2020 Q3 Form 10-Q Financial Statement

#000130774820000112 Filed on November 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $52.55M $58.17M $57.19M
YoY Change -9.67% -3.2% -6.99%
Cost Of Revenue $15.62M $17.30M $16.10M
YoY Change -9.73% 2.37% -11.05%
Gross Profit $36.93M $40.70M $41.20M
YoY Change -9.27% -5.79% -5.07%
Gross Profit Margin 70.28% 69.97% 72.04%
Selling, General & Admin $10.11M $8.400M $8.900M
YoY Change 20.31% -12.5% 2.3%
% of Gross Profit 27.37% 20.64% 21.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $66.70M $24.20M $24.70M
YoY Change 175.61%
% of Gross Profit 180.61% 59.46% 59.95%
Operating Expenses $47.89M $49.92M $49.68M
YoY Change -4.06% -11.24% -0.86%
Operating Profit -$2.975M $16.85M -$1.341M
YoY Change -117.66% 228.06% -111.24%
Interest Expense $4.594M $6.077M $5.627M
YoY Change -24.4% 2.07% -12.77%
% of Operating Profit 36.07%
Other Income/Expense, Net $244.0K
YoY Change
Pretax Income $1.677M $25.03M $6.422M
YoY Change -93.3% 178.38% -72.45%
Income Tax $100.0K $144.0K
% Of Pretax Income 0.4% 2.24%
Net Earnings $1.677M $24.93M -$5.722M
YoY Change -93.27% 178.6% -124.7%
Net Earnings / Revenue 3.19% 42.85% -10.01%
Basic Earnings Per Share $0.02
Diluted Earnings Per Share $0.02 $0.34 -$0.07
COMMON SHARES
Basic Shares Outstanding 71.95M shares 728.7M shares 728.7M shares
Diluted Shares Outstanding 72.01M shares 729.5M shares 729.3M shares

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $326.0M $114.0M $147.0M
YoY Change 185.96% -28.18% -21.42%
Cash & Equivalents $326.0M $113.8M $146.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $28.62M $28.00M $27.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $354.6M $142.0M $174.0M
YoY Change 149.73% -23.24% -17.92%
LONG-TERM ASSETS
Property, Plant & Equipment $1.935B $2.108B $2.043B
YoY Change -8.2% 3.69% -2.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $116.7M $120.0M $122.0M
YoY Change -2.75% -36.84% -35.79%
Other Assets $22.95M $5.000M $6.000M
YoY Change 359.08% -89.8% -87.5%
Total Long-Term Assets $2.174B $2.378B $2.305B
YoY Change -8.58% -0.03% -5.75%
TOTAL ASSETS
Total Short-Term Assets $354.6M $142.0M $174.0M
Total Long-Term Assets $2.174B $2.378B $2.305B
Total Assets $2.529B $2.520B $2.479B
YoY Change 0.34% -1.71% -6.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.62M $38.00M $34.00M
YoY Change -3.63% -17.39% 9.68%
Accrued Expenses $2.110M $2.000M $2.000M
YoY Change 5.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $52.37M $53.00M $49.00M
YoY Change -1.18% -10.17% 8.89%
LONG-TERM LIABILITIES
Long-Term Debt $656.0M $574.0M $550.0M
YoY Change 14.28% -2.71% -6.78%
Other Long-Term Liabilities $70.84M $71.00M $68.00M
YoY Change -0.23% 4.41% -5.56%
Total Long-Term Liabilities $726.8M $645.0M $618.0M
YoY Change 12.68% -1.98% -6.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $52.37M $53.00M $49.00M
Total Long-Term Liabilities $726.8M $645.0M $618.0M
Total Liabilities $779.2M $699.2M $668.4M
YoY Change 11.44% -2.43% -5.53%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $719.0K $729.0K $729.0K
YoY Change -1.37% 0.14% -5.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.749B $1.821B $1.811B
YoY Change
Total Liabilities & Shareholders Equity $2.529B $2.520B $2.479B
YoY Change 0.34% -1.71% -6.72%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $1.677M $24.93M -$5.722M
YoY Change -93.27% 178.6% -124.7%
Depreciation, Depletion And Amortization $66.70M $24.20M $24.70M
YoY Change 175.61%
Cash From Operating Activities $69.91M $33.20M $31.50M
YoY Change 110.56% -8.79% -17.11%
INVESTING ACTIVITIES
Capital Expenditures -$40.77M $209.6M $53.50M
YoY Change -119.45% 1288.08% -64.36%
Acquisitions
YoY Change
Other Investing Activities $4.282M $134.0M $23.50M
YoY Change -96.8% 110.36% -59.9%
Cash From Investing Activities -$36.49M -$75.70M -$30.00M
YoY Change -51.8% -255.76% -67.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 33.08M 8.500M -27.30M
YoY Change 289.16% -107.51% -16.0%
NET CHANGE
Cash From Operating Activities 69.91M 33.20M 31.50M
Cash From Investing Activities -36.49M -75.70M -30.00M
Cash From Financing Activities 33.08M 8.500M -27.30M
Net Change In Cash 66.50M -34.00M -25.80M
YoY Change -295.58% 20.57% -70.0%
FREE CASH FLOW
Cash From Operating Activities $69.91M $33.20M $31.50M
Capital Expenditures -$40.77M $209.6M $53.50M
Free Cash Flow $110.7M -$176.4M -$22.00M
YoY Change -162.74% -928.17% -80.37%

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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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343000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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1202000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
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2695000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
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22996000 USD
us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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6600000 USD
