InvenTrust Properties Corp. (IVT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	-$0.23	-$0.02	+91.3%	—	$82.8M	—
Q1 26	$0.05	$0.02	-60.0%	—	$82.6M	—
Q4 25	$0.04	$0.01	-75.0%	—	$77.4M	—
Q3 25	$0.07	$0.04	-42.9%	—	$74.5M	—
Q2 25	$0.07	$0.04	-42.9%	—	$73.6M	—
Q1 25	$0.07	$0.06	-14.3%	—	$73.8M	—
Q4 24	$0.05	$0.05	0.0%	—	$71.2M	—
Q3 24	$0.01	$0.02	+100.0%	—	$68.5M	—
Q2 24	$0.01	$0.02	+100.0%	—	$67.4M	—
Q1 24	-$0.02	$0.02	+200.0%	—	$66.8M	—
Q4 23	-$0.03	-$0.02	+33.3%	—	$64.7M	—
Q3 23	$0.02	-$0.01	-150.0%	—	$64.1M	—
Q2 23	$0.02	$0.03	+50.0%	—	$64.7M	—
Q1 23	$0.01	$0.02	+100.0%	—	$65.2M	—
Q4 22	$0.03	$0.34	+1033.3%	—	$59.3M	—
Q3 22	-$0.01	$0.01	+200.0%	—	$58.8M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.44	—	—	$299.2M	—
FY24	—	$0.19	—	—	$274M	—
FY23	—	$0.08	—	—	$258.7M	—
FY22	—	$0.77	—	—	$236.7M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$242.7M	$251.8M	$242.7M	$226.5M	$197.8M	$212M	$236.7M	$258.7M	$274M	$299.2M
YoY change	-5.8%	+3.76%	-3.63%	-6.67%	-12.7%	+7.15%	+11.7%	+9.28%	+5.91%	+9.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	242.7M	251.8M	242.7M	226.5M	197.8M	212M	236.7M	258.7M	274M	299.2M
Cost of revenue	71.1M	71.2M	70M	66.2M	58.8M	64.1M	73.2M	77.6M	79.9M	84.3M
Gross profit	171.6M	180.6M	172.6M	160.3M	139.1M	147.9M	163.5M	181M	194.1M	214.8M
Gross margin	70.7%	71.7%	71.1%	70.8%	70.3%	69.8%	69.1%	70%	70.9%	71.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	49.1M	42.7M	35.3M	35.4M	33.1M	38.2M	33.3M	31.8M	33.2M	34.9M
Operating expenses	49.1M	42.7M	35.3M	35.4M	33.1M	58M	33.3M	31.8M	33.2M	34.9M
Operating income	38.8M	42.6M	36.8M	27.5M	18.2M	2.8M	35.2M	35.8M	47M	51.4M
Operating margin	16%	16.9%	15.2%	12.2%	9.19%	1.31%	14.9%	13.8%	17.2%	17.2%
Non-operating income, net	112.9M	42.9M	72M	59.1M	-9.6M	8.1M	43.8M	7.6M	3.8M	94.5M
Pretax income	119.4M	59.3M	83.8M	63.9M	-10.2M	-5.4M	52.2M	5.3M	13.7M	111.4M
Income tax	201K	1.3M	30K	1.1M	—	—	—	—	—	—
Net income	252.7M	61.8M	83.8M	38.4M	-10.2M	-5.4M	52.2M	5.3M	13.7M	111.4M
Net margin	104.1%	24.5%	34.6%	17%	-5.14%	-2.53%	22.1%	2.04%	4.99%	37.2%
EBITDA	174.5M	141.1M	108.7M	127.3M	106.1M	96.9M	135.9M	154.2M	164.7M	183.5M
EPS	2.9	0.7	1.1	0.53	-0.14	-0.08	0.77	0.08	0.19	1.44
Diluted EPS	2.9	0.7	1.1	0.53	-0.14	-0.08	0.77	0.08	0.19	1.42

