Invitation Homes Inc (INVH)
NYSE:INVH
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.18Last Year’s EPS
0.23Same Quarter Last Year
Moderate Buy
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted multiple operational and financial strengths: improving occupancy and leasing momentum into peak season, positive renewal rent growth, strong disposition execution enabling aggressive share buybacks, a solid balance sheet and liquidity position, and rapid integration of the ResiBuilt platform. Offsetting these positives were short-term pressures including negative new-lease growth in Q1 (improving in April), elevated year-over-year expense comparisons, a slight decline in same-store NOI and AFFO per share, and a materially reduced forward pipeline alongside legislative uncertainty that has led to a cautious stance on acquisitions and some delays. Overall, the company emphasized resilience, disciplined capital allocation, and cautious optimism as leasing trends improve.Company Guidance
Occupancy Recovery and Leasing Momentum
Average same-store occupancy accelerated to 96.3% in Q1 and improved month-over-month to 97.1% in April (an ~80 bps increase from Q1), with occupancy climbing each month during the quarter and entering peak leasing season with improving momentum.
Renewal Rent Growth and April Blended Rent Acceleration
Renewal rent growth was +3.7% (Q1), and new lease rent growth, which was negative in Q1, returned to positive in April (just under +0.5%). This drove April blended rent growth to ~+2.3% and represented a ~230 bps acceleration in new-lease growth from March to April.
Same-Store Revenue Growth
Same-store core revenue increased +1.6% year-over-year in Q1 despite tough comps and normalization from 2025 highs.
Low Credit Losses and Strong Resident Metrics
Bad debt remained low and stable at 60 basis points (flat YoY). Same-store average resident tenure exceeded 40 months and resident renewals remained very high at over 78%.
Active, Disciplined Capital Return to Shareholders
Completed the full $500 million share repurchase authorization, buying ~17 million shares for ~$439 million in Q1 (totaling >19 million shares retired at an average price of $25.86). The Board authorized a new $500 million repurchase program.
Disposition Execution and Attractive Sale Economics
Sold 483 wholly owned homes for $206 million in Q1, with sales beating underwriting, days on market better than expected, and pro forma stabilized cap rates in the low-4% range. Average sale price this quarter was ~$427,000 per home.
Balance Sheet and Liquidity Strength
Available liquidity of ~$1.3 billion (cash + undrawn revolver) and total indebtedness of ~$8.9 billion. Net debt to adjusted EBITDA was 5.6x, inside the long-term target of 5.5–6.0x; ~89.5% of debt fixed or swapped to fixed-rate and ~90% of wholly owned homes unencumbered.
ResiBuilt Integration and Development/Financing Progress
ResiBuilt integration advanced rapidly post-acquisition: delivered >300 homes to third-party buyers in the quarter. Construction lending commitments grew to $279 million (with just under $20 million funded so far), providing a capital-efficient way to add supply.
INVH Earnings History
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 |
|---|---|---|---|
Apr 29, 2026 | $28.07 | $28.77 | +2.49% |
Feb 18, 2026 | $26.52 | $25.37 | -4.32% |
Oct 29, 2025 | $26.84 | $27.76 | +3.42% |
Jul 30, 2025 | $30.36 | $29.65 | -2.33% |
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 Jul 29, 2026, After Close (Confirmed).
What is Invitation Homes Inc (INVH) earnings time?
Invitation Homes Inc (INVH) earnings time is at Jul 29, 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.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INVH EPS forecast?
INVH EPS forecast for the fiscal quarter 2026 (Q2) is 0.18.