Invitation Homes tops quarterly revenue estimates on high occupancy

Invitation Homes

29/04/2026 22:10

Real estate investment trust Invitation Homes INVH.N reported first-quarter revenue above Wall Street expectations on Wednesday, helped by high occupancy and renewal rates.

The largest U.S. landlord of single-family homes has long benefited from a chronic housing shortage across the country, helping to keep occupancy levels high and support steady rent increases over time.

The Dallas, Texas-based REIT reported first-quarter revenue of $734 million, compared with analysts' estimate of $680.2 million, according to data compiled by LSEG.

Shares of the company were up 1.21% after the bell.

The company reaffirmed its full-year outlook.

"Occupancy is climbing, new lease rent growth turned positive in April, and our residents continue to stay longer," CEO  Dallas Tanner said.

It reported same-store new lease rent growth of 3.7%, reflecting rental increases for new tenants.

 (Reporting by Megha Kumari in Bengaluru; Editing by Sahal Muhammed)