Revenue: As of FY2026 Q2, the actual value is USD 82.83 M.

EPS: As of FY2026 Q2, the actual value is USD 0.02, missing the estimate of USD 0.04.

EBIT: As of FY2026 Q2, the actual value is USD 12.84 M.

InvenTrust Properties Corp. reported its financial and operating results for the quarter and six months ended June 30, 2026, and updated its 2026 guidance.

Net Income

Net Income for the three months ended June 30, 2026, was $1.4 million, a decrease from $95.9 million for the same period in 2025. For the six months ended June 30, 2026, Net Income was $6.6 million, a decrease from $102.7 million for the same period in 2025.

Nareit FFO

Nareit FFO for the three months ended June 30, 2026, was $39.8 million, an increase from $35.5 million for the same period in 2025. For the six months ended June 30, 2026, Nareit FFO was $81.1 million, an increase from $72.6 million for the same period in 2025.

Core FFO

Core FFO for the three months ended June 30, 2026, was $38.1 million, an increase from $34.3 million for the same period in 2025. For the six months ended June 30, 2026, Core FFO was $76.9 million, an increase from $70.6 million for the same period in 2025.

Same Property NOI

Same Property NOI for the three months ended June 30, 2026, was $48.5 million, representing a 4.1% increase compared to the same period in 2025. For the six months ended June 30, 2026, Same Property NOI was $97.2 million, representing a 3.3% increase compared to the same period in 2025.

Lease Income

Total income from lease income, net, for the three months ended June 30, 2026, was $82.343 million, compared to $73.130 million in the prior year. For the six months ended June 30, 2026, total income from lease income, net, was $164.453 million, compared to $146.519 million in the prior year.

Operating Expenses

Total operating expenses for the three months ended June 30, 2026, were $70.162 million, up from $61.114 million in the prior year. For the six months ended June 30, 2026, total operating expenses were $137.789 million, up from $120.378 million in the prior year.

Interest Expense, net

Interest expense, net, for the three months ended June 30, 2026, was - $11.328 million, compared to - $8.346 million in the prior year. For the six months ended June 30, 2026, interest expense, net, was - $21.413 million, compared to - $16.668 million in the prior year.

Gain on Sale of Investment Properties

There was no gain on sale of investment properties for the three or six months ended June 30, 2026, compared to gains of $90.909 million for both periods in 2025.

Total Assets and Liabilities

Total assets as of June 30, 2026, were $3,034.455 million, an increase from $2,788.647 million as of December 31, 2025. Total liabilities as of June 30, 2026, were $1,268.773 million, an increase from $994.385 million as of December 31, 2025. Total stockholders’ equity as of June 30, 2026, was $1,765.682 million, a decrease from $1,794.262 million as of December 31, 2025.

Debt and Liquidity

Debt, net, was $1,094.796 million as of June 30, 2026, compared to $825.881 million as of December 31, 2025. Cash, cash equivalents, and restricted cash were $74.904 million as of June 30, 2026, up from $40.518 million as of December 31, 2025. InvenTrust Properties Corp. had $489.3 million of total liquidity as of June 30, 2026, comprising $64.3 million of cash and cash equivalents and $425.0 million of availability under its Revolving Credit Facility. The company completed a private placement of $250.0 million in senior notes on June 29, 2026. The company has no debt maturing in 2026 and $26.0 million of debt maturing in 2027. The weighted average interest rate on its debt as of June 30, 2026, was 4.36%, with a weighted average remaining term of 4.3 years.

Net Debt and Adjusted EBITDA

Net Debt was $1,030.494 million as of June 30, 2026, compared to $790.908 million as of December 31, 2025. Adjusted EBITDA for the three months ended June 30, 2026, was $48.7 million, up from $42.2 million in the prior year, and for the six months, it was $96.8 million, compared to $86.2 million in 2025. Trailing 12 Months Adjusted EBITDA was $185.798 million as of June 30, 2026, compared to $175.201 million as of December 31, 2025. Net Debt-to-Adjusted EBITDA was 5.5x on a trailing 12-month basis as of June 30, 2026, up from 4.5x as of December 31, 2025.

Portfolio Performance

Leased Occupancy was 96.2% as of June 30, 2026, with Anchor Leased Occupancy at 98.1% and Small Shop Leased Occupancy at 93.2%. Blended re-leasing spreads for comparable new and renewal leases signed in the second quarter were 8.5%. Annualized Base Rent (ABR) per square foot was $20.94 as of June 30, 2026, a 3.8% increase compared to the same period in 2025.

Investment Activity

During the second quarter of 2026, InvenTrust Properties Corp. acquired three properties totaling approximately 286,000 square feet for an aggregate purchase price of $132.6 million. These acquisitions included 3609 South in Charlotte, NC ($16.6 million), Sweetgrass Corner in Charleston, SC ($51.0 million), and Western Plaza in Knoxville, TN ($65.0 million). Subsequent to the quarter end, on July 1, 2026, the company acquired New Garden Crossing in Greensboro, NC, for $34.0 million.

Capital Investments and Leasing Costs

Total capital expenditures and leasing costs for the three months ended June 30, 2026, were $6.0 million, and $9.0 million for the six months ended June 30, 2026. Capital investments and leasing costs, including development and redevelopment direct and indirect costs, totaled $7.9 million for the three months and $14.0 million for the six months ended June 30, 2026.

Dividend

For the quarter ended June 30, 2026, InvenTrust Properties Corp.’s Board of Directors declared a quarterly cash distribution of $0.25 per share, paid on July 15, 2026, representing 51.1% of Core FFO for the quarter.

2026 Guidance

InvenTrust Properties Corp. updated its 2026 guidance, projecting Net Income per diluted share between $0.12 and $0.18, Nareit FFO per diluted share between $2.01 and $2.07, and Core FFO per diluted share between $1.92 and $1.96. The company anticipates Same Property NOI Growth between 3.25% and 4.25%, with estimated net interest expense of approximately $45.0 million and net investment activity projected at approximately $300.0 million.