Invitation Homes reports Q2 core FFO 44c, consensus 45c

Reports Q2 revenue $600.372M, consensus $597.45M. “We’re pleased to report second quarter results that demonstrate strong progress for the first half of 2023. Robust demand for our homes continued into the peak leasing season, with Same Store Average Occupancy remaining high at 97.6% and Same Store blended rental rate growth at 7.0% year over year. As a result of solid year-to-date execution by our teams and our continued expectations that supply and demand fundamentals will remain favorable, we are raising our 2023 full year guidance, including an increase of 25 basis points at the midpoint for our Same Store NOI growth guidance and an increase of $0.01 at the midpoint for our Core FFO per share and AFFO per share guidance.”