IVT - InvenTrust Properties: A Shopping Center REIT With Strong Growth And Upside Potential

2024-07-02 08:00:00 ET

Summary

• The REIT sector likely to see an upside with potentially declining interest rates in September. Higher-quality ones like InvenTrust Properties will likely see further upside.
• InvenTrust Properties Corp. focuses on grocery-anchored shopping centers in the Sun Belt region in attractive markets like Austin, Miami, Houston, and Dallas.
• Strong earnings growth, attractive markets, solid balance sheet, and potential for stock price increase make IVT a buy.
• IVT has the lowest leverage among its peers and also an investment-grade credit rating from Fitch.
• The REIT raised both its earnings and same-store NOI guidance for 2024 as a result of their strong growth and pipeline.

Introduction

With interest rates likely to decline soon as many are projecting, the REIT sector will most likely see some nice upside as a result. Of course not all REITs will, but the higher-quality ones I think will definitely see a nice pop....

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