Tearsheet

InvenTrust Properties (IVT)


Market Price (12/28/2025): $28.545 | Market Cap: $2.2 Bil
Sector: Real Estate | Industry: Retail REITs

InvenTrust Properties (IVT)


Market Price (12/28/2025): $28.545
Market Cap: $2.2 Bil
Sector: Real Estate
Industry: Retail REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.6%, Dividend Yield is 3.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.4%
Trading close to highs
Dist 52W High is -4.9%
Key risks
IVT key risks include [1] intense competition for acquisitions and [2] a potential oversupply of retail properties within its geographically concentrated Sun Belt markets.
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 51%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 37%
Weak multi-year price returns
2Y Excs Rtn is -28%, 3Y Excs Rtn is -43%
 
2 Low stock price volatility
Vol 12M is 20%
  
3 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, E-commerce & DTC Adoption, and Sustainable & Green Buildings. Themes include Last-Mile Delivery, Show more.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.6%, Dividend Yield is 3.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.4%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 51%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 37%
2 Low stock price volatility
Vol 12M is 20%
3 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, E-commerce & DTC Adoption, and Sustainable & Green Buildings. Themes include Last-Mile Delivery, Show more.
4 Trading close to highs
Dist 52W High is -4.9%
5 Weak multi-year price returns
2Y Excs Rtn is -28%, 3Y Excs Rtn is -43%
6 Key risks
IVT key risks include [1] intense competition for acquisitions and [2] a potential oversupply of retail properties within its geographically concentrated Sun Belt markets.

Valuation, Metrics & Events

IVT Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

The approximate -3.3% movement in InvenTrust Properties (IVT) stock between August 31, 2025, and December 27, 2025, can be attributed to several key factors.

1. Premium Valuation and Limited Near-Term Catalysts<br><br>

As of October 22, 2025, InvenTrust Properties received a "hold" rating, largely due to its premium valuation and a perceived lack of significant near-term catalysts for further upside. Despite the company's strong fundamentals, such as a stable, grocery-anchored portfolio in the Sun Belt region, high occupancy, and visible rent growth, the stock was considered to be already fully valued, which could lead to a tempering of further price appreciation.

2. General REIT Sector Headwinds and Interest Rate Environment<br><br>

While InvenTrust Properties focuses on a resilient sub-sector of retail real estate, the broader Real Estate Investment Trust (REIT) market in 2025 faced various challenges. These included concerns about shifting interest rates, potential rising vacancy rates in other property types like office and residential, and oversupply in specific markets. Although InvenTrust's core assets performed well, the overall sentiment or adjustments in response to the broader real estate market and interest rate environment could have exerted some downward pressure on the stock.

Show more

Stock Movement Drivers

Fundamental Drivers

The -1.5% change in IVT stock from 9/27/2025 to 12/27/2025 was primarily driven by a -6.9% change in the company's P/E Multiple.
927202512272025Change
Stock Price ($)28.9828.55-1.48%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)287.07293.022.07%
Net Income Margin (%)39.01%40.46%3.71%
P/E Multiple20.0818.69-6.91%
Shares Outstanding (Mil)77.5977.62-0.03%
Cumulative Contribution-1.48%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025
ReturnCorrelation
IVT-1.5% 
Market (SPY)4.3%6.1%
Sector (XLRE)-3.2%64.8%

Fundamental Drivers

The 5.3% change in IVT stock from 6/28/2025 to 12/27/2025 was primarily driven by a 547.7% change in the company's Net Income Margin (%).
628202512272025Change
Stock Price ($)27.1228.555.29%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)280.95293.024.30%
Net Income Margin (%)6.25%40.46%547.72%
P/E Multiple119.8418.69-84.40%
Shares Outstanding (Mil)77.5677.62-0.07%
Cumulative Contribution5.29%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025
ReturnCorrelation
IVT5.3% 
Market (SPY)12.6%21.9%
Sector (XLRE)-0.7%66.0%

