Earnings release
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CONTACT: Dan Lombardo Vice President of Investor Relations 630-570-0605 dan.lombardo@inventrustproperties.com InvenTrust Properties Corp. Reports 2025 Second Quarter Results DOWNERS GROVE, IL – July 29, 2025 – InvenTrust Properties Corp. (“InvenTrust” or the “Company”) (NYSE: IVT) today reported financial and operating results for the quarter ended June 30, 2025. For the three months ended June 30, 2025 and 2024, the Company reported Net Income of $95.9 million, or $1.23 per diluted share, and Net Income of $1.5 million, or $0.02 per diluted share, respectively. Second Quarter 2025 Highlights: • Nareit FFO of $0.45 per diluted share • Core FFO of $0.44 per diluted share • Same Property Net Operating Income (“NOI”) growth of 4.8% • Leased Occupancy as of June 30, 2025 of 97.3% • Executed 73 leases totaling approximately 304,000 square feet of GLA, of which 286,000 square feet was executed at a blended comparable lease spread of 16.4% • Completed a portfolio sale of five properties in California for an aggregate gross disposition price of $306.0 million • Acquired four properties, totaling approximately 330,000 square feet, for an aggregate acquisition price of $105.4 million “This quarter marks a significant milestone in the execution of our portfolio strategy, as we successfully completed the disposition of the majority of our California assets,” said DJ Busch, President and CEO of InvenTrust. “At the same time, we efficiently redeployed a significant portion of that capital into growing Sun Belt markets.” Busch continued, “These transactions underscore our continued commitment to portfolio simplification, operational excellence, and disciplined capital allocation. Importantly, we achieved this milestone while maintaining strong full year Same Property NOI and FFO growth guidance. We believe this repositioning enhances the long-term value of our portfolio and further strengthens InvenTrust’s foundation for sustainable cash flow growth.” NET INCOME • Net Income for the three months ended June 30, 2025 was $95.9 million, or $1.23 per diluted share, compared to Net Income of $1.5 million, or $0.02 per diluted share, for the same period in 2024. • Net Income for the six months ended June 30, 2025 was $102.7 million, or $1.31 per diluted share, compared to Net Income of $4.4 million, or $0.06 per diluted share, for the same period in 2024. NAREIT FFO • Nareit FFO for the three months ended June 30, 2025 was $35.5 million, or $0.45 per diluted share, compared to $30.1 million, or $0.44 per diluted share, for the same period in 2024. • Nareit FFO for the six months ended June 30, 2025 was $72.6 million, or $0.93 per diluted share, compared to $60.9 million, or $0.89 per diluted share, for the same period in 2024. 1 Earnings Release - Quarter Ended June 30, 2025
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CORE FFO • Core FFO for the three months ended June 30, 2025 was $34.3 million, or $0.44 per diluted share, compared to $29.1 million, or $0.43 per diluted share, for the same period in 2024. • Core FFO for the six months ended June 30, 2025 was $70.6 million, or $0.90 per diluted share, compared to $59.1 million, or $0.87 per diluted share, for the same period in 2024. SAME PROPERTY NOI • Same Property NOI for the three months ended June 30, 2025 was $42.6 million, a 4.8% increase, compared to the same period in 2024. • Same Property NOI for the six months ended June 30, 2025 was $85.1 million, a 5.6% increase, compared to the same period in 2024. DIVIDEND • For the quarter ended June 30, 2025, the Board of Directors declared a quarterly cash distribution of $0.2377 per share, paid on July 15, 2025. PORTFOLIO PERFORMANCE & INVESTMENT ACTIVITY • As of June 30, 2025, the Company’s Leased Occupancy was 97.3%. ◦ Anchor Leased Occupancy, which includes spaces greater than or equal to 10,000 square feet, was 99.5% and Small Shop Leased Occupancy was 93.8%. Anchor Leased Occupancy remained unchanged and Small Shop Leased Occupancy increased 40 basis points on a sequential basis compared to the previous quarter. ◦ Leased to Economic Occupancy spread of 180 basis points, which equates to approximately $5.1 million of base rent on an annualized basis. • Blended re-leasing spreads for comparable new and renewal leases signed in the second quarter were 16.4%. • Annualized Base Rent (“ABR”) per square foot (“PSF”) as of June 30, 2025 was $20.18, an increase of 2.4% compared to the same period in 2024. Anchor Tenant ABR PSF was $12.73 and Small Shop Tenant ABR PSF was $33.04 for the second quarter. • On June 6, 2025, the Company completed a portfolio sale of five properties in