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 declared a $0.22 quarterly cash dividend per share, payable by August 26, 2022, to stockholders of record as of August 9, 2022. This dividend reflects the company's commitment to returning value to its shareholders. As a leading single-family home leasing company, Invitation Homes aims to meet the evolving demands of lifestyle by providing access to high-quality homes in desirable locations. Their mission emphasizes enhancing residents' living experiences.
Invitation Homes (NYSE: INVH) will release its Q2 2022 financial results on July 27, 2022, after market close. A conference call is scheduled for July 28, 2022, at 11:00 a.m. ET, to discuss the results and recent developments. Investors can access the call via the company's website or participate by dialing in. Invitation Homes is recognized as a top single-family home leasing company, committed to providing quality homes and enhancing residents' living experiences.
Invitation Homes (NYSE: INVH) announced its management team will participate in a roundtable discussion at Nareit’s REITweek 2022 Investor Conference on June 8 at 2:45 p.m. Eastern Time. A live audio webcast will be accessible on the Company’s investor relations website, www.invh.com, with a replay available until July 8, 2022. Invitation Homes is a leading single-family home leasing company focused on providing quality homes in desirable locations, supporting families and individuals through its mission of making a house a home.
Invitation Homes (NYSE: INVH) has appointed John D. Huh as senior vice president, Legal. Huh brings over 15 years of experience in areas such as litigation and compliance, and will be responsible for the company's legal strategy and litigation management. Mark Solls, executive vice president, Legal, stated that Huh's addition will enhance the company's legal approach. Prior to this role, Huh was a partner at Duane Morris LLP and DLA Piper LLP, and served as a judicial law clerk in the U.S. District Court for the Eastern District of Pennsylvania.
Invitation Homes Inc. (NYSE: INVH) reported strong Q1 2022 results, with total revenues of $532 million, a 12% increase year-over-year. Net income rose 61.3% to $92 million, leading to earnings of $0.15 per diluted share, up from $0.10 in Q1 2021. Core FFO per share increased 13.5% to $0.40, while AFFO per share rose 11.9% to $0.35. Same Store NOI improved by 11.7%, driven by 9.4% Core Revenues growth. The company continues to experience high demand, with Same Store occupancy at 98.1%. Additionally, a public offering of $600 million senior notes was completed to manage debt.
Invitation Homes has declared a quarterly cash dividend of $0.22 per share, payable to shareholders of record by May 10, 2022. The dividend payment is scheduled for on or before May 27, 2022. As a leader in the single-family home leasing sector, Invitation Homes focuses on providing quality homes to meet evolving lifestyle demands, underscoring its mission to enhance residents' living experiences.
Invitation Homes (NYSE: INVH) will announce its first quarter 2022 financial and operating results on April 27, 2022, after market hours. A conference call is scheduled for April 28, 2022, at 11:00 a.m. Eastern Time, which will cover the results and allow for a Q&A session. The call will be accessible via webcast on the company's investor relations site. Invitation Homes focuses on providing high-quality single-family home leasing services, aligning with changing lifestyle demands.
Invitation Homes (NYSE: INVH) announced a public offering of $600 million in Senior Notes due April 15, 2032, priced at 99.739% of the principal amount. The offering is expected to close on April 5, 2022. Proceeds will be used to repay $204.6 million of a mortgage loan and for general corporate purposes, including acquisitions and renovations. The offering is conducted under an effective shelf registration statement with the SEC, and several financial institutions are acting as joint book-running managers.
Invitation Homes (NYSE: INVH) has promoted Greg Van Winkle to Senior Vice President of Corporate Strategy & Capital Markets, effective immediately. Since joining in July 2016, Van Winkle has played a key role in securing financial capital and strategic growth for the company. CEO Dallas Tanner praised his contributions, emphasizing the importance of strong leadership in their home leasing operations. Van Winkle previously worked at Morgan Stanley, focusing on equity research in the REIT sector.
FAQ
What is the current stock price of Invitation Homes (INVH)?
What is the market cap of Invitation Homes (INVH)?
What does Invitation Homes Inc. do?
How many homes does Invitation Homes own?
Where are Invitation Homes' properties located?
What segment of the housing market does Invitation Homes target?
What is the average price and size of homes in Invitation Homes' portfolio?
Who manages Invitation Homes?
What makes Invitation Homes' business model unique?
Where is Invitation Homes' corporate office located?
How does Invitation Homes impact communities?