Fundamental Drivers

The -0.6% change in IVT stock from 12/27/2024 to 12/27/2025 was primarily driven by a -93.6% change in the company's P/E Multiple.
1227202412272025Change
Stock Price ($)28.7228.55-0.60%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)267.46293.029.55%
Net Income Margin (%)2.52%40.46%1503.48%
P/E Multiple291.6418.69-93.59%
Shares Outstanding (Mil)68.5377.62-13.26%
Cumulative Contribution-2.35%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025
ReturnCorrelation
IVT-0.6% 
Market (SPY)17.0%54.7%
Sector (XLRE)2.3%74.0%

Fundamental Drivers

The 36.6% change in IVT stock from 12/28/2022 to 12/27/2025 was primarily driven by a 124.7% change in the company's Net Income Margin (%).
1228202212272025Change
Stock Price ($)20.9128.5536.55%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)231.02293.0226.84%
Net Income Margin (%)18.01%40.46%124.65%
P/E Multiple33.8818.69-44.84%
Shares Outstanding (Mil)67.4377.62-15.11%
Cumulative Contribution33.44%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025
ReturnCorrelation
IVT17.5% 
Market (SPY)48.0%46.4%
Sector (XLRE)6.0%68.4%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
IVT Return-64%1121%-10%11%23%-2%422%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
IVT Win Rate8%25%33%50%58%50% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
IVT Max Drawdown-80%0%-20%-11%-5%-13% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventIVTS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-35.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven55.4%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

InvenTrust Properties's stock fell -35.7% during the 2022 Inflation Shock from a high on 6/3/2022. A -35.7% loss requires a 55.4% gain to breakeven.

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About InvenTrust Properties (IVT)

InvenTrust Properties Corp. is a premier multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood centers, and select power centers that often have a grocery component, predominantly in Sun Belt markets with favorable demographics. We seek to continue to execute our strategy to enhance our multi-tenant retail platform by further investing in grocery-anchored centers with essential retail in our current markets, while exhibiting focused and disciplined capital allocation.

AI Analysis | Feedback

It's like a **Kimco Realty** that focuses exclusively on grocery-anchored shopping centers in the Sunbelt.

Think of it as the **Simon Property Group** for grocery-anchored shopping centers, rather than enclosed malls.

AI Analysis | Feedback

  • Retail Space Leasing: InvenTrust Properties provides rentable commercial spaces within its focused portfolio of essential retail centers to various businesses, primarily in the Sun Belt region.

AI Analysis | Feedback

InvenTrust Properties (IVT) is a real estate investment trust (REIT) that primarily owns and operates grocery-anchored retail shopping centers. As such, its major customers are the retail businesses that lease space within its properties.

Based on their 2023 annual report (10-K), the following are InvenTrust Properties' major customers (tenants) by aggregate annualized base rent:

  • Publix Super Markets, Inc. (Private company)
  • The TJX Companies, Inc. (Symbol: TJX)
  • Kroger Co. (Symbol: KR)
  • Ahold Delhaize NV (Symbol: ADRNY)

These top four tenants represented approximately 18.5% of InvenTrust Properties' aggregate annualized base rent as of December 31, 2023.

AI Analysis | Feedback

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AI Analysis | Feedback

Daniel J. (DJ) Busch

President & Chief Executive Officer

Mr. Busch was appointed CEO & Director of InvenTrust Properties in August 2021, and President in February 2021. He served as Executive Vice President, Chief Financial Officer, and Treasurer of InvenTrust since 2019. Before joining InvenTrust in September 2019, Mr. Busch was the Managing Director, Retail at Green Street Advisors, an independent research and advisory firm for the commercial real estate industry, where he conducted independent research on shopping center, regional mall, and net lease sectors. Previously, he worked as an equity research analyst at Telsey Advisory Group and in a corporate capacity at Petco Animal Supplies Inc.

