Invitation Homes Inc. (INVH) announced that it has reached an agreement with three top-tier homebuilders to acquire around 500 additional newly built homes for approximately $140 million. The homes will be located in Charlotte, Jacksonville, and Nashville, with deliveries anticipated to begin later in 2024.Scott Eisen, chief investment officer of Invitation Homes, commented, “As lack of supply continues to be a primary culprit in the high cost of housing, we are proud to further broaden our strong homebuild ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38004 Invitation Homes Inc. (Exact name of registrant as specified in its charter) Maryland 90-0939055 (State or other jurisdiction of incorporat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR Commission File Number 001-38004 Invitation Homes Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Maryland 90-0939055 (I.R.S. Employer Identification No.) 1717 Main Street, Suite 2000 ☐ TRANSITION REPORT PURSUANT ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q Invitation Homes Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Maryland 90-0939055 ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commissi ...

Summary of Invitation Homes Conference Call Company Overview - **Company**: Invitation Homes - **Industry**: Single Family Rental (SFR) - **Market Cap**: $20 billion - **Key Executives Present**: Dallas Tanner (CEO), John Olson (CFO), Charles Young (President and COO) [2][3] Core Industry Insights - **Demographics**: The average customer is a 39-year-old millennial couple with a combined household income of approximately $140,000 [5] - **Rental vs. Ownership**: Renting is on average $930 cheaper than owning a home in Invitation Homes' markets, highlighting a favorable environment for rental growth [5] - **Supply Shortage**: There is a significant shortfall in housing supply, estimated between 1 million to 2.5 million units, exacerbated by rising construction costs and regulatory challenges [6][12] - **Occupancy Rates**: Current occupancy stands at approximately 97.7%, with rental growth in the mid-single digits [7][18] Financial Performance - **Revenue and NOI Growth**: Expected revenue and NOI growth in the mid-single digits for 2023, with new lease rate growth recorded at 7.5% in April, up from 5.7% in Q1 [13][16] - **Geographic Performance**: Strong performance in Florida markets (South Florida, Tampa, Orlando) and consistent growth in California and Atlanta, while Phoenix has shown some recent recovery [31][32] Operational Insights - **Expense Management**: Expenses are in line with expectations, with some elevated costs due to property tax adjustments and operational normalization post-pandemic [21][22] - **Bad Debt Management**: Approximately half of the markets are performing at historical bad debt rates, with ongoing cleanup efforts in areas like Southern California [25][26] Capital Allocation and Growth Strategy - **Acquisition Strategy**: Actively writing offers for homes in the high 5% to low 6% cap rate range, with a focus on strategic partnerships with builders for new product pipelines [36][37] - **Dividend Policy**: Currently paying out close to 100% of taxable income, with a cautious approach to capital allocation as the company disposes of underperforming assets [38][39] - **Liquidity Position**: The company has approximately $2 billion in liquidity, allowing for opportunistic growth while managing upcoming debt maturities [40][42] Future Outlook - **Market Positioning**: Invitation Homes aims to capture the growing demand for rental properties by enhancing customer experience and offering flexible leasing options [8][49] - **Long-term Growth**: The company is well-positioned for the next 7-10 years to capitalize on demographic trends and shifting consumer preferences towards renting [9][10] Additional Considerations - **Portfolio Composition**: The company has strategically culled underperforming assets, resulting in a diversified risk profile and improved occupancy rates [49] - **Customer Experience**: Focus on enhancing customer experience through ancillary services and technology integration [10][8] This summary encapsulates the key points discussed during the conference call, providing insights into Invitation Homes' operational performance, market dynamics, and strategic direction.

In all 16 of our markets, it is more affordable to lease one of our homes today than it is to buy, by a weighted average savings of over $900 per month or nearly 30%, according to data from John Burns as of 1Q23 Our Commitment To ESG SOCIAL 2022 GRESB Score Opted out of MUTA I. Executive Summary We are the nation's premier single-family home leasing company, with an emphasis on the resident experience Blended rate growth of 7.3%, consistent with 1Q23 Loss to lease of approximately 5-6% as of end of April Su ...

Invitation Homes Inc. (NYSE:INVH) Q1 2023 Earnings Conference Call May 2, 2023 11:00 AM ET Company Participants Scott McLaughlin - Senior Vice President, Investor Relations Dallas Tanner - Chief Executive Officer Charles Young - President and COO Ernie Freedman - Chief Financial Officer Jon Olsen - Executive Vice President, Corporate Strategy and Finance Conference Call Participants Josh Dennerlein - Bank of America Eric Wolfe - Citibank Austin Wurschmidt - KeyBanc Jamie Feldman - Wells Fargo Brad Heffern - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38004 Invitation Homes Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organiza ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38004 Invitation Homes Inc. (Exact name of registrant as specified in its charter) Maryland 90-0939055 (State or other jurisdiction of incorporat ...

Invitation Homes Inc. (NYSE:INVH) Q4 2022 Earnings Conference Call February 16, 2023 11:00 AM ET Company Participants Scott McLaughlin - Vice President of Investor Relations Dallas Tanner - President and Chief Executive Officer Charles Young - Chief Operating Officer Ernie Freedman - Chief Financial Officer Conference Call Participants Josh Dennerlein - Bank of America Nicholas Joseph - Citi Austin Wurschmidt - KeyBanc Capital Markets Brad Heffern - RBC Capital Markets Sam Choe - Credit Suisse Steve Sakwa - ...