Fitch Revises Invitation Homes’ Rating Outlook to ‘Positive’ from ‘Stable’

Rhea-AI Summary

Invitation Homes (NYSE: INVH) has received a positive outlook revision from Fitch Ratings, which affirmed the company's ratings and revised its outlook from 'Stable' to 'Positive'. Fitch cited the company's balance sheet and capital access strength as the reason for the revision, highlighting Invitation Homes' relationships with builders, joint venture partnerships, and capital recycling program as sources of funding and future growth opportunities.

DALLAS--(BUSINESS WIRE)-- Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”), announced today that Fitch Ratings (“Fitch”) revised its rating outlook for the Company to ‘Positive’ from ‘Stable’ and affirmed the Company’s ratings, including the ‘BBB’ Long-Term Issuer Default Ratings.

In its public announcement on the matter, Fitch cited its “positive outlook revision considers [the Company’s] balance sheet and capital access strength” and noted that “such access positions the Company well for opportunistic transactions and cushion in addressing upcoming maturities. This is possible with Invitation Homes’ relationships with builders, joint venture partnerships and capital recycling program that provide for a variety of funding avenues and future growth opportunities.”

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The Company's mission, "Together with you, we make a house a home," reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230817963733/en/

Investor Relations Contact:

Scott McLaughlin

844.456.INVH (4684)

IR@InvitationHomes.com

Media Relations Contact:

Kristi DesJarlais

972.421.3587

Media@InvitationHomes.com

Source: Invitation Homes Inc.

FAQ

What is the stock ticker symbol for Invitation Homes?

The stock ticker symbol for Invitation Homes is INVH.

What is the rating outlook revision from Fitch Ratings for Invitation Homes?

Fitch Ratings has revised the rating outlook for Invitation Homes from 'Stable' to 'Positive'.

What are the ratings of Invitation Homes?

Invitation Homes has been affirmed with 'BBB' Long-Term Issuer Default Ratings.

What factors led to the positive outlook revision by Fitch Ratings?

Fitch Ratings revised the outlook to 'Positive' for Invitation Homes due to the company's balance sheet and capital access strength. They also highlighted Invitation Homes' relationships with builders, joint venture partnerships, and capital recycling program as factors contributing to the positive outlook.

How does Invitation Homes benefit from the positive outlook revision?

The positive outlook revision positions Invitation Homes well for opportunistic transactions and provides a cushion for addressing upcoming maturities. The company's relationships with builders, joint venture partnerships, and capital recycling program offer various funding avenues and future growth opportunities.