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CY2019Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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432000 USD
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397000 USD
CY2019Q1 us-gaap Stockholders Equity
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CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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427000 USD
CY2019Q2 us-gaap Dividends
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1195000 USD
CY2019Q2 us-gaap Stockholders Equity
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CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
343000 USD
CY2019Q3 us-gaap Dividends
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CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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658000 USD
CY2019Q3 us-gaap Stockholders Equity
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CY2019Q4 us-gaap Stockholders Equity
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1819601000 USD
CY2020Q1 us-gaap Net Income Loss
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-14141000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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145000 USD
CY2020Q1 us-gaap Dividends
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CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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201000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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CY2020Q1 us-gaap Stockholders Equity
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CY2020Q2 us-gaap Net Income Loss
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CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Investment Transferred From Available For Sale To Equity Method After Tax
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CY2020Q2 us-gaap Dividends
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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1314000 USD
CY2020Q2 us-gaap Stock Repurchased During Period Value
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CY2020Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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136000 USD
CY2020Q2 us-gaap Stockholders Equity
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CY2020Q3 us-gaap Net Income Loss
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CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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CY2020Q3 ivtp Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Including Investment In Joint Venture Reclassificationafter Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossIncludingInvestmentInJointVentureReclassificationafterTax
-1016000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Investment Transferred From Available For Sale To Equity Method After Tax
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CY2020Q3 us-gaap Dividends
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13642000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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843000 USD
CY2020Q3 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Depreciation Depletion And Amortization
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66697000 USD
us-gaap Depreciation Depletion And Amortization
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71807000 USD
us-gaap Amortization Of Above And Below Market Leases
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-5763000 USD
us-gaap Amortization Of Above And Below Market Leases
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-4546000 USD
us-gaap Amortization Of Debt Discount Premium
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1388000 USD
us-gaap Amortization Of Debt Discount Premium
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1279000 USD
us-gaap Straight Line Rent
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us-gaap Straight Line Rent
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us-gaap Contract With Customer Receivable Credit Loss Expense Reversal
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us-gaap Contract With Customer Receivable Credit Loss Expense Reversal
ContractWithCustomerReceivableCreditLossExpenseReversal
869000 USD
ivtp Provisionfor Asset Impairment
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9002000 USD
ivtp Provisionfor Asset Impairment
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2359000 USD
us-gaap Gain Loss On Sale Of Properties
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668000 USD
us-gaap Gain Loss On Sale Of Properties
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32443000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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-2901000 USD
ivtp Income Lossfrom Equity Method Investments Net
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1591000 USD
ivtp Income Lossfrom Equity Method Investments Net
IncomeLossfromEquityMethodInvestmentsNet
