InvenTrust Will Not Publish Updated NAV Per Share Due to Coronavirus Uncertainty
InvenTrust Properties Corp., a publicly registered non-traded real estate investment trust formerly known as Inland American Real Estate Trust, will not publish an estimated net asset value per share of its common stock in May of 2020.
InvenTrust Properties Corp., a publicly registered non-traded real estate investment trust formerly known as Inland American Real Estate Trust, will not publish an estimated net asset value per share of its common stock in May of 2020 due to increased uncertainty related to the financial impact of the coronavirus (COVID-19).
InvenTrust’s previously NAV per share value was $3.14 as of May 1, 2019.
The company said that it will continue to monitor and evaluate the situation and will update stockholders regarding the valuation “when it is better able to assess the financial impact of COVID-19 on its assets and business.”
InvenTrust Properties, formerly known as Inland American Real Estate Trust, focuses on acquiring grocery-anchored open-air centers in in Sun Belt growth markets. The offering was declared effective in August 2005, and the company became a self-managed REIT in 2014, overseeing a multi-billion-dollar portfolio of 65 retail properties, representing 10.9 million square feet of retail space, as of December 31, 2019.
