IVT Real Estate

InvenTrust Properties Corp.

$31.08-0.77%

Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026

Basics

Sector: Real Estate
Industry: REIT - Retail
Country: United States
Market cap: 2.4B USD
Enterprise value: 3.4B USD
Full-time employees: 103

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
About average: risk (debt, liquidity and share-price swings)risk

Ranks #521 of 632 real estate companies (bottom 18%)

See how it ranks against its peers

Worth knowing

Profit lifted by an asset sale. 2025 operating profit includes a $91M gain on selling assets; without it the operating margin was about -10%.
InvenTrust Properties's 2025 operating profit of $60M includes a one-off $91M gain on selling assets or businesses. Without it, operations would have earned -$31M, an operating margin of about -10%.
Shareholders being diluted. Shares outstanding up 16% from December 2022 to July 2026.
InvenTrust Properties had 16% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.InvenTrust Properties had 16% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Cash flow well above reported profit. Free cash flow is 7.9× reported profit.
Free cash flow is 7.9× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $198M in 2020 to $299M in 2025.
InvenTrust Properties's fiscal-year revenue rose in each of the five years to 2025, from $198M to $299M.

StockQuotient Score

33/ 100

Oct 5 35 → Nov 4 33 (-2)

Valuation

Is the price right?

17/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ EBITDA yield
▼ Earnings yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield0.6%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.98Sector median: 0.0535 · MAD: 0.0484

EBITDA yield3.1%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -1.12Sector median: 0.0536 · MAD: 0.0204

Free cash flow yield5.0%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported value20% base weight · Z-score -0.35Sector median: 0.0650 · MAD: 0.0444

Other data (not scored)

Book yield72.9%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 1.1277 · MAD: 0.5490

Growth

Is it growing?

38/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 3.0%

Why

Weaker than most peers on:

▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-86.5%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -2.64Sector median: 0.1117 · MAD: 0.3101

3-year revenue growth8.6%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.64Sector median: 0.0378 · MAD: 0.0744

Revenue growth10.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.81Sector median: 0.0297 · MAD: 0.0927

Profitability

Does it earn well?

13/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Operating margin fell 30.4 points to -11.6%

Why

Weaker than most peers on:

▼ Operating margin
▼ ROIC
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-11.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.70Sector median: 0.2683 · MAD: 0.2257

Return on assets0.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.20Sector median: 0.0211 · MAD: 0.0134

Return on invested capital-1.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.26Sector median: 0.0341 · MAD: 0.0197

Other data (not scored)

Gross margin72.6%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.5380 · MAD: 0.2259

Return on equity0.9%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0521 · MAD: 0.0465

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Operating profit now covers interest only 0.0x

Why it changed since the Oct 27, 2026 close: Safety percentile 64 → 65

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Helped by:

▲ Current ratio
▲ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.86

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.35Sector median: 0.7490 · MAD: 0.3270

Current ratio1.85×

Yahoo Finance fallback · SEC figure unavailable or out of dateReported value33% base weight · Z-score 0.91Sector median: 1.1950 · MAD: 0.7210

Debt / equity0.62×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.47Sector median: 0.8040 · MAD: 0.3893

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about InvenTrust Properties

Is InvenTrust Properties getting weaker?: Its latest SEC filing (Aug 3, 2026) got weaker in some ways: operating margin fell 30.4 points to -11.6%; operating profit now covers interest only 0.0x. Its overall score is unchanged at 33/100 since Oct 28, 2026.
How is InvenTrust Properties valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 17/100 against 762 real estate peers. EBITDA yield 3.1% vs a peer median of 5.4% (weaker than 77% of peers).EBITDA yield 3.1% vs peers 5.4% (weaker than 77% of peers).
Is InvenTrust Properties growing?: More slowly than most of its peers. Growth scores 38/100 against 762 real estate peers. Revenue growth 10.5% vs a peer median of 3.0% (stronger than 72% of peers).Revenue growth 10.5% vs peers 3.0% (stronger than 72% of peers). Earnings per share growth -86.5% vs a peer median of 11.2% (weaker than 100% of peers).Earnings per share growth -86.5% vs peers 11.2% (weaker than 100% of peers).
How profitable is InvenTrust Properties?: Less profitable than most of its peers. Profitability scores 13/100 against 762 real estate peers. Operating margin -11.6% vs a peer median of 26.8% (weaker than 93% of peers).Operating margin -11.6% vs peers 26.8% (weaker than 93% of peers).
How risky is InvenTrust Properties?: Moderate risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Current ratio 1.85× vs a peer median of 1.20× (stronger than 70% of peers).Current ratio 1.85× vs peers 1.20× (stronger than 70% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 3, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Operating margin fell 30.4 points to -11.6%
Operating profit now covers interest only 0.0x

Worth watching: InvenTrust Properties is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	308.0M USD	317.3M USD	+3.0%
Net income (12 months)	109.8M USD	15.2M USD	−86.1%
Operating margin	18.8%	-11.6%	−30.4 pts
Debt	952.2M USD	1.1B USD	+15.0%
Cash	34.4M USD	74.9M USD	+117.8%
Shares outstanding	77.9M	78.0M	+0.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: REIT - Retail · 21 companies

Valuations in REIT - Retail are above their usual range since Mar 2016.