California for a gross disposition price of $306.0 million. The Company recognized a gain on sale of $90.9 million. • During the second quarter, the Company completed four acquisitions: ◦ On April 1, 2025, the Company acquired Plaza Escondida, a 91,000 square foot neighborhood center anchored by Trader Joe’s in Tucson, Arizona, for a gross acquisition price of $23.0 million. The Company used cash on hand and assumed a mortgage payable of $8.0 million to fund the acquisition. ◦ On April 24, 2025, the Company acquired Carmel Village, a 54,000 square foot neighborhood center in Charlotte, North Carolina, for a gross acquisition price of $19.9 million. The Company used cash on hand to fund the acquisition. ◦ On June 10, 2025, the Company acquired West Ashley Station, a 79,000 square foot neighborhood center anchored by Whole Foods Market in Charleston, South Carolina, for a gross acquisition price of $26.6 million. The Company used cash on hand to fund the acquisition. ◦ On June 23, 2025, the Company acquired Twelve Oaks Shopping Center, a 106,000 square foot neighborhood center anchored by Publix in Savannah, Georgia, for a gross acquisition price of $35.9 million. The Company used cash on hand to fund the acquisition. 2 Earnings Release - Quarter Ended June 30, 2025
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LIQUIDITY AND CAPITAL STRUCTURE • InvenTrust had $787.1 million of total liquidity, as of June 30, 2025, comprised of $287.1 million of cash and cash equivalents and $500.0 million of availability under its Revolving Credit Facility. • InvenTrust has $22.9 million of mortgage debt maturing in 2025 and $200.0 million of term loan debt maturing in 2026. • On April 1, 2025, the Company assumed an $8.0 million mortgage payable with the acquisition of Plaza Escondida. • On May 9, 2025, the Company extinguished a $13.0 million mortgage payable secured by The Plant with its available liquidity. • On June 10, 2025, the Company recognized a finance lease liability of $11.0 million related to the West Ashley Station ground lease. • The Company's weighted average interest rate on its debt as of June 30, 2025 was 4.03% and the weighted average remaining term was 2.9 years. SUBSEQUENT EVENTS • On July 1, 2025, the Company acquired Marketplace at Encino Park, a 92,000 square foot neighborhood center anchored by Sprouts Farmers Market in San Antonio, Texas, for a gross acquisition price of $38.5 million. The Company used cash on hand to fund the acquisition. • On July 17, 2025, the Company acquired West Broad Marketplace, a 386,000 square foot community center anchored by Wegmans in Richmond, Virginia, for a gross acquisition price of $86.0 million. The Company used cash on hand to fund the acquisition. 3 Earnings Release - Quarter Ended June 30, 2025
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2025 GUIDANCE InvenTrust has updated its 2025 guidance, as summarized in the following table. (Unaudited, dollars in thousands, except per share amounts) Current Previous Net Income per diluted share $1.43 – $1.49 $0.27 – $0.33 Nareit FFO per diluted share $1.83 – $1.89 $1.83 – $1.89 Core FFO per diluted share $1.79 – $1.83 $1.79 – $1.83 Same Property NOI (“SPNOI”) Growth 4.00% – 5.00% 3.50% – 4.50% General and administrative $34,250 – $35,750 $34,250 – $35,750 Interest expense, net $31,000 – $31,500 $31,000 – $31,500 Net investment activity ~ $100,000 ~ $100,000 The Company’s 2025 guidance excludes projections related to gains or losses on dispositions, gains or losses on debt transactions, and depreciation, amortization, and straight-line rent adjustments related to acquisitions and dispositions. The Company’s 2025 guidance includes an expectation of uncollectibility, reflected as 65 - 85 basis points of expected total revenue. Core FFO per diluted share excludes amortization of market-lease intangibles and inducements, debt extinguishment charges, straight-line rent adjustments, depreciation and amortization of corporate assets, and non-operating income and expense. Interest expense, net, excludes amortization of debt discounts and financing costs, and expected interest income of approximately $2.8 million. Net investment activity represents anticipated acquisition activity less disposition activity. In addition to the foregoing assumptions, the Company's 2025 guidance incorporates a number of other assumptions that are subject to change and may be outside the control of the Company. If actual results vary from these assumptions, the Company's expectations may change. There can be no assurances that InvenTrust will achieve these results. The following table provides a reconciliation of the range of the Company's 2025 estimated net income per