-48000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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3399000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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us-gaap Allocated Share Based Compensation Expense
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3546000 USD
us-gaap Allocated Share Based Compensation Expense
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3454000 USD
ivtp Provisionfor Indemnification Claims
ProvisionforIndemnificationClaims
0 USD
ivtp Provisionfor Indemnification Claims
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25500000 USD
us-gaap Increase Decrease In Accounts Receivable
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6994000 USD
us-gaap Increase Decrease In Accounts Receivable
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1555000 USD
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1116000 USD
us-gaap Increase Decrease In Other Operating Assets
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2175000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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5109000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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5636000 USD
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us-gaap Increase Decrease In Other Operating Liabilities
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139000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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69906000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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86189000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
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30309000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
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329493000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2068000 USD
us-gaap Payments To Acquire Intangible Assets
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29602000 USD
us-gaap Payments For Capital Improvements
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8644000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
14861000 USD
us-gaap Payments To Develop Real Estate Assets
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1817000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
5658000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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5791000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
183588000 USD
ivtp Payment Dueto Indemnification Claims Relatedtothe Saleof Investment Properties
PaymentDuetoIndemnificationClaimsRelatedtotheSaleofInvestmentProperties
0 USD
ivtp Payment Dueto Indemnification Claims Relatedtothe Saleof Investment Properties
PaymentDuetoIndemnificationClaimsRelatedtotheSaleofInvestmentProperties
30000000 USD
us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
0 USD
us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
30000000 USD
ivtp Increase Decreasein Lease Acquisition Costsand Franchise Fees
IncreaseDecreaseinLeaseAcquisitionCostsandFranchiseFees
436000 USD
ivtp Increase Decreasein Lease Acquisition Costsand Franchise Fees
IncreaseDecreaseinLeaseAcquisitionCostsandFranchiseFees
3864000 USD
us-gaap Proceeds From Sale Of Other Productive Assets
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2738000 USD
us-gaap Proceeds From Sale Of Other Productive Assets
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477000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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1743000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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239000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Payments For Repurchase Of Common Stock
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5201000 USD
us-gaap Payments For Repurchase Of Common Stock
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0 USD
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
185000 USD
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
0 USD
us-gaap Payments Of Dividends
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40572000 USD
us-gaap Payments Of Dividends
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39842000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
150000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
118000000 USD
us-gaap Repayments Of Other Long Term Debt
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67349000 USD
us-gaap Repayments Of Other Long Term Debt
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us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
2504000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
2692000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1122000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1382000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
283000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
343000 USD
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
75000 USD