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	64.1M	64.7M	66.8M	67.4M	68.5M	71.2M	73.8M	73.6M	74.5M	77.4M	82.6M	82.8M
Cost of revenue	19.9M	19.2M	19M	19.3M	20M	21.6M	20.1M	21.7M	20.1M	22.5M	21.9M	22.6M
Gross profit	44.2M	45.5M	47.8M	48.1M	48.5M	49.6M	53.7M	51.9M	54.4M	54.9M	60.7M	60.3M
Gross margin	69%	70.3%	71.6%	71.4%	70.8%	69.7%	72.7%	70.5%	73%	71%	73.5%	72.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	7.6M	8.4M	8M	8.7M	8.1M	8.4M	8.5M	8.7M	8.3M	9.4M	9.3M	8.9M
Operating expenses	7.6M	8.4M	8M	8.7M	8.1M	8.4M	8.5M	8.7M	8.3M	9.4M	9.3M	8.9M
Operating income	6.3M	9M	11.7M	10.7M	12.3M	12.4M	14.5M	12.4M	13.3M	11.1M	15M	12.7M
Operating margin	9.81%	13.9%	17.5%	15.8%	17.9%	17.4%	19.7%	16.9%	17.9%	14.4%	18.1%	15.3%
Non-operating income, net	2.5M	3.6M	858K	455K	-3.3M	5.8M	607K	91.9M	1.7M	398K	315K	29K
Pretax income	-822K	2.9M	2.9M	1.5M	-539K	9.8M	6.8M	95.9M	6M	2.7M	5.2M	1.4M
Income tax	—	—	—	—	—	—	—	—	—	—	—	—
Net income	-822K	2.9M	2.9M	1.5M	-539K	9.8M	6.8M	95.9M	6M	2.7M	5.2M	1.4M
Net margin	-1.28%	4.47%	4.34%	2.22%	-0.79%	13.8%	9.21%	130.4%	8.09%	3.44%	6.28%	1.65%
EBITDA	37.3M	40.7M	40.7M	39.9M	40.6M	43.5M	45.7M	44.1M	47.7M	46M	51.7M	51.4M
EPS	-0.01	0.04	0.04	0.02	-0.01	0.13	0.09	1.24	0.08	0.03	0.07	0.02
Diluted EPS	-0.01	0.04	0.04	0.02	-0.01	0.13	0.09	1.23	0.08	0.03	0.07	0.02

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.8B	1.2B	1.2B	1.1B	792.4M	1.9B	1.6B	1.7B	2.1B	—	2.4B
Enterprise value	1.9B	1.7B	1.5B	1.5B	1.1B	2.4B	2.2B	2.4B	2.8B	—	3.4B
Shares outstanding	85.5M	77.3M	76.1M	72.9M	72M	71.1M	67.4M	67.5M	70.4M	77.6M	77.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	6.97	18.8	14.1	29.4	—	—	30.5	324.8	155.3	—	161.7
P/S	7.25	4.61	4.86	4.99	4.01	9.14	6.74	6.62	7.74	—	7.55
P/B	0.9	0.61	0.64	0.62	0.46	1.23	0.99	1.1	1.21	—	1.36
EV/EBITDA	10.6	11.8	13.6	11.4	10.6	25.1	16.3	15.8	16.8	—	18.4
EV/Sales	7.62	6.59	6.1	6.4	5.69	11.5	9.35	9.39	10.1	—	10.7
Earnings yield	14.4%	5.33%	7.11%	3.4%	—	—	3.27%	0.31%	0.64%	—	0.62%
FCF yield	5.33%	4.49%	6.96%	7.81%	10.3%	3.85%	5.8%	5.49%	4.75%	—	4.89%
PEG	—	—	—	—	—	—	—	—	—	—	-1.64

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	70.7%	71.7%	71.1%	70.8%	70.3%	69.8%	69.1%	70%	70.9%	71.8%	72.8%
Operating margin	16%	16.9%	15.2%	12.2%	9.19%	1.31%	14.9%	13.8%	17.2%	17.2%	15.3%
Net margin	104.1%	24.5%	34.6%	17%	-5.14%	-2.53%	22.1%	2.04%	4.99%	37.2%	4.8%
ROE	13%	3.24%	4.53%	2.11%	-0.59%	-0.34%	3.26%	0.34%	0.78%	6.21%	0.85%
ROA	9.07%	2.29%	3.31%	1.53%	-0.42%	-0.24%	2.11%	0.21%	0.52%	4%	1.13%
ROIC	1.9%	1.73%	1.71%	1.26%	—	—	—	—	—	—	—
Return on tangible assets	9.56%	2.5%	3.61%	1.69%	-0.46%	-0.26%	2.3%	0.23%	0.58%	4.64%	0.54%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	12.3	4.04	6.37	6.76	6.03	1.5	3.04	2.28	1.99	1.17	1.85
Quick ratio	12.3	4.04	6.37	6.76	6.03	1.5	3.04	2.28	1.99	1.17	1.73
Debt / equity	0.34	0.35	0.3	0.32	0.32	0.34	0.47	0.52	0.42	0.46	0.62
Debt / assets	0.24	0.25	0.22	0.23	0.23	0.24	0.31	0.33	0.28	0.3	0.36
Net debt / EBITDA	0.51	3.55	2.78	2.51	3.13	5.12	4.54	4.66	3.96	4.28	5.19
Interest coverage	3.71	2.97	4.36	3.81	0.46	0.67	2.95	1.14	1.37	4.23	1.39
Effective tax rate	0.17%	2.23%	0.04%	1.72%	—	—	—	—	—	—	—

