Core Viewpoint - Wall Street analysts anticipate Invitation Home (INVH) will report quarterly earnings of $0.47 per share, reflecting a year-over-year increase of 4.4%, with revenues expected to reach $663.21 million, up 6.2% from the previous year [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate has been revised downward by 1.1% over the past 30 days, indicating a collective reassessment by analysts [1] - Analysts project 'Revenues- Management Fee Revenues' to be $19.02 million, representing a significant year-over-year increase of 456.2% [4] - 'Revenues- Rental revenues' are expected to be $643.98 million, indicating a 14.2% increase from the year-ago quarter [4] - Depreciation and amortization is predicted to reach $179.67 million, compared to $173.16 million from the previous year [4] Group 2: Market Performance - Invitation Home shares have increased by 5.6% over the past month, outperforming the Zacks S&P 500 composite, which rose by 2.2% [5] - With a Zacks Rank of 3 (Hold), INVH is expected to closely follow overall market performance in the near term [5]

Many individual investors look to real estate investment trusts as a means to invest in hard assets like real estate with built-in diversification. To invest in an actual property, one might be concentrating an unreasonable amountCompounding Chef combines a business education background with professional experience in a variety of industries to find opportunities across the investing universe including… Media, Marketing, and Public Relations Travel, Tourism, Hospitality, Corporate Events, and Software as a ...

Dividend stocks can be no-brainer investments. Over the last 50 years, the average dividend stock in the S&P 500 has outperformed non-dividend payers by more than 2 to 1, with the best performance coming from dividend growers. Dividend growth stocks have delivered a 10.2% average annual return, compared to 4.3% for non-payers, according to data from Ned Davis Research and Hartford Funds. The return of dividend growth stocks has really added up over the years. For example, a $100 investment in the average di ...

With a total return of just 3%, Invitation Homes (NYSE: INVH ) has meaningfully underperformed both the broader market ( SPY ) and REIT index ( VNQ ) thus far in 2024. Shares have declined ~10% during the pastAnalyst’s Disclosure: I/we have a beneficial long position in the shares of INVH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relat ...

Abating headwinds should benefit these REITs in the coming years.Dividend stocks can be fantastic investments. The best ones supply a growing stream of passive income and steady stock price appreciation as they increase their earnings. Those two drivers often enable dividend stocks to deliver above-average total returns. There are many great dividend stocks. Mid-America Apartment Communities (MAA -1.43%) and Invitation Homes (INVH -0.03%) stand out as excellent ones to buy right now for those seeking income ...

Financial Data and Key Metrics Changes - Core FFO and AFFO per share for Q3 2024 increased by 6.8% and 7.2% year-over-year to $0.47 and $0.38 respectively, driven primarily by higher same-store NOI [28][30] - Same-store core revenues grew 3.6% year-over-year, primarily due to a 3.7% increase in average monthly rent [18] - Same-store core expenses increased only 3.1% year-over-year, resulting in a 3.9% increase in same-store NOI [19] Business Line Data and Key Metrics Changes - Renewal rent growth was 4.2%, while new lease rent growth was 1.7%, leading to a blended rent growth of 3.6% [18] - Average occupancy during Q3 was 97%, consistent with the prior year [18] - Preliminary October results showed average occupancy at 96.5%, with renewal rent growth at 3.7% and new lease rents contracting by 1.4% [20] Market Data and Key Metrics Changes - Supply pressures were noted in markets such as Phoenix, Tampa, Orlando, and Dallas, affecting new lease pricing [10][34] - The company expects new BTR deliveries to fall by 60% to 65% next year, indicating temporary supply pressures [11][50] - The number of renter households is projected to grow by nearly 0.5 million people per year for the next four years, supporting long-term demand [12] Company Strategy and Development Direction - The company aims to make leasing a home as easy as leasing a car, focusing on technology investments and third-party management expansion [9] - Strategic relationships with homebuilders are being deepened, with a target of over $60 million in gross revenues from value-add services this year [9] - The company remains bullish on long-term growth prospects, supported by strong demographics and job growth [12][13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged some softness in certain markets but remains optimistic about long-term demand and absorption [10][12] - The company is focused on managing supply pressures and believes current challenges are temporary [11][34] - Management expressed confidence in achieving solid growth, remaining among the strongest in the residential REIT sector [13] Other Important Information - The company has over $2 billion in available liquidity and a strong balance sheet with a net debt to trailing 12-month adjusted EBITDA of 5.4x [23][24] - Fitch Ratings upgraded the company's credit ratings to BBB+ with a stable outlook [25] - The company has a well-established playbook for managing risks associated with storms and has a favorable loss history [65] Q&A Session All Questions and Answers Question: Sequential occupancy decline and pricing power - Management noted supply pressure in specific markets affecting new lease pricing, but overall occupancy remains healthy with low turnover rates [34] Question: Capital deployment and yield landscape - The company is pleased with the deal flow from builders, closing nearly 900 homes for $320 million at around a 6% cap rate [37] Question: Growth potential and loss to lease - Management refrained from discussing next year's specifics but indicated a potential earn-in of around 2% [40] Question: Strategic growth in markets - Management acknowledged the need to balance growth in various markets and is actively evaluating opportunities beyond current high-volume areas [42][45] Question: Impact of new supply on performance - Management indicated that while new lease growth is affected in certain markets, renewal rates remain strong and are expected to improve [49] Question: Revenue growth guidance adjustments - Management explained that recent adjustments reflect better visibility into supply pressures and market conditions [53] Question: Renewal growth rates and pricing sensitivity - Management confirmed that renewal rates are expected to accelerate, with adjustments made to compete on price in certain markets [56] Question: Storm costs and insurance coverage - Management detailed the insurance policy structure and the impact of multiple named windstorms on costs [72] Question: Traffic trends and demand - Management reported healthy web traffic and showings, indicating strong demand despite some supply challenges [75] Question: NOI margins and future expectations - Management expressed confidence in maintaining strong NOI margins, with expectations for property tax growth to moderate [77]

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, 2024 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 i ...

Invitation Home (INVH) reported $660.32 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 6.9%. EPS of $0.47 for the same period compares to $0.21 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $659.53 million, representing a surprise of +0.12%. The company delivered an EPS surprise of +2.17%, with the consensus EPS estimate being $0.46. While investors closely watch year-over-year changes in headline numbers -- revenue and earni ...

Invitation Home (INVH) came out with quarterly funds from operations (FFO) of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to FFO of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 2.17%. A quarter ago, it was expected that this real estate investment trust focused on single-family rentals would post FFO of $0.47 per share when it actually produced FFO of $0.47, delivering no surpris ...

� Atlanta invitation homes EARNINGS RELEASE & SUPPLEMENTAL INFORMATION THIRD QUARTER 2024 Table of Contents Earnings Press Release | --- | |------------------------------------------------------------------| | | | Consolidated Financial Statements | | Schedule 1: Reconciliation of FFO, Core FFO, and AFFO | | Schedule 2: Capital Structure Information | | Schedule 3: Summary of Operating Information by Home Portfolio | | Schedule 4: Home Characteristics by Market | | Schedule 5: Same Store Operating Informati ...