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.
Invitation Homes Inc. reports news on its single-family home leasing and management business, including quarterly and annual operating results, portfolio performance, occupancy, rent growth, property operating costs, net operating income, FFO, Core FFO and AFFO. Company updates also cover dividends, tax treatment of distributions, share repurchase activity, investor conference participation and management commentary on rental housing demand.
Recurring developments include activity in the company’s Same Store Portfolio, home characteristics by market, acquisition and development pipeline updates, and the completed acquisition of ResiBuilt, which added build-to-rent development and fee-building capabilities in Southeast markets.
Invitation Homes (NYSE: INVH) will release its fourth quarter 2020 financial results on February 16, 2021, after market close. A conference call will follow on February 17, 2021, at 11:00 a.m. ET, to discuss results and recent events. Interested parties can access the call via webcast on the company’s Investor Relations website. Invitation Homes specializes in single-family home leasing, providing high-quality homes to meet lifestyle demands, reinforcing its commitment to enhance residents' living experiences.
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Invitation Homes (NYSE:INVH) reported a 3.6% increase in total revenues to $459 million for Q3 2020, while property operating expenses rose 1.4% to $178 million. Net income fell 3.2% to $33 million, with net income per diluted share down 7.2% to $0.06. However, both Core FFO per share and AFFO per share saw increases of 1.9% and 5.8%, respectively. The company acquired 544 homes for $175 million in Q3 and formed a joint venture expected to deploy over $1 billion for further acquisitions.
Invitation Homes (NYSE: INVH) has declared a quarterly cash dividend of $0.15 per share. This dividend is scheduled for payment on or before November 25, 2020, to shareholders of record as of the close on November 10, 2020. The company focuses on providing high-quality leasing options in single-family homes, emphasizing proximity to jobs and schools. Invitation Homes aims to enhance resident living experiences with their service-oriented approach.
Invitation Homes (NYSE: INVH) has partnered with Rockpoint Group to form a joint venture aimed at acquiring single-family homes for rental. The JV will allocate $375 million in equity, with INVH contributing $75 million and Rockpoint $300 million. The partnership plans to deploy over $1 billion, including debt, for acquiring and renovating homes in high-demand markets across the Western and Southeastern US. INVH will offer asset and property management services, earning management fees and a potential promoted interest based on performance.
Invitation Homes (NYSE: INVH) will release its third quarter 2020 financial and operating results on October 28, 2020, after market close. A conference call to discuss these results will take place on October 29, 2020, at 11:00 a.m. Eastern time. The call will be accessible via webcast on the company's Investor Relations website.
Invitation Homes specializes in single-family home leasing, offering updated homes with convenient features for families and individuals. The company focuses on enhancing residents' living experiences through high-touch service.