Brief: Invitation Homes Q2 Adjusted FFO Per Share USD 0.48

Invitation Homes

30/07/2025 21:15

Overview

Invitation Homes Q2 revenue rises 4.3%, beating analyst expectations, per LSEG data

Net income for Q2 increases 92.7% yr/yr, reflecting strong operational performance

Company acquired 1,040 homes, disposed of 358 homes, indicating active portfolio management

Outlook

Invitation Homes maintains FY 2025 Core FFO guidance at $1.88-$1.94 per share

Company expects FY 2025 Same Store NOI growth of 1%-3%

Invitation Homes anticipates FY 2025 AFFO per share of $1.58-$1.64

Company sees FY 2025 Same Store Core Revenues growth of 1.75%-3.25%

Result Drivers

RENT GROWTH - Same Store blended rent growth of 4.0% driven by 4.7% renewal rent growth and 2.2% new lease rent growth

OCCUPANCY - Same Store Average Occupancy was 97.2%, a slight decline of 40 basis points year over year

ACQUISITIONS - Acquired 1,040 homes for approximately $350 million, reflecting active portfolio management

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$681 mln
$667.90 mln (15 Analysts)
Q2 EPS
$0.23
Q2 Adjusted FFO Per Share
$0.48
Q2 Adjusted Revenue Growth
2.4%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the residential reits peer group is "buy"

Wall Street's median 12-month price target for Invitation Homes Inc is $38.00, about 15.8% above its July 29 closing price of $32.00

The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 46 three months ago

Press Release: ID:nBw25nVJSa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)