Invitation Homes Earnings Reports

Invitation Homes delivered a 5.6% year-over-year revenue increase in Q4 2024, reaching $659 million. Net income totaled $143 million, or $0.23 per share, while Core FFO per share grew by 5.9% to $0.47. Average monthly rent increased by 3.1%, and occupancy remained strong at 96.7%. The company continued expanding its portfolio, acquiring 501 homes during the quarter.

Invitation Homes reported a 6.9% increase in total revenues to $660 million and a 7.2% increase in AFFO per share to $0.38 year-over-year. The company also raised its full-year 2024 Core FFO and AFFO per share guidance.

Invitation Homes reported an 8.8% increase in total revenues to $653 million. Same Store NOI increased by 3.8% year over year. The company raised the midpoint of its full year 2024 Core FFO per share guidance by $0.01 to $1.87.

Invitation Homes reported a solid first quarter in 2024, marked by a 9.5% increase in total revenues to $646 million and an 18.4% increase in net income available to common stockholders to $142 million. The company also saw growth in Core FFO per share and AFFO per share, along with a substantial improvement in bad debt year over year.

Invitation Homes Inc. announced its Fourth Quarter 2023 financial and operating results, featuring a 7.7% increase in total revenues to $624 million and a net income of $129 million, or $0.21 per diluted share. Core FFO per share increased by 4.6% to $0.45, and AFFO per share increased by 5.8% to $0.38. Same Store NOI increased by 5.6% year over year.

Invitation Homes reported an 8.6% increase in total revenues to $618 million, a 66.6% increase in net income available to common stockholders to $132 million, and a 4.0% increase in Same Store NOI. The company acquired 2,291 homes for $854 million and disposed of 416 homes for $160 million.

Invitation Homes reported a 7.7% increase in total revenues to $600 million, a 24.3% increase in net income available to common stockholders to $138 million, and a Same Store NOI increase of 3.6% year over year. The company also announced an increase to its 2023 full-year guidance and the acquisition of nearly 1,900 homes for approximately $650 million.

Invitation Homes reported a strong start to 2023 with a 10.8% increase in total revenues to $590 million. Net income available to common stockholders increased by 30.0% to $120 million, and Core FFO per share increased by 9.5% to $0.44. Same Store NOI increased by 5.0% year over year.

Invitation Homes Inc. reported strong Fourth Quarter and Full Year 2022 financial and operating results, with total revenues increasing 11.5% to $580 million in Q4 2022. Demand for leasing a single-family home remained strong, as evidenced by a 97.3% same store average occupancy and 9.1% same store blended rental rate growth.

Invitation Homes reported strong Q3 2022 results, with total revenues increasing 11.6% year-over-year to $569 million and net income available to common stockholders increasing 14.4% to $79 million. Core FFO per share increased 9.5% to $0.42, and AFFO per share increased 8.2% to $0.34. Same Store NOI increased 8.6% year-over-year.

Invitation Homes reported a strong second quarter of 2022, with significant increases in total revenues, net income, and core FFO. The company benefited from favorable housing market fundamentals, driving rent growth and high occupancy rates. Increased guidance expectations for the full year reflect the company's confidence in continued strong performance.

Invitation Homes reported a 12.0% increase in total revenues to $532 million, a 61.3% increase in net income to $92 million, and a 13.5% increase in Core FFO per share to $0.40 year over year. Same Store NOI increased 11.7% year over year, driven by Same Store Core Revenues growth of 9.4% and Same Store Core Operating Expenses growth of 4.5%.

Invitation Homes reported a revenue increase of 12.1% to $520 million in Q4 2021. Net income available to common stockholders totaled $74 million, or $0.12 per diluted common share. Core FFO per share increased 19.7% to $0.39, and AFFO per share increased 21.0% to $0.33.

Invitation Homes reported strong Q3 2021 results, with total revenues increasing 11.0% year-over-year to $510 million. Same Store NOI grew 11.9% year-over-year, driven by Same Store Core Revenues growth of 7.9%. The company raised its full year 2021 guidance for Same Store Core Revenues growth and Core FFO per share.

Invitation Homes reported a strong second quarter with total revenues increasing by 9.3% year-over-year to $492 million. Net income available to common stockholders increased by 40.8% to $60 million, and Core FFO per share increased by 14.4% to $0.37. Same Store NOI grew by 8.4% year-over-year, driven by revenue growth and expense management.

Invitation Homes reported strong Q1 2021 results, with total revenues increasing 5.7% year-over-year to $475 million and net income available to common stockholders increasing 14.9% to $57 million. Same Store NOI grew 4.4% year-over-year, driven by strong occupancy and rental rate growth. The company is increasing its full-year 2021 Same Store NOI growth guidance.

Invitation Homes reported a 4.5% year-over-year increase in total revenues to $464 million for Q4 2020. Net income available to common stockholders increased by 36.0% to $71 million, with net income per diluted common share rising by 30.2% to $0.12. Same Store NOI grew by 4.3%, driven by a 2.0% increase in Same Store Core revenue growth and a 2.4% decrease in Same Store Core operating expenses. The company also capitalized on favorable buying fundamentals, purchasing 1,197 homes for $361 million.

Invitation Homes reported a 3.6% increase in total revenues to $459 million and a Same Store average occupancy of 97.8%. The company ramped up its acquisition pace, acquiring 544 homes for $175 million. Core FFO per share increased 1.9% to $0.30, and AFFO per share increased 5.8% to $0.24.

Invitation Homes reported a 1.9% increase in total revenues to $450 million, a 10.2% increase in net income attributable to common stockholders to $43 million, and a 9.4% increase in AFFO per share to $0.27. The company also saw Same Store NOI grow by 2.3% and Same Store average occupancy reach 97.5%.

Invitation Homes reported a 3.3% increase in total revenues to $450 million, a 140.7% increase in net income attributable to common stockholders to $50 million, and a Same Store NOI growth of 4.0%. The company is focused on resident and associate safety amid the COVID-19 pandemic, while also maximizing operating and financial results.

Invitation Homes reported a 2.7% increase in total revenues to $444 million for Q4 2019. Net income attributable to common stockholders increased by 107.0% to $52 million, or $0.10 per share. Same Store NOI grew 3.8% year over year.