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., trading under the stock symbol INVH, is a leading provider in the single-family rental home market in the United States. Specializing in the acquisition, rehabilitation, leasing, and professional management of single-family homes, Invitation Homes focuses on transforming distressed properties into desirable rental homes.
Corporate Overview
The company operates a robust portfolio of over 84,000 single-family rental homes, strategically located in 16 high-growth markets across the U.S., including Arizona, California, Nevada, Washington, Illinois, Georgia, the Carolinas, Florida, and Minnesota. The majority of their homes are situated in regions with high employment and rapid household formation growth, with nearly 70% of their portfolio concentrated in the Western U.S. and Florida.
Business Model and Operations
Invitation Homes targets the starter and move-up segments of the housing market, with homes typically priced around $350,000 and measuring less than 1,800 square feet. Their innovative investment approach not only helps residents establish long-term community ties but also contributes to the rejuvenation of neighborhoods and the creation of thriving cities across America.
Management and Partnerships
The company is managed by a team of seasoned professionals with deep expertise in the residential property industry, in collaboration with one of the world’s leading private equity firms. This partnership enhances Invitation Homes' financial stability and entrepreneurial vision, enabling it to lead the single-family rental market effectively.
Recent Achievements and Projects
Recently, Invitation Homes has expanded its portfolio significantly, reaching a total of over 84,000 homes. The company continues to grow, focusing on markets where renting is more affordable than homeownership. Their recent investments aim to enhance the living experience for residents through upgrades and community-focused initiatives.
Financial Condition
Invitation Homes boasts a strong financial position, supported by its substantial portfolio and strategic market targeting. The company's innovative business model and strategic partnerships ensure continuous growth and stability.
For the latest updates, news, and developments regarding Invitation Homes Inc., stay tuned to our news section.
Invitation Homes (NYSE: INVH), the nation's premier single-family home leasing and management company, has announced a quarterly cash dividend increase. The company's board of directors declared a regular quarterly dividend of $0.29 per share, representing a 3.6% increase from the previous $0.28 per share. The dividend will be paid on or before January 17, 2025, to stockholders of record as of the close of business on December 26, 2024.
Invitation Homes (NYSE: INVH) has announced a new joint venture partnership to invest in newly-constructed homes in high-growth markets. The JV will deploy approximately $500 million, including debt, with initial total equity commitment of $200 million. Invitation Homes will commit $50 million in equity and provide management services, earning management fees and potential promoted interest. The company will also have rights to potentially acquire the JV's homes in the future. The partnership aims to leverage Invitation Homes' builder relationships, management expertise, and scale to expand their housing portfolio.
Invitation Homes (NYSE: INVH) has released its annual sustainability report titled 'Bringing Sustainability Home,' highlighting the company's 2023 sustainability initiatives and achievements. The report demonstrates the company's dedication to creating long-term value for stakeholders through sustainable practices. CEO Dallas Tanner emphasized that sustainability is fundamental to their operations and growth strategy, focusing on actions that benefit stakeholders, strengthen business resilience, and create positive societal impact.
Invitation Homes (NYSE: INVH) has voluntarily prepaid the outstanding balance of its IH 2018-4 securitization, which had a principal balance of approximately $630.2 million as of September 30, 2024. The prepayment was executed using unrestricted cash from the company's August 2023 bond issuance. Following this strategic move, Invitation Homes has no debt maturing before 2027, and approximately 90 percent of the company's wholly-owned properties are now unencumbered.
Invitation Homes (NYSE: INVH) reported Q3 2024 financial results with total revenues increasing 6.9% to $660 million. Net income decreased 27.8% to $95 million, with earnings per share at $0.15. Core FFO per share grew 6.8% to $0.47, while AFFO per share increased 7.2% to $0.38. Same Store NOI rose 3.9% with 3.6% revenue growth. The company acquired 926 homes for $331 million and sold 331 homes for $128 million. The company raised its full year 2024 guidance, with Core FFO expected at $1.88 per share and AFFO at $1.59 per share. Hurricane damages resulted in estimated expenses of $51.5 million net of insurance recoveries.
