Invitation Homes Stock Price, News & Analysis

Invitation Homes Inc. (NYSE: INVH) is set to announce its first quarter 2023 financial results on May 1, 2023, after market closure. Following the earnings release, a conference call will take place on May 2, 2023, at 11:00 a.m. ET, where executives will discuss the results and engage in a Q&A session. Investors can participate via phone or listen to the webcast available on the company’s website. This event provides an opportunity for investors to gain insights into the company's financial performance and operational developments. Invitation Homes, recognized as a premier single-family home leasing company, focuses on enhancing residents' living experiences through quality homes and services.

Invitation Homes Inc. (NYSE: INVH) announced an upgrade in its credit ratings by S&P Global Ratings from 'BBB-' to 'BBB' with a Stable outlook. This upgrade recognizes the company's efforts over the past two years to strengthen its balance sheet, successfully refinancing over $3 billion in secured debt and extending debt maturity to 2026. The upgrade reflects improvements in capital structure, reduced secured debt exposure, and positive business fundamentals. The company's commitment to providing high-quality single-family homes positions it well in the rental market.

Invitation Homes (NYSE: INVH) announced leadership changes to enhance its operational strength. David Ayers is appointed Senior Vice President of Engineering, with a background in technology leadership. Ryan Judge steps up as SVP of Technology Management and Data, while Angie Luna transitions to SVP of Operations Support. Scott McLaughlin takes the role of SVP, Investor Relations & Tax. Tracy Valenzuela and Marnie Vaughn also receive promotions, with Vaughn joining the Executive Committee. CEO Dallas Tanner expressed appreciation for their contributions, underscoring the importance of strong leadership in achieving the company's mission in home leasing.

Invitation Homes (NYSE: INVH) announced that CEO Dallas Tanner will participate in a roundtable discussion at Citi's 2023 Global Property CEO Conference on March 6 at 10:35 a.m. ET. Investors can access a live audio webcast on the Company's website, www.invh.com, with a replay available until April 6, 2023. As a premier single-family home leasing company in the S&P 500, Invitation Homes is dedicated to providing families with high-quality homes and exceptional service, aiming to create environments where individuals can thrive.

Invitation Homes (NYSE: INVH) has promoted Charles Young to President and Chief Operating Officer, effective immediately. Dallas Tanner will remain Chief Executive Officer. Young has been with the company since November 2017, serving as Executive Vice President and COO. His extensive experience includes leading roles at Starwood Waypoint Homes and Mesa Development. Tanner expressed confidence in Young's leadership, emphasizing his integral role in building the company and enhancing resident experiences. Invitation Homes is recognized as a leading single-family home leasing company in the U.S., focusing on meeting lifestyle demands and providing high-quality homes.

Invitation Homes (NYSE: INVH) released its Q4 and FY 2022 financial results, reflecting a robust revenue growth of 11.5% year-over-year for Q4, reaching $580 million, and 12.1% for FY 2022 at $2,238 million. Net income for Q4 was $100 million ($0.16/share), up from $0.12/share YoY. Core FFO rose 10.6% to $0.43/share, while AFFO grew by 9.2% to $0.36/share. The company managed a Same Store NOI increase of 3.7% in Q4 and 9.1% for FY 2022. Average occupancy was 97.3% in Q4, slightly down from the previous year. The board declared a quarterly dividend of $0.26, an 18.2% increase from the last quarter.