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	2.84	3.26	3.19	3.11	2.75	2.98	3.51	3.83	3.89	3.86	4.08
EPS (basic)	2.9	0.7	1.1	0.53	-0.14	-0.08	0.77	0.08	0.19	1.44	1.44
EPS (diluted)	2.9	0.7	1.1	0.53	-0.14	-0.08	0.77	0.08	0.19	1.42	0.19
Book value per share	22.8	24.6	24.3	25	24.1	22.1	23.8	23	25	23.1	22.6
FCF per share	1.1	0.67	1.08	1.21	1.13	1.05	1.37	1.39	1.43	1.43	1.53
Cash per share	6.8	2.17	3.42	3.5	3.09	0.52	2.04	1.43	1.24	0.52	1.08
Capex per share	—	—	—	—	—	—	—	—	—	0.57	0.51

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	14.9%	12.7%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	28.6%	25.2%
Payout ratio	39%	86.3%	64.6%	138.7%	-532.9%	-1K%	105.9%	1.1K%	459.7%	65.4%	513.4%
Dividend yield	5.6%	4.6%	4.59%	4.71%	6.84%	2.87%	3.47%	3.36%	2.96%	—	3.26%

Yield

3.26%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.25

ex-dividend Jun 30, 2026

Payout ratio

513%

of earnings

Dividend growth

5 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 30, 2026	$0.25
Mar 31, 2026	$0.25
Dec 30, 2025	$0.238
Sep 30, 2025	$0.238
Jun 30, 2025	$0.238
Mar 31, 2025	$0.2376
Dec 30, 2024	$0.2263
Sep 30, 2024	$0.2263

