Invitation Homes misses FFO per share estimates on higher costs [Yahoo! Finance]
Invitation Homes Inc. (INVH)
Last invitation homes inc. earnings: 2/18 04:15 pm
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Source: Yahoo! Finance
operations (FFO) per share on Tuesday, as fixed expenses including property tax rose year-on-year. While high demand for single-family rentals amidst increasing barriers to homeownership has allowed the company to hike rental rates, fixed costs such as property management expenses have also risen in an inflationary environment. Meanwhile, the company is experiencing higher same-store property tax rates in its key markets, Florida and Georgia, which is further putting pressure on profits. The real estate investment trust (REIT), which has about 80,000 homes for lease in 16 markets across the U.S., reported revenue of $646 million for the quarter ended March 31, 9.5% higher than last year. Shares of Invitation Homes were down 2.5% in trading after the bell. Expenses for the first quarter rose 7.4% year over year, attributable primarily to higher property tax in its key markets. First-quarter FFO per share of 43 cents came in below analysts' estimate of 46 cents per share, ac
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- Invitation Homes Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
INVH
Earnings
- 4/30/24 - Miss
INVH
Sec Filings
- 5/10/24 - Form 4
- 5/9/24 - Form 144
- 5/8/24 - Form 144
- INVH's page on the SEC website