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DOWNERS GROVE, III. - InvenTrust Properties Corp. (NYSE:IVT), a real estate investment trust (REIT) focusing on Sun Belt retail properties, announced a 5% increase in its quarterly cash distribution to shareholders. The new distribution rate is $0.2376 per share of common stock, which, when annualized, amounts to $0.9505 per share. According to InvestingPro data, this marks the company’s 7th consecutive year of dividend increases, with the current yield standing at 3.12%.
This enhanced cash distribution is scheduled to be paid on April 15, 2025, to all shareholders of record as of March 31, 2025. The increase represents a commitment to delivering value to its stockholders and reflects the company’s confidence in its financial strength and consistent performance.
InvenTrust Properties specializes in owning, leasing, redeveloping, and managing grocery-anchored neighborhood and community centers. Additionally, the company invests in high-quality power centers with a grocery component, primarily in the Sun Belt region. With a market capitalization of $2.25 billion, the company has demonstrated solid performance with 6.14% revenue growth and maintains a healthy current ratio of 1.34. InvestingPro analysis indicates the stock is trading above its Fair Value, while maintaining a "GOOD" overall financial health score. The company’s strategy includes acquiring retail properties in these markets, selective disposition of assets, maintaining a flexible capital structure, and a dedication to improving its environmental, social, and governance practices.Discover more valuable insights about IVT and access comprehensive analysis with InvestingPro’s detailed research report, one of 1,400+ available for top US stocks.
The information regarding the increased distribution is based on a press release statement from InvenTrust Properties Corp.
In other recent news, InvenTrust Properties Corp. has updated its shelf registration statement and at-the-market equity offering program. The company announced that approximately $13.3 million worth of common stock has been sold, leaving about $236.7 million available for future sales. InvenTrust also appointed Julie M. Swinehart to its Board of Directors, where she will serve as an independent director on the Audit and Compensation Committees. Swinehart brings significant financial and real estate experience, having previously served in key roles at Retail Properties of America, Inc.
Additionally, Jefferies analyst Linda Tsai upgraded InvenTrust Properties’ stock rating from Hold to Buy, increasing the price target to $34.00. This upgrade is based on expectations of rent increases and limited refinancing activity, which are seen as favorable compared to industry peers. The analyst also noted that only $35.9 million of InvenTrust’s mortgages are maturing in 2025, which is advantageous. The company’s Sunbelt portfolio is expected to facilitate stronger rent growth due to demographic strengths in the targeted market areas.
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