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$64.1M	$64.7M	$66.8M	$67.4M	$68.5M	$71.2M	$73.8M	$73.6M	$74.5M	$77.4M	$82.6M	$82.8M
YoY change	+9.03%	+9.2%	+2.44%	+4.23%	+6.96%	+10.1%	+10.4%	+9.09%	+8.68%	+8.63%	+11.9%	+12.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	581.1M	167.5M	260.1M	255.1M	222.6M	37M	137.6M	96.4M	87.4M	40.5M
Receivables	28.9M	30.5M	27.1M	30.2M	29M	30.1M	34.5M	35.4M	36.1M	37.5M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	628.4M	207.2M	291.9M	290.9M	252.8M	74.9M	172.3M	135.1M	127.4M	78M
Property, plant & equipment	—	—	—	2M	1.8M	2.7M	2.6M	—	—	—
Goodwill & intangibles	144.5M	230.8M	216M	232.7M	191.4M	162.1M	202.3M	229M	274.8M	387.9M
Total assets	2.8B	2.7B	2.5B	2.5B	2.4B	2.2B	2.5B	2.5B	2.6B	2.8B
Accounts payable	38.2M	37.8M	32.8M	29.8M	28.3M	36.2M	42.8M	44.6M	46.4M	48.3M
Short-term debt	—	—	—	—	—	—	—	—	—	—
Total current liabilities	51.3M	51.2M	45.8M	43.1M	41.9M	50M	56.6M	59.2M	63.9M	66.7M
Long-term debt	670.7M	667.9M	561.8M	575M	555.1M	533.1M	754.6M	814.6M	740.4M	825.9M
Total liabilities	837.2M	792.9M	683.7M	687.6M	668.5M	640.9M	869.1M	933.3M	875.9M	994.4M
Shareholders' equity	1.9B	1.9B	1.9B	1.8B	1.7B	1.6B	1.6B	1.6B	1.8B	1.8B
Total debt	670.7M	667.9M	561.8M	575M	555.1M	533.1M	754.6M	814.6M	740.4M	825.9M
Net debt	273.4M	505.1M	301.7M	319.9M	332.5M	496.1M	616.9M	718.2M	653M	785.4M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	104.1M	96.4M	75.1M	37.1M	202.8M	87.4M	84.6M	294M	76.4M	40.5M	34.4M	74.9M
Receivables	33.9M	35.4M	29.8M	30.9M	34.8M	36.1M	33.8M	35.2M	39.5M	37.5M	36.5M	39.6M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	138M	135.1M	104.9M	68M	237.6M	127.4M	118.4M	329.2M	115.8M	78M	70.9M	114.5M
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	122.8M	229M	110.9M	111.6M	107M	274.8M	129M	139.9M	188.2M	387.9M	202.7M	217.6M
Total assets	2.5B	2.5B	2.5B	2.5B	2.6B	2.6B	2.6B	2.7B	2.7B	2.8B	2.9B	3B
Accounts payable	46.6M	44.6M	28.8M	39.5M	48.7M	46.4M	30.4M	44.1M	50.5M	48.3M	29.2M	46.6M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	61.2M	59.2M	44.1M	54.8M	66.1M	63.9M	48.8M	62.6M	69M	66.7M	48.7M	66.1M
Long-term debt	834.2M	814.6M	827.5M	812.2M	740.1M	740.4M	740.7M	746.3M	764.6M	825.9M	952.2M	1.1B
Total liabilities	958.5M	933.3M	928.3M	924.5M	865.3M	875.9M	860.7M	887.2M	925.6M	994.4M	1.1B	1.3B
Shareholders' equity	1.6B	1.6B	1.5B	1.5B	1.8B	1.8B	1.7B	1.8B	1.8B	1.8B	1.8B	1.8B
Total debt	834.2M	814.6M	827.5M	812.2M	740.1M	740.4M	740.7M	746.3M	764.6M	825.9M	952.2M	1.1B
Net debt	730.1M	718.2M	752.4M	775.1M	537.4M	653M	656.2M	452.3M	688.2M	785.4M	917.8M	1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	252.7M	61.8M	83.8M	38.4M	-10.2M	-5.4M	52.2M	5.3M	13.7M	111.4M
Depreciation & amortization	112.2M	91.2M	95.2M	91.3M	80.7M	82.8M	89.4M	110.1M	111.1M	124.1M
Stock-based compensation	2.2M	3.4M	4.3M	5.5M	4.4M	9.1M	6.5M	9M	9.9M	10.9M
Change in working capital	2.9M	3.3M	2.1M	-4.8M	-8.6M	120K	2.9M	3.5M	2.2M	426K
Operating cash flow	375.2M	158.7M	182.3M	128.5M	65.6M	85.2M	150M	128.7M	135.9M	155.4M
Capital expenditure	—	—	—	—	—	—	—	—	—	-44.5M
Investing cash flow	-49.8M	161M	-7.8M	18.3M	-534K	-5.6M	-1.2M	449K	-1.4M	-43.6M
Dividends paid	-98.6M	-53.4M	-54.2M	-53.3M	-54.2M	-55.6M	-55.3M	-57.5M	-62.8M	-72.8M
Share repurchases	-241M	0	-98.4M	0	0	-116.4M	0	0	—	—
Financing cash flow	-1B	-159.4M	-207.1M	-47.9M	-76.9M	-204.2M	80.6M	-87.9M	95.1M	-61.2M
Net change in cash	-687.8M	160.3M	-32.6M	98.9M	-11.8M	-124.5M	229.4M	41.2M	229.7M	50.6M
Free cash flow	93.9M	52M	82.1M	88.3M	81.2M	74.6M	92.6M	93.9M	100.8M	110.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-822K	2.9M	2.9M	1.5M	-539K	9.8M	6.8M	95.9M	6M	2.7M	5.2M	1.4M
Depreciation & amortization	29.7M	27.5M	27.6M	28.1M	27.3M	28.1M	29.7M	29.6M	31.5M	33.2M	34.1M	37M
Stock-based compensation	2.3M	2.4M	2.2M	2.6M	2.6M	2.6M	2.8M	2.7M	2.7M	2.7M	2.8M	2.8M
Change in working capital	-1.2M	-2.8M	-192K	3.1M	-1.7M	970K	-1.1M	-1.6M	-2.2M	5.3M	-2.6M	-1.4M
Operating cash flow	30.5M	29.7M	32.2M	35M	27.5M	41.4M	38M	48.7M	43.8M	42.7M	20.2M	53.9M
Capital expenditure	—	—	—	—	—	—	—	-10.7M	-12.4M	-14M	-6.1M	-7.9M
Investing cash flow	1.6M	815K	-1M	-1.8M	-61K	-1.1M	272K	-9.7M	-13.7M	-13M	-6M	-7.9M
Dividends paid	-14.6M	-14.6M	-14.6M	-15.4M	-15.4M	-17.5M	-17.5M	-18.4M	-18.4M	-18.4M	-18.4M	-19.5M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-14.6M	-66M	-15.8M	-31.1M	148M	-16M	-19.7M	-44.5M	-22.4M	25.5M	101.9M	-337.5M
Net change in cash	17.5M	-35.5M	15.3M	2.1M	175.3M	24.3M	18.5M	-5.6M	7.7M	55.2M	116.1M	-291.5M
Free cash flow	22.7M	23.2M	9.9M	43M	29.3M	26.5M	12.8M	38M	31.4M	28.7M	14.1M	46M

InvenTrust Properties Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history