InvenTrust has updated its 2023 guidance, as summarized in the table below.
|
(Unaudited, dollars in thousands, except per share amounts) |
Current |
|
Previous |
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|
Net Income per diluted share (1) |
$0.06 |
— |
$0.11 |
|
$0.23 |
— |
$0.28 |
|
NAREIT FFO per diluted share (2) |
$1.64 |
— |
$1.69 |
|
$1.64 |
— |
$1.69 |
|
Core FFO per diluted share |
$1.59 |
— |
$1.64 |
|
$1.59 |
— |
$1.64 |
|
Same Property NOI (“SPNOI”) Growth |
3.50 % |
— |
5.00% |
|
3.50 % |
— |
5.00% |
|
General and administrative |
$31,250 |
— |
$32,750 |
|
$31,250 |
— |
$32,750 |
|
Interest expense, net (3) |
$34,500 |
— |
$35,500 |
|
$34,500 |
— |
$35,500 |
|
Adjustments for uncollectibility (4) |
50 bps |
— |
150 bps |
|
50 bps |
— |
150 bps |
|
Net investment activity (5) |
~ $150,000 |
|
~ $150,000 |
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