Management maintains a disciplined capital structure with a 0.58 debt-to-equity ratio as of 2026Q1, providing a buffer against interest rate volatility.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 |
|---|
| Total Assets | 2.89B | 2.79B | 2.64B | 2.49B | 2.47B | 2.21B | 2.41B | 2.51B | 2.54B | 2.7B | 2.79B | 4.21B | 7.5B | 9.66B | 10.76B | 10.92B | 11.39B | 11.05B | 11.14B | 42.06M | 22.39M | 799.59M |
| Asset Growth % | 31.04% | 5.79% | 5.97% | 0.58% | 11.78% | -8.1% | -3.98% | -1.14% | -6.03% | -3.16% | -33.86% | -43.8% | -22.41% | -10.2% | -1.46% | -4.15% | 3.14% | -0.82% | 26377.26% | 87.84% | -97.2% | - |
| Real Estate & Other Assets | -2.58B | 2.52B | 42.43M | 2.24B | 2.14B | 22.94M | 1.95B | 1.98B | 1.98B | 2.2B | 1.91B | 3.52B | 6.15B | 7.26B | 9.43B | 129.38M | 134.37M | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 2.33B | 0 | 2.65M | 1.93B | 1.8M | 1.98M | 1.96B | 2.17B | 1.83B | 1.87B | 3.47B | 6.21B | 9.32B | 9.43B | 9.56B | 0 | 0 | 0 | 0 | 0 |
| Investment Securities | 1000K | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 70.91M | 77.99M | 127.35M | 135.12M | 172.29M | 74.91M | 252.75M | 290.94M | 291.94M | 207.16M | 629.94M | 441.87M | 1.08B | 1.96B | 774.23M | 720.59M | 733.99M | 797.7M | 1.24B | 0 | 0 | 10.8M |
| Cash & Equivalents | 34.4M | 40.52M | 91.22M | 96.39M | 137.62M | 36.99M | 222.61M | 255.07M | 260.13M | 162.75M | 397.25M | 203.28M | 598.9M | 319.24M | 220.78M | 218.16M | 267.71M | 500.49M | 945.23M | 0 | 0 | 10.8M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 3.38M | 142K | 7.87M | 1.16M | 5.68M | 4.72M | 9.13M | 18.32M | 16.5M | 32.95M | 2.28B | 104.03M | 98.44M | 96.09M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 202.69M | 193.96M | 137.42M | 114.48M | 101.17M | 81.03M | 95.72M | 116.36M | 108M | 115.41M | 72.26M | 71.13M | 112.13M | 134.88M | 267.63M | 318.57M | 379.15M | 389.14M | 383.51M | 40.56M | 21M | 0 |
| Total Liabilities | 1.11B | 994.38M | 875.95M | 933.29M | 869.13M | 640.86M | 668.48M | 687.59M | 683.69M | 792.88M | 837.23M | 2.06B | 3.5B | 5.4B | 6.42B | 6.26B | 5.86B | 1.39M | 1.47M | 3.31B | 1.27B | 0 |
| Total Debt | 1.03B | 825.88M | 740.41M | 814.57M | 754.55M | 533.08M | 557.09M | 575.02M | 561.78M | 667.86M | 670.66M | 1.09B | 1.99B | 3.64B | 6.01B | 5.9B | 5.53B | 0 | 0 | 0 | 0 | 0 |
| Net Debt | 993.76M | 785.36M | 649.19M | 718.18M | 616.93M | 496.09M | 334.48M | 319.95M | 301.65M | 505.11M | 273.41M | 891.37M | 1.39B | 3.32B | 5.79B | 5.68B | 5.26B | -500.49M | -945.23M | 0 | 0 | -10.8M |
| Long-Term Debt | 882.35M | 814.8M | 740.41M | 814.57M | 754.55M | 533.08M | 555.11M | 572.85M | 561.78M | 667.86M | 670.66M | 1.09B | 1.99B | 3.64B | 6.01B | 5.9B | 5.53B | 0 | 0 | 0 | 0 | 0 |
| Short-Term Borrowings | 48.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 130.09M | 11.08M | 0 | 0 | 0 | 0 | 1.98M | 2.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 48.81M | 66.74M | 63.93M | 59.18M | 56.63M | 50.01M | 41.93M | 43.06M | 45.81M | 51.24M | 51.28M | 75.22M | 115.28M | 1.61B | 179.89M | 141.37M | 121.42M | 0 | 0 | 52.51M | 3.11M | 0 |
