UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMMISSION FILE NUMBER: 001-40896 INVENTRUST PROPERTIES CORP. (Exact name of registrant as specified in its charter) Maryland 34-2019608 (State or other jurisdiction of in ...

财务数据和关键指标变化 - 2023年第四季度NAREIT FFO为3,080万美元,每股0.45美元,全年NAREIT FFO为1.155亿美元,每股1.70美元,主要受益于NOI增长、收购剩余45%合资企业权益、利息收入增加和非经常性收入增加 [23] - 2023年第四季度核心FFO为2,780万美元,每股0.41美元,同比增长21%,全年为1.119亿美元,每股1.65美元,同比增长5% [24] - 2023年第四季度同店NOI增长6.4%,全年增长4.9%,主要由基础租金、净费用报销和附属及百分比租金增长带动 [25] 各条业务线数据和关键指标变化 - 公司的租赁活动保持强劲,2023年第四季度签署86份租约,租赁面积超过55万平方英尺 [34] - 公司签署了两处Bed Bath & Beyond空间的租约,分别引入PGA Superstore和Nordstrom Rack,预计租金溢价超过30% [35] - 公司剩余两处Bed Bath & Beyond空间也收到多份意向书,正在评估最佳租户 [36] - 2023年第四季度,公司总体租赁率达96.2%,创新高,其中主要租户租赁率为98.2%,小店租赁率为92.5% [37][38] - 2023年第四季度,公司平均基础租金为19.48美元/平方英尺,同比增长2.1% [39] - 2023年第四季度,公司租赁续约租金溢价约8%,新租赁租金溢价约34% [40] 各个市场数据和关键指标变化 - 公司85%的资产位于人口净流入量较大的州,如德克萨斯州和佛罗里达州 [13] - 公司在凤凰城市场的首次收购标志着公司进一步拓展业务版图,该资产位于凤凰城第三大城市钱德勒,具有良好的人口增长和零售需求特征 [56][57][58][59] 公司战略和发展方向及行业竞争 - 公司专注于在日光带地区拥有和运营必需品零售中心,保持简单和低杠杆的资本结构,采取明确的资本配置计划 [11] - 公司将继续谨慎监控资本成本与私募市场估值,保持纪律性地扩张投资组合 [17] - 公司认为未来几年内新零售建设将大幅低于历史平均水平,优质零售空间供给稀缺,有利于公司提升租金和优化租户组合 [33] - 公司将重点在2024年内尽快完成剩余主要租户的租赁,并确保2023年的租赁活动顺利落地 [40] 管理层对经营环境和未来前景的评论 - 公司2023年业绩表现出色,体现了公司简单聚焦战略的实力和抗风险能力 [11] - 公司所在的日光带地区人口净流入和零售需求强劲,加之新建零售供给有限,为公司业务发展提供有利支撑 [13] - 尽管2023年出现一些知名零售商破产,但公司租赁活动仍保持强劲,租赁率接近历史高位,体现了租户信用实力和必需品定位的优势 [14][15] - 公司预计2024年的有利趋势将抵消之前破产事件带来的短期影响,未来几年的主要租赁将为持续增长做出重大贡献 [16] 问答环节重要的提问和回答 问题1 **Dori Kesten 提问** 公司2023年75百万美元的净投资活动中,有多少已经完成?是否包括非日光带地区资产的出售? [43] **DJ Busch 回答** 公司已在第一季度完成了30百万美元的收购,剩余部分有较好的可见性。公司会根据资本成本的变化调整收购节奏。公司有3处非日光带地区资产,会根据收购机会适时出售这些资产 [44][45][46][47] 问题2 **Lizzy Doykan 提问** 公司浮动利率债务占比约10%,是否会继续采取套期保值措施? [48] **DJ Busch 回答** 公司认为10%的浮动利率债务占比是合适的水平,会继续密切关注利率走势。公司已经利用手头现金偿还了部分浮动利率债务 [49] 问题3 **Floris van Dijkum 提问** 公司进入凤凰城市场,未来在该市场的投资规模和计划如何? [68] **DJ Busch 回答** 公司过去就在凤凰城市场有运营经验,这次收购是公司在该市场的"插旗"行为。公司希望未来在凤凰城市场能够拥有3-4处资产,形成良好的集聚效应。公司会继续关注该市场的收购机会,但获得规模化资产组合需要一定时间 [69][70][71]

InvenTrust Properties Corporation (NYSE:IVT) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Dan Lombardo - VP, IR DJ Busch - President, CEO, & Director Mike Phillips - CFO, EVP, & Treasurer Christy David - COO, EVP, General Counsel, Company Secretary Dave Heimberger - Chief Investment Officer, SVP Conference Call Participants Lizzy Doykan - Bank of America Cesar Bracho - Wells Fargo Paulina Rojas - Green Street Operator Hello and thank you for standing by, and welcome to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40896 INVENTRUST PROPERTIES CORP. (Exact name of registrant as specified in its charter) Maryland 34-2019608 (State or other jurisdict ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40896 INVENTRUST PROPERTIES CORP. (Exact name of registrant as specified in its charter) Maryland 34-2019608 (State or other jurisdiction o ...

Inventrust Properties Corporation (NYSE:IVT) Q2 2023 Earnings Conference Call August 1, 2023 9:00 AM ET Company Participants Dan Lombardo - VP, IR DJ Busch - President, CEO, & Director Mike Phillips - CFO, EVP, & Treasurer Christy David - COO, EVP, General Counsel, Company Secretary Dave Heimberger - Chief Investment Officer, SVP Conference Call Participants Paulina Rojas - Green Street Advisors Cesar Bracho - Wells Fargo & Company Floris van Dijkum - Compass Point Lizzy Doykan - Bank of America Merrill Lyn ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40896 INVENTRUST PROPERTIES CORP. (Exact name of registrant as specified in its charter) Maryland 34-2019608 (State or other jurisdiction ...

InvenTrust Properties Corp. (NYSE:IVT) Q1 2023 Earnings Conference Call April 28, 2023 10:00 AM ET Company Participants Dan Lombardo - Vice President, Investor Relations Daniel Busch - President & Chief Executive Officer Mike Phillips - Chief Financial Officer Christy David - Chief Operating Officer Conference Call Participants Floris van Dijkum - Compass Point Operator Thank you for standing by and welcome to InvenTrust's First Quarter 2023 Earnings Conference Call. My name is Emily and I'll be your confer ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMMISSION FILE NUMBER: 001-40896 INVENTRUST PROPERTIES CORP. (Exact name of registrant as specified in its charter) Maryland 34-2019608 (State or other jurisdiction of in ...

InvenTrust Properties Corp. (NYSE:IVT) Q4 2022 Earnings Conference Call February 15, 2023 10:00 AM ET Company Participants Dan Lombardo - VP, IR Daniel Busch - President and CEO Mike Phillips - EVP, CFO and Treasurer Christy David - EVP, COO, General Counsel and Secretary Conference Call Participants Floris van Dijkum - Compass Point Operator Thank you for standing by and welcome to InvenTrust's Fourth Quarter 2022 Earnings Conference Call. My name is Emily and I'll be your conference call operator today. B ...