Invitation Homes Reports Second Quarter 2020 Results
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Invitation Homes Inc. (INVH) Tops Q2 EPS by 2c, Revenues Beat
August 3, 2020 4:56 PM EDTInvitation Homes Inc. (NYSE: INVH) reported Q2 EPS of $0.08, $0.02 better than the analyst estimate of $0.06. Revenue for the quarter came in at $450 million versus the consensus estimate of $445.63 million.
Second Quarter 2020 Highlights
Year over year, total revenues increased 1.9% to $450 million, total property operating and maintenance expenses increased 0.3% to $167 million, net income attributable to common stockholders increased 10.2% to $43 million, and net income per diluted common share increased 5.4% to $0.08.Year over year, Core FFO per share increased 4.4% to $0.32, and AFFO per share increased 9.4% to $0.27.Same Store NOI grew 2.3% year over year on... More