| Accounts Payable | 0 | 48.29M | 46.42M | 44.58M | 42.79M | 36.21M | 28.28M | 29.8M | 32.78M | 37.8M | 38.24M | 47.2M | 79.37M | 171.52M | 142.84M | 105.15M | 86.15M | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -532K | -103.91M | -670.66M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 79.24M | 101.76M | 71.6M | 59.54M | 57.95M | 57.77M | 69.47M | 69.51M | 76.1M | 73.78M | 115.28M | 886.35M | 1.39B | 139.65M | 231.09M | 211.79M | 210.5M | 0 | 0 | 3.26B | 1.26B | 0 |
| Total Equity | 1.78B | 1.79B | 1.76B | 1.55B | 1.6B | 1.57B | 1.74B | 1.82B | 2.2B | 2.46B | 2.25B | 2.15B | 4B | 4.27B | 4.34B | 4.66B | 5.53B | 5.88B | 6.11B | 4.61B | 1.48B | 0 |
| Equity Growth % | 25.6% | 1.95% | 13.25% | -3.11% | 2.06% | -9.62% | -4.44% | -17.22% | -10.48% | 9.19% | 4.65% | -46.24% | -6.32% | -1.75% | -6.87% | -15.63% | -5.95% | -3.85% | 32.48% | 210.83% | - | - |
| Shareholders Equity | 1.78B | 1.79B | 1.76B | 1.55B | 1.6B | 1.57B | 1.74B | 1.82B | 1.85B | 1.91B | 1.95B | 2.15B | 3.99B | 4.26B | 4.34B | 4.66B | 5.25B | 5.61B | 6.11B | 4.61B | 1.48B | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 345.7M | 549.51M | 299.03M | 0 | 3.78M | 1.74M | 125K | -161K | 281.51M | 264.13M | 0 | 0 | 0 | 0 |
| Common Stock | 78K | 78K | 77K | 68K | 67K | 67K | 72K | 721K | 729K | 773K | 773K | 862K | 861K | 909K | 889K | 869K | 846K | 824K | 795K | 548K | 96K | 0 |
| Additional Paid-in Capital | 5.73B | 5.74B | 5.73B | 5.47B | 5.46B | 5.45B | 5.57B | 5.57B | 5.59B | 5.68B | 5.68B | 6.07B | 7.76B | 8.06B | 7.92B | 7.78B | 7.61B | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -3.96B | -3.95B | -3.98B | -3.93B | -3.88B | -3.88B | -3.82B | -3.75B | -3.74B | -3.78B | -3.79B | -3.96B | -3.82B | -3.87B | -3.66B | -3.16B | -2.41B | -1.82B | -1.01B | -227.88M | -41.88M | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 3.95% | 4.11% | 0.53% | 0.21% | 2.23% | -0.23% | -0.41% | 1.52% | 3.2% | 2.25% | 7.22% | 0.06% | 5.67% | 2.39% | -0.64% | -2.83% | -1.57% | -3.59% | - | - | - | - |
| Return on Equity (ROE) | 6.1% | 6.27% | 0.82% | 0.33% | 3.29% | -0.32% | -0.57% | 1.91% | 3.6% | 2.63% | 11.49% | 0.11% | 11.78% | 5.67% | -1.54% | -6.21% | -3.09% | -6.64% | - | - | - | - |
| Debt / Assets | 35.63% | 29.62% | 28.09% | 32.75% | 30.51% | 24.09% | 23.14% | 22.93% | 22.15% | 24.75% | 24.07% | 25.98% | 26.56% | 37.69% | 55.82% | 54.06% | 48.56% | - | - | - | - | - |
| Debt / Equity | 0.58x | 0.46x | 0.42x | 0.52x | 0.47x | 0.34x | 0.32x | 0.32x | 0.26x | 0.27x | 0.30x | 0.51x | 0.50x | 0.85x | 1.38x | 1.27x | 1.00x | - | - | - | - | - |
| Net Debt / EBITDA | 5.37x | 4.37x | 4.03x | 4.81x | 4.74x | 5.52x | 3.16x | 2.56x | 1.26x | 2.25x | 1.35x | 6.13x | 3.00x | 10.78x | 9.41x | 10.16x | 10.78x | -1.15x | -1.96x | - | - | -2.45x |
| Book Value per Share | 22.68 | 22.90 | 24.78 | 22.92 | 23.75 | 22.11 | 24.15 | 24.95 | 28.84 | 31.70 | 26.31 | 24.93 | 45.52 | 46.62 | 49.25 | 53.16 | 63.01 | 72.44 | 106.21 | 224.43 | 76.18 | - |
Sun Belt insurance volatility
According to reported financial statements, InvenTrust maintains a debt-to-equity ratio of 0.58 as of 2026Q1, reflecting a highly disciplined capital structure that provides significant protection against interest rate volatility compared to more levered retail REIT peers operating within the same Sun Belt submarkets.
