InvenTrust Properties
InvenTrust Properties Corp. is a publicly traded Sun Belt-focused retail REIT that owns and manages 75 grocery-anchored shopping centers totaling 12 million square feet, primarily anchored by H-E-B, Whole Foods, Publix, and Kroger across high-growth U.S. Sun Belt markets.
- Company typePublic
- Founded2012
- HeadquartersDowners Grove, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What InvenTrust Properties does
InvenTrust Properties Corp. is a publicly traded retail REIT (NYSE: IVT) that owns, leases, redevelops, acquires, and manages a portfolio of grocery-anchored multi-tenant shopping centers concentrated in Sun Belt markets. Established in 2012 as a spin-off from Inland American Real Estate Trust and listed on the NYSE in October 2021, the company operates 75 retail properties totaling approximately 12 million square feet of gross leasable area (GLA), with 97% of the portfolio located in Sun Belt markets and 89% grocery-anchored at an average center size of 160K square feet. Major anchor tenants include H-E-B, Whole Foods Market, Publix, and Kroger, providing internet-resistant, necessity-based retail exposure. The company maintains regional offices across its target markets including Houston, Atlanta, Raleigh, Austin, Dallas, and West Palm Beach, with corporate headquarters in Downers Grove, Illinois.
The company's core product is physical retail real estate — neighborhood and community centers as well as power centers — supported by short-term and specialty leasing for pop-up retail, redevelopment services to enhance asset value, and an all-cash acquisition platform targeting grocery-anchored centers valued at greater than $15 million. Tenant-facing technology includes a property search portal, an online tenant portal for maintenance requests and sales reporting, and VersaPay-powered online bill payment, plus Wufoo-powered short-term lease inquiry forms. The company also participates in the Sytes tenant demand-driven commercial real estate marketplace, launched nationally in February 2026, which surfaces tenant expansion intent. Technology initiatives include ongoing exploration of AI to enhance operational efficiency and revenue opportunities, though no deployed AI products were disclosed.
The business model is rental income from retail tenants, with annual base rent (ABR) of $20.63 per square foot and portfolio leased percentage of 96.4% as of the most recent reporting period. Full-year 2025 revenue was $299.17 million, producing net income of $111.42 million and NAREIT FFO of $1.89 per diluted share (up 6.2% year-over-year). Same-property NOI grew 5.3%, the second consecutive year above 5%. The company carries a Net Debt-to-Adjusted EBITDA ratio of 5.2x and holds an investment-grade credit rating from Fitch Ratings (received April 2022). Capital structure has been supplemented by a $224 million follow-on equity offering in September 2024 and a $250 million senior unsecured notes private placement in April 2026 at a weighted-average fixed rate of 5.44%.
InvenTrust Properties firmographics
Firmographics- Name
- InvenTrust Properties
- Legal name
- InvenTrust Properties Corp.
- Website
- https://inventrustproperties.com
- Company type
- Public
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- InvenTrust Properties Corp. is a publicly traded Sun Belt-focused retail REIT that owns and manages 75 grocery-anchored shopping centers totaling 12 million square feet, primarily anchored by H-E-B, Whole Foods, Publix, and Kroger across high-growth U.S. Sun Belt markets.
- Ownership category
- akta.pro rank
InvenTrust Properties industry classification
Industry- Product category
- Retail REIT (Shopping Center Real Estate)
- NAICS
- Building Material and Garden Equipment and Supplies Dealers (444), Home Centers (444110), Hardware Retailers (44414)
- SIC
- Retail-Lumber & Other Building Materials Dealers (5211), Retail-Auto & Home Supply Stores (5531)
- akta.pro primary industry
- General Home Improvement & Hardware Stores (CRAIADAA)
- akta.pro secondary industry
- Lawn & Garden Equipment Retail (Mowers, Trimmers, Blowers) (CRAIAIAA)
Keywords
Where InvenTrust Properties is headquartered
LocationHeadquarters
- HQ city
- Downers Grove
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
InvenTrust Properties business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D, Others
Revenue model
- Rental Income from Retail Properties: InvenTrust generates revenue through rental income from tenants in their grocery-anchored neighborhood and community centers as well as power centers. The company owns, leases, redevelops, acquires and manages these retail properties in Sun Belt markets.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
InvenTrust Properties product offering
Product offeringCore offering
InvenTrust Properties owns, leases, redevelops, acquires, and manages grocery-anchored neighborhood and community shopping centers as well as power centers in Sun Belt markets. The company's portfolio consists of 75 retail properties totaling 12 million square feet of gross leasable area, with 89% grocery-anchored by top retailers such as H-E-B, Whole Foods, Publix, and Kroger. Revenue is generated primarily through rental income from tenants at these essential retail centers.