diluted share to estimated Nareit FFO and Core FFO per diluted share: (Unaudited) Low End High End Net income per diluted share $ 1.43 $ 1.49 Depreciation and amortization of real estate assets 1.56 1.56 Gain on sale of investment properties (1.16) (1.16) Nareit FFO per diluted share 1.83 1.89 Amortization of market-lease intangibles and inducements, net (0.04) (0.05) Straight-line rent adjustments, net (0.04) (0.05) Amortization of debt discounts and financing costs 0.04 0.04 Core FFO per diluted share $ 1.79 $ 1.83 This earnings release does not include a reconciliation of forward-looking SPNOI to forward-looking GAAP Net Income because the Company is unable, without making unreasonable efforts, to provide a meaningful or reasonably accurate calculation or estimation of certain reconciling items which could be significant to the Company’s results. EARNINGS CALL INFORMATION Date: July 30, 2025 Time: 10:00 a.m. ET Dial-in: (833) 470-1428 / Access Code: 158670 Webcast & Replay Link: https://events.q4inc.com/attendee/848091035 A webcast replay will be available shortly after the conclusion of the presentation using the webcast link above. (1) (2) (3) (4) (5) (1) (2) (3) (4) (5) 4 Earnings Release - Quarter Ended June 30, 2025
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Definitions NON-GAAP FINANCIAL MEASURES This Earnings Release includes certain financial measures and other terms that are not in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) that management believes are helpful in understanding the Company’s business. These measures should not be considered as alternatives to, or more meaningful than, net income (calculated in accordance with GAAP) or other GAAP financial measures, as an indicator of financial performance and are not alternatives to, or more meaningful than, cash flow from operating activities (calculated in accordance with GAAP) as a measure of liquidity. Non- GAAP performance measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be considered as supplemental financial results to those calculated in accordance with GAAP. The Company's computation of these non-GAAP performance measures may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to similarly titled measures presented by such other REITs. Investors are cautioned that items excluded from these non-GAAP performance measures are relevant to understanding and addressing financial performance. A reconciliation of the Company’s non-GAAP measures to the most directly comparable GAAP financials measures are included herein. SAME PROPERTY NOI or SPNOI Information provided on a same property basis includes the results of properties that were owned and operated for the entirety of both periods presented. NOI excludes general and administrative expenses, depreciation and amortization, other income and expense, net, impairment of real estate assets, gains (losses) from sales of properties, gains (losses) on extinguishment of debt, interest expense, net, lease termination income and expense, and GAAP rent adjustments such as amortization of market lease intangibles, amortization of lease incentives, and straight-line rent adjustments (“GAAP Rent Adjustments”). The Company bifurcates NOI into Same Property NOI and NOI from other investment properties based on whether the retail properties meet the Company’s Same Property criteria. NOI from other investment properties includes adjustments for the Company’s captive insurance company. NAREIT FUNDS FROM OPERATIONS (NAREIT FFO) and CORE FFO The Company’s non-GAAP measure of Nareit Funds from Operations ("Nareit FFO"), based on the National Association of Real Estate Investment Trusts ("Nareit") definition, is net income (or loss) in accordance with GAAP, excluding gains (or losses) resulting from dispositions of properties, plus depreciation and amortization and impairment charges on depreciable real property. Core Funds From Operations (“Core FFO”) is an additional supplemental non-GAAP financial measure of the Company’s operating performance. In particular, Core FFO provides an additional measure to compare the operating performance of different REITs without having to account for certain remaining amortization assumptions within Nareit FFO and other unique revenue and expense items which some may consider not pertinent to measuring a particular company’s ongoing operating performance. EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION, AND AMORTIZATION (EBITDA) and ADJUSTED EBITDA The Company’s non-GAAP measure of EBITDA is net income (or loss) in accordance with GAAP, excluding interest expense, net, income tax expense (or benefit), and depreciation and amortization. Adjusted EBITDA is an additional supplemental non- GAAP financial measure of the Company’s operating performance. In particular, Adjusted EBITDA provides an additional measure to compare the operating performance of different REITs without having to account for certain remaining amortization assumptions within EBITDA, certain gains or losses remaining within EBITDA, and other unique revenue and expense items which some may consider not pertinent to measuring a particular company's ongoing operating performance. NET DEBT-TO-ADJUSTED EBITDA Net Debt-to-Adjusted EBITDA is Net Debt divided by trailing twelve month Adjusted EBITDA. 5 Earnings Release - Quarter Ended June 30, 2025
