IVT on NYSE
InvenTrust Properties Corp.
American real estate investment trust based in Lutherville Timonium. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerIVT on NYSE2
- IndustryReal Estate Investment Trusts2
- HeadquartersLutherville Timonium, United States2
- Incorporated inMD3
- Business address3025 Highland Parkway Suite 350, Downers Grove, Il 605153
- Filer categoryLarge accelerated filer3
- Legal formStock Corporation2
- LEI5493006BQYSOBYVUFA032
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O CSC-LAWYERS INCORPORATING SERVICE CO., 21202 Baltimore, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D102440362
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As of December 31, 2025, the Company owned 73 retail properties with a total gross leasable area ("GLA") of approximately 11.6 million square feet. The following table summarizes our retail portfolio as of December 31, 2025.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
20.1%Operating margin5
37.2%Net margin5
9.2%Revenue growth, 20255
6.2%Return on equity5
0.46×Debt to equity5
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs63¢$187.2M
- Income tax0¢$568.0K
- Profit37¢$111.4M
Out of $299.2M in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Dividends paid47¢$72.8M
- Kept or used elsewhere53¢$82.6M
Out of $155.4M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Lease income, net | $297.5M | $272.4M | $257.1M |
| Total income | $299.2M | $274.0M | $258.7M |
| Depreciation and amortization | $128.5M | $113.9M | $113.4M |
| Property operating | $46.6M | $43.4M | $42.8M |
| Real estate taxes | $37.7M | $36.4M | $34.8M |
| General and administrative | $34.9M | $33.2M | $31.8M |
| Total operating expenses | $247.8M | $227.0M | $222.9M |
| Interest expense, net | -$34.5M | -$37.1M | -$38.1M |
| Loss on extinguishment of debt | $0 | $0 | -$15.0K |
| Impairment of real estate assets | $0 | -$3.9M | $0 |
| Gain on sale of investment properties, net | $91.0M | $3.9M | $2.7M |
| Equity in losses of unconsolidated entities | $0 | $0 | -$557.0K |
| Other income and expense, net | $3.6M | $3.8M | $5.5M |
| Total other (expense) income, net | $60.0M | -$33.3M | -$30.5M |
| Net income | $111.4M | $13.7M | $5.3M |
| Weighted-average common shares outstanding, basic (in shares) | 77.6M shares | 70.4M shares | 67.5M shares |
| Weighted-average common shares outstanding, diluted (in shares) | 78.3M shares | 71.0M shares | 67.8M shares |
| Net income per common share - basic (in dollars per share) | $1.44 | $0.19 | $0.08 |
| Net income per common share - diluted (in dollars per share) | $1.42 | $0.19 | $0.08 |
| Unrealized (loss) gain on derivatives | -$807.0K | $9.0M | $6.2M |
| Reclassification to net income | -$8.9M | -$12.7M | -$14.9M |
| Comprehensive income (loss) | $101.8M | $10.0M | -$3.4M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land | $702.1M | $712.8M | ||
| Building and other improvements | $2.3B | $2.1B | ||
| Construction in progress | $7.5M | $10.0M | ||
| Total | $3.0B | $2.8B | ||
| Less accumulated depreciation | -$525.8M | -$512.0M | ||
| Net investment properties | $2.5B | $2.3B | ||
| Cash, cash equivalents, and restricted cash | $40.5M | $91.2M | $99.8M | $137.8M |
| Intangible assets, net | $194.0M | $137.4M | ||
| Accounts and rents receivable | $37.5M | $36.1M | ||
| Deferred costs and other assets, net | $37.1M | $44.3M | ||
| Total assets | $2.8B | $2.6B | ||
| Debt, net | $825.9M | $740.4M | ||
| Accounts payable and accrued expenses | $48.3M | $46.4M | ||
| Distributions payable | $18.4M | $17.5M | ||
| Intangible liabilities, net | $68.5M | $42.9M | ||
| Other liabilities | $33.3M | $28.7M | ||
| Total liabilities | $994.4M | $875.9M | ||
| Preferred stock, $0.001 par value, 40,000,000 shares authorized, none outstanding | $0 | $0 | ||
| Common stock, $0.001 par value, 146,000,000 shares authorized, 77,691,533 shares issued and outstanding as of December 31, 2025 and 77,450,794 shares issued and outstanding as of December 31, 2024 | $78.0K | $77.0K | ||
