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Invitation Homes Inc (INVH)
NYSE:INVH
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.18Last Year’s EPS
0.12Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 3.74%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance, high occupancy, and strategic growth through acquisitions and developments. However, there are some concerns about renewal rent growth moderation, challenges in select markets, and potential increases in turnover during the peak leasing season.Company Guidance
During Invitation Homes' first quarter 2025 earnings call, the company reported several key metrics highlighting its strong performance. The same-store portfolio achieved an average occupancy rate of 97.2%, with a blended rent growth of 3.6% and a year-over-year increase in net operating income (NOI) of 3.7%. Core funds from operations (FFO) per share grew by 3.5%, while adjusted funds from operations (AFFO) per share increased by 4%. The firm also acquired 577 wholly owned homes for approximately $194 million and disposed of 454 homes. Turnover expenses decreased by 5.1% year-over-year, contributing to favorable expense results. The average length of stay extended to 38.5 months, with a renewal rate of nearly 80% in the first quarter. Looking ahead, the company reaffirmed its full-year 2025 guidance, emphasizing its focus on disciplined capital allocation and sustainable growth.Strong Financial Performance
During the first quarter, same-store portfolio delivered 97.2% average occupancy, 3.6% blended rent growth, and a 3.7% year-over-year increase in NOI. Core FFO per share grew 3.5% year-over-year, and AFFO per share grew 4%.
High Occupancy and Renewal Rates
The company reported a nearly 80% renewal rate during the first quarter with an average length of stay of 38.5 months, reflecting sustained demand and customer satisfaction.
Strong Balance Sheet
Total available liquidity stood at nearly $1.4 billion as of March 31, with a net debt to adjusted EBITDA ratio of 5.3x. The company's credit rating was reaffirmed at BBB by S&P, with an upgraded outlook from stable to positive.
Strategic Acquisitions and Developments
Acquired 577 wholly owned homes for approximately $194 million, nearly all newly built, while disposing of 454 homes. Developing nearly 2,000 additional homes in key markets, providing a reliable pipeline of future growth opportunities.
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INVH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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INVH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 30, 2025 | $34.19 | $35.11 | +2.69% |
| Feb 26, 2025 | $31.30 | $33.04 | +5.56% |
| Oct 30, 2024 | $32.66 | $30.87 | -5.48% |
| Jul 24, 2024 | $35.07 | $32.37 | -7.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Invitation Homes Inc (INVH) report earnings?
Invitation Homes Inc (INVH) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Invitation Homes Inc (INVH) earnings time?
Invitation Homes Inc (INVH) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INVH EPS forecast?
INVH EPS forecast for the fiscal quarter 2025 (Q2) is 0.18.
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