Filing Flows › InvenTrust Properties (IVT) › Q1 2025
InvenTrust Properties (IVT) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
InvenTrust Properties (IVT) reported revenue of $73.8M for the first quarter 2025 (Q1 2025), +10% from a year earlier and +4% from the quarter before. Operating margin was -10.5%, net earnings $6.8M (9.2% of revenue).
InvenTrust Properties, Q1 2025: revenue $73.8M (+10% year over year), operating margin -10.5%, net earnings $6.8M, operating cash flow $20.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $73.8M | +4% | +10% |
| Operating profit | −$7.7M | — | — |
| Net earnings | $6.8M | — | — |
| Operating cash flow | $20.2M | -45% | +36% |
| Free cash flow | $12.8M | -52% | +66% |
What changed
Revenue was $73.8M in Q1 2025, up 10% year over year and up 4% from the previous quarter.
Operating costs exceeded revenue by $7.7M, an operating margin of -10.5%. Total costs grew 8% against revenue growth of 10%. Net earnings were $6.8M, up 134% year over year. The effective tax rate was 0.0%. Non-operating items added $14.5M, 214% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $20.2M (up 36% year over year), 297% of net earnings. Non-cash charges added back $30.6M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $20.0M. Capital expenditures of $7.4M left free cash flow of $12.8M.
Questions
What was InvenTrust Properties' revenue in the first quarter 2025?
InvenTrust Properties (IVT) reported revenue of $73.8M for the first quarter 2025 (Q1 2025), +10% from a year earlier and +4% from the quarter before.
Was InvenTrust Properties profitable in the first quarter 2025?
Operating loss was $7.7M (-10.5% of revenue) and net earnings $6.8M.