| Additional paid-in capital | $5.7B | $5.7B | ||
| Distributions in excess of accumulated net income | -$3.9B | -$4.0B | ||
| Accumulated comprehensive income | $4.8M | $14.4M | ||
| Total stockholders' equity | $1.8B | $1.8B | $1.6B | $1.6B |
| Total liabilities and stockholders' equity | $2.8B | $2.6B | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 40.0M shares | 40.0M shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 146.0M shares | 146.0M shares | ||
| Common stock, shares issued (in shares) | 77.7M shares | 77.5M shares | ||
| Common stock, shares outstanding (in shares) | 77.7M shares | 77.5M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land | $702.1M | $712.8M | ||
| Building and other improvements | $2.3B | $2.1B | ||
| Construction in progress | $7.5M | $10.0M | ||
| Total | $3.0B | $2.8B | ||
| Less accumulated depreciation | -$525.8M | -$512.0M | ||
| Net investment properties | $2.5B | $2.3B | ||
| Cash, cash equivalents, and restricted cash | $40.5M | $91.2M | $99.8M | $137.8M |
| Intangible assets, net | $194.0M | $137.4M | ||
| Accounts and rents receivable | $37.5M | $36.1M | ||
| Deferred costs and other assets, net | $37.1M | $44.3M | ||
| Total assets | $2.8B | $2.6B | ||
| Debt, net | $825.9M | $740.4M | ||
| Accounts payable and accrued expenses | $48.3M | $46.4M | ||
| Distributions payable | $18.4M | $17.5M | ||
| Intangible liabilities, net | $68.5M | $42.9M | ||
| Other liabilities | $33.3M | $28.7M | ||
| Total liabilities | $994.4M | $875.9M | ||
| Preferred stock, $0.001 par value, 40,000,000 shares authorized, none outstanding | $0 | $0 | ||
| Common stock, $0.001 par value, 146,000,000 shares authorized, 77,691,533 shares issued and outstanding as of December 31, 2025 and 77,450,794 shares issued and outstanding as of December 31, 2024 | $78.0K | $77.0K | ||
| Additional paid-in capital | $5.7B | $5.7B | ||
| Distributions in excess of accumulated net income | -$3.9B | -$4.0B | ||
| Accumulated comprehensive income | $4.8M | $14.4M | ||
| Total stockholders' equity | $1.8B | $1.8B | $1.6B | $1.6B |
| Total liabilities and stockholders' equity | $2.8B | $2.6B | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 40.0M shares | 40.0M shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 146.0M shares | 146.0M shares | ||
| Common stock, shares issued (in shares) | 77.7M shares | 77.5M shares | ||
| Common stock, shares outstanding (in shares) | 77.7M shares | 77.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $111.4M | $13.7M | $5.3M |
| Depreciation and amortization | $128.5M | $113.9M | $113.4M |
| Amortization of market-lease intangibles and inducements, net | -$4.4M | -$2.8M | -$3.3M |
| Amortization of debt discounts and financing costs | $2.9M | $2.4M | $4.1M |
| Accretion of finance lease liability | $109.0K | $0 | $0 |
| Straight-line rent adjustments, net | -$3.7M | -$3.4M | -$3.3M |
| Impairment of real estate assets | $0 | $3.9M | $0 |
| Provision for estimated credit losses | $1.0M | $430.0K | $1.0M |
| Loss on extinguishment of debt | $0 | $0 | $15.0K |
| Equity in losses of unconsolidated entities | $0 | $0 | $557.0K |
| Stock-based compensation, net | $10.9M | $9.9M | $9.0M |
| Accounts and rents receivable | -$1.7M | $1.5M | $1.5M |
| Deferred costs and other assets, net | -$2.1M | -$236.0K | $91.0K |
| Accounts payable and accrued expenses | -$797.0K | $511.0K | $2.1M |
| Other liabilities | $4.3M | $961.0K | $1.9M |
| Net cash provided by operating activities | $155.4M | $136.9M | $129.6M |
| Purchase of investment properties | -$400.9M | -$268.1M | -$152.0M |
| Capital investments and leasing costs | -$44.5M | -$36.1M | -$35.7M |
| Proceeds from the sale of investment properties, net | $299.5M | $65.1M | $12.6M |
| Distributions from unconsolidated entities | $0 | $0 | $95.1M |
| Other investing activities, net | $969.0K | -$1.4M | $449.0K |
| Net cash used in investing activities | -$144.9M | -$240.5M | -$79.7M |
