InvenTrust Properties Declares Quarterly Dividend
InvenTrust Properties (IVT) has declared a quarterly dividend of $0.25 per share, consistent with its previous payout. The forward yield is projected at 3.2%. Shareholders of record as of September 30 will receive the payment on October 15, and the ex-dividend date is also set for September 30. The company reaffirmed a same-property NOI growth range of 3.25% to 4.25%, while raising its NAREIT FFO guidance to between $2.01 and $2.07 per share. InvenTrust Properties reported second-quarter results in line with expectations, including an FFO of $0.50 per share and revenue of $82.83 million, which exceeded estimates by $0.35 million. The REIT is also expanding its presence in Charleston, Greensboro, and Knoxville as part of ongoing growth initiatives.
Tickers: $IVT
Topics: dividends earnings report real estate investment trusts (REITs)