“Our adjustments to EBITDA to arrive at Adjusted EBITDA include removing the impact of (i) gains (or losses) resulting from dispositions of properties, (ii) impairment charges on depreciable real property, (iii) amortization of market-lease intangibles and ind…”10-Q · Aug 3, 2026 ↗
InvenTrust Properties Corp.
IVT
Market read
InvenTrust Properties Corp.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
- Revenue increased 12.6% versus the comparable filing period.
- Operating margin fell 127.2 percentage points.
- IVT's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if IVT's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
- Revenue increased 12.6% versus the comparable filing period.
- Operating margin fell 127.2 percentage points.
- Net income decreased 98.6% versus the comparable filing period.
- Net margin fell 128.8 percentage points.
- IVT's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +9.2% year over year.
- Operating margin changed +32.2 percentage points in the latest annual period.
- Net margin changed +32.3 percentage points in the latest annual period.
- Diluted shares increased 10.3% in the latest annual period.
- Restructuring and cost reductions has repeated adverse evidence across 5 filings.
- P/E is 47% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
32.03Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Cash provided by financing activities of $224.5 million for the six months ended June 30, 2026 was the result of: • $250.0 million from proceeds from the 2026 Notes, • $20.0 million of net proceeds in excess of repayments on the Revolving Credit Facility, and…”10-Q · Aug 3, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 8.4× · EV/sales 11.1×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 10:35 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for IVT. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
The latest filing has limited comparable evidence
10-Q filed 2026-08-03 against the comparable filing from 2025-07-30.
Capital and cash conversion
Reported investment and cash context
- Stock compensation / revenue
- +3.4%
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
What improved
- Revenue increased 12.6% versus the comparable filing period.
What weakened
- Operating margin fell 127.2 percentage points.
- Net income decreased 98.6% versus the comparable filing period.
- Net margin fell 128.8 percentage points.
Filing receipts
“Our adjustments to EBITDA to arrive at Adjusted EBITDA include removing the impact of (i) gains (or losses) resulting from dispositions of properties, (ii) impairment charges on depreciable real property, (iii) amortization of market-lease intangibles and inducements, (iv) straight-line rent adjustments, (v) gains (or losses) resulting from debt transactions, and (vi) other non-operating revenue and expense items which, in our judgment, are not pertinent to measuring ongoing operating performance.”
“Our Nareit FFO is net income (or loss) in accordance with GAAP, excluding gains (or losses) resulting from dispositions of properties, plus depreciation and amortization and impairment charges on depreciable real property.”
“Lease income, net, for the six months ended June 30, 2026 increased $17.9 million when compared to the same period in 2025, as a result of increases from properties acquired of $25.2 million, decreases from properties disposed of $10.2 million, and the following activity related to our Same Properties: • $2.7 million of increased minimum base and ground rent, • $0.4 million of increased lease termination income, and • $0.3 million of increased short-term and other lease income, partially offset by: • $0.3 million of increased credit losses net of related reversals, and • $0.2 million of net decreased straight-line rent adjustments.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
The relationships behind IVT
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
COSTCostco Wholesale CorporationcustomerApr 28, 2026 ▾
“On February 20, 2026, the Company acquired Nashville West, a 324,000 square foot power center shadow-anchored by Target, Costco, and Publix in Nashville, Tennessee, for a gross acquisition price of $88.0 million.”
TGTTarget CorporationcustomerApr 28, 2026 ▾
“On February 20, 2026, the Company acquired Nashville West, a 324,000 square foot power center shadow-anchored by Target, Costco, and Publix in Nashville, Tennessee, for a gross acquisition price of $88.0 million.”
Depended on by
XHRXenia Hotels & Resorts, Inc.investeeFeb 24, 2026 ▾
“In connection with and in order to effectuate the separation and distribution, we and InvenTrust entered into a Separation and Distribution Agreement, among other agreements.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
IVT is currently a Follower in the organic co-movement group Retail REITs. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.