InvenTrust Properties had a successful 2025, with same-property NOI up 5.3% and core FFO hitting $1.89 per share, a 6.2% increase. The company focused on Sun Belt repositioning and acquisitions, selling California assets and acquiring 10 properties for over $460M. The 2026 outlook includes same-property NOI growth of 3.25–4.25% and core FFO of $1.91–1.95. President and CEO DJ Busch highlighted strong performance, while CFO Mike Phillips detailed the drivers of NOI growth. InvenTrust ended the year with $480M liquidity and raised the dividend by 5%. Chief Operating Officer Christy David discussed steady leasing and acquisitions.

In terms of acquisitions, InvenTrust acquired 10 properties in 2025, including two in Q4 totaling $109M. The company remains focused on open-air retail, particularly grocery-anchored centers, in competitive markets. Leasing in 2025 was strong, with new leases achieving a 30.9% spread, renewals averaging 10.9%, and total leased occupancy hitting 96.7% by year-end. InvenTrust’s 2026 plan includes $300M of net acquisition activity, with a strategy focused on balance sheet capacity and discipline in investment decisions.

Overall, InvenTrust Properties Corp had a solid 2025, with continued growth and acquisitions. The company remains focused on strategic repositioning in Sun Belt markets and maintaining a strong balance sheet. The 2026 outlook includes steady growth in same-property NOI and core FFO, along with disciplined investment and leasing strategies. Interest-rate headwinds from term loan swaps were noted, with plans to manage leverage below 5.5x net debt/EBITDA.

Read more at Yahoo Finance: InvenTrust Properties Q4 Earnings Call Highlights