTM 307.5m - Cost of Revenue TTM 155.0m) / Revenue TTM)
Gross Margin QoQ = 73.45% (prev -17.98%)
Tobins Q-Ratio = 1.22 (Enterprise Value 3.52b / Total Assets 2.89b)
Interest Expense / Debt = 8.20% (Interest Expense 85.2m / Debt 1.04b)
Taxrate = 21.0% (US default 21%)
NOPAT = 141.8m (EBIT 179.4m * (1 - 21.00%))
Current Ratio = 1.45 (Total Current Assets 70.9m / Total Current Liabilities 48.8m)
Debt / Equity = 0.58 (Debt 1.04b / totalStockholderEquity, last quarter 1.78b)
Debt / EBITDA = 3.20 (Net Debt 1.00b / EBITDA 313.7m)
Debt / FCF = 8.96 (Net Debt 1.00b / FCF TTM 112.2m)
Total Stockholder Equity = 1.80b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.00% (Net Income 109.8m / Total Assets 2.89b)
RoE = 1.91% (Net Income TTM 109.8m / Total Stockholder Equity 5.76b)
RoCE = 2.68% (EBIT 179.4m / Capital Employed (Equity 5.76b + L.T.Debt 941.1m))
RoIC = 4.94% (NOPAT 141.8m / Invested Capital 2.87b)
WACC = 6.63% (E(2.52b)/V(3.56b) * Re(6.69%) + D(1.04b)/V(3.56b) * Rd(8.20%) * (1-Tc(0.21)))
Discount Rate = 6.69% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 6.48%
[DCF] Terminal Value 76.20% ; FCFF base≈109.7m ; Y1≈115.6m ; Y5≈134.9m
[DCF] Fair Price = 13.76 (EV 2.08b - Net Debt 1.00b = Equity 1.07b / Shares 77.9m; r=8.35% [WACC [floored]]; 5y FCF grow 5.99% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.09 | # QB: 1
Revenue Correlation: 99.31 | Revenue CAGR: 7.77% | SUE: 4.0 | # QB: 4
EPS current Quarter (2026-06-30): EPS=-0.10 | Chg30d=-348.00% | Revisions=-20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=-0.08 | Chg30d=-260.60% | Revisions=-20% | Analysts=2
EPS current Year (2026-12-31): EPS=-0.37 | Chg30d=-329.69% | Revisions=-20% | GrowthEPS=-347.8% | GrowthRev=+9.8%
EPS next Year (2027-12-31): EPS=-0.36 | Chg30d=-375.62% | Revisions=-20% | GrowthEPS=+2.5% | GrowthRev=+6.9%
[Analyst] Revisions Ratio: -20%