Product overview
InvenTrust Properties Corp. is a premier Sun Belt multi-tenant essential retail REIT that operates as a single unified platform focused on owning, leasing, redeveloping, acquiring, and managing grocery-anchored neighborhood and community centers as well as high-quality power centers. The core offering consists of physical retail real estate properties anchored by top grocers (H-E-B, Whole Foods, Publix, Kroger) concentrated in Sun Belt markets. Supporting services include Short-Term & Specialty Leasing for pop-up shops and temporary retail, Redevelopment Services for asset enhancement, Property Acquisition Services targeting grocery-anchored centers greater than $15M, and a Tenant Portal for maintenance and payment management. The company also participates in the Sytes marketplace platform, a tenant demand-driven commercial real estate marketplace launched in 2026.
Differentiator
Problem solved
Functional benefit
Products and services
- Grocery-Anchored Retail Properties Multi-tenant essential retail real estate portfolio of neighborhood and community shopping centers anchored by top national grocery operators, leased to enterprise retail tenants in Sun Belt markets.
- Power Centers High-quality power centers, many of which include a grocery component, that serve as destination retail locations in Sun Belt markets.
- Short-Term & Specialty Leasing Flexible lease terms from one day to one year for pop-up shops, seasonal retail, outlet stores, parking lot activations, sidewalk sales, farmers markets, and food trucks at grocery-anchored centers.
- Redevelopment Services Strategic enhancement of existing assets through redevelopment and re-tenanting, including facade improvements, landscaping, signage upgrades, and tenant mix optimization.
- Property Acquisition Services All-cash acquisition of grocery-anchored retail portfolios and individual assets greater than $15 million in value in 14 major Sun Belt growth MSAs across the Mid-Atlantic, Southeast, and Southwest U.S.
- Tenant Portal & Services Online tenant resources including maintenance requests, sales reporting, and VersaPay-powered online bill payment for managing tenant accounts and communications at InvenTrust properties.
Quantifiable outcome
- Same-property NOI growth of 5.3% for 2025 (second consecutive year above 5%)
- +3 more outcomes
Companies that use InvenTrust Properties
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
InvenTrust Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature1 record
InvenTrust Properties partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core, strategic and minor.
- SytescoreSytes is a tenant demand-driven commercial real estate marketplace that makes tenant expansion intent visible to landlords and developers. InvenTrust actively uses the Sytes platform to source new tenants. The platform subscription model starts at approximately $99 per month with early subscriber outcomes including a $1.5 million deal sourced through a basic account.
- Institute for Market Transformation (IMT) / DOE Better Buildings AlliancestrategicInvenTrust was recognized as a Green Lease Leader Gold Level in 2026 by IMT and the U.S. Department of Energy's Better Buildings Alliance for leadership in sustainable leasing practices.
- GRESBcoreInvenTrust has participated in the GRESB Real Estate Assessment since 2013. GRESB provides ESG benchmarking and reporting for real estate companies, supporting InvenTrust's sustainability goals and ESG disclosure requirements.
- St. Jude Children's Research HospitalminorCorporate charity of choice. InvenTrust supports the organization through employee charitable initiatives and fundraising activities.
Scale indicators20 records
Recent moves7 records
Expansion highlights6 records
InvenTrust Properties competitors and assessment
Company assessmentDirect peers
- Kimco Realty: Kimco is a leading publicly traded shopping center REIT with a portfolio of open-air, grocery-anchored centers. It directly competes with InvenTrust for grocery-anchored assets in Sun Belt markets, and Sytes' launch explicitly cited Kimco as an active platform user.
