Invitation Homes Stock Price, News & Analysis

Invitation Homes (NYSE: INVH) has appointed John D. Huh as senior vice president, Legal. Huh brings over 15 years of experience in areas such as litigation and compliance, and will be responsible for the company's legal strategy and litigation management. Mark Solls, executive vice president, Legal, stated that Huh's addition will enhance the company's legal approach. Prior to this role, Huh was a partner at Duane Morris LLP and DLA Piper LLP, and served as a judicial law clerk in the U.S. District Court for the Eastern District of Pennsylvania.

Invitation Homes Inc. (NYSE: INVH) reported strong Q1 2022 results, with total revenues of $532 million, a 12% increase year-over-year. Net income rose 61.3% to $92 million, leading to earnings of $0.15 per diluted share, up from $0.10 in Q1 2021. Core FFO per share increased 13.5% to $0.40, while AFFO per share rose 11.9% to $0.35. Same Store NOI improved by 11.7%, driven by 9.4% Core Revenues growth. The company continues to experience high demand, with Same Store occupancy at 98.1%. Additionally, a public offering of $600 million senior notes was completed to manage debt.

Invitation Homes has declared a quarterly cash dividend of $0.22 per share, payable to shareholders of record by May 10, 2022. The dividend payment is scheduled for on or before May 27, 2022. As a leader in the single-family home leasing sector, Invitation Homes focuses on providing quality homes to meet evolving lifestyle demands, underscoring its mission to enhance residents' living experiences.

Invitation Homes (NYSE: INVH) will announce its first quarter 2022 financial and operating results on April 27, 2022, after market hours. A conference call is scheduled for April 28, 2022, at 11:00 a.m. Eastern Time, which will cover the results and allow for a Q&A session. The call will be accessible via webcast on the company's investor relations site. Invitation Homes focuses on providing high-quality single-family home leasing services, aligning with changing lifestyle demands.

Invitation Homes (NYSE: INVH) announced a public offering of $600 million in Senior Notes due April 15, 2032, priced at 99.739% of the principal amount. The offering is expected to close on April 5, 2022. Proceeds will be used to repay $204.6 million of a mortgage loan and for general corporate purposes, including acquisitions and renovations. The offering is conducted under an effective shelf registration statement with the SEC, and several financial institutions are acting as joint book-running managers.

Invitation Homes (NYSE: INVH) has promoted Greg Van Winkle to Senior Vice President of Corporate Strategy & Capital Markets, effective immediately. Since joining in July 2016, Van Winkle has played a key role in securing financial capital and strategic growth for the company. CEO Dallas Tanner praised his contributions, emphasizing the importance of strong leadership in their home leasing operations. Van Winkle previously worked at Morgan Stanley, focusing on equity research in the REIT sector.

Invitation Homes (NYSE: INVH) has announced a new joint venture with Rockpoint Group, aiming to acquire higher price-point single-family rental homes in premium locations. The JV will operate with a total equity commitment of $300 million, where INVH contributes $50 million (16.7%) and Rockpoint contributes $250 million (83.3%). The initiative targets acquisitions with rents 30%-60% higher than its traditional strategy, focusing on top markets in the Western US, Southeastern US, Florida, and Texas.

Invitation Homes (NYSE: INVH) announced that CEO Dallas Tanner will speak at Citi's 2022 Global Property CEO Conference on March 8 at 2:45 p.m. ET. The event will be available via live audio webcast on the company's website, with a replay accessible until April 8, 2022. As a leading single-family home leasing company, Invitation Homes focuses on providing high-quality homes that meet modern lifestyle demands, emphasizing proximity to jobs and quality schools, with a mission to enhance living experiences.

Invitation Homes (NYSE: INVH) announced the appointment of Philip Yi as senior vice president of Marketing. Bringing over 20 years of experience, Yi will lead the marketing team to enhance brand strategy and execution. Previously, he was CEO of Modus Digital and co-founder of a fintech firm acquired by a public company. His background includes roles at Omni Hotels, JC Penney, and McKinsey, along with military service in the U.S. Navy. The company aims to provide exceptional living experiences as the leading single-family home leasing entity.