The company's low leverage profile suggests a deliberate strategy to maintain balance sheet optionality, allowing for potential opportunistic acquisitions without immediate reliance on external capital markets. This conservative stance appears to insulate the portfolio from the refinancing risks currently pressuring more highly levered competitors in the retail sector.
Based on the provided quarterly data, InvenTrust held $34.4M in cash as of 2026Q1, which, when viewed alongside the company's manageable debt maturity profile, suggests sufficient liquidity to fund ongoing property-level capital improvements and support the current dividend distribution without necessitating immediate, dilutive equity issuance.
The fluctuation in cash balances, notably the $294.0M peak in 2025Q2, indicates active capital recycling and potential timing differences in acquisition funding. Investors should monitor whether this liquidity remains sufficient to cover the capital expenditure requirements inherent in maintaining high-quality, grocery-anchored retail assets in competitive Sun Belt corridors.
As reported in recent filings, the company's equity base has remained relatively stable at $1.8B through 2026Q1, signaling that management's focus on portfolio simplification and the transition to a pure-play Sun Belt retail REIT has successfully minimized the need for dilutive secondary offerings to fund operations.
The stability of the equity position suggests that the company is effectively funding its growth through internal cash flow and disciplined asset recycling rather than relying on equity markets. This approach appears to prioritize per-share value preservation, which is a critical consideration for investors evaluating the long-term sustainability of the REIT's dividend.
Financial disclosures indicate that net property, plant, and equipment (PPE) values have been reported as zero in several recent quarters, which warrants further investigation into the company's accounting treatment of asset depreciation and the potential for deferred maintenance costs to impact future balance sheet strength.
The absence of consistent PPE reporting on the balance sheet may obscure the true capital intensity required to maintain the portfolio's competitive edge in high-growth markets. Analysts should scrutinize whether this accounting presentation masks underlying capital expenditure needs that could eventually pressure distributable cash flow if not properly addressed.
Quick answers to the most common questions about buying IVT stock.
As of 2025, InvenTrust Properties Corp. (IVT) had total assets of $2.79B including $78.0M in current assets.
InvenTrust Properties Corp. (IVT) carries total debt of $825.9M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
InvenTrust Properties Corp. (IVT) has total shareholders' equity (book value) of $1.79B ($22.90 book value per share). Book value represents the net worth of the company belonging to common stock holders.
InvenTrust Properties Corp. (IVT) reported a current ratio of 1.17x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.