| Payment of tax withholdings for stock-based compensation | -$3.9M | -$2.6M | -$1.6M |
| Proceeds from sale of common stock under ESPP | $488.0K | $280.0K | $235.0K |
| Payment of common stock offering costs | -$9.0K | -$12.1M | -$341.0K |
| Distributions to stockholders | -$72.8M | -$62.8M | -$57.5M |
| Proceeds from term loan | $400.0M | $0 | $0 |
| Repayment of term loan | -$400.0M | $0 | $0 |
| Proceeds from line of credit | $68.0M | $10.0M | $30.0M |
| Repayments of line of credit | -$13.0M | -$10.0M | -$30.0M |
| Payoffs of mortgage debt | -$35.9M | -$88.2M | -$33.7M |
| Payment of mortgage principal | -$407.0K | $0 | -$32.0K |
| Payment of financing costs | -$3.6M | -$5.3M | -$175.0K |
| Other financing activities | $0 | $0 | $20.0K |
| Net cash (used in) provided by financing activities | -$61.2M | $95.1M | -$87.9M |
| Net decrease in cash, cash equivalents, and restricted cash | -$50.7M | -$8.5M | -$38.0M |
| Cash paid for interest, net of capitalized interest | $31.3M | $35.6M | $33.1M |
| Cash paid for income taxes, net of refunds | $659.0K | $530.0K | $209.0K |
| Previously held equity investments in real estate assets acquired | $0 | $0 | $39.6M |
| Distributions payable to stockholders | $18.4M | $17.5M | $14.6M |
| Accrued capital investments and leasing costs | $4.2M | $3.6M | $2.6M |
| Capitalized costs placed in service | $23.5M | $14.9M | $16.4M |
| Gross issuance of shares for share-based compensation | $10.9M | $7.7M | $4.6M |
| Finance lease right of use assets obtained in exchange for lease liabilities | $11.0M | $0 | $0 |
| Net investment properties | $396.8M | $245.4M | $200.1M |
| Accounts and rents receivable, lease intangibles, and deferred costs and other assets | $96.8M | $54.0M | $52.9M |
| Accounts payable and accrued expenses, lease intangibles, and other liabilities | -$35.0M | -$18.7M | -$9.1M |
| Assumption of mortgage debt, at fair value | -$57.8M | -$12.6M | -$91.8M |
| Cash outflow for purchase of investment properties, net | $400.9M | $268.1M | $152.0M |
| Assumption of mortgage principal | $60.5M | $13.0M | $92.5M |
| Capitalized acquisition costs | -$2.6M | -$1.1M | -$150.0K |
| Credits, prorations, and other changes in cash outflow, net | $5.8M | $2.1M | -$365.0K |
| Gross acquisition price of investment properties | $464.6M | $282.1M | $244.0M |
| Net investment properties | $205.6M | $59.9M | $10.1M |
| Accounts and rents receivable, lease intangibles, and deferred costs and other assets | $4.2M | $1.6M | $297.0K |
| Accounts payable and accrued expenses, lease intangibles, and other liabilities | -$1.2M | -$271.0K | -$515.0K |
| Gain on sale of investment properties, net | $91.0M | $3.9M | $2.7M |
| Credits, prorations, and other changes in cash inflow, net | $6.7M | $3.5M | $583.0K |
| Gross disposition price of investment properties | $306.2M | $68.6M | $13.1M |
No quarter-by-quarter statement was filed.
Leadership
Who has led InvenTrust Properties Corp., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
2010201520202025
- PresidentDaniel Busch Aug 6, 2021 to now14
- PresidentBrenda G. Gujral Jan 17, 2007 to Jan 2, 200915
- Chief financial officerMichael E. Podboy May 3, 2017 to May 10, 201816
- Chief operating officerChristy Lynn David Mar 15, 2022 to now17
- Chief operating officerIvy Zoe Greaner Jul 17, 2018 to May 8, 202018
Board members and other officers (27)
- EVP, Chief Administrative Off.Lauren Suva Feb 20, 2025 to now19
- E.V.P., C.F.O. & TreasurerDaniel Busch Jul 8, 2019 to Feb 19, 202120
- SVP/Chief Accounting OfficerAdam M. Jaworski Dec 14, 2016 to Jan 2, 202021
- OfficerDavid F. Collins Jun 23, 2015 to Jan 8, 201822
- EVP of InvestmentsMichael E. Podboy Jun 24, 2014 to Jan 3, 201723
- OfficerBarry A. N. Bloom Jun 26, 2014 to Jun 26, 201424
- OfficerMarcel Verbaas Jun 26, 2014 to Jun 26, 201425
- OfficerTravis Roberts Jun 26, 2014 to Jun 26, 201426
- SecretaryScott W. Wilton Apr 10, 2007 to May 10, 201627
