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Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Debt | The following table summarizes the Company's debt as of December 31, 2024 and 2023:
|  |  | Interest Rate Type |  | As of December 31, 2024 |  | As of December 31, 2023
| Maturity Date |  |  | Interest Rate |  | Amount |  | Interest Rate |  | Amount
Mortgages Payable |  |  |  |  |  |  |  |  |  |  |
Fixed rate mortgages payable | Various |  | Fixed |  | 3.97% (a) |  | $ | 93,380 |  |  | 4.01% (a) |  | $ | 96,080 |
Variable rate mortgages payable (b) | N/A |  | Variable |  | N/A |  | — |  |  | 1M SOFR+ 1.65% (c) |  | 72,468 |
Total |  |  |  |  |  |  | 93,380 |  |  |  |  | 168,548 |
Term Loans |  |  |  |  |  |  |  |  |  |  |
$200.0 million 5 year | 9/22/26 |  | Fixed |  | 2.81% (d) |  | 100,000 |  |  | 2.81% (d) |  | 100,000 |
$200.0 million 5 year | 9/22/26 |  | Fixed |  | 2.81% (d) |  | 100,000 |  |  | 2.81% (d) |  | 100,000 |
$200.0 million 5.5 year | 3/22/27 |  | Fixed |  | 2.78% (d) |  | 50,000 |  |  | 2.77% (d) |  | 50,000 |
$200.0 million 5.5 year | 3/22/27 |  | Fixed |  | 2.84% (d) |  | 50,000 |  |  | 2.76% (d) |  | 50,000 |
$200.0 million 5.5 year | 3/22/27 |  | Fixed |  | 4.99% (d) |  | 100,000 |  |  | 4.99% (d) |  | 100,000 |
Total |  |  |  |  |  |  | 400,000 |  |  |  |  | 400,000 |
Senior Notes |  |  |  |  |  |  |  |  |  |  |
$150.0 million Series A Notes | 8/11/29 |  | Fixed |  | 5.07% |  | 150,000 |  |  | 5.07% |  | 150,000 |
$100.0 million Series B Notes | 8/11/32 |  | Fixed |  | 5.20% |  | 100,000 |  |  | 5.20% |  | 100,000 |
Total |  |  |  |  |  |  | 250,000 |  |  |  |  | 250,000 |
Revolving Line of Credit |  |  |  |  |  |  |  |  |  |  |
$500.0 million total capacity (e) | 1/15/29 |  | Variable |  | 1M SOFR + 1.15% (c)(f) |  | — |  |  | 1M SOFR + 1.14% (c)(f) |  | — |
Total debt |  |  |  |  | 4.03% |  | 743,380 |  |  | 4.29% |  | 818,548 |
Debt discounts and financing costs, net |  | (2,965) |  |  |  |  | (3,980) |
Debt, net |  |  |  |  |  |  | $ | 740,415 |  |  |  |  | $ | 814,568 |
(a)Interest rates reflect the weighted average of the Company's mortgages payable. (b)These mortgages payable were cross-collateralized by three properties and were extinguished on September 27, 2024. (c)As of December 31, 2024 and 2023, 1-Month Term SOFR was 4.33% and 5.35%, respectively. (d)Interest rates reflect the fixed rates achieved through the Company's interest rate swaps. (e)Prior to the third amendment, the total capacity on the Revolving Line of Credit was $350.0 million. (f)Interest rate applies to drawn balance only. Additional annual facility fee of 0.15% applies to entire line of credit capacity.
