Invitation Homes Reports First Quarter 2018 Results
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Invitation Homes Inc. (INVH) Misses Q1 EPS by 6c, Slight Beat on Revenues
May 14, 2018 4:17 PM EDTInvitation Homes Inc. (NYSE: INVH) reported Q1 EPS of ($0.03), $0.06 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $423.67 million versus the consensus estimate of $423.13 million.
First Quarter 2018 Highlights
Year-over-year, total revenues increased 77.5% to $424 million, total property operating and maintenance expenses increased 82.3% to $161 million, and net loss attributable to common shareholders decreased to $17 million.
Core FFO per share increased 13.7% year-over-year to $0.29 per share in the first quarter of 2018.
Same Store NOI grew 3.6% year-over-year on 4.1% Same Store Core revenue growth and 5.1% Same Store Core operating expense growth.
Continued... More
