InvenTrust Properties Corp., formerly Inland American, became self-managed in March of 2014 after separating from its sponsor. It has expanded its corporate infrastructure with important senior level hires and upgraded technology, processes and systems so that it is a fully independent company. We are focused on bringing high energy and active management to our open air retail centers and student housing properties as we implement our step-by-step strategic plan to create high-performing platforms positioned for value creation. We are distinguishing ourselves in the multi-tenant retail business by expanding in our target cities that are characterized by job growth, wage growth, population growth, with high traffic patterns and where supply is limited. Our retail strategy is to work in partnership with our realtors to build successful, engaged communities. We are also expanding our student housing platform through the development of best-in-class, purpose built properties and tactical acquisitions, building a portfolio with strong sector metrics. We expect 2015 to be a year in which we continue to move our strategy forward with excellent balance sheet management and thoughtful capital allocations.
Book value is the most recently published total shareholders' equity divided by shares outstanding.
Historic dividend is the recent amount paid by a non-traded public REIT to its shareholders. Dividends are typically distributed quarterly and are subject to adjustment at each distribution period.
FFO is a financial calculcation that is widely recognized in the REIT industry as a measure of operating performance, or cash flow. FFO is defined by the National Association of Real Estate Investment Trusts (“NAREIT”) as net income (loss) computed in accordance with GAAP, excluding gains or losses from sales of property, plus depreciation and amortization on real estate assets, and after adjustments for unconsolidated partnerships and joint ventures. FFO was developed by NAREIT as a measure of performance to recognize that income-producing real estate has historically not depreciated consistent with the basis as determined under GAAP.
|Date Sold||No. of Shares||Price per Share|
|Jan 25, 2017||4,010.657||US $1.50|
|Oct 26, 2016||1,400.000||US $1.51|
|Oct 26, 2016||5,340.000||US $1.50|
|Oct 12, 2016||3,300.848||US $1.50|
|Oct 5, 2016||2,000.000||US $1.53|
|Sep 7, 2016||689.708||US $1.54|
|Aug 31, 2016||2,038.613||US $1.50|
|Aug 31, 2016||1,129.000||US $1.52|
|Aug 31, 2016||3,116.117||US $1.50|
|Aug 31, 2016||2,876.667||US $1.60|