Mike Phillips

EVP, Chief Financial Officer and Treasurer

Mr. Phillips was appointed CFO of InvenTrust Properties in August 2021. Prior to this, he served as Senior Vice President and Chief Accounting Officer of InvenTrust. He has been with InvenTrust since 2009, holding various senior financial and accounting roles including Controller, Director for Internal Reporting, and Senior Accounting Manager for Financial Reporting. Before joining the company, Mr. Phillips worked at Pasquinelli Homebuilding for five years as Manager of Finance.

Christy David

EVP, Chief Operating Officer, General Counsel & Secretary

Ms. David was appointed as InvenTrust's Chief Operating Officer in February 2021. She previously served as Chief Investment Officer, General Counsel and Corporate Secretary. Ms. David joined InvenTrust in 2014 as Managing Counsel – Transactions and later became Vice President, Deputy General Counsel, and Secretary in November 2016, and then General Counsel in 2017. Prior to InvenTrust, she also worked as Managing Counsel: Transactions at Inland American Real Estate.

Lauren Suva

EVP, Chief Administrative Officer

Ms. Suva has led InvenTrust's Human Resources team since January 2018. She joined the company in July 2017 as Senior Director, Human Resources, and was promoted to Vice President and then Senior Vice President before assuming her current position. Prior to InvenTrust, Ms. Suva spent thirteen years in various Human Resources roles at Berlin Packaging, including Human Resource Coordinator, Generalist, Manager, and Director of Talent Acquisition.

James Puzon

SVP, Corporate Finance and Portfolio Management

Mr. Puzon was appointed Senior Vice President, Corporate Finance and Portfolio Management at InvenTrust Properties Corp. in June 2021. He has served in various senior financial roles at InvenTrust, most recently as Vice President of Corporate Finance and Operations. Before joining InvenTrust, Mr. Puzon held positions of increasing responsibility at Brookfield Properties Retail (formerly General Growth Properties), including VP, Corporate Finance and Director, Corporate Finance.

AI Analysis | Feedback

The key risks to InvenTrust Properties (IVT) business operations include:

  1. Macroeconomic Pressures and Market Sensitivity: As a Real Estate Investment Trust (REIT), InvenTrust Properties is inherently susceptible to broader economic downturns and market volatility, which can directly influence occupancy rates and rental income. Rising interest rates, inflation, and regional economic slowdowns are significant factors that could negatively impact financial projections and the company's ability to recycle capital and pursue acquisitions.
  2. Evolving Retail Landscape and Tenant Health: InvenTrust Properties' substantial reliance on the retail sector exposes it to risks associated with the ongoing shift from brick-and-mortar to e-commerce, potential tenant bankruptcies, store closures, and retailer consolidation. These trends can adversely affect sales at physical locations, leading retailers to reduce their footprint or default on leases, thereby impacting the company's revenues and cash flow.
  3. Competitive Environment and Oversupply in Target Markets: The company's strategy focuses on acquiring retail properties in high-growth Sun Belt markets. However, the competitive landscape for acquisitions in these desirable regions may hinder InvenTrust Properties' ability to secure new deals. Furthermore, a significant increase in the supply of retail properties without a corresponding rise in demand in these geographically concentrated markets could lead to oversupply, negatively affecting property values and operating results.

AI Analysis | Feedback

The accelerating shift towards online grocery shopping and alternative fulfillment methods (such as expanded click-and-collect services and localized delivery hubs) represents an emerging threat. While InvenTrust Properties focuses on necessity-based, grocery-anchored centers, the increasing adoption of these alternative fulfillment models by consumers could reduce traditional in-store foot traffic and alter the long-term demand for existing large-format grocery footprints. This trend, if it continues to accelerate, could impact lease structures, tenant mix, and the overall appeal and value of properties designed around traditional grocery shopping patterns.