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
273000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
33079000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
66497000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
260748000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
264853000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
327245000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
118817000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
325989000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
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CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5032000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
327245000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
118817000 USD
us-gaap Interest Paid Capitalized
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5000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
89000 USD
us-gaap Interest Paid Net
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us-gaap Interest Paid Net
InterestPaidNet
16089000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
913000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
504000 USD
ivtp Cashor Part Noncash Distributions Payable
CashorPartNoncashDistributionsPayable
13642000 USD
ivtp Cashor Part Noncash Distributions Payable
CashorPartNoncashDistributionsPayable
13408000 USD
CY2020Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2239000 USD
CY2019Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
732000 USD
ivtp Noncashor Part Noncash Accrued Investmentin Development Projects
NoncashorPartNoncashAccruedInvestmentinDevelopmentProjects
28000 USD
ivtp Noncashor Part Noncash Accrued Investmentin Development Projects
NoncashorPartNoncashAccruedInvestmentinDevelopmentProjects
300000 USD
ivtp Cashor Part Non Cash Accrued Lease Commissionsand Other Leasing Costs
CashorPartNonCashAccruedLeaseCommissionsandOtherLeasingCosts
203000 USD
ivtp Cashor Part Non Cash Accrued Lease Commissionsand Other Leasing Costs
CashorPartNonCashAccruedLeaseCommissionsandOtherLeasingCosts
232000 USD
ivtp Noncashor Part Noncash Capitalized Costs
NoncashorPartNoncashCapitalizedCosts
6369000 USD
ivtp Noncashor Part Noncash Capitalized Costs
NoncashorPartNoncashCapitalizedCosts
7950000 USD
ivtp Reclassification Of Registration Costs To Stock Issuance Costs
ReclassificationOfRegistrationCostsToStockIssuanceCosts
278000 USD
ivtp Reclassification Of Registration Costs To Stock Issuance Costs
ReclassificationOfRegistrationCostsToStockIssuanceCosts
0 USD
ivtp Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Property Plantand Equipment Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedPropertyPlantandEquipmentNet
30515000 USD
ivtp Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Property Plantand Equipment Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedPropertyPlantandEquipmentNet
332449000 USD
ivtp Acquisition Accounts Receivable Acquired Lease Intangiblesand Deferred Costsand Other Assets
AcquisitionAccountsReceivableAcquiredLeaseIntangiblesandDeferredCostsandOtherAssets
3770000 USD
ivtp Acquisition Accounts Receivable Acquired Lease Intangiblesand Deferred Costsand Other Assets
AcquisitionAccountsReceivableAcquiredLeaseIntangiblesandDeferredCostsandOtherAssets
37103000 USD
ivtp Acquisition Accounts Payable Acquired Lease Intangiblesand Other Liabilities
AcquisitionAccountsPayableAcquiredLeaseIntangiblesandOtherLiabilities
1908000 USD
ivtp Acquisition Accounts Payable Acquired Lease Intangiblesand Other Liabilities
AcquisitionAccountsPayableAcquiredLeaseIntangiblesandOtherLiabilities
10457000 USD
ivtp Cash Outflowfor Purchaseof Investment Properties
CashOutflowforPurchaseofInvestmentProperties
32377000 USD
ivtp Cash Outflowfor Purchaseof Investment Properties
CashOutflowforPurchaseofInvestmentProperties
359095000 USD
ivtp Asset Acquisition Transaction Costs Capitalized Duringthe Period
AssetAcquisitionTransactionCostsCapitalizedDuringthePeriod
63000 USD
ivtp Asset Acquisition Transaction Costs Capitalized Duringthe Period
AssetAcquisitionTransactionCostsCapitalizedDuringthePeriod
2334000 USD
ivtp Creditsand Other Changesin Cash Outflow Net
CreditsandOtherChangesinCashOutflowNet
890000 USD
ivtp Creditsand Other Changesin Cash Outflow Net
CreditsandOtherChangesinCashOutflowNet
9003000 USD
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
33204000 USD
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
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ivtp Disposition Recognized Identifiable Assetsand Liabilities Disposed Property Plantand Equipment Net
DispositionRecognizedIdentifiableAssetsandLiabilitiesDisposedPropertyPlantandEquipmentNet
5618000 USD
ivtp Disposition Recognized Identifiable Assetsand Liabilities Disposed Property Plantand Equipment Net
DispositionRecognizedIdentifiableAssetsandLiabilitiesDisposedPropertyPlantandEquipmentNet
153081000 USD
ivtp Dispositions Accounts Receivable Acquired Lease Intangiblesand Deferred Costsand Other Assets
DispositionsAccountsReceivableAcquiredLeaseIntangiblesandDeferredCostsandOtherAssets
