The earnings call highlighted strong renewal rate growth and high occupancy rates, indicating consistent demand and operational stability. Financial guidance was improved, and a successful bond offering further strengthened the balance sheet. However, challenges remain with negative new lease rent growth and increased same-store core expenses, indicating some pressure from market supply dynamics.
Company Guidance
During the Invitation Homes Third Quarter 2025 Earnings Conference Call, the company provided several key metrics and guidance for the future. In the third quarter, Invitation Homes delivered same-store renewal rate growth of 4.5%, which was 30 basis points higher than the previous year, with average resident tenure increasing to 41 months. The occupancy rate was maintained at 96.5%, and despite a slight decline in new lease rent growth due to elevated supply, blended rent growth for the quarter stood at 3%. Core revenue growth was reported at 2.3%, bolstered by a 7.7% increase in other property income and a 20 basis point improvement in bad debt. The company managed same-store core expenses, which rose by 4.9% year-over-year, leading to a same-store NOI growth of 1.1% for the quarter. Invitation Homes ended the quarter with a total liquidity of $1.9 billion and announced a $500 million share repurchase program. The company raised its full-year 2025 guidance, with core FFO per share expected to reach $1.92 and AFFO per share at $1.62, and it anticipates same-store NOI growth of 2.25%.
Strong Renewal Rate Growth
Delivered same-store renewal rate growth of 4.5% in the third quarter, which is 30 basis points higher than the previous year.
High Occupancy Rates
Maintained a solid average occupancy of 96.5% in the third quarter, consistent with expectations.
Improved Financial Guidance
Increased full year 2025 guidance with core FFO and AFFO midpoints raised by $0.01 each.
Successful Bond Offering
Completed a $600 million bond offering with a coupon of 4.95%, enhancing liquidity and extending maturity profile.
Robust Balance Sheet
Ended the quarter with $1.9 billion in liquidity and a net debt-to-EBITDA ratio of 5.2x.
Invitation Homes (INVH) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
INVH Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 29, 2025
$27.47
$28.41
+3.42%
Jul 30, 2025
$31.07
$30.34
-2.35%
Apr 30, 2025
$33.55
$34.46
+2.71%
Feb 26, 2025
$30.72
$32.42
+5.53%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Invitation Homes Inc (INVH) report earnings?
Invitation Homes Inc (INVH) is schdueled to report earning on Feb 17, 2026, After Close (Confirmed).
What is Invitation Homes Inc (INVH) earnings time?
Invitation Homes Inc (INVH) earnings time is at Feb 17, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.