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Invitation Homes Inc (INVH)
NYSE:INVH
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.18Last Year’s EPS
$0.21Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -3.28%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong occupancy and low turnover, improved financial guidance, and significant achievements in capital markets and third-party management. However, the company faces challenges with moderation in same-store revenue growth, supply pressures, and recent hurricane impacts. Despite these issues, the overall sentiment appears balanced with positive long-term prospects.Company Guidance
During the Invitation Homes Q3 2024 earnings call, the company updated its guidance, reflecting a penny raise at the midpoint for both core FFO and AFFO per share. This adjustment comes alongside favorable same-store expense updates, with expectations for full-year property tax growth revised to 5% to 6.5% year-over-year, primarily due to positive information from Florida and Georgia. The revised guidance also includes moderated same-store revenue growth in the second half, attributed to a return to a more sustainable cycle following past market rent growth and supply pressures in markets like Phoenix and Tampa. Despite these challenges, Invitation Homes remains optimistic, noting that peak build-to-rent deliveries are behind and expecting a significant drop in new starts, positioning the company well for long-term growth supported by strong demographic trends.Strong Occupancy and Low Turnover
Average occupancy was 97% in Q3, with a low same-store turnover rate of 23% over the trailing four quarters.
Improved Financial Guidance
Raised midpoints for core FFO and AFFO per share guidance by $0.01 to $1.88 and $1.59, respectively, with expected year-over-year growth of 6.2% and 6%.
Significant Capital Markets Achievements
Issued $500 million of 4 7/8% senior notes due 2035 and extended $1.4 billion of interest rate hedges through mid-2028.
Third-Party Management Expansion
Third-party management, along with joint ventures, reached over 25,000 homes, contributing $15 million to quarterly fee income.
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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 |
|---|---|---|---|
| Oct 30, 2024 | $33.23 | $31.41 | -5.48% |
| Jul 24, 2024 | $35.69 | $32.94 | -7.71% |
| Apr 30, 2024 | $33.66 | $33.54 | -0.36% |
| Feb 13, 2024 | $31.49 | $31.56 | +0.22% |
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 Feb 18, 2025, TBA Not Confirmed.
What is Invitation Homes Inc (INVH) earnings time?
Invitation Homes Inc (INVH) earnings time is at Feb 18, 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 2024 (Q4) is $0.18.
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