AI Analysis | Feedback

InvenTrust Properties Corp. (IVT) operates as a real estate investment trust (REIT) focused on owning, managing, and leasing high-quality open-air shopping centers, predominantly grocery-anchored and service-oriented retail properties in U.S. Sun Belt markets. The company's revenue is primarily derived from rental income. The addressable market for InvenTrust Properties' services is the U.S. retail real estate market, with a specific focus on grocery-anchored and necessity-based retail centers. The U.S. real estate market size was estimated at USD 130.02 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 4.1% from 2025 to 2030, reaching USD 172.13 billion by 2030. The U.S. commercial real estate market, which includes retail, was valued at USD 718.2 billion in 2024 and is expected to reach USD 991.7 billion by 2033, with a CAGR of 3.35% during 2025-2033. Within this broader market, grocery-anchored retail centers represent a significant and resilient segment. Investment in grocery-anchored retail properties in 2024 surpassed 2023 levels, with multi-tenant, grocery-anchored retail transactions totaling $7.0 billion, indicating strong investor interest. The U.S. grocery retail market, which drives foot traffic to these centers, is projected to grow at a CAGR of 3.1%, exceeding $1.5 trillion by 2027. Therefore, the addressable markets for InvenTrust Properties' main services are: * The U.S. retail real estate market. * The more specific segment of U.S. grocery-anchored and necessity-based retail centers.

AI Analysis | Feedback

InvenTrust Properties (IVT) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:

  1. Embedded Rent Escalations: A significant portion of InvenTrust's lease agreements includes built-in annual rent escalators. Over 90% of their renewal leases feature annual rent escalators of 3% or more, which management highlights as a powerful driver for sustainable Net Operating Income (NOI) growth. For instance, embedded rent escalations contributed 160 basis points to same-property NOI growth in Q3 2025.

  2. High Occupancy Rates and Occupancy Gains: The company consistently maintains high occupancy across its portfolio, with total lease occupancy at 97.2% and small shop lease occupancy at a strong 93.8% as of Q3 2025. Occupancy gains directly contributed 100 basis points to same-property NOI growth in the third quarter of 2025, demonstrating the positive impact of strong tenant demand and effective leasing strategies on revenue.

  3. Positive Rent Spreads on New and Renewal Leases: InvenTrust is achieving substantial rent increases on both new leases and renewals. In Q3 2025, new leases commanded a 25.6% spread, while renewals averaged 10.4%, resulting in a blended leasing spread of 11.5%. These strong spreads indicate the company's ability to capitalize on market demand and extract higher rental income from its properties.

  4. Strategic Acquisitions and Capital Redeployment in Sunbelt Markets: InvenTrust's strategy focuses on acquiring high-quality retail properties in fast-growing Sunbelt markets. The company actively redeploys capital, as seen with the sale of its California portfolio and subsequent reinvestment into Sunbelt regions like Asheville and Charlotte, North Carolina. This expansion into demographically robust markets with strong consumer fundamentals is expected to enhance overall portfolio value and drive revenue growth. In Q3 2025, the company completed four acquisitions totaling $250 million.

  5. Redevelopment of Existing Properties: Management has indicated that redevelopment activities contribute to same-property NOI growth. By strategically redeveloping and enhancing existing assets, InvenTrust can improve property appeal, attract higher-paying tenants, and ultimately increase rental income and property values within its portfolio.

AI Analysis | Feedback

Share Repurchases

  • InvenTrust Properties suspended its Share Repurchase Program (SRP) effective September 5, 2021.
  • Prior to the suspension, in June 2021, the company repurchased 7.56 million shares totaling $16.4 million.
  • A new share repurchase program for up to $150.0 million was established on February 23, 2022, but no common stock had been repurchased under this program as of September 30, 2025.

Share Issuance

  • On September 23, 2024, InvenTrust Properties priced an underwritten public offering of 8,000,000 shares of common stock at $28.00 per share, generating gross proceeds of $224.0 million.
  • The company granted underwriters an option to purchase up to an additional 1,200,000 shares in connection with this offering.
  • During the fourth quarter of 2024, InvenTrust raised $7.8 million in net proceeds by issuing 254,082 shares under an at-the-market (ATM) equity offering program.