61% of months since Mar 2016 were valued lower than now.
5% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +9% and earnings +49% (medians): earnings grew faster than prices.
Median price-to-sales is +189% vs the whole market, against a usual +191%.

Mar 2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	-3.8%	7.2%	-11.8%	-12.2%	20.1%	▲ 32 pts
Net margin	-2.5%	22.1%	2.0%	5.0%	37.2%	▲ 32 pts
Return on assets (ROA)	-0.2%	2.1%	0.2%	0.5%	4.0%	▲ 3.5 pts
Return on equity (ROE)	-0.3%	3.3%	0.3%	0.8%	6.2%	▲ 5.4 pts
Free cash flow margin	35.2%	39.1%	36.3%	36.8%	37.1%	▲ 0.3 pts
Debt to equity	0.34×	0.47×	0.52×	0.42×	0.46×	▲ 9.4%
Interest coverage	-0.50×	0.63×	-0.80×	-0.90×	1.74×	▲ 293%

IVT price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Dear Life Co.,Ltd.3245.T95/ 100

Sakura Development Co.,Ltd2539.TW94/ 100

Millrose Properties, Inc.MRP94/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

About average: risk (debt, liquidity and share-price swings)risk

Ranks #521 of 632 real estate companies (bottom 18%)

See how it ranks against its peers

Worth knowing

Profit lifted by an asset sale. 2025 operating profit includes a $91M gain on selling assets; without it the operating margin was about -10%.

InvenTrust Properties's 2025 operating profit of $60M includes a one-off $91M gain on selling assets or businesses. Without it, operations would have earned -$31M, an operating margin of about -10%.

Shareholders being diluted. Shares outstanding up 16% from December 2022 to July 2026.

InvenTrust Properties had 16% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.InvenTrust Properties had 16% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Cash flow well above reported profit. Free cash flow is 7.9× reported profit.

Free cash flow is 7.9× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $198M in 2020 to $299M in 2025.

InvenTrust Properties's fiscal-year revenue rose in each of the five years to 2025, from $198M to $299M.

Questions investors ask about InvenTrust Properties

Is InvenTrust Properties getting weaker?

Its latest SEC filing (Aug 3, 2026) got weaker in some ways: operating margin fell 30.4 points to -11.6%; operating profit now covers interest only 0.0x. Its overall score is unchanged at 33/100 since Oct 28, 2026.

How is InvenTrust Properties valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 17/100 against 762 real estate peers. EBITDA yield 3.1% vs a peer median of 5.4% (weaker than 77% of peers).EBITDA yield 3.1% vs peers 5.4% (weaker than 77% of peers).

Is InvenTrust Properties growing?

More slowly than most of its peers. Growth scores 38/100 against 762 real estate peers. Revenue growth 10.5% vs a peer median of 3.0% (stronger than 72% of peers).Revenue growth 10.5% vs peers 3.0% (stronger than 72% of peers). Earnings per share growth -86.5% vs a peer median of 11.2% (weaker than 100% of peers).Earnings per share growth -86.5% vs peers 11.2% (weaker than 100% of peers).

How profitable is InvenTrust Properties?

Less profitable than most of its peers. Profitability scores 13/100 against 762 real estate peers. Operating margin -11.6% vs a peer median of 26.8% (weaker than 93% of peers).Operating margin -11.6% vs peers 26.8% (weaker than 93% of peers).

How risky is InvenTrust Properties?

Moderate risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Current ratio 1.85× vs a peer median of 1.20× (stronger than 70% of peers).Current ratio 1.85× vs peers 1.20× (stronger than 70% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

308.0M USD

317.3M USD

+3.0%

Net income (12 months)

109.8M USD

15.2M USD

−86.1%

Operating margin

18.8%

-11.6%

−30.4 pts

Debt

952.2M USD

1.1B USD

+15.0%

Cash

34.4M USD

74.9M USD

+117.8%

Shares outstanding

77.9M

78.0M

+0.1%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

-3.8%

7.2%

-11.8%

-12.2%

20.1%

▲ 32 pts

Net margin

-2.5%

22.1%

2.0%

5.0%

37.2%

▲ 32 pts

Return on assets (ROA)

-0.2%

2.1%

0.2%

0.5%

4.0%

▲ 3.5 pts

Return on equity (ROE)

-0.3%

3.3%

0.3%

0.8%

6.2%

▲ 5.4 pts

Free cash flow margin

35.2%

39.1%

36.3%

36.8%

37.1%

▲ 0.3 pts

Debt to equity

0.34×

0.47×

0.52×

0.42×

0.46×

▲ 9.4%

Interest coverage

-0.50×

0.63×

-0.80×

-0.90×

1.74×

▲ 293%