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Financial Statements Condensed Consolidated Balance Sheets In thousands, except share amounts As of June 30 As of December 31 2025 2024 Assets (unaudited) Investment properties Land $ 641,255 $ 712,827 Building and other improvements 2,035,653 2,116,092 Construction in progress 6,466 9,951 Total 2,683,374 2,838,870 Less accumulated depreciation (483,733) (511,969) Net investment properties 2,199,641 2,326,901 Cash, cash equivalents, and restricted cash 294,039 91,221 Intangible assets, net 139,908 137,420 Accounts and rents receivable 35,159 36,131 Deferred costs and other assets, net 40,737 44,277 Total assets $ 2,709,484 $ 2,635,950 Liabilities Debt, net $ 746,335 $ 740,415 Accounts payable and accrued expenses 44,107 46,418 Distributions payable 18,447 17,512 Intangible liabilities, net 48,314 42,897 Other liabilities 29,995 28,703 Total liabilities 887,198 875,945 Commitments and contingencies Stockholders' Equity Preferred stock, $0.001 par value, 40,000,000 shares authorized, none outstanding — — Common stock, $0.001 par value, 146,000,000 shares authorized, 77,606,396 shares issued and outstanding as of June 30, 2025 and 77,450,794 shares issued and outstanding as of December 31, 2024 78 77 Additional paid-in capital 5,732,962 5,730,367 Distributions in excess of accumulated net income (3,919,016) (3,984,865) Accumulated comprehensive income 8,262 14,426 Total stockholders' equity 1,822,286 1,760,005 Total liabilities and stockholders' equity $ 2,709,484 $ 2,635,950 6 Earnings Release - Quarter Ended June 30, 2025
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Financial Statements,continued Condensed Consolidated Statements of Operations and Comprehensive Income In thousands, except share and per share amounts, unaudited Three Months Ended June 30 Six Months Ended June 30 2025 2024 2025 2024 Income Lease income, net $ 73,130 $ 67,056 $ 146,519 $ 133,549 Other property income 421 367 803 672 Total income 73,551 67,423 147,322 134,221 Operating expenses Depreciation and amortization 30,738 28,790 61,352 56,958 Property operating 11,476 10,243 22,223 20,242 Real estate taxes 10,194 9,046 19,550 18,027 General and administrative 8,706 8,661 17,253 16,635 Total operating expenses 61,114 56,740 120,378 111,862 Other (expense) income Interest expense, net (8,346) (9,640) (16,668) (19,274) Gain on sale of investment properties 90,909 — 90,909 — Other income and expense, net 942 455 1,549 1,313 Total other (expense) income, net 83,505 (9,185) 75,790 (17,961) Net income $ 95,942 $ 1,498 $ 102,734 $ 4,398 Weighted-average common shares outstanding - basic 77,591,538 67,900,275 77,577,831 67,887,402 Weighted-average common shares outstanding - diluted 78,292,422 68,327,263 78,226,681 68,299,657 Net income per common share - basic $ 1.24 $ 0.02 $ 1.32 $ 0.06 Net income per common share - diluted $ 1.23 $ 0.02 $ 1.31 $ 0.06 Comprehensive income Net income $ 95,942 $ 1,498 $ 102,734 $ 4,398 Unrealized (loss) gain on derivatives, net (43) 2,386 (1,629) 9,705 Reclassification to net income (2,293) (3,314) (4,535) (6,631) Comprehensive income $ 93,606 $ 570 $ 96,570 $ 7,472 7 Earnings Release - Quarter Ended June 30, 2025
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Reconciliation of Non-GAAP Measures In thousands Same Property NOI The following table presents the components of Same Property NOI: Three Months Ended June 30 Six Months Ended June 30 2025 2024 2025 2024 Income Minimum base rent $ 39,777 $ 38,197 $ 78,459 $ 75,381 Real estate tax recoveries 8,177 7,338 15,460 14,463 Common area maintenance, insurance, and other recoveries 7,555 7,120 15,096 13,907 Ground rent income 4,334 4,222 8,606 8,401 Short-term and other lease income 802 592 1,983 1,589 Provision for uncollectible rent and recoveries, net (103) (173) (32) (115) Other property income 390 306 704 561 Total income 60,932 57,602 120,276 114,187 Operating Expenses Property operating 9,416 8,965 18,355 17,750 Real estate taxes 8,890 7,970 16,860 15,853 Total operating expenses 18,306 