Outbound Investments

  • In Q3 2025 (year-to-date), InvenTrust acquired eight centers for a gross of $355.6 million and disposed of assets for $306.2 million.
  • In June 2025, the company disposed of a portfolio of five California assets for approximately $306 million, with approximately $275 million of the proceeds allocated to acquisitions in Sun Belt markets.
  • Recent acquisitions include Carmel Village in Charlotte and Plaza Escondida in Tucson (Q2 2025), and Market at Mill Creek and Nexton Square in Charleston (Q4 2024).

Capital Expenditures

  • Total capital expenditures and leasing costs were $5.3 million for the three months ended March 31, 2025, and $5.9 million for the same period in 2024.
  • Capital expenditures were -$12.9 million in 2020, -$15.4 million in 2021, -$33.2 million in 2022, -$35.7 million in 2023, and -$36.1 million in 2024.
  • The primary focus of capital expenditures includes outparcel/pad redevelopments, common area enhancements, and anchor/small shop repositioning, with estimated completion years extending to 2026+.

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Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-0.1%-0.1%-5.8%

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Peer Comparisons for InvenTrust Properties

Peers to compare with:

Financials

IVTHPQHPEIBMCSCOAAPLMedian
NameInvenTru.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price28.5523.2624.49305.0978.16273.4053.35
Mkt Cap2.221.932.6284.9309.24,074.4158.8
Rev LTM29355,29534,29665,40257,696408,62556,496
Op Inc LTM533,6241,64411,54412,991130,2147,584
FCF LTM1092,80062711,85412,73396,1847,327
FCF 3Y Avg942,9781,40011,75313,879100,5037,366
CFO LTM1503,6972,91913,48313,744108,5658,590
CFO 3Y Avg1353,6723,89613,49814,736111,5598,697

Growth & Margins

IVTHPQHPEIBMCSCOAAPLMedian
NameInvenTru.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM9.6%3.2%13.8%4.5%8.9%6.0%7.4%
Rev Chg 3Y Avg8.3%-3.9%6.5%2.6%3.7%1.8%3.2%
Rev Chg Q8.7%4.2%14.4%9.1%7.5%9.6%8.9%
QoQ Delta Rev Chg LTM2.1%1.1%3.7%2.1%1.8%2.1%2.1%
Op Mgn LTM18.0%6.6%4.8%17.7%22.5%31.9%17.8%
Op Mgn 3Y Avg15.7%7.4%7.2%16.4%24.2%30.8%16.1%
QoQ Delta Op Mgn LTM-0.0%-0.2%-1.4%0.6%0.4%0.1%0.0%
CFO/Rev LTM51.1%6.7%8.5%20.6%23.8%26.6%22.2%
CFO/Rev 3Y Avg49.6%6.8%12.7%21.4%26.1%28.4%23.8%
FCF/Rev LTM37.1%5.1%1.8%18.1%22.1%23.5%20.1%
FCF/Rev 3Y Avg34.6%5.5%4.6%18.6%24.6%25.6%21.6%

Valuation

IVTHPQHPEIBMCSCOAAPLMedian
NameInvenTru.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap2.221.932.6284.9309.24,074.4158.8
P/S7.60.41.04.45.410.04.9
P/EBIT14.56.819.925.122.531.321.2
P/E18.78.6572.736.029.941.033.0
P/CFO14.85.911.221.122.537.518.0
Total Yield8.6%14.1%2.3%5.0%5.4%2.8%5.2%
Dividend Yield3.2%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg4.9%10.6%5.5%6.4%6.0%3.1%5.7%
D/E0.30.50.70.20.10.00.3
Net D/E0.30.30.60.20.00.00.2

