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InvenTrust shares drop as rising Treasury yields pressure REITs

InvenTrust Properties has fallen 16% over the past three months, after the 10-year Treasury yield moved above 4.5% into September.

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InvenTrust Properties, a REIT focused on Sun Belt strip centers, has seen its stock decline as investors react more to bond market moves than to its underlying property strategy, MarketBeat Ratings said.

The outlet linked the sell off to rising interest rates, noting the 10-year Treasury yield began pushing past 4.5% and rose further through September, a dynamic that typically weighs on rate sensitive REIT valuations.

Despite the stock pressure, MarketBeat Ratings said analysts still recommend the shares and pointed to continued strength in core FFO growth, high occupancy, and Sun Belt acquisitions.

The companys next earnings report is expected in late October, followed by a conference call with analysts, the outlet said, with the stock decline potentially offering a new entry point ahead of that update.

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