-148000 USD
ivtp Dispositions Accounts Receivable Acquired Lease Intangiblesand Deferred Costsand Other Assets
DispositionsAccountsReceivableAcquiredLeaseIntangiblesandDeferredCostsandOtherAssets
5683000 USD
CY2020Q3 ivtp Disposition Accounts Payable Acquired Lease Intangiblesand Other Liabilities
DispositionAccountsPayableAcquiredLeaseIntangiblesandOtherLiabilities
-347000 USD
CY2019Q3 ivtp Disposition Accounts Payable Acquired Lease Intangiblesand Other Liabilities
DispositionAccountsPayableAcquiredLeaseIntangiblesandOtherLiabilities
-5527000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
668000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
32443000 USD
ivtp Gain Loss On Extinguishment Of Debt Included In Discontinued Operations
GainLossOnExtinguishmentOfDebtIncludedInDiscontinuedOperations
0 USD
ivtp Gain Loss On Extinguishment Of Debt Included In Discontinued Operations
GainLossOnExtinguishmentOfDebtIncludedInDiscontinuedOperations
-2092000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
5791000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
183588000 USD
ivtp Creditand Other Changesin Cash Inflow Net
CreditandOtherChangesinCashInflowNet
810000 USD
ivtp Creditand Other Changesin Cash Inflow Net
CreditandOtherChangesinCashInflowNet
6612000 USD
ivtp Discontinued Operation Gross Disposition Price
DiscontinuedOperationGrossDispositionPrice
6601000 USD
ivtp Discontinued Operation Gross Disposition Price
DiscontinuedOperationGrossDispositionPrice
190200000 USD
ivtp Income Tax Expense Benefit Net Operating Loss Cares Act
IncomeTaxExpenseBenefitNetOperatingLossCARESAct
-1172000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
37210000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
139034000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
120728000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
106415000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
90402000 USD
CY2020Q3 ivtp Lessor Operating Lease Paymentstobe Received After Year Four
LessorOperatingLeasePaymentstobeReceivedAfterYearFour
314186000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
807975000 USD
CY2020Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
36115000 USD
CY2019Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
40713000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
108177000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
119101000 USD
CY2020Q3 us-gaap Lease Income
LeaseIncome
51489000 USD
CY2019Q3 us-gaap Lease Income
LeaseIncome
56596000 USD
us-gaap Lease Income
LeaseIncome
143491000 USD
us-gaap Lease Income
LeaseIncome
167708000 USD
CY2020Q3 us-gaap Receivables From Customers
ReceivablesFromCustomers
271000 USD
CY2019Q4 us-gaap Receivables From Customers
ReceivablesFromCustomers
460000 USD
ivtp Asset Acquisition Transaction Costs Capitalized Duringthe Period
AssetAcquisitionTransactionCostsCapitalizedDuringthePeriod
63000 USD
CY2020Q3 ivtp Asset Acquisition Transaction Costs Capitalized Duringthe Period
AssetAcquisitionTransactionCostsCapitalizedDuringthePeriod
63000 USD
CY2019Q3 ivtp Asset Acquisition Transaction Costs Capitalized Duringthe Period
AssetAcquisitionTransactionCostsCapitalizedDuringthePeriod
1416000 USD
ivtp Asset Acquisition Transaction Costs Capitalized Duringthe Period
AssetAcquisitionTransactionCostsCapitalizedDuringthePeriod
2334000 USD
CY2020Q3 ivtp Equity Method Investments Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
EquityMethodInvestmentsLongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 USD
CY2020Q3 ivtp Equity Method Investments Debt Maturities Repaymentsof Principal Year One
EquityMethodInvestmentsDebtMaturitiesRepaymentsofPrincipalYearOne
23150000 USD
CY2020Q3 ivtp Equity Method Investments Long Termdebt Maturities Repaymentsof Principal In Year Two
EquityMethodInvestmentsLongTermdebtMaturitiesRepaymentsofPrincipalInYearTwo
0 USD
CY2020Q3 ivtp Equity Method Investments Long Term Debt Maturities Repaymentsof Principalin Year Three
EquityMethodInvestmentsLongTermDebtMaturitiesRepaymentsofPrincipalinYearThree
180125000 USD
CY2020Q3 ivtp Equity Method Investments Long Term Debt Maturities Repaymentsof Principalin Year Four
EquityMethodInvestmentsLongTermDebtMaturitiesRepaymentsofPrincipalinYearFour
0 USD
CY2020Q3 ivtp Equity Method Investments Long Term Debt Maturities Repaymentsof Principal After Four Years
EquityMethodInvestmentsLongTermDebtMaturitiesRepaymentsofPrincipalAfterFourYears
40680000 USD
CY2020Q3 ivtp Equity Method Investments Long Term Debt
EquityMethodInvestmentsLongTermDebt
243955000 USD
CY2020Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
655213000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
67349000 USD
CY2020Q3 ivtp Number Of Interest Rate Swaps
NumberOfInterestRateSwaps
4 swap
ivtp Numberof Interest Rate Swapstobe Terminated
NumberofInterestRateSwapstobeTerminated
2 swap
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
4172000 USD
ivtp Number Of Retail Properties Impaired
NumberOfRetailPropertiesImpaired
1 property
us-gaap Asset Impairment Charges
AssetImpairmentCharges
9002000 USD
