$32.93
+1.1%InvenTrust Properties Corp. is a premier multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood centers, and select power centers that often have a grocery component, predominantly in Sun Belt markets with favorable demographics. We seek to continue to execute our strategy to enhance our multi-tenant retail platform by further investing in grocery-anchored centers with essential retail in our current markets, while exhibiting focused and disciplined capital allocation.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $171.0M | $188.3M | $207.2M | $228.0M | $251.0M | $276.2M | $304.0M | $334.5M | $368.2M | $405.2M |
| Maintenance CapEx | -$9.8M | -$10.8M | -$11.9M | -$13.1M | -$14.4M | -$15.8M | -$17.4M | -$19.2M | -$21.1M | -$23.2M |
| Owner Earnings | $161.2M | $177.5M | $195.3M | $215.0M | $236.6M | $260.4M | $286.6M | $315.4M | $347.1M | $382.0M |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $149.3M | $152.1M | $155.0M | $158.0M | $161.0M | $164.1M | $167.2M | $170.4M | $173.6M | $176.9M |
Snapshot
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Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
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Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.