IVT InvenTrust Properties Corp.

Overview and Growth

In fiscal 2025, InvenTrust Properties Corp. recorded $299.17M of revenue, net income of $111.42M, and an operating cash inflow of $155.42M. At $299.17M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $273.97M in fiscal 2024, revenue recorded a 9.2% year-over-year increase. The company reported diluted EPS of $1.42, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 647.4% increase from fiscal 2024 diluted EPS of $0.19. Diluted shares averaged 78.34M; this is the reported share base over which the company’s diluted per-share earnings were spread. Compared with 71.01M diluted shares in fiscal 2024, the current 78.34M base was 10.3% higher. Total assets stood at $2.79B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Asset turnover was 0.11x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Operations produced $60.02M of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 20.1% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all reported below-operating-line items, the company recorded net income of $111.42M for the fiscal year. Measured against reported revenue, net income produced a 37.2% margin after operating costs and the remaining recognized items. EBITDA was $188.51M, adding a pre-interest, tax, depreciation, and amortization view of the company’s earnings capacity. Income tax expense totaled $568.00K, providing the reported tax component that separates pretax and after-tax earnings. Return on period-end equity was 6.2%, relating annual net income to the equity capital on the balance sheet. Return on period-end assets was 4.0%, connecting net income with the company’s total asset base. Current net income of $111.42M was above fiscal 2024 net income of $13.66M, showing the direction of the bottom-line change.

Liquidity and Capital Structure

The company held $2.79B of assets against $994.38M of liabilities and $1.79B of equity, revealing how the asset base was financed. Reported cash and equivalents were $40.52M, separating immediately recognizable cash resources from the rest of the current-asset base. Borrowings totaled $822.61M, adding a fixed financing obligation alongside the company’s equity capital. Against book equity, debt measured 0.46x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 29.5%, showing how much of the asset base was matched by borrowing. Equity equaled 64.3% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 35.7%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 1.5% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 5.8% from $2.64B in fiscal 2024, leaving current total assets higher year over year. Book equity was 1.9% higher than fiscal 2024 equity of $1.76B, showing how shareholder capital changed year over year. The reported cash balance changed 55.6% from $91.22M in fiscal 2024, ending lower year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $155.42M, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 1.39x of net income, showing how strongly accounting earnings converted into cash from operations. Compared with $136.88M in fiscal 2024, current operating cash flow of $155.42M was above the prior result.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.