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 (INVH) maintains its position as a leader in single-family rental property management through strategic acquisitions and community-focused operations. This news hub provides investors and housing market observers with essential updates about the company's activities in key U.S. markets.
Access timely reports on earnings announcements, property portfolio expansions, and operational initiatives. Our curated collection features official press releases alongside market analysis relevant to INVH's focus on transforming distressed properties into quality rental homes. Track developments in core markets including Florida and Western states where the company demonstrates particular strength.
Key coverage areas include strategic partnerships, property rehabilitation projects, and financial performance metrics. Stay informed about INVH's approach to balancing resident needs with investor priorities through its professional management framework. Regular updates provide insights into market trends affecting the single-family rental sector.
Bookmark this page for convenient access to Invitation Homes' latest corporate communications and related industry developments. Check back frequently to maintain current understanding of the company's role in shaping residential real estate markets through its unique operational model.
Invitation Homes (NYSE: INVH) has announced its intent to settle conversions of $345 million in 3.50% convertible senior notes due January 15, 2022, with common stock. For holders converting by this date, the conversion ratio is 43.9448 shares per $1,000 of notes, potentially leading to approximately 15 million new shares issued. This conversion is expected to reduce annual cash interest expenses by about $12 million. A pro forma analysis shows an improvement in net debt to trailing twelve months EBITDAre from 7.1x to 6.8x following the conversion.
Invitation Homes (NYSE: INVH) announced it will release its second quarter 2021 financial results on July 28, 2021, after market close. A conference call is scheduled for July 29, 2021, at 11:00 a.m. ET to discuss the results and recent developments. The call will be accessible via the Invitation Homes Investor Relations website. The company focuses on providing high-quality, updated single-family home leasing, emphasizing a commitment to enhancing residents' living experiences.
Invitation Homes (NYSE: INVH) has announced participation in Nareit's REITweek: 2021 Virtual Investor Conference on June 9, 2021. The company reported notable operational growth for May 2021, including a 14.1% increase in same-store new lease rates and a 5.9% rise in renewal rates. With an occupancy rate of 98.3%, Invitation Homes has adjusted its Core FFO and AFFO guidance upwards by $0.04 and $0.05, respectively, reflecting a positive outlook for the year.
Invitation Homes (NYSE: INVH) has issued $300 million in senior unsecured notes with a weighted average coupon of 2.82%. This placement follows a ‘BBB’ rating from Fitch Ratings, enabling its closure on May 25, 2021. The notes consist of a $150 million tranche maturing in 2028 at 2.46% and another $150 million tranche maturing in 2036 at 3.18%. Proceeds will be utilized for general corporate purposes, including prepayment of high-cost classes of various securitizations maturing between December 2024 and January 2026. The transaction aims to diversify the company's balance sheet.
Invitation Homes reported a 5.7% increase in total revenues to $475 million for Q1 2021, alongside a 14.9% rise in net income to $57 million. Core FFO per share grew 4.5% to $0.36, while AFFO per share increased 6.8% to $0.31. The company achieved a 98.4% occupancy rate, up 170 basis points year-over-year, and reported strong rent growth with 7.9% for new leases. Following a quarter of significant acquisitions, the company also received investment-grade ratings from major agencies, enhancing its financial positioning.
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.
Invitation Homes has declared a quarterly cash dividend of $0.17 per share, payable on or before May 28, 2021, to shareholders on record as of May 11, 2021. This dividend reflects the company’s commitment to providing returns to its investors. Invitation Homes is recognized as the leading single-family home leasing company in the U.S., focusing on high-quality homes that meet modern lifestyle demands.
Invitation Homes (NYSE: INVH) has achieved investment grade ratings from Fitch Ratings and S&P, with Fitch assigning a 'BBB' rating and S&P a 'BBB-' rating, both with stable outlooks. This milestone reflects the company's strategic efforts to reduce leverage and tap into the growing demand for single-family rentals, particularly among millennials. Fitch acknowledged the Company's asset granularity and competitive technology, while S&P highlighted strong operational performance projections due to favorable demographic trends and core market advantages in the Sunbelt region.
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.
