Invitation Homes Reports Third Quarter 2026 Results
Invitation Homes reported Q3 2026 revenue of $731 million, up 6.3% year over year, with net income per diluted share of $0.27 versus $0.22 a year ago. Core FFO per share rose 2.4% to $0.48 on 1.1% Same Store NOI growth, 3.0% blended rent growth, and a lower share count from buybacks; occupancy slipped 10 bps to 96.4%. The board authorized an additional $500 million repurchase program on top of nearly $1 billion bought back since December 2025 at an average $26.78, which management says closes the gap between public and private home values.
Key figures
- Eps
- 0.27
- Revenue
- 731000000
- Guidance
- FY2026 Core FFO per share raised $0.01 to $1.96 midpoint ($1.94-$1.98); Same Store NOI growth guidance raised to 1.20%; wholly owned dispositions midpoint raised $100 million to $950 million
- Revenue Yoy
- 6.3%
- Affo per share
- 0.38
- Avg buyback price
- 26.78
- Net debt ebitdare
- 5.5x
- Core ffo per share
- 0.48
- Same store noi growth
- 1.1%
- Core ffo per share yoy
- 2.4%
- Same store avg occupancy
- 96.4%
- New 500m buyback authorization
- $500 million
- Same store blended rent growth
- 3.0%
- Pathway dissolution noncash loss
- $30.4 million
- Shares repurchased since dec 2025
- 36923753
AI analysis
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