- Trea.& Principal Acct. OfficerLori J. Foust Sep 5, 2007 to Sep 5, 200728
- Vice PresidentRoberta S. Matlin Jan 27, 2006 to Jan 2, 200929
- Board memberJulie Swinehart Feb 27, 2025 to now30
- Board memberDaniel Busch Jan 4, 2022 to now31
- Board memberStuart Aitken Feb 26, 2018 to now32
- Board memberAmanda Elizabeth Black Aug 9, 2018 to now33
- Board memberJulian E. Whitehurst Mar 24, 2016 to now34
- Board memberMichael A. Stein Nov 16, 2016 to now35
- Board memberScott A. Nelson Nov 16, 2016 to now36
- Board memberRobert D. Parks Jan 24, 2008 to Jan 24, 200837
- Board memberBrenda G. Gujral Jan 17, 2007 to Jan 2, 200915
- Board memberThomas F. Glavin Oct 18, 2007 to now38
- Board memberDavid Mahon Feb 23, 2006 to Aug 25, 201039
- Board memberJ. Michael Borden Feb 23, 2006 to Jan 8, 201840
- Board memberPaula Saban Feb 23, 2006 to now41
- Board memberThomas F. Meagher Feb 23, 2006 to Feb 28, 201442
- Board memberWilliam J. Wierzbicki Feb 23, 2006 to Jan 3, 201743
- General counselChristy Lynn David Aug 9, 2018 to Feb 25, 202244
Former names
- Inland American Real Estate Trust, Inc.Feb 11, 2005 to Apr 13, 20153
Timeline
- Oct 4, 2004Founded InvenTrust Properties Corp. is founded2
Filings
282 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 72 major events, 132 insider forms, 26 large holders, 32 other. The latest 20:
- Aug 7, 2026SCHEDULE 13G EDGAR
- Aug 3, 20268-K 8-K - INVESTOR PRESENTATION AUGUST 2026 EDGAR
- Aug 3, 202610-Q EDGAR
- Aug 3, 20268-K EDGAR
- Jul 28, 2026SCHEDULE 13G/A EDGAR
- Jul 27, 20264 EDGAR
- Jul 27, 20264 EDGAR
- Jul 27, 20264 EDGAR
- Jul 27, 20264 EDGAR
- Jul 27, 20264 EDGAR
- Jul 17, 2026SCHEDULE 13G EDGAR
- Jul 7, 2026SCHEDULE 13G/A EDGAR
- Jun 23, 20268-K 8-K - 2025 CORPORATE RESPONSIBILITY REPORT EDGAR
- May 29, 20268-K 8-K - UPDATED INVESTOR PRESENTATION MAY 2026 EDGAR
- May 12, 2026SCHEDULE 13G/A EDGAR
- May 7, 20264 EDGAR
- May 7, 20264 EDGAR
- May 7, 20264 EDGAR
- May 7, 20264 EDGAR
- May 7, 20264 EDGAR
The 282 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 8, 2024 | Phillips Michael DouglasE.V.P., C.F.O. & Treasurer | Sale | 3,279 | $25.34 | $83.1K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- State Street CorporationSCHEDULE 13G, 1 filing Aug 7, 202645
- BlackRockSCHEDULE 13G/A, 4 filings Oct 21, 2024 to Jul 28, 202646
- BlackRock Portfolio Management LLCSCHEDULE 13G, 1 filing Jul 17, 202647
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Apr 29, 2026 to Jul 7, 202648
- PRINCIPAL REAL ESTATE INVESTORS LLCSCHEDULE 13G/A, 6 filings Feb 15, 2022 to May 12, 202649
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 202650
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 27, 202651
- MILLENNIUM MANAGEMENT LLCSC 13G/A, 2 filings May 24, 2022 to Jan 26, 202352
- INTEGRATED CORE STRATEGIES (US) LLCSC 13G, 1 filing Dec 22, 202153
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARDaniel Busch, President
- 15SEC EDGARBrenda G. Gujral, President
- 16
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- 20
- 21
- 22SEC EDGARDavid F. Collins, Officer
- 23
- 24SEC EDGARBarry A. N. Bloom, Officer
- 25SEC EDGARMarcel Verbaas, Officer
- 26SEC EDGARTravis Roberts, Officer
- 27SEC EDGARScott W. Wilton, Secretary
- 28
- 29SEC EDGARRoberta S. Matlin, Vice President
- 30SEC EDGARJulie Swinehart, Board member
- 31SEC EDGARDaniel Busch, Board member
- 32SEC EDGARStuart Aitken, Board member
- 33SEC EDGARAmanda Elizabeth Black, Board member
- 34SEC EDGARJulian E. Whitehurst, Board member
- 35SEC EDGARMichael A. Stein, Board member
- 36SEC EDGARScott A. Nelson, Board member
- 37SEC EDGARRobert D. Parks, Board member
- 38SEC EDGARThomas F. Glavin, Board member
- 39SEC EDGARDavid Mahon, Board member
- 40SEC EDGARJ. Michael Borden, Board member
- 41SEC EDGARPaula Saban, Board member
- 42SEC EDGARThomas F. Meagher, Board member
- 43SEC EDGARWilliam J. Wierzbicki, Board member
- 44SEC EDGARChristy Lynn David, General counsel
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