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Earnings Call Summary | InvenTrust Properties(IVT.US) Q4 2023 Earnings Conference

Earnings Call Summary | InvenTrust Properties(IVT.US) Q4 2023 Earnings Conference

财报电话会议摘要 | Inventrust Properties (IVT.US) 2023 年第四季度财报发布会
moomoo AI ·  02/14 17:36  · 电话会议

The following is a summary of the InvenTrust Properties Corp. (IVT) Q4 2023 Earnings Call Transcript:

以下是InvenTrust Properties Corp.(IVT)2023年第四季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • InvenTrust ended 2023 with Q4 NAREIT FFO of $30.8M or $0.45 per share, with full-year FFO at $115.5M or $1.70 per share, driven largely by NOI growth and acquisition.

  • The company reported same-property NOI growth of 6.4% QoQ, with full-year same-property NOI growth at 4.9%.

  • In Q4 2023, the company declared a dividend of $0.215 per share. From April 2024, the dividend will increase by 5% to an annualized rate of $0.905 per share.

  • The business decreased variable rate debt exposure to 9% by paying off $20M of debt and raised $5.4M through share issues.

  • InvenTrust posted blended comparable lease spreads of 13.9% for the quarter, with new leases and renewals achieving 34% and 8% respectively.

  • 截至2023年,InvenTrust的第四季度NAREIT FFO为3,080万美元或每股0.45美元,全年FFO为1.155亿美元,合每股1.70美元,这主要是由NOI的增长和收购推动的。

  • 该公司报告称,同地产净资产净值环比增长6.4%,全年同期NOI增长4.9%。

  • 2023年第四季度,该公司宣布派发每股0.215美元的股息。从2024年4月起,股息将增加5%,年化利率为每股0.905美元。

  • 该业务通过偿还2000万美元的债务将浮动利率债务敞口减少至9%,并通过股票发行筹集了540万美元。

  • InvenTrust公布的本季度混合可比租赁利差为13.9%,新租约和续约分别达到34%和8%。

Business Progress:

业务进展:

  • Leasing activity remained strong in 2023, with the most deals executed in Q4 since 2019.

  • Occupancy rates reached all-time highs of over 96%, due in part to strong performance by small shop tenants, whose occupancy rates peaked at 92.5%.

  • The company's predictions for 2024 suggest ongoing business trends will offset possible impacts from retail bankruptcies.

  • Expansion into Phoenix MSA began with the acquisition of a grocery-anchored center in Chandler, Arizona.

  • In Q4 2023, 86 leases were signed, including two with PGA Superstore and Nordstrom Rack. In the forthcoming year, the company plans to lease the remaining anchor spaces in their portfolio.

  • 租赁活动在2023年保持强劲,自2019年以来第四季度执行的交易最多。

  • 入住率达到历史新高,超过96%,部分原因是小商店租户的强劲表现,其入住率达到92.5%的峰值。

  • 该公司对2024年的预测表明,持续的业务趋势将抵消零售破产可能产生的影响。

  • 向菲尼克斯MSA的扩张始于收购位于亚利桑那州钱德勒的杂货中心。

  • 2023年第四季度签署了86份租约,其中包括与PGA Superstore和Nordstrom Rack签订的两份租约。来年,该公司计划租赁其投资组合中剩余的锚定空间。

更多详情: InvenTrust 地产

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