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 Inc. (NYSE: INVH) reported a strong Q3 2021, with total revenues of $510 million, up 11.0% year over year. Property operating costs rose 3.6%, totaling $184 million. Net income was $69 million, equating to $0.12 per diluted share. Core FFO per share saw a 27.0% increase to $0.38, while AFFO per share rose 32.7% to $0.32. Same Store NOI grew 11.9%, driven by 7.9% Core Revenues growth. The company accelerated acquisitions, totaling 1,684 homes for $722 million. Guidance for full-year 2021 was also raised, with Core FFO per share now expected to be $1.49.
Invitation Homes declared a quarterly cash dividend of $0.17 per share, payable to shareholders of record as of November 9, 2021. The dividend will be distributed on or before November 24, 2021. This reflects the company's commitment to return value to its shareholders while maintaining its focus on providing high-quality single-family home leasing services, aiming to meet growing lifestyle demands.
Invitation Homes (NYSE: INVH) will release its third quarter 2021 financial results on October 27, 2021, after market close. A conference call to discuss these results will take place on October 28, 2021, at 11:00 a.m. Eastern time. Investors can access the call via the company's Investor Relations website. Invitation Homes specializes in single-family home leasing, focusing on providing high-quality homes that meet lifestyle demands.
Invitation Homes Inc. (NYSE: INVH) has priced an offering of 12,500,000 shares of common stock at $40.00 per share, with a 30-day option for underwriters to purchase an additional 1,875,000 shares. The offering is set to close on September 28, 2021. Proceeds will be utilized for general corporate purposes, including working capital, debt repayment, and property acquisitions and renovations. Citigroup and Morgan Stanley are the underwriters for this offering, which is being made under an effective shelf registration statement.
Invitation Homes (NYSE: INVH) has initiated an offering of 10,000,000 shares of its common stock, with an option for underwriters to purchase an additional 1,500,000 shares. The proceeds will be allocated for general corporate purposes, including working capital and property-related activities. Citigroup and Morgan Stanley are the underwriters for this offering. The stock offering is registered under an effective shelf registration statement, and details can be accessed via the SEC's website. This announcement is a strategic move to support the company's growth and operational needs.
Invitation Homes (NYSE: INVH) has disclosed updates ahead of upcoming investor outreach. Key highlights include a strong leasing performance with 8.0% renewal rates in August 2021, and 98.1% average occupancy. The company continues assisting residents facing financial difficulties, having secured over
Invitation Homes has priced a public offering of $650 million of 2.000% Senior Notes due 2031, maturing on August 15, 2031. The notes were priced at 98.396% of the principal amount, with closing expected on August 6, 2021. Proceeds from the offering will be used to repay secured indebtedness related to specific securitization mortgages. The offering is conducted under an effective shelf registration statement filed with the SEC, with major financial institutions acting as managers.
Invitation Homes (NYSE: INVH) reported a strong Q2 2021, with revenues up 9.3% to $492 million and net income surging 40.8% to $60 million. Core FFO increased 14.4% to $0.37 per share, while AFFO rose 16.9% to $0.32. The company achieved a Same Store NOI growth of 8.4% and maintained a high occupancy rate of 98.3%. Notably, Invitation Homes plans to acquire 7,500 new homes from PulteGroup over five years. The company raised full-year guidance for Core FFO and AFFO by $0.02 each, reflecting optimistic growth expectations.
Invitation Homes (NYSE: INVH) and PulteGroup (NYSE: PHM) have formed a strategic alliance to enhance single-family home leasing. Over the next five years, Invitation Homes anticipates purchasing around 7,500 newly constructed homes from PulteGroup, tailored for leasing purposes. Initial agreements include over 1,000 homes across seven communities, with first sales expected in 2022. The collaboration aims to meet the rising demand for rental homes, focusing on quality and location, benefiting both companies in their respective markets.
Invitation Homes declared a quarterly cash dividend of $0.17 per share, payable by August 27, 2021, to stockholders of record as of August 10, 2021. This reflects the company's ongoing commitment to returning value to shareholders. As the leading single-family home leasing company in the U.S., Invitation Homes focuses on providing high-quality homes that meet modern lifestyle demands, emphasizing features like job proximity and access to quality schools.
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