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Business Wire
12-06-2025
- Business
- Business Wire
InvenTrust Properties Corp. Announces California Portfolio Sale and Strategic Reinvestment into Sun Belt Markets
DOWNERS GROVE, III.--(BUSINESS WIRE)--InvenTrust Properties Corp. ('InvenTrust' or the 'Company') (NYSE: IVT) today announced the successful disposition of a portfolio comprising five California assets for approximately $306 million. 'This transaction is a testament to our team's unwavering focus on portfolio optimization and strategic capital allocation,' said DJ Busch, President and CEO of InvenTrust Properties. 'Rotating capital from California has been a strategic objective for some time. We believe that simplification and portfolio concentration in growth-oriented Sun Belt markets where we have been actively investing will further create long-term value for IVT shareholders.' Busch continued, 'Approximately $275 million of the proceeds are allocated to acquisitions that have closed (approx. $70 million), are under contract, or have been awarded demonstrating our ability to redeploy capital in an effective, yet disciplined manner. Our pipeline remains strong, and we are confident that we will meet our net acquisition guidance of $100 million for the year.' The proceeds from this sale will be reinvested into key Sun Belt markets such as Atlanta, Charleston, Phoenix, Central Florida, Richmond and San Antonio. These MSAs have consistently demonstrated robust economic fundamentals and population growth. InvenTrust intends to continue to pursue new opportunities to grow its Sun Belt portfolio and further leverage the Company's strong operational platform and capital structure. The Company has one remaining asset in California which is slated to be disposed of by the end of the year. All transaction activity highlighted was fully contemplated in initial guidance provided by the Company in February 2025. Additional transactional updates and operating results will be discussed on the second quarter earnings conference call. California Disposition Assets About InvenTrust Properties Corp. InvenTrust Properties Corp. ('we,' the 'Company,' 'our,' 'us,' 'IVT' or 'InvenTrust') is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component. We pursue our business strategy by acquiring retail properties in Sun Belt markets, opportunistically disposing of retail properties, and maintaining a flexible capital structure. A trusted, local operator bringing real estate expertise to its tenant relationships, IVT has built a strong reputation with market participants across its portfolio. Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements are not historical facts but are based on certain assumptions of management and describe the Company's future plans, strategies and expectations. Forward-looking statements are generally identifiable by use of words such as 'may,' 'could,' 'expect,' 'intend,' 'plan,' 'seek,' 'anticipate,' 'believe,' 'estimate,' 'guidance,' 'predict,' 'potential,' 'continue,' 'likely,' 'will,' 'would,' 'illustrative' and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include, among others, statements about the anticipated portfolio optimization, expected value from strategic capital allocations to the Sun Belt markets, disposition of the last remaining California asset and the related timing of such disposition, and the Company's ability to meet its net acquisition guidance. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements, which are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company's control and which could materially affect actual results, performances or achievements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, growth in the Sun Belt markets, the Company's capital structure, and the risk factors discussed in the Company's Annual Report on Form 10-K, as updated in its Quarterly Reports. Accordingly, there is no assurance that the Company's expectations will be realized. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We do not undertake or assume any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
Yahoo
29-05-2025
- Business
- Yahoo
Virtu Financial Announces Transfer of Listing of Common Stock to the New York Stock Exchange
NEW YORK, May 29, 2025 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT) ('Virtu Financial' or 'Virtu') a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the entire investment cycle to the global markets, today announced plans to transfer the listing of its Class A Common Stock ('Common Stock') to the New York Stock Exchange ('NYSE') from the Nasdaq Stock Market LLC. Virtu expects the listing of its Common Stock on Nasdaq to cease on June 16, 2025, and the listing of its Common Stock on the NYSE (NYSE: VIRT) to begin on June 17, 2025. 'We are excited to begin this next chapter of Virtu's journey on the New York Stock Exchange and we look forward to joining today's most respected and innovative companies on the world's largest stock exchange,' said Mr. Douglas A. Cifu, Chief Executive Officer of Virtu Financial. 'This move reflects our continued commitment to transparency, excellence, and long-term value creation for our shareholders. We look forward to deepening our relationships with investors and leveraging the NYSE's unique platform as we continue to grow and lead in global financial markets. We want to thank Nasdaq for the partnership and support they have provided since our initial public offering 10 years ago.' 'We are honored to welcome Virtu Financial to our community of innovators, entrepreneurs and market leaders at the New York Stock Exchange,' said Lynn Martin, President of NYSE Group. 'The deepest, most transparent and most liquid pool of capital that exists in this world is the U.S. capital market, and as a prominent liquidity provider, Virtu plays a critical role in the price formation process. Virtu has been a long and important partner to the NYSE over many years and we are thrilled to welcome them as an NYSE-listed company.' About Virtu Financial, is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu's product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu's integrated, multi-asset analytics platform provides a range of pre- intra- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets. Cautionary Note Regarding Forward-Looking StatementsThis Current Report on Form 8-K may contain 'forward-looking statements' made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including those related to the anticipated transfer of the primary listing of the Common Stock to the NYSE. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved. Virtu Financial assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, and if Virtu Financial does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect thereto or with respect to other forward-looking statements. Forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties, some or all of which are not predictable or within Virtu Financial's control, that could cause actual performance or results to differ materially from those expressed in the statements. Those risks and uncertainties include, without limitation, risks relating to the anticipated transfer of the primary listing of the Common Stock to the NYSE. For a discussion of additional risks and uncertainties which could cause actual results to differ from those contained in forward-looking statements, see Virtu Financial's Securities and Exchange Commission (the 'SEC') filings, including but not limited to Virtu Financial's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC. Contact: Investor Relations and Media RelationsAndrew Smithmedia@ in to access your portfolio
