Invitation Homes Q2 2021 Earnings Report
Key Takeaways
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.
Total revenues increased 9.3% year-over-year to $492 million.
Core FFO per share increased 14.4% year-over-year to $0.37.
Same Store NOI grew 8.4% year-over-year.
The company is raising its full year 2021 guidance for Same Store Core Revenue growth by 50 basis points at the midpoint to 5.5%, and Same Store NOI growth by 100 basis points at the midpoint to 7.0%.
Invitation Homes
Invitation Homes
Invitation Homes Revenue by Segment
Forward Guidance
The Company is raising its full year 2021 guidance for Same Store Core Revenue growth by 50 basis points at the midpoint to 5.5%, and Same Store NOI growth by 100 basis points at the midpoint to 7.0%. The Company is also raising its full year 2021 guidance for Core FFO per share and AFFO per share by $0.02 at the midpoint to $1.44 and $1.24, respectively.