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Mar 31, 2020
Invitation Homes Q1 2020 Earnings Report
Invitation Homes' first quarter performance was driven by revenue growth and strategic cost management.
Key Takeaways
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.
Total revenues increased 3.3% year over year to $450 million.
Net income attributable to common stockholders increased 140.7% year over year to $50 million.
Core FFO per share increased 4.4% year over year to $0.34.
Same Store NOI grew 4.0% year over year.
Revenue by Segment
Forward Guidance
Due to uncertainty regarding the future economic impact of the COVID-19 pandemic, the Company no longer believes it is appropriate to provide FY 2020 guidance, and is withdrawing its previously issued guidance. The Company anticipates resuming its practice of providing full year guidance when there is sufficient clarity on economic conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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