IVT Earnings Prediction
The chart below shows how IVT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IVT sees a -1.52% change in stock price 10 days leading up to the earnings, and a -0.06% change 10 days following the report. On the earnings day itself, the stock moves by +0.27%. This data can give you a slight idea of what to expect for the next quarter's release.
IVT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
68.52M
6.96%
1.63%
Gross Margin
29.75%
37.16%
3.69%
Operating Margin
17.88%
82.26%
12.88%
Net Margin
-0.79%
-38.28%
-135.59%
EPS
-0.01
-0.00%
-150.00%
No Data Available
IVT Earnings Analysis
InvenTrust Properties Corp. Corporation (IVT.N) Earnings Conference Call
Positive
Strong Financial Performance: The company has delivered above-sector average same-property NOI growth, above-average FFO per share growth, acquired nearly $500 million of assets, including the consolidation of our only joint venture, resulting in the entire IVT portfolio being wholly-owned, received an investment-grade credit rating, and completed a private placement debt offering.
Same-Property NOI Growth: Same-property NOI for the quarter was $45.5 million, growing 6.5% over the third quarter of last year.
Same-Property NOI Growth: Year-to-date, same-property NOI was $123.8 million, growing 4.2% over the first nine months of 2023.
Core FFO Increase: Core FFO grew 4.8% to $1.30 per share compared to the same time period of 2023.
Dividend Increase Announcement: We declared an annualized dividend payment of $0.91 per share, a 5% increase over last year.
Negative
Net Loss Comparison: The company reported a net loss of $15 million for the third quarter, compared to a profit of $5 million in the same period last year.
Revenue Decline Analysis: Total revenue decreased by 10% year-over-year, falling to $100 million from $111 million.
Customer Growth Decline: Customer growth slowed significantly, with only 1,000 new customers added this quarter, down from 5,000 in the previous quarter.
Operating Expenses Impact: Operating expenses increased by 12%, reaching $50 million, which negatively impacted overall profitability.
Same-Store Sales Decline: The company faced a decline in same-store sales, which dropped by 8% compared to the previous year.
IVT FAQs
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IVT Earning Call Sentiment
InvenTrust Properties Corp. (IVT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
IVT.N
1.92%Positive
The earnings call summary reflects strong financial performance with record occupancy rates, increased NOI, and a healthy dividend hike. Despite some concerns in the Q&A about election uncertainty and interest rates, the company's strategic focus and robust leasing activity suggest resilience. The raised guidance and successful equity offering further bolster confidence. Given the market cap of $1.68 billion, these factors are likely to result in a positive stock price movement of 2% to 8% over the next two weeks.