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InvenTrust Properties Corp. (NYSE:IVT), a real estate investment trust with a market capitalization of $2.34 billion and a solid track record of seven consecutive years of dividend increases, announced today the filing of an automatic shelf registration statement and a prospectus supplement for its ongoing "at-the-market" equity offering program.
According to InvestingPro data, the company maintains strong financial health with liquid assets exceeding short-term obligations.
The real estate investment trust, headquartered in Downers Grove, Illinois, filed the new shelf registration statement with the Securities and Exchange Commission (SEC) to replace a previous one from March 7, 2022. The new registration became effective on Today, February 20, 2025.
Concurrent with the registration update, InvenTrust entered into an amendment to its Equity Distribution Agreement. This amendment adds additional Managers and Forward Purchasers to the agreement, reflecting the new registration statement and prospectus supplement.
As of Today, InvenTrust has sold approximately $13.3 million worth of common stock under the program, leaving roughly $236.7 million available for future sales. The company’s common stock is traded on the New York Stock Exchange under the ticker symbol IVT, currently trading near its 52-week high of $31.65 and offering a dividend yield of 3.03%. InvestingPro subscribers can access detailed valuation metrics and 10 additional exclusive ProTips about IVT’s financial performance and growth prospects.
The amendment was made with various financial institutions, including Wells Fargo (NYSE:WFC) Securities, LLC, BofA Securities, Inc., and others, who act as sales agents, principals, forward sellers, and forward purchasers.
The information provided in this article is based on a press release statement. For comprehensive analysis and detailed metrics, including revenue growth of 6.14% over the last twelve months, investors can access the full Pro Research Report available exclusively on InvestingPro, part of the platform’s coverage of over 1,400 US equities.
In other recent news, InvenTrust Properties Corp. has announced the appointment of Julie M. Swinehart to its Board of Directors.
Swinehart, currently serving as Executive Vice President and Chief Financial Officer of Fenway Sports Group, brings extensive experience in finance and real estate to the board. Her role will include serving as an independent director on both the Audit and Compensation Committees.
In another development, Jefferies analyst Linda Tsai has upgraded InvenTrust Properties’ stock rating from Hold to Buy, raising the price target to $34.00. Tsai’s positive outlook is based on expectations of rent increases and limited refinancing activity, which are considered advantageous for the company.
The analyst also noted that InvenTrust’s low level of maturing debt in 2025 is favorable compared to industry peers. Additionally, the company’s Sunbelt portfolio is expected to drive stronger rent growth due to demographic strength in the areas where it operates.
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