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At A Glance

REIT Name: InvenTrust Properties Corp

IPO Date: August 2005

Total Equity Raised: $8.5 billion

Property Focus: Diversified

Total Properties: 89

Self-Managed: Yes

Share Redemption Plan: Suspended

Website: www .inventrustproperties.com

Balance Sheet (as of 12/31/16) (in thousands except share data)

Total Assets $2,786,754

Total Liabilities $837,226

Shareholders' Equity $1,949,528

Shares Outstanding 773,304,997

Operating Data (01/01/16 through 12/31/16)

Total Revenues $263,871

Total Expenses $298,452

Net Income (Loss) $252,722

Net Income (Loss) Per Share $0.29

Cash Provided by Operations $120,351

Dividends Declared $83,633

Dividends Per Share $0.09875

Funds From Operations (FFO) $145,188

FFO Per Share $0.170

Summary

InvenTrust Properties Corp. (f/k/a Inland American Real Estate Trust). 

Launched IPO for up to $5 billion of common stock in August 2005 and raised approximately $4.8 billion in this offering. Began second public offering on August 1, 2007, and closed this offering on April 6, 2009, with approximately $8.3 billion raised in both offerings. As of December 31, 2016, wholly owns 71 multi-tenant retail properties comprising 12.2 million square feet of retail space and one non-core property. Also owns a 55% interest in a joint venture that owns 15 retail properties comprised of 2,977,768sf. All properties located in U.S. As of December 31, average occupancy of 86 retail properties was 93%. Total borrowings were 26% of total assets at end of December. FPO per share for 2016 was $0.170, down 41 % from $0.287 for 2015. Dividends-to-FPO ratio for 2016 was 58%. MFPO per share for 2016 was $0.192, down 35% from $0.296 For 2015. Dividends-to-MFPO ratio for 2016 was 51 %. Lower cash flow is due to asset dispositions in 2016. Sameproperty NOI unchanged from 2015 to 2016 for wholly-owned properties. Purchased eight retail properties in 2016 for $465 million, consistent with plan to become a pure-play multi-tenant retail REIT. Approximately 9.4%, 13.0% and 15.6% of leases expire in 2017, 2018 and 2019, respectively, for wholly-owned properties based on annualized base rents. Purchased three more retail properties in first quarter of 2017 for $290 million. Repurchased $240 million of shares in 2016 through a "Dutch Auction" tender offer that closed in December. Raised annual dividend rate from $0.0675 to $0.0695 in March 2017.


Data referenced from the Direct Investments Spectrum
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