16,935 35,215 33,603 Same Property NOI $ 42,626 $ 40,667 $ 85,061 $ 80,584 Net Income to Same Property NOI The following table presents a reconciliation of Net Income to Same Property NOI: Three Months Ended June 30 Six Months Ended June 30 2025 2024 2025 2024 Net income $ 95,942 $ 1,498 $ 102,734 $ 4,398 Adjustments to reconcile to non-GAAP metrics: Other income and expense, net (942) (455) (1,549) (1,313) Interest expense, net 8,346 9,640 16,668 19,274 Gain on sale of investment properties (90,909) — (90,909) — Depreciation and amortization 30,738 28,790 61,352 56,958 General and administrative 8,706 8,661 17,253 16,635 Adjustments to NOI (a) (1,981) (2,387) (3,780) (4,430) NOI 49,900 45,747 101,769 91,522 NOI from other investment properties (7,274) (5,080) (16,708) (10,938) Same Property NOI $ 42,626 $ 40,667 $ 85,061 $ 80,584 (a) Adjustments to NOI include lease termination income and expense and GAAP Rent Adjustments. 8 Earnings Release - Quarter Ended June 30, 2025
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Reconciliation of Non-GAAP Measures,continued in thousands, except share and per share amounts Nareit FFO and Core FFO The following table presents a reconciliation of Net Income to Nareit FFO Applicable to Common Shares and Dilutive Securities and Core FFO Applicable to Common Shares and Dilutive Securities: Three Months Ended June 30 Six Months Ended June 30 2025 2024 2025 2024 Net income $ 95,942 $ 1,498 $ 102,734 $ 4,398 Depreciation and amortization of real estate assets 30,451 28,570 60,817 56,516 Gain on sale of investment properties (90,909) — (90,909) — Nareit FFO Applicable to Common Shares and Dilutive Securities 35,484 30,068 72,642 60,914 Amortization of market lease intangibles and inducements, net (1,089) (657) (1,984) (1,233) Straight-line rent adjustments, net (844) (981) (1,738) (1,887) Amortization of debt discounts and financing costs 657 600 1,340 1,175 Accretion of finance lease liability 11 — 11 — Depreciation and amortization of corporate assets 287 220 535 442 Non-operating income and expense, net (a) (170) (116) (241) (296) Core FFO Applicable to Common Shares and Dilutive Securities $ 34,336 $ 29,134 $ 70,565 $ 59,115 Weighted average common shares outstanding - basic 77,591,538 67,900,275 77,577,831 67,887,402 Dilutive effect of unvested restricted shares (b) 700,884 426,988 648,850 412,255 Weighted average common shares outstanding - diluted 78,292,422 68,327,263 78,226,681 68,299,657 Net income per diluted share $ 1.23 $ 0.02 $ 1.31 $ 0.06 Nareit FFO per diluted share $ 0.45 $ 0.44 $ 0.93 $ 0.89 Core FFO per diluted share $ 0.44 $ 0.43 $ 0.90 $ 0.87 (a) Reflects items which are not pertinent to measuring ongoing operating performance, such as miscellaneous and settlement income. (b) For purposes of calculating non-GAAP per share metrics, the Company applies the same denominator used in calculating diluted earnings per share in accordance with GAAP. EBITDA and Adjusted EBITDA The following table presents a reconciliation of Net Income to EBITDA and Adjusted EBITDA: Three Months Ended June 30 Six Months Ended June 30 2025 2024 2025 2024 Net income $ 95,942 $ 1,498 $ 102,734 $ 4,398 Interest expense, net 8,346 9,640 16,668 19,274 Income tax expense 140 132 276 265 Depreciation and amortization 30,738 28,790 61,352 56,958 EBITDA 135,166 40,060 181,030 80,895 Gain on sale of investment properties (90,909) — (90,909) — Amortization of market-lease intangibles and inducements, net (1,089) (657) (1,984) (1,233) Straight-line rent adjustments, net (844) (981) (1,738) (1,887) Non-operating income and expense, net (a) (170) (116) (241) (296) Adjusted EBITDA $ 42,154 $ 38,306 $ 86,158 $ 77,479 (a) Reflects items which are not pertinent to measuring ongoing operating performance, such as miscellaneous and settlement income. 9 Earnings Release - Quarter Ended June 30, 2025
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Financial Leverage Ratios In thousands Net Debt and Net Debt-to-Adjusted EBITDA The following table presents the calculation of net debt and Net Debt-to-Adjusted EBITDA: As of June 30 As of December 31 2025 2024 Net Debt: Outstanding Debt, net $ 746,335 $ 740,415 Less: Cash and cash equivalents (287,134) (87,395) Net Debt $ 459,201 $ 653,020 Net Debt-to-Adjusted EBITDA (trailing 12 months): Net Debt $ 459,201 $ 653,020 Adjusted EBITDA (trailing 12 months) 166,688 158,009 Net Debt-to-Adjusted EBITDA 2.8x 4.1x 10 Earnings Release - Quarter Ended June 30, 2025
