INVH
Invitation Homes Inc.26.84
-0.06-0.22%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms outlook, prioritizes buybacks
Q&A largely reaffirmed prepared remarks and 2026 guidance, but added leasing color: blended growth at 1.5% quarter-to-date tracks mid-2% outlook amid healthy leads, moderating Sunbelt supply (Florida, Texas, Arizona), and zero scatter-site concessions into peak season. Buybacks emerged as compelling amid share dislocation, funded by $550M dispositions. Expenses face tough comps on taxes/insurance plus $0.02 advocacy costs; regulatory talks collaborative, BTR-favorable. No ResiBuilt growth specifics yet. Management stayed crisp on controllables. Supply feels transitory.
Key Stats
Market Cap
16.45BP/E (TTM)
28.25Basic EPS (TTM)
0.95Dividend Yield
0.04%Recent Filings
8-K
Execs get big retention RSUs
Invitation Homes' Compensation Committee approved hefty 2026 LTIP RSU grants and extraordinary retention awards on March 1, 2026, amid 2025 poaching attempts on its leadership. CEO Tanner scored $10M retention RSUs vesting over four years, plus $11.3M target LTIP; others like CFO Olsen got $5M retention. Retention locks in talent. Competitive talent market persists.
8-K
ResiBuilt acquisition detailed
Invitation Homes released its March 2026 investor presentation under Regulation FD, highlighting the ResiBuilt acquisition that adds BTR development capabilities, including 23 fee-build contracts and 1,500 lot options. ResiBuilt, now a full subsidiary, eyes $0.02 per share AFFO boost in 2026 while enabling control over design and supply. Same-store blended rent growth hit 1.5% in Jan-Feb 2026, topping multifamily peers. Balance sheet stays fortress-like at 5.3x net debt leverage.
10-K
FY2025 10-K filing
Invitation Homes filed its 10-K for FY2025 ended December 31, 2025, but financial statements and MD&A with topline, profitability, or quarterly results not disclosed in the provided filing. Exhibits detail amendments to revolving credit and term loan agreements dated February 4-5, 2026, restating SOFR definitions and Total Asset Value calculations with caps like 17.5% on development/vacant land and $750M on vacant properties. No revenue, EPS, cash flow, or segment metrics provided. Liquidity supported by ongoing credit facility amendments. No annual guidance disclosed. Tenant turnover risks could disrupt quarterly rent collections.
8-K
Q4 revenues up 4%; 2026 AFFO guide
Invitation Homes posted Q4 revenues up 4.0% to $685M and FY up 4.2% to $2.7B, with Same Store NOI rising 0.7% and 2.3% respectively despite occupancy dipping to 95.9%. Core FFO per share hit $0.48, up 1.3%; AFFO flat at $0.41. Repurchased $100M shares; ResiBuilt buy adds build-to-rent muscle. 2026 AFFO guides $1.60-$1.68.
8-K
CLO Solls retiring 2026
IPO
Employees
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