Schedule of Maturities for Outstanding Mortgage Indebtedness | The following table summarizes the scheduled maturities of the Company's mortgages payable as of December 31, 2024:
Scheduled maturities by year: | Principal Balance
2025 | $ | 35,880 |
2026 | — |
2027 | 26,000 |
2028 | — |
2029 | 31,500 |
Thereafter | — |
Total | $ | 93,380 |
Schedule of Interest Rate Swaps | The following table summarizes the Company's five effective interest rate swaps as of December 31, 2024:
Interest Rate Swaps |  | Effective Date |  | Termination Date |  | InvenTrust Receives |  | InvenTrust Pays Fixed Rate of |  | Fixed Rate Achieved |  | Notional Amount
5.5 Year Term Loan |  | 4/3/23 |  | 3/22/27 |  | 1-Month SOFR |  | 3.69% |  | 4.99% |  | $ | 100,000 |
5 Year Term Loan |  | 12/21/23 |  | 9/22/26 |  | 1-Month SOFR |  | 1.51% |  | 2.81% |  | 100,000 |
5 Year Term Loan |  | 12/21/23 |  | 9/22/26 |  | 1-Month SOFR |  | 1.51% |  | 2.81% |  | 100,000 |
5.5 Year Term Loan |  | 6/21/24 |  | 3/22/27 |  | 1-Month SOFR |  | 1.54% |  | 2.84% |  | 50,000 |
5.5 Year Term Loan |  | 6/21/24 |  | 3/22/27 |  | 1-Month SOFR |  | 1.48% |  | 2.78% |  | 50,000 |
|  |  |  |  |  |  |  |  |  |  |  | $ | 400,000 |
The following table summarizes the Company's five effective and two forward interest rate swaps as of December 31, 2023:
Interest Rate Swaps |  | Effective Date |  | Termination Date |  | InvenTrust Receives |  | InvenTrust Pays Fixed Rate of |  | Fixed Rate Achieved |  | Notional Amount
5.5 Year Term Loan |  | 12/2/19 |  | 6/21/24 |  | 1-Month SOFR |  | 1.47% |  | 2.77% |  | $ | 50,000 |
5.5 Year Term Loan |  | 12/2/19 |  | 6/21/24 |  | 1-Month SOFR |  | 1.46% |  | 2.76% |  | 50,000 |
5.5 Year Term Loan |  | 4/3/23 |  | 3/22/27 |  | 1-Month SOFR |  | 3.69% |  | 4.99% |  | 100,000 |
5 Year Term Loan |  | 12/21/23 |  | 9/22/26 |  | 1-Month SOFR |  | 1.51% |  | 2.81% |  | 100,000 |
5 Year Term Loan |  | 12/21/23 |  | 9/22/26 |  | 1-Month SOFR |  | 1.51% |  | 2.81% |  | 100,000 |
|  |  |  |  |  |  |  |  |  |  |  | $ | 400,000 |
5.5 Year Term Loan |  | 6/21/24 |  | 3/22/27 |  | 1-Month SOFR |  | 1.48% |  | 2.78% |  | $ | 50,000 |
5.5 Year Term Loan |  | 6/21/24 |  | 3/22/27 |  | 1-Month SOFR |  | 1.54% |  | 2.84% |  | 50,000 |
|  |  |  |  |  |  |  |  |  |  |  | $ | 100,000 |
Schedule of Effect of Derivative Financial Instruments Included in AOCI | The following table summarizes the effects of derivative financial instruments on the consolidated financial statements for the years ended December 31, 2024, 2023 and 2022:
Location and amount of gain recognized in accumulated comprehensive income |  | Location and amount of gain (loss) reclassified from accumulated comprehensive income into net income (loss) |  | Total interest expense presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded
| 2024 |  | 2023 |  | 2022 |  |  | 2024 |  | 2023 |  | 2022 |  |  | 2024 |  | 2023 |  | 2022
Unrealized gain on derivatives | $ | 9,019 |  |  | $ | 6,228 |  |  | $ | 32,052 |  |  | Interest expense, net | $ | 12,667 |  |  | $ | 14,875 |  |  | $ | 1,009 |  |  | Interest expense, net | $ | 37,100 |  |  | $ | 38,138 |  |  | $ | 26,777 |
Schedule of Location of Derivative Financial Instruments on Consolidated Financial Statements | The following table summarizes the effects of derivative financial instruments on the consolidated financial statements for the years ended December 31, 2024, 2023 and 2022:
Location and amount of gain recognized in accumulated comprehensive income |  | Location and amount of gain (loss) reclassified from accumulated comprehensive income into net income (loss) |  | Total interest expense presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded
| 2024 |  | 2023 |  | 2022 |  |  | 2024 |  | 2023 |  | 2022 |  |  | 2024 |  | 2023 |  | 2022
Unrealized gain on derivatives | $ | 9,019 |  |  | $ | 6,228 |  |  | $ | 32,052 |  |  | Interest expense, net | $ | 12,667 |  |  | $ | 14,875 |  |  | $ | 1,009 |  |  | Interest expense, net | $ | 37,100 |  |  | $ | 38,138 |  |  | $ | 26,777 |

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