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About InvenTrust Properties Corp. InvenTrust Properties Corp. (the “Company,” "IVT," or "InvenTrust") is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component. Management pursues the Company's business strategy by acquiring retail properties in Sun Belt markets, opportunistically disposing of retail properties, and maintaining a flexible capital structure. A trusted, local operator bringing real estate expertise to its tenant relationships, IVT has built a strong reputation with market participants across its portfolio. For more information, please visit www.inventrustproperties.com. The enclosed information should be read in conjunction with the Company's filings with the U.S. Securities and Exchange Commission (“SEC”), including, but not limited to, the Company's Form 10-Qs filed quarterly and Form 10-Ks filed annually. Additionally, the enclosed information does not purport to disclose all items required under GAAP. The information provided in this earnings release is unaudited and includes non-GAAP measures (as discussed herein), and there can be no assurance that the information will not vary from the final information in the Company's Form 10-Q for the quarter ended June 30, 2025. The Company may, but assumes no obligation to, update information in this earnings release. Forward-Looking Statements Disclaimer Forward-Looking Statements in this earnings release, or made during the earnings call, which are not historical facts, are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of InvenTrust's management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Any statements made in this earnings release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements. Forward- looking statements include information concerning possible or assumed future results of operations, including our guidance and descriptions of our business plans and strategies. These statements often include words such as "may," "should," “could,” "would," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "target," "project," "predict," "potential," "continue," "likely," "will," "forecast," "outlook," "guidance," "suggest," and variations of these terms and similar expressions, or the negative of these terms or similar expressions. The following factors, among others, could cause actual results, financial position and timing of certain events to differ materially from those described in the forward-looking statements: interest rate movements; local, regional, national and global economic performance; the impact of inflation on the Company and on its tenants; competitive factors; the impact of e-commerce on the retail industry; future retailer store closings; retailer consolidation; retailers reducing store size; retailer bankruptcies; government policy changes, including the effects of recent new tariffs and changes in global trade policies on the overall state of the economy; and any material market changes and trends that could affect the Company’s business strategy. For further discussion of factors that could materially affect the outcome of management's forward-looking statements and IVT's future results and financial condition, see the Risk Factors included in the Company's most recent Annual Report on Form 10-K, as updated by any subsequent Quarterly Report on Form 10-Q, in each case as filed with the SEC. InvenTrust intends that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. IVT cautions you not to place undue reliance on any forward-looking statements, which are made as of the date of this earnings release. IVT undertakes no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If IVT updates one or more forward-looking statements, no inference should be drawn that IVT will make additional updates with respect to those or other forward-looking statements. Availability of Information on InvenTrust Properties Corp.'s Website and Social Media Channels Investors and others should note that InvenTrust routinely announces material information to investors and the marketplace using U.S. Securities and Exchange Commission filings, press releases, public conference calls, webcasts and the InvenTrust investor relations website. The Company uses these channels as well as social media channels (e.g., the InvenTrust X account (x.com/inventrustprop); and the InvenTrust LinkedIn account (linkedin.com/company/inventrustproperties)), as a means of disclosing information about the Company's business to colleagues, investors, and the public. While not all of the information that the Company posts to the InvenTrust investor relations website or on the Company’s social media channels is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in InvenTrust to review the information that it shares on www.inventrustproperties.com/investor-relations and on the Company’s social media channels. 11 Earnings Release - Quarter Ended June 30, 2025