Returns

IVTHPQHPEIBMCSCOAAPLMedian
NameInvenTru.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn0.0%-1.8%14.4%0.6%2.7%-1.5%0.3%
3M Rtn-1.5%-11.9%2.7%7.9%17.0%7.1%4.9%
6M Rtn5.3%-4.0%34.5%6.6%15.2%36.3%10.9%
12M Rtn-0.6%-27.0%16.2%40.5%34.5%7.5%11.8%
3Y Rtn36.6%-1.9%71.1%143.1%81.3%120.2%76.2%
1M Excs Rtn-1.5%-5.6%12.9%-2.2%-0.0%-3.7%-1.9%
3M Excs Rtn-5.8%-16.2%-1.7%3.6%12.7%2.8%0.6%
6M Excs Rtn-7.0%-16.3%22.3%-5.7%3.0%24.0%-1.3%
12M Excs Rtn-17.0%-42.9%-0.7%25.0%19.9%-8.4%-4.6%
3Y Excs Rtn-42.7%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Multi-tenant retail259    
Lease income, net 233207193221
Other fee income 3444
Other property income 1112
Total259237212198226


Price Behavior

Price Behavior
Market Price$28.55 
Market Cap ($ Bil)2.2 
First Trading Date07/10/2014 
Distance from 52W High-4.9% 
   50 Days200 Days
DMA Price$28.24$27.90
DMA Trendindeterminateindeterminate
Distance from DMA1.1%2.3%
 3M1YR
Volatility15.5%19.9%
Downside Capture1.9450.64
Upside Capture-5.6342.00
Correlation (SPY)5.7%54.8%
IVT Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta-0.050.130.190.440.580.67
Up Beta-0.680.240.530.730.590.68
Down Beta-0.250.240.140.300.680.68
Up Capture44%4%-0%31%33%32%
Bmk +ve Days13263974142427
Stock +ve Days10212961125377
Down Capture-6%7%23%47%67%88%
Bmk -ve Days7162452107323
Stock -ve Days8193160118365

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of IVT With Other Asset Classes (Last 1Y)
 IVTSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-1.0%2.7%17.8%72.1%8.6%4.4%-8.2%
Annualized Volatility19.8%16.8%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio-0.17-0.010.722.700.340.09-0.08
Correlation With Other Assets 74.1%54.9%-1.3%19.8%76.9%16.6%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of IVT With Other Asset Classes (Last 5Y)
 IVTSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return89.4%5.3%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility516.1%19.1%17.1%15.5%18.7%18.9%48.6%
Sharpe Ratio0.500.190.700.970.500.160.57
Correlation With Other Assets 6.5%1.7%1.5%0.7%6.6%-1.5%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of IVT With Other Asset Classes (Last 10Y)
 IVTSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return76.7%6.3%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility517.3%20.6%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.530.270.710.860.320.220.90
Correlation With Other Assets 6.5%1.1%1.3%0.7%6.6%-1.8%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity1,824,114
Short Interest: % Change Since 1130202522.4%
Average Daily Volume537,881
Days-to-Cover Short Interest3.39
Basic Shares Quantity77,615,993
Short % of Basic Shares2.4%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/28/2025-2.4%-2.4%1.1%
7/29/20250.3%-0.8%6.4%
4/30/20251.1%1.0%0.8%
2/11/20251.4%-1.1%-6.0%
10/29/20242.1%1.5%6.4%
7/31/2024-0.7%-2.2%3.9%
4/30/2024-0.2%-0.4%-4.2%
2/13/20240.5%1.4%-1.2%
...
SUMMARY STATS   
# Positive1168
# Negative6119
Median Positive1.4%1.4%6.3%
Median Negative-1.7%-1.9%-4.2%
Max Positive4.3%1.9%995.1%
Max Negative-4.7%-4.2%-8.8%

SEC Filings

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Report DateFiling DateFiling
93020251029202510-Q 9/30/2025
6302025730202510-Q 6/30/2025
3312025430202510-Q 3/31/2025
12312024213202510-K 12/31/2024
93020241029202410-Q 9/30/2024
6302024731202410-Q 6/30/2024
3312024501202410-Q 3/31/2024
12312023214202410-K 12/31/2023
93020231101202310-Q 9/30/2023
6302023801202310-Q 6/30/2023
3312023502202310-Q 3/31/2023
12312022221202310-K 12/31/2022
93020221102202210-Q 9/30/2022
6302022802202210-Q 6/30/2022
3312022503202210-Q 3/31/2022
12312021215202210-K 12/31/2021