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 has partnered with the Hawes Trail Alliance for three years, committing $150,000 to enhance the Hawes Trail System in Arizona. This funding will support the HTA’s Master Trail Plan, which includes developing new trails, installing signage, and improving safety and awareness. The initiative aims to engage over 8,000 residents near the trails, fostering community service and environmental awareness. CEO Dallas Tanner emphasized this partnership as part of the company’s commitment to sustainability and corporate citizenship, enhancing the outdoor experiences for residents during the pandemic.
Invitation Homes (NYSE: INVH) will release its Q1 2021 financial results on April 28, 2021, after market close. A conference call to discuss these results is scheduled for April 29, 2021, at 11:00 a.m. Eastern time, allowing analysts and investors to ask questions. The call will be accessible via webcast on the Invitation Homes Investor Relations website. The company focuses on providing high-quality, updated single-family homes, emphasizing the importance of customer service and meeting lifestyle demands.
Invitation Homes (NYSE: INVH) announced today that CEO Dallas Tanner, CFO Ernie Freedman, and COO Charles Young will partake in a roundtable discussion at Citi's 2021 Virtual Global Property CEO Conference on March 9 at 11:15 a.m. ET. Investors can access the live audio webcast on the Company’s Investor Relations website at www.invh.com. A replay will be available until April 9, 2021.
Invitation Homes announced the promotions of John Gibson to executive vice president and chief investment officer and Paul Mauk to senior vice president of Portfolio Development. Gibson, who joined in 2016, has a strong background in real estate asset management from Goldman Sachs. Mauk, with experience in real estate investment, aims to enhance revenue initiatives. Additionally, Peter DiLello and Alicia MacPhee joined the company's internal Executive Committee. CEO Dallas Tanner emphasized the value these leaders bring to the company's operations and strategy.
Invitation Homes reported its Q4 and FY 2020 results, showing a 4.5% revenue increase to $464 million in Q4 and 3.3% growth to $1.823 billion for FY 2020. Net income for Q4 rose 36% to $71 million, with per-share earnings at $0.12. Core FFO per share in Q4 declined 0.1% to $0.32, while AFFO fell 1.3% to $0.27. The company enhanced its acquisition strategy, purchasing 1,197 homes for $361 million in Q4. Bad debt increased to 2.5% of rental revenue. A quarterly dividend of $0.17 was approved, marking a 13.3% hike.
Invitation Homes has declared a quarterly cash dividend of $0.17 per share, a 13.3% increase from the previous $0.15 per share. This dividend will be payable on or before February 26, 2021, to stockholders of record as of the close of business on February 10, 2021.
The company is a leading single-family home leasing firm focused on quality living experiences, stating its mission of enhancing residents’ lives.
Invitation Homes (NYSE: INVH) announced the 2020 dividend allocation for its Common Stock. The dividend of $0.15 per share will be paid on February 28, 2020, with a record date of February 12, 2020. These dividends are treated as taxable ordinary dividends, with 71.77% classified as such for tax purposes. The company advises shareholders to consult tax advisors regarding their individual tax situations. The details regarding federal and state tax implications for REIT dividends are also provided.
Invitation Homes (NYSE: INVH) will release its fourth quarter 2020 financial results on February 16, 2021, after market close. A conference call will follow on February 17, 2021, at 11:00 a.m. ET, to discuss results and recent events. Interested parties can access the call via webcast on the company’s Investor Relations website. Invitation Homes specializes in single-family home leasing, providing high-quality homes to meet lifestyle demands, reinforcing its commitment to enhance residents' living experiences.
Invitation Homes (NYSE:INVH) reported a 3.6% increase in total revenues to $459 million for Q3 2020, while property operating expenses rose 1.4% to $178 million. Net income fell 3.2% to $33 million, with net income per diluted share down 7.2% to $0.06. However, both Core FFO per share and AFFO per share saw increases of 1.9% and 5.8%, respectively. The company acquired 544 homes for $175 million in Q3 and formed a joint venture expected to deploy over $1 billion for further acquisitions.
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