InvenTrust Properties Corp. reported its financial and operating results for the second quarter ended June 30, 2024. For the three months, the company posted a Net Income of $1.5 million, translating to $0.02 per diluted share. These figures provide a baseline for evaluating the company's profitability during the period.
The company's Same Property Net Operating Income (NOI) for the second quarter of 2024 stood at $40.667 million. This metric is crucial for understanding the performance of properties owned and operated throughout both current and prior periods, indicating underlying operational strength.
Furthermore, InvenTrust reported Nareit Funds From Operations (FFO) of $30.068 million, or $0.44 per diluted share, and Core FFO of $29.134 million, or $0.43 per diluted share. These non-GAAP measures offer additional insights into the company's operating performance, excluding certain non-cash items and gains or losses from property sales.
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