InvenTrust Properties Corp. reported its financial results for the quarter ended September 30, 2026, in a Form 8-K filed on October 27, 2026. The company reported Net Income of $19.4 million, or $0.25 per diluted share, for the third quarter of 2026, compared to $6.0 million, or $0.08 per diluted share, in the prior year period. For the nine months ended September 30, 2026, Net Income totaled $26.0 million, or $0.33 per diluted share, a decrease from $108.8 million, or $1.39 per diluted share, in the same period in 2025.
Regarding non-GAAP measures, the company reported Nareit FFO of $41.5 million, or $0.53 per diluted share, for the third quarter of 2026, compared to $38.4 million, or $0.49 per diluted share, in the prior year. Core FFO for the same period was $39.0 million, or $0.50 per diluted share, compared to $36.7 million, or $0.47 per diluted share, in 2025. For the nine months ended September 30, 2026, Nareit FFO was $122.6 million, or $1.56 per diluted share, and Core FFO was $115.9 million, or $1.47 per diluted share.
In terms of portfolio performance, Same Property Net Operating Income (NOI) grew by 3.1% for the third quarter of 2026 compared to the prior year. Leased Occupancy stood at 96.4% as of September 30, 2026, with Anchor Leased Occupancy at 98.4% and Small Shop Leased Occupancy at 93.2%. The company executed 86 leases totaling approximately 549,000 square feet of gross leasable area (GLA), with a blended comparable lease spread of 14.2%. Annualized Base Rent per square foot was $20.97 as of September 30, 2026.
Investment activity included the acquisition of New Garden Crossing, a 169,000 square foot community center anchored by Lowes Foods in Greensboro, North Carolina, for a gross acquisition price of $34.0 million. The company declared a quarterly cash distribution of $0.25 per share, payable on October 15, 2026.
InvenTrust updated its 2026 guidance, projecting Net Income per diluted share between $0.31 and $0.33, Nareit FFO per diluted share between $2.05 and $2.07, and Core FFO per diluted share between $1.94 and $1.96. The company reported total liquidity of $509.5 million as of September 30, 2026, consisting of $29.5 million in cash and $480.0 million available under its Revolving Credit Facility. The weighted average interest rate on its debt was 4.70% as of September 30, 2026.
