Page 1

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON , D.C. 20549 FORM 10 - K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2020 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMMISSION FILE NUMBER : 000-51609 INVENTRUST PROPERTIES CORP . ( Exact name of registrant as specified in its charter ) Maryland ( State or other jurisdiction of incorporation or organization ) 3025 Highland Parkway , Suite 350 Downers Grove , Illinois ( Address of principal executive offices ) ( 855 ) 377-0510 ( Registrant's telephone number , including area code ) Securities registered pursuant to Section 12 ( b ) of the Act : None ( I.R.S. Employer Identification No. ) Securities registered pursuant to Section 12 ( g ) of the Act : Common stock , $ 0.001 par value per share ( Title of Class ) 34-2019608 Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Yes Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to the filing requirements for the past 90 days . Yes No Large accelerated filer Non - accelerated filer || 60515 ( Zip Code ) Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( Section 232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes No Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company in Rule 12b - 2 of the Exchange Act . Accelerated filer Smaller reporting company Emerging growth company No No | 000 If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . □ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . O Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes □ No X There is no established market for the registrant's shares of common stock . The aggregate market value of the registrant's common stock held by non affiliates of the registrant as of June 30 , 2020 ( the last business day of the registrant's most recently completed second quarter ) was approximately $ 2,257,455,030 , based on the estimated per share value of $ 3.14 , as established by the registrant as of May 1 , 2019 . As of February 1 , 2021 , there were 719,462,786 shares of the registrant's common stock outstanding . DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant's definitive " Proxy Statement " for its annual stockholders ' meeting expected to be held on May 6 , 2021 , are incorporated by reference in Part III of this Form 10 - K .