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) announced an upgrade in its credit ratings by S&P Global Ratings from 'BBB-' to 'BBB' with a Stable outlook. This upgrade recognizes the company's efforts over the past two years to strengthen its balance sheet, successfully refinancing over
Invitation Homes (NYSE: INVH) announced leadership changes to enhance its operational strength. David Ayers is appointed Senior Vice President of Engineering, with a background in technology leadership. Ryan Judge steps up as SVP of Technology Management and Data, while Angie Luna transitions to SVP of Operations Support. Scott McLaughlin takes the role of SVP, Investor Relations & Tax. Tracy Valenzuela and Marnie Vaughn also receive promotions, with Vaughn joining the Executive Committee. CEO Dallas Tanner expressed appreciation for their contributions, underscoring the importance of strong leadership in achieving the company's mission in home leasing.
Invitation Homes (NYSE: INVH) announced that CEO Dallas Tanner will participate in a roundtable discussion at Citi's 2023 Global Property CEO Conference on March 6 at 10:35 a.m. ET. Investors can access a live audio webcast on the Company's website, www.invh.com, with a replay available until April 6, 2023. As a premier single-family home leasing company in the S&P 500, Invitation Homes is dedicated to providing families with high-quality homes and exceptional service, aiming to create environments where individuals can thrive.
Invitation Homes (NYSE: INVH) has promoted Charles Young to President and Chief Operating Officer, effective immediately. Dallas Tanner will remain Chief Executive Officer. Young has been with the company since November 2017, serving as Executive Vice President and COO. His extensive experience includes leading roles at Starwood Waypoint Homes and Mesa Development. Tanner expressed confidence in Young's leadership, emphasizing his integral role in building the company and enhancing resident experiences. Invitation Homes is recognized as a leading single-family home leasing company in the U.S., focusing on meeting lifestyle demands and providing high-quality homes.
Invitation Homes (NYSE: INVH) released its Q4 and FY 2022 financial results, reflecting a robust revenue growth of 11.5% year-over-year for Q4, reaching $580 million, and 12.1% for FY 2022 at $2,238 million. Net income for Q4 was $100 million ($0.16/share), up from $0.12/share YoY. Core FFO rose 10.6% to $0.43/share, while AFFO grew by 9.2% to $0.36/share. The company managed a Same Store NOI increase of 3.7% in Q4 and 9.1% for FY 2022. Average occupancy was 97.3% in Q4, slightly down from the previous year. The board declared a quarterly dividend of $0.26, an 18.2% increase from the last quarter.
Invitation Homes (NYSE: INVH) has declared a $0.26 quarterly cash dividend per share, reflecting an 18.2% increase from the previous dividend of $0.22. This dividend will be payable by February 28, 2023, to stockholders of record as of February 14, 2023. As a leading single-family home leasing company in the U.S., Invitation Homes aims to offer high-quality homes that meet modern lifestyle needs. The company's focus on providing updated homes near job centers and schools underscores its commitment to enhancing resident living experiences.
Invitation Homes (NYSE: INVH) announced the resignation of Ernie Freedman as Executive Vice President, Chief Financial Officer, and Treasurer effective June 1, 2023. His successor, Jonathan Olsen, who has been with the company since its inception, will take over the role. Freedman will assist the transition as a consultant until March 31, 2024. Olsen's extensive experience with Invitation Homes and his previous roles in finance and capital markets position him well for this new leadership role. The company continues to focus on enhancing its service and value to residents while navigating future growth.
Invitation Homes Inc. (NYSE: INVH) will announce its fourth quarter 2022 financial and operating results on February 15, 2023, after market close. A conference call is scheduled for February 16, 2023, at 11:00 a.m. Eastern Time, to discuss the results and recent developments. Investors can listen to the call via webcast on the company's Investor Relations website. The company focuses on single-family home leasing, aiming to meet lifestyle changes by providing updated homes near jobs and schools, committed to enhancing residents' living experiences.
Invitation Homes Inc. (NYSE: INVH) has announced the 2022 dividend allocation for federal income tax purposes. The dividends were calculated using the best available information as the tax return for 2022 has not been filed yet. Key details include a dividend of $0.22 per share for each quarter, payable on various dates from February to November 2022. 78.67% of these dividends are classified as taxable ordinary dividends, while 18.11% is allocated as capital gain. Stockholders are advised to consult tax advisors regarding the implications on their tax returns, as taxation can vary by state.
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