Invitation Homes Inc. (NYSE: INVH), the leading single-family home leasing and management company in the United States, has announced the dates for its third quarter 2024 earnings release and conference call. The company will release its financial and operating results on Wednesday, October 30, 2024, after market close. A conference call and webcast are scheduled for Thursday, October 31, 2024, at 2:00 p.m. Eastern Time.
The conference call will include a review of the quarter's results, recent events, and a Q&A session. Investors can access the live webcast and related information on the company's investor relations website at www.invh.com. A replay of the webcast will be available on the website for one year following the call.
For those wishing to join the live conference call, the domestic dial-in number is 1-888-330-2384, and the international number is 1-240-789-2701. The conference ID is 7714113.
Invitation Homes Inc. (NYSE: INVH) has announced the appointment of Rear Adm. H. Wyman Howard III, USN (Ret) to its Board of Directors, effective October 1, 2024. Michael Fascitelli, chairperson of the Board, and Dallas Tanner, CEO, welcomed Mr. Howard, highlighting his leadership skills and operational experience.
Mr. Howard retired from the U.S. Navy in September 2022 after over 32 years of service. His career includes multiple tours commanding Special Operations Joint Task Forces and serving as the Commander of Naval Special Warfare Command. He also served as the Director of Operations for the National Geospatial-Intelligence Agency.
Mr. Howard's educational background includes an MBA from the TRIUM consortium and a Master of Science in National Security and Resource Strategy. He also serves on the board of Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER).
Invitation Homes (NYSE: INVH) has reached an agreement with the Federal Trade Commission (FTC) to resolve a civil investigation into certain company business practices. The resolution includes a $48 million payment in monetary relief to the FTC, with no civil penalties or admission of wrongdoing by the company.
Invitation Homes maintains that its disclosures and practices are industry-leading among professional peers and smaller single-family home rental owners. The agreement concludes the FTC's three-year investigation and allows the company to move forward, focusing on continuous improvement in customer service and business practices.
The company reaffirms its commitment to providing high-quality living experiences for individuals and families seeking flexibility in housing options, as well as maintaining transparency with all stakeholders.
Invitation Homes Inc. (NYSE: INVH) announced that its operating partnership has priced a public offering of $500 million aggregate principal amount of 4.875% Senior Notes due 2035. The Notes were priced at 98.855% of the principal amount and will mature on February 1, 2035. The offering is expected to close on September 26, 2024, subject to customary conditions.
The Notes will be fully and unconditionally guaranteed by the Company, Invitation Homes OP GP , and IH Merger Sub, The net proceeds will be used for general corporate purposes, including potential repayment of indebtedness, working capital, acquisitions and renovations of single-family properties.
Multiple financial institutions are acting as joint book-running managers and co-managers for the offering. The offering is being made pursuant to an effective shelf registration statement filed with the SEC.
Invitation Homes (NYSE: INVH), the leading single-family home leasing and management company in the US, has received a credit rating upgrade from Fitch Ratings. The company's issuer and issue-level credit ratings have been raised to 'BBB+' from 'BBB' with a stable outlook.
Fitch's upgrade reflects Invitation Homes' progress in reducing leverage and enhancing capital markets access. The rating agency also noted the company's favorable operating trends in its sector and its well-diversified, granular portfolio.
Jon Olsen, Executive Vice President and CFO of Invitation Homes, expressed satisfaction with the upgrade, viewing it as validation of the company's strong balance sheet, financial flexibility, and overall growth strategy.
FAQ
What is the current stock price of Invitation Homes (INVH)?
What is the market cap of Invitation Homes (INVH)?
What does Invitation Homes Inc. do?
How many homes does Invitation Homes own?
Where are Invitation Homes' properties located?
What segment of the housing market does Invitation Homes target?
What is the average price and size of homes in Invitation Homes' portfolio?
Who manages Invitation Homes?
What makes Invitation Homes' business model unique?
Where is Invitation Homes' corporate office located?
How does Invitation Homes impact communities?
What is the financial condition of Invitation Homes?
