Invitation Homes Stock Price, News & Analysis

Invitation Homes has priced a public offering of $600 million in 2.300% Senior Notes due 2028 and $400 million in 2.700% Senior Notes due 2034. The 2028 Notes are priced at 99.871%, maturing on November 15, 2028, while the 2034 Notes are priced at 99.809%, maturing on January 15, 2034. The offering is expected to close on November 5, 2021. Proceeds will be used to repay existing mortgage loans and for general corporate purposes. The offering is facilitated by multiple financial institutions, ensuring a broad market participation.

Invitation Homes Inc. (NYSE: INVH) reported a strong Q3 2021, with total revenues of $510 million, up 11.0% year over year. Property operating costs rose 3.6%, totaling $184 million. Net income was $69 million, equating to $0.12 per diluted share. Core FFO per share saw a 27.0% increase to $0.38, while AFFO per share rose 32.7% to $0.32. Same Store NOI grew 11.9%, driven by 7.9% Core Revenues growth. The company accelerated acquisitions, totaling 1,684 homes for $722 million. Guidance for full-year 2021 was also raised, with Core FFO per share now expected to be $1.49.

Invitation Homes declared a quarterly cash dividend of $0.17 per share, payable to shareholders of record as of November 9, 2021. The dividend will be distributed on or before November 24, 2021. This reflects the company's commitment to return value to its shareholders while maintaining its focus on providing high-quality single-family home leasing services, aiming to meet growing lifestyle demands.

Invitation Homes (NYSE: INVH) will release its third quarter 2021 financial results on October 27, 2021, after market close. A conference call to discuss these results will take place on October 28, 2021, at 11:00 a.m. Eastern time. Investors can access the call via the company's Investor Relations website. Invitation Homes specializes in single-family home leasing, focusing on providing high-quality homes that meet lifestyle demands.

Invitation Homes Inc. (NYSE: INVH) has priced an offering of 12,500,000 shares of common stock at $40.00 per share, with a 30-day option for underwriters to purchase an additional 1,875,000 shares. The offering is set to close on September 28, 2021. Proceeds will be utilized for general corporate purposes, including working capital, debt repayment, and property acquisitions and renovations. Citigroup and Morgan Stanley are the underwriters for this offering, which is being made under an effective shelf registration statement.

Invitation Homes (NYSE: INVH) has initiated an offering of 10,000,000 shares of its common stock, with an option for underwriters to purchase an additional 1,500,000 shares. The proceeds will be allocated for general corporate purposes, including working capital and property-related activities. Citigroup and Morgan Stanley are the underwriters for this offering. The stock offering is registered under an effective shelf registration statement, and details can be accessed via the SEC's website. This announcement is a strategic move to support the company's growth and operational needs.

Invitation Homes (NYSE: INVH) has disclosed updates ahead of upcoming investor outreach. Key highlights include a strong leasing performance with 8.0% renewal rates in August 2021, and 98.1% average occupancy. The company continues assisting residents facing financial difficulties, having secured over $19 million in rental assistance payments. Additionally, they are cooperating with the Federal Trade Commission on a recent information request. Upcoming investor events will feature management discussions on September 9 and 22, 2021.

Invitation Homes has priced a public offering of $650 million of 2.000% Senior Notes due 2031, maturing on August 15, 2031. The notes were priced at 98.396% of the principal amount, with closing expected on August 6, 2021. Proceeds from the offering will be used to repay secured indebtedness related to specific securitization mortgages. The offering is conducted under an effective shelf registration statement filed with the SEC, with major financial institutions acting as managers.

Invitation Homes (NYSE: INVH) reported a strong Q2 2021, with revenues up 9.3% to $492 million and net income surging 40.8% to $60 million. Core FFO increased 14.4% to $0.37 per share, while AFFO rose 16.9% to $0.32. The company achieved a Same Store NOI growth of 8.4% and maintained a high occupancy rate of 98.3%. Notably, Invitation Homes plans to acquire 7,500 new homes from PulteGroup over five years. The company raised full-year guidance for Core FFO and AFFO by $0.02 each, reflecting optimistic growth expectations.