Invitation Homes Receives Investment Grade Rating from Moody's

Rhea-AI Summary

Invitation Homes (NYSE: INVH) has received a ‘Baa3’ rating with a Stable outlook from Moody's Investor Services. This rating reflects the Company’s leading position in the single-family rental market and its strong balance sheet. Moody's highlighted the substantial unencumbered portfolio located in desirable neighborhoods, along with the Company's resilience during the COVID-19 pandemic. The report notes that Invitation Homes benefits from favorable market conditions, including high demand, demographic shifts, and limited supply, which support growth in the sector.

Positive

• Received 'Baa3' rating from Moody's with a Stable outlook.
• Largest single-family rental operator, indicating market dominance.
• Stable and flexible balance sheet supports growth initiatives.
• Large unencumbered portfolio in high-demand residential areas.
• Resilient operating performance during COVID-19 crisis.
• Benefits from strong market fundamentals and demographic shifts.

Negative

• None.

Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”) announced today that the Company has received a ‘Baa3’ rating with a Stable outlook from Moody’s Investor Services (“Moody’s”). Moody’s stated in its published report that its rating incorporates the Company’s “dominant platform as the largest single-family rental (SFR) home operator in a highly fragmented sector, backed by a stable and flexible balance sheet with a good liquidity and funding profile to support growth.”

The report added that the Company’s “large and substantially unencumbered portfolio is located in sought-after residential neighborhoods with attractive demand drivers and high-growth potential. Additionally, the business’ operating performance has been resilient during the COVID-19 (coronavirus) crisis. Moreover, the REIT continues to benefit from the sector’s strong underlying fundamentals and secular tailwinds due to persistently constrained supply, demographic changes and growing SFR demand.”

About Invitation Homes

Invitation Homes 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/20210426005903/en/

FAQ

What is the recent rating given to Invitation Homes by Moody's?

Invitation Homes was rated 'Baa3' with a Stable outlook by Moody's Investor Services.

How does Moody's view Invitation Homes' market position?

Moody's acknowledges Invitation Homes as the largest single-family rental operator in a fragmented sector.

What are the key strengths of Invitation Homes as mentioned in the Moody's report?

Key strengths include a strong balance sheet, unencumbered property portfolio, and resilience during the COVID-19 pandemic.

What factors are driving demand in Invitation Homes' market?

Factors include demographic changes, limited supply, and a growing demand for single-family rentals.

Why is the Moody's rating important for INVH stock investors?

The 'Baa3' rating signals financial stability and growth potential, which can influence investor confidence and stock performance.