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Mar 31, 2023
Invitation Homes Q1 2023 Earnings Report
Invitation Homes reported strong Q1 2023 results, driven by favorable supply and demand fundamentals and excellent execution.
Key Takeaways
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.
Total revenues increased 10.8% year over year to $590 million.
Net income available to common stockholders increased 30.0% year over year to $120 million.
Core FFO per share increased 9.5% year over year to $0.44.
Same Store NOI increased 5.0% year over year.
Invitation Homes
Invitation Homes
Invitation Homes Revenue by Segment
Invitation Homes Revenue by Geographic Location
Forward Guidance
Full year 2023 guidance remains unchanged from initial guidance provided in February 2023.