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v3.25.3

Debt (Tables) | 9 Months Ended
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Sep. 30, 2025
Notes and Loans Payable [Abstract] |
Schedule of Debt | The following table summarizes the Company's debt as of September 30, 2025 and December 31, 2024:
|  |  |  |  | As of September 30, 2025 |  | As of December 31, 2024
| Maturity |  | Rate Type |  | Interest Rate |  | Amount |  | Interest Rate |  | Amount
Mortgages Payable |  |  |  |  |  |  |  |  |  |  |
Total mortgages payable | Various |  | Fixed |  | 4.18% (a) |  | $ | 110,424 |  |  | 3.97% (a) |  | $ | 93,380 |
Term Loan |  |  |  |  |  |  |  |  |  |  |
$200.0 million 5 year | Aug-30 |  | Fixed |  | 2.66% (b) |  | 100,000 |  |  | 2.81% (b) |  | 100,000 |
$200.0 million 5 year | Aug-30 |  | Fixed |  | 2.66% (b) |  | 100,000 |  |  | 2.81% (b) |  | 100,000 |
$200.0 million 5.5 year | Feb-31 |  | Fixed |  | 2.63% (c) |  | 50,000 |  |  | 2.78% (b) |  | 50,000 |
$200.0 million 5.5 year | Feb-31 |  | Fixed |  | 2.69% (c) |  | 50,000 |  |  | 2.84% (b) |  | 50,000 |
$200.0 million 5.5 year | Feb-31 |  | Fixed |  | 4.84% (c) |  | 100,000 |  |  | 4.99% (b) |  | 100,000 |
Total |  |  |  |  |  |  | 400,000 |  |  |  |  | 400,000 |
Senior Notes |  |  |  |  |  |  |  |  |  |  |
$150.0 million Series A Notes | Aug-29 |  | Fixed |  | 5.07% |  | 150,000 |  |  | 5.07% |  | 150,000 |
$100.0 million Series B Notes | Aug-32 |  | Fixed |  | 5.20% |  | 100,000 |  |  | 5.20% |  | 100,000 |
Total |  |  |  |  |  |  | 250,000 |  |  |  |  | 250,000 |
Revolving Line of Credit |  |  |  |  |  |  |  |  |  |  |
$500.0 million total capacity | Jan-29 |  | Variable |  | 1M SOFR + 1.05% (d)(e) |  | — |  |  | 1M SOFR + 1.15% (d)(e) |  | — |
Total secured and unsecured debt |  |  |  |  | 3.98% |  | 760,424 |  |  | 4.03% |  | 743,380 |
Finance Lease Liability |  |  |  |  |  |  |  |  |  |  |
West Ashley Station Ground Lease | Jan-92 |  | N/A |  | N/A |  | 11,033 |  |  | N/A |  | N/A
Debt discounts and financing costs, net |  |  |  |  |  | (6,885) |  |  |  |  | (2,965) |
Debt, net |  |  |  |  |  |  | $ | 764,572 |  |  |  |  | $ | 740,415 |
(a)Interest rates reflect the weighted average of the Company's mortgages payable. (b)Interest rates reflect the fixed rates achieved through the Company's effective interest rate swaps terminating on September 22, 2026, at which point the fixed interest rate will become 4.50%. (c)Interest rates reflect the fixed rates achieved through the Company's effective interest rate swaps terminating on March 22, 2027, at which point the weighted average fixed interest rate will become 4.58%. (d)As of September 30, 2025 and December 31, 2024, 1-Month Term SOFR was 4.13% and 4.33%, respectively. (e)Interest rate applies to drawn balance only. An additional annual facility fee of 0.15% applies to entire line of credit capacity.
Schedule of Payments And Maturities of the Debt | The following table summarizes the scheduled payments and maturities of the Company's debt as of September 30, 2025:
Scheduled maturities by year: | Mortgage Payments |  | Mortgage Maturities |  | Term Loan & Senior Notes |  | Total
Remaining 2025 | $ | 189 |  |  | $ | 22,880 |  |  | $ | — |  |  | $ | 23,069 |
2026 | 773 |  |  | — |  |  | — |  |  | 773 |
2027 | 810 |  |  | 26,000 |  |  | — |  |  | 26,810 |
2028 | 495 |  |  | 21,321 |  |  | — |  |  | 21,816 |
2029 | 449 |  |  | 31,500 |  |  | 150,000 |  |  | 181,949 |
Thereafter | 154 |  |  | 5,853 |  |  | 500,000 |  |  | 506,007 |
Total | $ | 2,870 |  |  | $ | 107,554 |  |  | $ | 650,000 |  |  | $ | 760,424 |
Finance lease liability |  |  |  |  |  |  | 11,033 |
Debt discounts and financing costs, net |  |  |  |  |  |  | (6,885) |
Total Debt, net |  |  |  |  |  |  | $ | 764,572 |
Schedule of Interest Rate Swaps | The following table summarizes the Company's effective interest rate swaps as of September 30, 2025:
Effective Interest Rate Swaps |  | Effective Date |  | Termination Date |  | InvenTrust Receives |  | InvenTrust Pays Fixed Rate of |  | Fixed Rate Achieved (a) |  | Notional Amount
5.5 year Term Loan |  | 4/3/23 |  | 3/22/27 |  | 1-Month SOFR |  | 3.69% |  | 4.84% |  | $ | 100,000 |
5 year Term Loan |  | 12/21/23 |  | 9/22/26 |  | 1-Month SOFR |  | 1.51% |  | 2.66% |  | 100,000
5 year Term Loan |  | 12/21/23 |  | 9/22/26 |  | 1-Month SOFR |  | 1.51% |  | 2.66% |  | 100,000
5.5 year Term Loan |  | 6/21/24 |  | 3/22/27 |  | 1-Month SOFR |  | 1.54% |  | 2.69% |  | 50,000
5.5 year Term Loan |  | 6/21/24 |  | 3/22/27 |  | 1-Month SOFR |  | 1.48% |  | 2.63% |  | 50,000
|  |  |  |  |  |  |  | $ | 400,000 |
(a)Interest rates reflect the Company's current credit spread of 1.15%. The following table summarizes the Company's forward-starting interest rate swaps as of September 30, 2025:
Forward-Starting Interest Rate Swaps |  | Effective Date |  | Termination Date |  | InvenTrust Receives |  | InvenTrust Pays Fixed Rate of |  | Fixed Rate Achieved (a) |  | Notional Amount |  |
5 year Term Loan |  | 9/22/26 |  | 8/26/30 |  | Daily SOFR |  | 3.35% |  | 4.50% |  | $ | 100,000 |  |  |
5 year Term Loan |  | 9/22/26 |  | 8/26/30 |  | Daily SOFR |  | 3.35% |  | 4.50% |  | 100,000 |  |
5.5 year Term Loan |  | 3/22/27 |  | 2/24/31 |  | Daily SOFR |  | 3.42% |  | 4.57% |  | 100,000 |  |
5.5 year Term Loan |  | 3/22/27 |  | 2/24/31 |  | Daily SOFR |  | 3.43% |  | 4.58% |  | 100,000 |  |
|  |  |  |  |  |  |  | $ | 400,000 |  |  |
(a)Interest rates reflect the Company's current credit spread of 1.15%.

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