CFRA Downgrades Invitation Homes (INVH) to Buy

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Invitation Homes Reports First Quarter 2024 Results

April 30, 2024 4:15 PM EDT

DALLAS--(BUSINESS WIRE)-- Invitation Homes Inc. (NYSE: INVH) (Invitation Homes or the Company), the nations premier single-family home leasing and management company, today announced its First Quarter 2024 financial and operating results.

First Quarter 2024 Highlights

Year over year, total revenues increased 9.5% to $646 million, property operating and maintenance costs increased 10.5% to $230 million, net income available to common stockholders increased 18.4% to $142 million, and net income per diluted common share increased 18.2% to $0.23. Year over year, Core FFO per share increased 5.7% to $0.47 and AFFO per share increased 6.8% to $0.41. Same... More

Invitation Homes Announces Joint Venture With Quarterra – a Lennar Company, Centerbridge, and Other Capital Partners

April 30, 2024 4:15 PM EDT

Invitation Homes will manage the 4,400 homes in the portfolio that are within its core markets and invest in the joint venture

DALLAS--(BUSINESS WIRE)--

Invitation Homes Inc. (NYSE: INVH), the nations premier single-family home leasing and management company, announced... More

Invitation Homes Receives Credit Rating Upgrade to ‘Baa2’ from Moody’s

April 29, 2024 5:02 PM EDT

DALLAS--(BUSINESS WIRE)-- Invitation Homes Inc. (NYSE: INVH) (Invitation Homes or the Company), the nations premier single-family home leasing and management company, announced today that Moodys Investors Service (Moodys) upgraded the Companys issuer and issue-level credit ratings to Baa2 from Baa3 with a stable outlook.

According to Moodys published report, the upgraded rating reflects Invitation Homes solid operating performance and reduction in overall leverage and secured debt levels. Moodys further elaborated that Invitation Homes credit profile benefits from its scale, high-quality portfolio, and expansive operating platform that helps drive stable earnings.

We are... More