Invitation Homes ( (INVH) ) has released its Q4 earnings. Here is a breakdown of the information Invitation Homes presented to its investors.
Invitation Homes Inc., a leading single-family home leasing and management company, specializes in providing high-quality rental homes across the United States, catering to the growing demand for residential leasing options in well-located areas.
In its latest earnings report, Invitation Homes announced a solid financial performance for the fourth quarter and full year of 2024, highlighting a notable increase in total revenues and a strategic focus on expanding its property portfolio. The company also emphasized its commitment to enhancing resident experiences and maintaining high occupancy rates.
Key financial metrics revealed a year-over-year increase in Q4 2024 total revenues by 5.6% to $659 million, with net income available to common stockholders reaching $143 million. For the full year 2024, total revenues grew by 7.7% to $2,619 million, while net income amounted to $453 million. The company also reported a 4.6% growth in Same Store Net Operating Income (NOI) and a 6.7% increase in Adjusted Funds from Operations (AFFO) per share for the year. Strategic moves included the acquisition of 2,200 homes and the formation of a joint venture to invest in newly built homes, reflecting the company’s growth-oriented approach.
Looking ahead, Invitation Homes remains optimistic about its future performance, driven by sustained demand for quality rental homes and its strategic initiatives aimed at external growth. The company plans to continue leveraging its market position to create long-term value for its stockholders, while maintaining a focus on providing exceptional service to its residents.