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 (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.
Invitation Homes (NYSE: INVH) has announced a new joint venture with Rockpoint Group, aiming to acquire higher price-point single-family rental homes in premium locations. The JV will operate with a total equity commitment of $300 million, where INVH contributes $50 million (16.7%) and Rockpoint contributes $250 million (83.3%). The initiative targets acquisitions with rents 30%-60% higher than its traditional strategy, focusing on top markets in the Western US, Southeastern US, Florida, and Texas.
Invitation Homes (NYSE: INVH) announced that CEO Dallas Tanner will speak at Citi's 2022 Global Property CEO Conference on March 8 at 2:45 p.m. ET. The event will be available via live audio webcast on the company's website, with a replay accessible until April 8, 2022. As a leading single-family home leasing company, Invitation Homes focuses on providing high-quality homes that meet modern lifestyle demands, emphasizing proximity to jobs and quality schools, with a mission to enhance living experiences.
Invitation Homes (NYSE: INVH) announced the appointment of Philip Yi as senior vice president of Marketing. Bringing over 20 years of experience, Yi will lead the marketing team to enhance brand strategy and execution. Previously, he was CEO of Modus Digital and co-founder of a fintech firm acquired by a public company. His background includes roles at Omni Hotels, JC Penney, and McKinsey, along with military service in the U.S. Navy. The company aims to provide exceptional living experiences as the leading single-family home leasing entity.
Invitation Homes Inc. (NYSE: INVH) reported strong financial results for Q4 2021 and FY 2021. Total revenues increased by 12.1% year-over-year in Q4 to $520 million, while FY revenues rose 9.5% to $1,997 million. Net income for Q4 was $74 million ($0.12/share), with FY net income at $261 million ($0.45/share). Core FFO and AFFO per share also saw substantial growth, increasing 19.7% and 21.0%, respectively. The company maintained high occupancy rates of 98.1% in Q4, while Same Store NOI grew 12.6%.
Invitation Homes (NYSE: INVH) has declared a quarterly cash dividend of $0.22 per share, marking a significant 29.4% increase from the previous dividend of $0.17. This dividend is set to be paid on or before February 28, 2022, to stockholders of record as of February 14, 2022. The company's focus on providing high-quality, updated single-family homes reflects its mission to enhance living experiences for individuals and families.
Invitation Homes (NYSE: INVH) has announced a commitment of $250 million in equity capital to launch Pathway Homes, a new real estate venture focused on innovative housing solutions in the U.S. residential market. Pathway aims to assist first-time homebuyers by allowing them to lease and eventually purchase their homes, thereby broadening housing options and promoting homeownership. Invitation Homes will also provide maintenance and management services to these properties, enhancing its third-party property management capabilities.
Invitation Homes (NYSE: INVH) announced the 2021 dividend allocation for federal income tax purposes, detailing a consistent dividend of $0.17 per share for four payment dates, beginning February 26, 2021. The taxable ordinary dividends represent 74.46% of the total, with 21.84% classified as capital gains. It's noted that tax implications vary by locality, urging stockholders to consult tax advisors for accurate reporting.
Invitation Homes (NYSE: INVH) will release its fourth quarter 2021 financial results on February 15, 2022, after market close. A conference call to discuss these results will take place on February 16, 2022, at 11:00 a.m. Eastern time. The call can be accessed via the company's Investor Relations website. Invitation Homes aims to provide high-quality, updated homes, reflecting its commitment to enhancing residents' living experiences. The company emphasizes its mission to create comfortable homes for families.
Invitation Homes has priced a public offering of $600 million in 2.300% Senior Notes due 2028 and $400 million in 2.700% Senior Notes due 2034. The 2028 Notes are priced at 99.871%, maturing on November 15, 2028, while the 2034 Notes are priced at 99.809%, maturing on January 15, 2034. The offering is expected to close on November 5, 2021. Proceeds will be used to repay existing mortgage loans and for general corporate purposes. The offering is facilitated by multiple financial institutions, ensuring a broad market participation.
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