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Jun 30, 2021
Invitation Homes Q2 2021 Earnings Report
Invitation Homes reported strong second quarter 2021 results, driven by solid execution and positive market fundamentals.
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%.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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