The earnings call reflects a strong operational and financial performance with robust resident retention, strategic acquisitions, and solid revenue growth. However, the company faces challenges related to occupancy deceleration and pressure on new lease pricing due to increased market supply, particularly in key markets like Tampa and Central Florida.

Company Guidance

During the Invitation Homes Second Quarter 2025 Earnings Conference Call, the company provided detailed guidance on several key metrics. The average resident tenure was reported at 40 months, with a renewal rate nearing 80%, highlighting the quality of service and trust with residents. The company acquired nearly 1,000 wholly owned homes in the second quarter, aligning with their acquisition guidance of $500 million to $700 million for the year. They reported a 2.4% year-over-year growth in same-store core revenue, while core operating expenses increased by 2.2%, resulting in a net operating income growth of 2.5%. Blended rent growth was 4%, driven by a 4.7% increase in renewal rent growth and a 2.2% rise in new leases. The investment-grade balance sheet demonstrated robust liquidity with approximately $1.3 billion in unrestricted cash and undrawn capacity, maintaining a net debt to trailing 12-month adjusted EBITDA ratio of 5.3x. The company achieved a core FFO of $0.48 per share for the quarter, positioning them well within their full-year guidance range.

Strong Resident Retention and Renewal Rates

Average resident tenure was 40 months with a renewal rate approaching 80%, indicating strong resident satisfaction and retention.

Robust Acquisition Strategy

Acquired nearly 1,000 wholly owned homes, mostly newly built, and maintained a robust acquisition pipeline targeting yields with operational efficiencies.

Solid Revenue and NOI Growth

Core revenue growth of 2.4% year-over-year and NOI growth of 2.5% reflect effective cost controls and strategic rate optimization.

Financial Strength and Liquidity

Investment-grade rated balance sheet with $1.3 billion in unrestricted cash and a strong net debt to adjusted EBITDA ratio of 5.3x.

Healthy Leasing Performance

Blended rent growth was 4%, with renewal rent growth at 4.7% and new leases at 2.2%.

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

Daily Earnings Calendar >

INVH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.18 / -	0.15	―	―	―
Jul 30, 2025	2025 (Q2)	0.19 / 0.23	0.12	91.67% (+0.11)	―
Apr 30, 2025	2025 (Q1)	0.18 / 0.27	0.23	17.39% (+0.04)	―
Feb 26, 2025	2024 (Q4)	0.18 / 0.23	0.21	9.52% (+0.02)	―
Oct 30, 2024	2024 (Q3)	0.17 / 0.15	0.21	-28.57% (-0.06)	―
Jul 24, 2024	2024 (Q2)	0.19 / 0.12	0.22	-45.45% (-0.10)	―
Apr 30, 2024	2024 (Q1)	0.18 / 0.23	0.2	15.00% (+0.03)
Feb 13, 2024	2023 (Q4)	0.17 / 0.21	0.16	31.25% (+0.05)	―
Oct 25, 2023	2023 (Q3)	0.17 / 0.21	0.13	61.54% (+0.08)	―
Jul 26, 2023	2023 (Q2)	0.17 / 0.22	0.18	22.22% (+0.04)	―

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
Jul 30, 2025	$31.38	$30.65	-2.33%
Apr 30, 2025	$33.89	$34.80	+2.69%
Feb 26, 2025	$31.03	$32.75	+5.54%
Oct 30, 2024	$32.37	$30.60	-5.47%

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 Oct 22, 2025, After Close (Confirmed).

What is Invitation Homes Inc (INVH) earnings time?

Invitation Homes Inc (INVH) earnings time is at Oct 22, 2025, 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 2025 (Q3) is 0.18.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing