Invitation Homes Inc. SEC Filings

Invitation Homes Inc. reported Q1 2026 results for the quarter ended March 31, 2026, with total revenues of $734.1 million compared with $674.5 million in Q1 2025. Net income per diluted share declined 2.3% year over year to $0.26, mainly from higher total expenses.

Core FFO per diluted share was stable at $0.48, while AFFO per diluted share slipped 2.6% to $0.41. Same Store Core Revenues grew 1.6% year over year, but Same Store Core Operating Expenses rose 5.7%, leaving Same Store NOI down 0.3% and occupancy at 96.3%.

The company ended March 31, 2026 with available liquidity of $1.304 billion and total debt of $8.87 billion, 89.5% of which was fixed or swapped to fixed, and Net debt / TTM Adjusted EBITDAre at 5.6x. It repurchased 17.1 million shares in Q1 2026 for $438.8 million and fully used a prior $500 million buyback authorization; the board approved a new $500 million repurchase program. Full‑year 2026 guidance calls for Core FFO per diluted share of $1.90–$1.98 and AFFO per diluted share of $1.60–$1.68, with Same Store NOI growth of 0.3%–2.0%.

Invitation Homes Inc ownership disclosure: Vanguard Portfolio Management reports beneficial ownership of 49,469,555 shares of common stock, representing 8.25% of the class. The filer reports sole dispositive power over 49,469,555 shares and sole voting power for 74,252 shares.

Invitation Homes Inc ownership disclosure: The Vanguard Group filed an Amendment No. 8 to a Schedule 13G/A reporting that it beneficially owns 0 shares of Invitation Homes common stock following an internal realignment effective January 12, 2026.

The amendment explains certain Vanguard subsidiaries now report separately under SEC Release No. 34-39538 and that Vanguard no longer is deemed to beneficially own the securities held by those subsidiaries. The form is signed by Ashley Grim on 03/27/2026.

Invitation Homes Inc. is asking stockholders to vote at its virtual 2026 Annual Meeting on May 7, 2026. Holders of its 599,446,021 common shares as of March 17, 2026 can participate online and vote.

Stockholders will elect nine directors for one-year terms, ratify Deloitte & Touche LLP as independent auditor, cast a non-binding advisory vote on executive compensation, and approve the new 2026 Omnibus Incentive Plan, which is intended to replace the 2017 plan.

The proxy highlights governance practices including an independent board chair, eight of nine nominees deemed independent, fully independent key committees, stock ownership guidelines, and board oversight of risk, sustainability, cybersecurity, and AI, supported by regular shareholder engagement.

Invitation Homes Inc. updated executive compensation and adopted substantial new equity awards for senior leaders. Based on 2025 performance, the board’s Compensation Committee increased long-term incentive targets, including a target LTIP award of $11,293,950 for CEO Dallas Tanner and $2,700,000 for CFO Jonathan Olsen, with higher targets also set for other key executives.

The company approved a 2026 long-term stock incentive program using time-vesting and performance-vesting RSUs. Time-based RSUs vest over three years, with grant-date dollar values such as $2,823,488 for Tanner and $675,000 for Olsen. Performance RSUs are earned over a three-year period tied to net operating income growth and relative shareholder return, and can reach up to 300% of target before a dollar value cap linked to a $55.00 share value is applied.

To retain its leadership team amid a competitive talent market and recent recruitment attempts by peers, the committee also approved one-time retention RSU grants effective March 1, 2026. These include $10,000,000 for Tanner, $5,000,000 for Olsen, $6,000,000 for COO Timothy Lobner, and $4,500,000 for CIO Scott Eisen, vesting 65% on the third anniversary and 35% on the fourth, contingent on continued employment. The board believes these awards support long-term stability and alignment with stockholders’ interests.

Invitation Homes Inc. executive Timothy J. Lobner, EVP and Chief Operating Officer, reported multiple equity compensation transactions in company common stock. He received a grant of 21,071 restricted stock units that will vest in three equal annual installments beginning March 1, 2027.

He also received a larger grant of 227,791 restricted stock units, scheduled to vest in two installments, with 65% vesting on March 1, 2029 and 35% on March 1, 2030. To cover tax withholding obligations from vesting of existing awards, Lobner disposed of 730, 808, and 1,511 shares at $26.34 per share through share withholding rather than open-market sales. Following these transactions, his directly held common stock position was reported as 390,420 shares.

Invitation Homes Inc. executive Scott G. Eisen, EVP and Chief Investment Officer, reported multiple equity award and tax-withholding transactions in the company’s common stock. He received grants of 33,695 and 170,843 restricted stock units, which vest over time starting on March 1, 2027 and then in 2029 and 2030. Separate transactions disposed of 1,411 and 2,017 shares at a price of $26.34 per share to cover tax withholding obligations tied to vesting restricted stock units. Following these transactions, Eisen directly holds 271,232 shares of common stock.

Invitation Homes Inc. executive vice president and CFO Jonathan S. Olsen reported a mix of equity awards and related tax-withholding transactions in common stock. He received two grants of restricted stock units: 25,627 units that vest in three equal annual installments beginning on March 1, 2027, and 189,826 units that vest in two installments, with 65% scheduled to vest on March 1, 2029 and 35% on March 1, 2030.

To cover tax obligations tied to vesting of existing restricted stock units, 1,297, 1,425 and 2,218 shares of common stock were disposed of at a price of $26.34 per share, reflecting the closing trading price on February 27, 2026. After these transactions, Olsen directly owned 257,374 shares of common stock.