InvenTrust Increases Distribution Rate
The board of InvenTrust Properties Corp., a publicly registered non-traded real estate investment trust, has approved a three percent increase to the company’s distribution rate, according to a filing with the Securities and Exchange Commission.
The board of InvenTrust Properties Corp., a publicly registered non-traded real estate investment trust, has approved a three percent increase to the company’s distribution rate, according to a filing with the Securities and Exchange Commission.
Beginning with the company’s April 2018 quarterly distribution payment, stockholders will receive an annualized distribution rate of $0.0716 per share for 2018. The first quarter of 2018 cash distribution will equal $0.0179 per share, an increase over its previous quarterly distribution of $0.0174 per share.
InvenTrust Properties, formerly known as Inland American Real Estate Trust, focuses on open air retail centers in growth markets. The offering was declared effective in August 2005 and closed in April 2009 after raising $8.4 billion, according to Summit Investment Research. The company became a self-managed REIT in 2014 and oversees a $3.9 billion portfolio of 71 retail properties, as of the fourth quarter of 2017, according to Summit Investment Research.
