Invitation Homes(US:INVH) The Motley Foolยท2024-09-06 16:15Core Viewpoint - Invitation Homes is experiencing signs of softening in its performance metrics, leading to a decline in share prices despite the company's optimistic long-term outlook for growth in annual funds from operations (AFFO) [1][2][4]. Company Performance - Invitation Homes reported a quarter-to-date renewal lease rate growth of 4.4%, down from 5.6% in the previous quarter, and new lease rate growth of 1.9%, compared to 3.6% in the prior three months [3][4]. - The company emphasized the strength of its third-party management business and strong relationships with homebuilders, positioning itself well for future growth [2][5]. Market Context - The current trends indicate a potential slowdown, which has raised concerns among investors, particularly in light of broader economic conditions affecting consumer health [4]. - Despite recent stock performance, which has seen a 20% decline since the start of 2022, the company maintains that leasing remains more affordable than buying in all 16 of its core markets, suggesting long-term growth opportunities [5][6].