Invitation Homes Stock Price, News & Analysis

reAlpha has appointed Jorge Aldecoa as President of reAlpha Asset Management, aiming to enhance its short-term rental portfolio. Aldecoa brings over 15 years of experience in residential real estate, previously managing a $1 billion portfolio at Invitation Homes (INVH). His leadership is expected to accelerate reAlpha's investment activity, utilizing his extensive knowledge to acquire high-quality short-term rental properties. This strategic hire highlights the company's commitment to expanding its presence in the $1.2 trillion global short-term rental market.

Invitation Homes reported its Q2 2022 results, with revenues up 13.4% to $557 million and net income rising 83.9% to $111 million. Core FFO per share increased 13.2% to $0.42, while AFFO per share rose 11.9% to $0.36. Same Store NOI grew 12.4%, driven by 10.4% Core Revenue growth and 6.2% Core Operating Expenses growth. The company acquired 955 homes for $426 million and announced guidance increases for FY 2022, including a range of $1.66 to $1.72 for Core FFO per share and Same Store NOI growth of 10.0% to 11.5%. A quarterly dividend of $0.22 per share was also declared.

Invitation Homes has declared a $0.22 quarterly cash dividend per share, payable by August 26, 2022, to stockholders of record as of August 9, 2022. This dividend reflects the company's commitment to returning value to its shareholders. As a leading single-family home leasing company, Invitation Homes aims to meet the evolving demands of lifestyle by providing access to high-quality homes in desirable locations. Their mission emphasizes enhancing residents' living experiences.

Invitation Homes (NYSE: INVH) will release its Q2 2022 financial results on July 27, 2022, after market close. A conference call is scheduled for July 28, 2022, at 11:00 a.m. ET, to discuss the results and recent developments. Investors can access the call via the company's website or participate by dialing in. Invitation Homes is recognized as a top single-family home leasing company, committed to providing quality homes and enhancing residents' living experiences.

Invitation Homes (NYSE: INVH) announced its management team will participate in a roundtable discussion at Nareit’s REITweek 2022 Investor Conference on June 8 at 2:45 p.m. Eastern Time. A live audio webcast will be accessible on the Company’s investor relations website, www.invh.com, with a replay available until July 8, 2022. Invitation Homes is a leading single-family home leasing company focused on providing quality homes in desirable locations, supporting families and individuals through its mission of making a house a home.

Invitation Homes (NYSE: INVH) has appointed John D. Huh as senior vice president, Legal. Huh brings over 15 years of experience in areas such as litigation and compliance, and will be responsible for the company's legal strategy and litigation management. Mark Solls, executive vice president, Legal, stated that Huh's addition will enhance the company's legal approach. Prior to this role, Huh was a partner at Duane Morris LLP and DLA Piper LLP, and served as a judicial law clerk in the U.S. District Court for the Eastern District of Pennsylvania.

Invitation Homes Inc. (NYSE: INVH) reported strong Q1 2022 results, with total revenues of $532 million, a 12% increase year-over-year. Net income rose 61.3% to $92 million, leading to earnings of $0.15 per diluted share, up from $0.10 in Q1 2021. Core FFO per share increased 13.5% to $0.40, while AFFO per share rose 11.9% to $0.35. Same Store NOI improved by 11.7%, driven by 9.4% Core Revenues growth. The company continues to experience high demand, with Same Store occupancy at 98.1%. Additionally, a public offering of $600 million senior notes was completed to manage debt.