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Debt (Tables)

12 Months Ended

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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