Invitation Homes Inc. appointed M. Colin Connolly as a director effective November 13, 2026, increasing its board from 9 to 10 members. Connolly will join two board committees and receive a one-time $96,000 RSU award generally vesting at the 2027 annual meeting.
INVH · Invitation Homes Inc.
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Invitation Homes reported total revenues of $731.3 million for the three months ended September 30, 2026, up 6.3% from $688.2 million in 2025, while net income rose 15.9%. Homebuilding generated $35,849 thousand in revenue, and average portfolio occupancy reached 95.4%.
Invitation Homes reported third-quarter core FFO per share of $0.48, up 2.4%, raised full-year 2026 core FFO guidance to $1.94 to $1.98 per share, and authorized a new $500 million share repurchase program.
Invitation Homes’ Q3 2026 Core FFO was $0.48 per share, up 2.4% year over year, and Same Store NOI rose 1.1%. Its board authorized $500 million in share repurchases and raised FY 2026 Core FFO guidance midpoint to $1.96.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
Equibles Rating
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Total finance lease cost | $2.04M | FY2026 Q3 | +53.2% |
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| Acquisition-related expenses | $116K | three months ended June 30, 2026 filing | — |
| Adjusted FFO non-GAAP | $259.43M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Core FFO 301.23M
-41.8M Recurring capital expenditures
= Adjusted FFO 259.43M
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| AFFO per common share — diluted non-GAAP | $0.44 | the three months ended June 30, 2026 filing | — |
| average number of homes for which we provide property and asset management services | 23,744 | the three months ended June 30, 2026 filing | — |
| Average number of single-family rental homes owned | 85,798 | three months ended June 30, 2026 filing | — |
| Average Occupancy | 95.9% | the three months ended June 30, 2026 filing | — |
| Controllable expenses (property operating) | $120.21M | three months ended June 30, 2026 filing | — |
| Core FFO non-GAAP | $301.23M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP FFO 276.58M
+7.85M Non-cash interest expense related to amortization of deferred financing costs, loan discounts, and non-cash interest expense fro
+9.35M Share-based compensation expense
+2.7M Amortization of intangible assets
+1.28M Business reorganization costs
+3.36M Casualty losses and reserves, net
+126K Losses on investments in equity and other securities, net
= Core FFO 301.23M
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| Core FFO per common share — diluted non-GAAP | $0.51 | the three months ended June 30, 2026 filing | — |
| FFO non-GAAP | $276.58M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income available to common stockholders 218.17M
+675K Net income available to participating securities
+804K Non-controlling interests
+185.4M Depreciation and amortization on real estate assets
+961K Impairment on depreciated real estate investments
-132.31M Net gain on sale of previously depreciated investments in real estate
+2.88M Depreciation and net gain on sale of investments in unconsolidated joint ventures
= FFO 276.58M
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| FFO per common share — diluted non-GAAP | $0.46 | the three months ended June 30, 2026 filing | — |
| Finance lease cost - Amortization of ROU assets | $1.68M | three months ended June 30, 2026 filing | — |
| Finance lease cost - Interest on lease liabilities | $268K | three months ended June 30, 2026 filing | — |
| Fixed expenses (property operating) | $135.51M | three months ended June 30, 2026 filing | — |
| Homebuilding revenues | $49.46M | three months ended June 30, 2026 filing | — |
| Homes acquired | 196 | three months ended June 30, 2026 filing | — |
| management fees | $19.74M | the three months ended June 30, 2026 filing | — |
| new lease net effective rental rate growth | 1.1% | the three months ended June 30, 2026 filing | — |
| number of homes sold | 657 | the three months ended June 30, 2026 filing | — |
| Operating lease cost - Fixed lease cost | $1.67M | three months ended June 30, 2026 filing | — |
| Operating lease cost - Variable lease cost | $421K | three months ended June 30, 2026 filing | — |
| Recurring capital expenditures non-GAAP | -$41.8M | the three months ended June 30, 2026 filing | — |
| renewal lease net effective rental rate growth | 3.3% | the three months ended June 30, 2026 filing | — |
| Same Store annualized turnover rate | 22.8% | three months ended June 30, 2026 filing | — |
| Same Store Average Occupancy | 97.1% | the three months ended June 30, 2026 filing | — |
| Same Store days to re-resident | 46 | three months ended June 30, 2026 filing | — |
| Same Store new lease net effective rental rate growth | 1.1% | three months ended June 30, 2026 filing | — |
| Same Store portfolio average monthly rent per occupied home | $2,480 | three months ended June 30, 2026 filing | — |
| Same Store portfolio average occupancy | 97.1% | three months ended June 30, 2026 filing | — |
| Same Store renewal lease net effective rental rate growth | 3.3% | three months ended June 30, 2026 filing | — |
| Total operating lease cost | $2.1M | three months ended June 30, 2026 filing | — |
| Total portfolio average monthly rent per occupied home | $2,460 | three months ended June 30, 2026 filing | — |
| Total portfolio average occupancy | 95.9% | three months ended June 30, 2026 filing | — |
| Total portfolio new lease net effective rental rate growth | 1.1% | three months ended June 30, 2026 filing | — |
| Total portfolio renewal lease net effective rental rate growth | 3.2% | three months ended June 30, 2026 filing | — |
| Total property operating and maintenance expense | $255.71M | three months ended June 30, 2026 filing | — |
| variable lease payments | $46.1M | the three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Residential — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
INVH
this stock
Invitation Homes Inc.
|
$15.47B | -3.4% | +4.2% | 23.6 | 3.4% |
|
VMRK
Vivmark Residential
|
$49.76B | +1.9% | +4.8% | 802.8 | 2.5% |
|
ESS
Essex Property Trust, Inc.
|
$17.57B | +4.4% | +6.4% | 50.8 | 3.5% |
|
SUI
Sun Communities Inc
|
$14.44B | -4.3% | +2.0% | — | 5.9% |
|
MAA
Mid America Apartment Communities Inc.
|
$13.72B | -15.1% | +0.8% | 35.7 | 4.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 12, 2026
- This year
- 23
Invitation Homes Inc. appointed M. Colin Connolly as a director effective November 13, 2026, increasing its board from 9 to 10 members. Connolly will join two board committees and receive a one-time $96,000 RSU award generally vesting at the 2027 annual meeting.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| INVH | -0.9% | -0.8% | -8.7% | +1.1% | -3.4% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -3.5% | +0.4% | -9.2% | +1.3% | -14.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.