- Regency Centers: Regency Centers is a premier grocery-anchored shopping center REIT with a national footprint. InvenTrust's SVP of Asset Strategy previously served as VP/Market Officer at Regency Centers, and the two compete for similar grocery-anchored product in overlapping Sun Belt markets.
- Federal Realty Investment Trust: Federal Realty owns and operates high-quality grocery-anchored and mixed-use shopping centers, with a similar necessity-retail thesis. It serves as a relevant benchmark for InvenTrust's grocery-anchored Sun Belt strategy.
- Phillips Edison & Company: Phillips Edison is a grocery-anchored shopping center REIT focused on necessity-based neighborhood centers, closely mirroring InvenTrust's product type and tenant strategy.
- Kite Realty Group Trust: Kite Realty is a shopping center REIT formed via the merger with Retail Properties of America; its open-air grocery-anchored Sun Belt portfolio directly overlaps with InvenTrust's footprint. InvenTrust board director Julie Swinehart was formerly CFO at RPAI.
- Brixmor Property Group: Brixmor is one of the largest publicly traded open-air shopping center REITs in the US, with a grocery-anchored portfolio that competes with InvenTrust for tenant relationships and acquisitions in growth markets.
- RPT Realty: RPT Realty is a grocery-anchored shopping center REIT with a Sun Belt-tilted portfolio, making it a close comparably sized competitor for grocery-anchored acquisitions and tenant relationships.
Broad incumbents
- Realty Income: Realty Income is a much larger net-lease REIT that includes grocery and convenience retail tenants. It does not focus on multi-tenant grocery-anchored centers, but it competes for capital flows and large grocery-anchored sale-leaseback deals.
- National Retail Properties: National Retail Properties (NNN) is a net-lease retail REIT specializing in single-tenant retail properties. InvenTrust's board chair Julian Whitehurst was formerly CEO of NNN, indicating close competitive and governance overlap.
Others
- Sytes: Sytes is the tenant demand-driven commercial real estate marketplace in which InvenTrust actively participates. Although not a REIT, it is an ecosystem partner that gives InvenTrust visibility into tenant expansion intent and a differentiated sourcing channel.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
InvenTrust Properties social profiles
Digital presenceInvenTrust Properties compliance and trust
Trust signalCompliance3 records
InvenTrust Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
InvenTrust Properties leadership team
Management profileNumber of profiles
Profiles17 records
InvenTrust Properties funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
InvenTrust Properties M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about InvenTrust Properties
What does InvenTrust Properties do?
InvenTrust Properties owns, leases, redevelops, acquires, and manages grocery-anchored neighborhood and community shopping centers as well as power centers in Sun Belt markets. The company's portfolio consists of 75 retail properties totaling 12 million square feet of gross leasable area, with 89% grocery-anchored by top retailers such as H-E-B, Whole Foods, Publix, and Kroger. Revenue is generated primarily through rental income from tenants at these essential retail centers.
Is InvenTrust Properties a public or private company?
InvenTrust Properties is a public company. It is classified as public and is currently operating.
When was InvenTrust Properties founded?
InvenTrust Properties was founded in 2012. It employs 101 to 250 people.
Where is InvenTrust Properties based?
InvenTrust Properties is headquartered in Downers Grove, United States, in the North America region.
How does InvenTrust Properties make money?
One revenue line is on record: rental Income from Retail Properties.
Who are InvenTrust Properties's main competitors?
Direct peers on record are Kimco Realty, Regency Centers, Federal Realty Investment Trust, Phillips Edison & Company, Kite Realty Group Trust, Brixmor Property Group and RPT Realty. Broad incumbents are Realty Income and National Retail Properties. Sytes is listed as an others.
Does InvenTrust Properties have an API?
No public API is recorded for InvenTrust Properties.
What industry is InvenTrust Properties in?
InvenTrust Properties's product category is Retail REIT (Shopping Center Real Estate). Its primary akta.pro industry code is CRAIADAA, General Home Improvement & Hardware Stores, with a secondary code of CRAIAIAA, Lawn & Garden Equipment Retail (Mowers, Trimmers, Blowers). Its NAICS code is 444 and its SIC code is 5211.