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Dec 31, 2019

Invitation Homes Q4 2019 Earnings Report

Reported fourth quarter and full year results, showing revenue growth and increased net income.

Key Takeaways

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.

Total revenues increased 2.7% to $444 million.

Net income attributable to common stockholders increased 107.0% to $52 million, or $0.10 per share.

Core FFO per share increased 6.1% to $0.32, and AFFO per share increased 10.8% to $0.28.

Same Store NOI grew 3.8% year over year.

Total Revenue
$444M
Previous year: $433M
+2.7%
EPS
$0.32
Previous year: $0.3
+6.7%
Average monthly rent
$1.84K
Average occupancy
93.5%
Total Homes
79.51K
Gross Profit
$1.76B
Previous year: $433M
+307.9%
Cash and Equivalents
$92.3M
Previous year: $145M
-36.3%
Total Assets
$17.4B
Previous year: $18.1B
-3.7%

Invitation Homes

Invitation Homes

Invitation Homes Revenue by Segment

Invitation Homes Revenue by Geographic Location

Forward Guidance

Invitation Homes expects FY 2020 Same Store NOI growth of 4.25% at the midpoint of its guidance.