Invitation Homes Q3 revenue up beats estimates on rent growth

Invitation Homes

29/10/2025 20:29

Overview

Invitation Homes Q3 revenue rises 4.2% to $688 mln, beating analyst expectations, per LSEG data

Net income for Q3 increases 43.5% to $136 mln, or $0.22 per share

Company announces $500 mln share repurchase program to enhance shareholder value

Outlook

Invitation Homes raises full-year 2025 Core FFO per share guidance to $1.92

Company increases full-year 2025 Same Store NOI growth guidance to 2.25%

Result Drivers

REVENUE GROWTH - 2.3% increase in Same Store Core Revenues driven by 2.5% rise in Average Monthly Rent and 7.7% increase in other income

EXPENSE INCREASE - 4.9% rise in Same Store Core Operating Expenses due to 7.4% increase in controllable expenses and 3.4% in fixed expenses

RENT GROWTH - Blended rent growth of 3.0% with renewal rent growth at 4.5% and new lease rent growth at -0.6%

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$688 mln
$673.50 mln (15 Analysts)
Q3 EPS
$0.22
Q3 Adjusted FFO Per Share
$0.47
Q3 Adjusted Revenue Growth
2.30%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 12 "hold" and no "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 $36.00, about 21.7% above its October 28 closing price of $28.19

The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 39 three months ago

Press Release: ID:nBw4lpdQba

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)