InvenTrust Properties Corp. (IVT) is a publicly traded real estate investment trust (REIT) specializing in the ownership, leasing, redevelopment, acquisition, and management of grocery-anchored neighborhood and community centers, as well as high-quality power centers. Headquartered in Downers Grove, Illinois, IVT focuses on properties located in Sun Belt markets, emphasizing essential retail tenants that provide consumers with everyday needs. The company's mission is to deliver value to its stakeholders through strategic property management and development, while its vision centers on enhancing community engagement and fostering sustainable growth.
IVT's strategic focus is on maintaining a diversified portfolio of essential retail properties in high-growth Sun Belt regions. The company specializes in grocery-anchored centers, ensuring a stable tenant base that meets daily consumer needs. By targeting markets with favorable demographics and economic indicators, IVT aims to capitalize on population growth and increased consumer spending. The company employs advanced property management technologies and data analytics to optimize operations and tenant satisfaction.
As of July 8, 2025, IVT's stock price was $26.70, with a market capitalization of approximately $2.1 billion. The company reported a revenue of $294.56 million over the trailing twelve months, with a net income of $6.75 million. The profit margin stood at 2.29%, and the return on assets was 1.72%. IVT maintains a total cash reserve of $213.45 million and a total debt-to-equity ratio of 42.34%. In September 2024, the company raised $224 million in funding, aimed at expanding its property portfolio and enhancing existing assets.
IVT's portfolio comprises 62 retail properties totaling 10.3 million square feet, with 86% of the annual base rent derived from grocery-anchored centers. The company continues to seek opportunities for growth through strategic acquisitions and redevelopment projects. In February 2022, IVT acquired two premier assets in Austin, Texas—The Shops at Arbor Trails and Escarpment Village—for $189.3 million, further strengthening its presence in high-growth markets.
IVT leverages advanced property management systems and data analytics to enhance operational efficiency and tenant satisfaction. The company has implemented energy management systems, upgraded common area lighting to LED, and installed water-efficient landscaping systems across its properties. These initiatives align with IVT's commitment to sustainability and environmental responsibility.
The leadership team at IVT comprises experienced professionals with extensive backgrounds in real estate and finance:
- Daniel J. (DJ) Busch, President and Chief Executive Officer: Appointed CEO in August 2021 and President in February 2021, Mr. Busch joined IVT in September 2019 as Executive Vice President, Chief Financial Officer, and Treasurer. Prior to IVT, he served as Managing Director, Retail at Green Street Advisors.
- Michael D. Phillips, Chief Financial Officer: Mr. Phillips brings extensive financial expertise to IVT, overseeing the company's financial strategy and operations.
- David Heimberger, Chief Investment Officer: Mr. Heimberger leads IVT's investment strategy, focusing on acquisitions and portfolio management to drive growth.
In February 2025, IVT appointed Julie M. Swinehart to its Board of Directors. Ms. Swinehart serves as the Executive Vice President and Chief Financial Officer of Fenway Sports Group and previously held the position of Executive Vice President, Chief Financial Officer, and Treasurer at Retail Properties of America, Inc.
The retail REIT sector is highly competitive, with several key players:
- Cedar Realty Trust (CDR): Founded in 1984 and headquartered in Massapequa, New York, CDR operates in the real estate investment trusts (REITs) industry.
- SITE Centers Corp.: Established in 1965 and based in Beachwood, Ohio, SITE Centers focuses on shopping centers and retail properties in the U.S.
- Kimco Realty Corp.: Founded in 1958 in New York, New York, Kimco Realty specializes in shopping centers and retail properties, competing in the same sector as IVT.
IVT has established strategic partnerships with over 50 major retailers, including national chains such as Target and Walmart. These collaborations enhance the company's market presence and tenant diversity. The company continues to seek opportunities for growth through strategic acquisitions and redevelopment projects.
IVT's strategic focus on essential retail properties in high-growth Sun Belt markets positions the company to capitalize on favorable demographic trends and economic indicators. By maintaining a diversified portfolio and leveraging advanced property management technologies, IVT aims to deliver sustained value to its stakeholders.
