Welcome to our dedicated page for Invitation Homes news (Ticker: INVH), a resource for investors and traders seeking the latest updates and insights on Invitation Homes stock.
News for Invitation Homes Inc. (NYSE: INVH) centers on its role as an S&P 500 company focused on single-family home leasing and management. The company describes itself as the nation’s premier single-family home leasing and management company, and its news flow reflects operating performance, capital markets activity, dividends, sustainability initiatives, and investor communications.
Regular earnings releases provide detailed updates on total revenues, property operating and maintenance costs, net income available to common stockholders, FFO, Core FFO, AFFO, and Same Store NOI. These releases also highlight Same Store portfolio metrics such as Core Revenues growth, Core Operating Expenses growth, average occupancy, bad debt as a percentage of gross rental revenue, turnover rates, and rental rate growth for renewals and new leases. Commentary from management often discusses resident demand, renewal rent growth, and portfolio performance.
Investors can also follow capital markets and balance sheet developments through news items on senior notes offerings, term loan amendments, credit rating actions, and liquidity levels. For example, the company has announced the pricing and closing of 4.950% Senior Notes due 2033 and has discussed its mix of unsecured and secured debt and the percentage of debt that is fixed rate or swapped to fixed rate.
Additional news covers dividends, dual listing activity, and impact reporting. Invitation Homes has announced quarterly cash dividends on its common stock, a dual listing on NYSE Texas while maintaining its primary NYSE listing, and the release of its 2024 Impact Report, “Bringing Sustainability Home,” which highlights smart home technology deployment, sustainable materials, property enhancements, volunteer efforts, and rooftop solar installations.
Corporate governance and leadership updates, such as executive role changes and planned retirements reported via Form 8-K and press releases, also appear in the news stream. For ongoing insight into Invitation Homes’ operations, portfolio metrics, and strategic priorities, readers can monitor this page for the latest company-issued news and related regulatory disclosures.
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
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.
Invitation Homes (NYSE: INVH) and PulteGroup (NYSE: PHM) have formed a strategic alliance to enhance single-family home leasing. Over the next five years, Invitation Homes anticipates purchasing around 7,500 newly constructed homes from PulteGroup, tailored for leasing purposes. Initial agreements include over 1,000 homes across seven communities, with first sales expected in 2022. The collaboration aims to meet the rising demand for rental homes, focusing on quality and location, benefiting both companies in their respective markets.
Invitation Homes declared a quarterly cash dividend of $0.17 per share, payable by August 27, 2021, to stockholders of record as of August 10, 2021. This reflects the company's ongoing commitment to returning value to shareholders. As the leading single-family home leasing company in the U.S., Invitation Homes focuses on providing high-quality homes that meet modern lifestyle demands, emphasizing features like job proximity and access to quality schools.
Invitation Homes (NYSE: INVH) has partnered with SkillsUSA for a three-year initiative aimed at addressing the skills gap in the U.S. skilled trades workforce. This collaboration will provide career-readiness training to students and support opportunities at national workforce development conferences. The inaugural pilot programs will launch in Tampa and Charlotte, expanding across the company’s markets by 2023-24. With a commitment to empowering future workers, Invitation Homes recognizes skilled labor as essential to their mission of creating quality living spaces.
Invitation Homes (NYSE: INVH) announced an investment in Fifth Wall’s Climate Technology Fund, targeting decarbonization in the real estate sector. CEO Dallas Tanner emphasized the company's commitment to sustainability and innovation. The fund focuses on technologies that enhance eco-friendly practices across real estate, including materials and operations. Invitation Homes is among the first investors, joining other leaders in the space. The company also integrates smart technology and other sustainable practices to improve energy efficiency and reduce waste, contributing to its environmental goals.
Invitation Homes (NYSE: INVH) has announced its intent to settle conversions of $345 million in 3.50% convertible senior notes due January 15, 2022, with common stock. For holders converting by this date, the conversion ratio is 43.9448 shares per $1,000 of notes, potentially leading to approximately 15 million new shares issued. This conversion is expected to reduce annual cash interest expenses by about $12 million. A pro forma analysis shows an improvement in net debt to trailing twelve months EBITDAre from 7.1x to 6.8x following the conversion.
Invitation Homes (NYSE: INVH) announced it will release its second quarter 2021 financial results on July 28, 2021, after market close. A conference call is scheduled for July 29, 2021, at 11:00 a.m. ET to discuss the results and recent developments. The call will be accessible via the Invitation Homes Investor Relations website. The company focuses on providing high-quality, updated single-family home leasing, emphasizing a commitment to enhancing residents' living experiences.
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