Invitation Homes Stock Price, News & Analysis

Invitation Homes (NYSE: INVH) announced the resignation of Ernie Freedman as Executive Vice President, Chief Financial Officer, and Treasurer effective June 1, 2023. His successor, Jonathan Olsen, who has been with the company since its inception, will take over the role. Freedman will assist the transition as a consultant until March 31, 2024. Olsen's extensive experience with Invitation Homes and his previous roles in finance and capital markets position him well for this new leadership role. The company continues to focus on enhancing its service and value to residents while navigating future growth.

Invitation Homes Inc. (NYSE: INVH) will announce its fourth quarter 2022 financial and operating results on February 15, 2023, after market close. A conference call is scheduled for February 16, 2023, at 11:00 a.m. Eastern Time, to discuss the results and recent developments. Investors can listen to the call via webcast on the company's Investor Relations website. The company focuses on single-family home leasing, aiming to meet lifestyle changes by providing updated homes near jobs and schools, committed to enhancing residents' living experiences.

Invitation Homes Inc. (NYSE: INVH) has announced the 2022 dividend allocation for federal income tax purposes. The dividends were calculated using the best available information as the tax return for 2022 has not been filed yet. Key details include a dividend of $0.22 per share for each quarter, payable on various dates from February to November 2022. 78.67% of these dividends are classified as taxable ordinary dividends, while 18.11% is allocated as capital gain. Stockholders are advised to consult tax advisors regarding the implications on their tax returns, as taxation can vary by state.

IQHQ has appointed two new independent directors to its Board: Janice Sears and Anshul Mangal, both bringing extensive experience in life sciences and commercial real estate.

Sears, a former leader at Bank of America, has served on various boards including Sonder Holdings (SOND) and Invitation Homes (INVH). Mangal is the founder of Project Farma and has deep ties to the biotech industry. These appointments come as IQHQ expands its development portfolio in key markets such as San Francisco, San Diego, Boston, and the UK.

CEO Steve Rosetta highlights their expertise as pivotal for future growth.

Invitation Homes (NYSE: INVH) announced partnerships with four trade schools to address the skilled trades worker shortage impacting the housing industry. The initiative, part of its 'Invitation to SkillUp' program, aims to raise awareness and provide career pathways in skilled trades through scholarships and direct engagement with students. The schools involved are Renton Technical College, Central Piedmont Community College, Manatee Technical College, and Center for Employment Training. Invitation Homes is committed to fostering trade school partnerships across its 16 operational markets.

Invitation Homes (NYSE: INVH) has voluntarily prepaid its IH 2018-1 securitization, totaling $560 million as of September 30, 2022. This action pushes its earliest debt maturity to 2026. The company also drew $575 million from a $725 million unsecured term loan, maturing in June 2029, which carries an interest rate based on its senior unsecured credit rating. As a result of these transactions, approximately 83% of the company's wholly-owned properties are unencumbered, and over 99% of its debt is at fixed rates.

Invitation Homes Inc. (NYSE: INVH) reported strong Q3 2022 results with total revenues of $569 million, a 11.6% increase year over year. Net income available to common stockholders rose 14.4% to $79 million, leading to a net income per diluted share of $0.13, up 8.0%. Core FFO grew 9.5% to $0.42 per share. The company faced $19 million in estimated losses related to Hurricane Ian but reported no injuries. Its Same Store NOI increased 8.6%. Updated FY 2022 guidance indicates slight adjustments mainly due to property tax increases.

Invitation Homes Inc. (NYSE: INVH) has declared a quarterly cash dividend of $0.22 per share, payable on or before November 23, 2022. This dividend will be distributed to shareholders of record as of the close of business on November 8, 2022. Invitation Homes is recognized as a leading single-family home leasing company in the U.S., focusing on providing high-quality homes that meet the demands of modern living.

Invitation Homes (NYSE: INVH) has reported a preliminary assessment of Hurricane Ian's impact on its properties in Florida. The Company has identified limited damage across the Tampa, Orlando, and Jacksonville markets. Importantly, there have been no reported injuries among residents or associates. Invitation Homes is covered by insurance for wind and flood damages, subject to specific deductibles. The Company has also partnered with the American Red Cross for hurricane relief donations, demonstrating a commitment to community support.