During these uncertain times, InvenTrust Properties (IVT) has increased the frequency of our communications to our investors as well as introduced new financial disclosures and key performance metrics to improve clarity into our financial performance. At IVT, we will continue to work hard for our shareholders. Our commitment is to continue our outreach to update our shareholders on our progress and performance.
The IVT Board announced the reinstatement of the share repurchase program for Qualifying shareholders beginning May 14, 2021. Full details of the plan can be found in the 8K dated April 12, 2021.
On December 21, 2020, IVT announced that starting April 2021, the Company’s dividend rate will increase 3%. This is our fifth consecutive year of a three percent increase in our annual rate. IVT also published our new estimated per share value of its common stock equal to $2.89 as of December 1, 2020. Please review the 8-K Filing Dated December 21, 2020 for additional information.