Inventrust Properties Corp. (IVT) saw its stock surge 22.68% in pre-market trading on Wednesday, following the release of strong fourth-quarter 2024 earnings results and an announced dividend increase.
The real estate investment trust reported better-than-expected financial performance for the quarter ended December 31, 2024. Adjusted earnings per share came in at $0.13, surpassing analysts' estimates of $0.05. Additionally, total revenue of $71.23 million exceeded the consensus forecast of $69.69 million.
Inventrust Properties also provided an upbeat outlook for 2025, projecting core funds from operations (FFO) in the range of $1.79 to $1.83 per diluted share. This guidance was in line with analysts' expectations of $1.79.
Fueling further investor optimism, the company's board of directors approved a 5% increase in the quarterly dividend, raising it to $0.2377 per share. The higher dividend payment, set to begin in April 2025, underscores Inventrust's confidence in its future cash flow generation capabilities.
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