CY2019Q3 ivtp Number Of Retail Properties Impaired
NumberOfRetailPropertiesImpaired
1 property
ivtp Number Of Retail Properties Impaired
NumberOfRetailPropertiesImpaired
1 property
CY2019Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2359000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2359000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1677000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
24926000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-11420000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
35205000 USD
CY2020Q3 ivtp Undistributed Income Loss From Continuing Operations Allocated To Unvested Shares
UndistributedIncomeLossFromContinuingOperationsAllocatedToUnvestedShares
0 USD
CY2019Q3 ivtp Undistributed Income Loss From Continuing Operations Allocated To Unvested Shares
UndistributedIncomeLossFromContinuingOperationsAllocatedToUnvestedShares
-50000 USD
ivtp Undistributed Income Loss From Continuing Operations Allocated To Unvested Shares
UndistributedIncomeLossFromContinuingOperationsAllocatedToUnvestedShares
0 USD
ivtp Undistributed Income Loss From Continuing Operations Allocated To Unvested Shares
UndistributedIncomeLossFromContinuingOperationsAllocatedToUnvestedShares
0 USD
CY2020Q3 ivtp Undistributed Income Loss From Continuing Operations Allocated To Common Stockholders
UndistributedIncomeLossFromContinuingOperationsAllocatedToCommonStockholders
1677000 USD
CY2019Q3 ivtp Undistributed Income Loss From Continuing Operations Allocated To Common Stockholders
UndistributedIncomeLossFromContinuingOperationsAllocatedToCommonStockholders
24876000 USD
ivtp Undistributed Income Loss From Continuing Operations Allocated To Common Stockholders
UndistributedIncomeLossFromContinuingOperationsAllocatedToCommonStockholders
-11420000 USD
ivtp Undistributed Income Loss From Continuing Operations Allocated To Common Stockholders
UndistributedIncomeLossFromContinuingOperationsAllocatedToCommonStockholders
35205000 USD
CY2020Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2019Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-25500000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
718934723 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
728722763 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
720198772 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
728645975 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
633616 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
733959 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
575251 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
719568339 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
729456722 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
720198772 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
729221226 shares
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0
CY2019Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.03
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.02
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.05
CY2020Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0
CY2019Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.03
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.03
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.02
CY2019Q2 ivtp Stock Repurchase Program Discount Percentage
StockRepurchaseProgramDiscountPercentage
0.25
CY2019Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
3.14
CY2019Q2 ivtp Distribution Reinvestment Plan Discount Percent
DistributionReinvestmentPlanDiscountPercent
0.25
CY2019Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
3.14
CY2020Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
7576000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1598000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3546000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1289000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3454000 USD
us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
-25500000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
149000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
131000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
547000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
408000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
522000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
279000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
536000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
21000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
550000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 USD
CY2020Q3 ivtp Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
53000 USD
CY2020Q3 ivtp Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2357000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
839000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
247000 USD
CY2020Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
72000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2110000 USD
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
767000 USD

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