NYSE$INVH

Invitation Homes Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Invitation Homes' first quarter performance was driven by revenue growth and strategic cost management.

Invitation Homes reported a 3.3% increase in total revenues to $450 million, a 140.7% increase in net income attributable to common stockholders to $50 million, and a Same Store NOI growth of 4.0%. The company is focused on resident and associate safety amid the COVID-19 pandemic, while also maximizing operating and financial results.

  • Total revenues increased 3.3% year over year to $450 million.
  • Net income attributable to common stockholders increased 140.7% year over year to $50 million.
  • Core FFO per share increased 4.4% year over year to $0.34.
  • Same Store NOI grew 4.0% year over year.

Headline financials

Total Revenue

$450M

Previous: $27.9M+1513.5%
EPS (adj)

$0.34

Previous: $0.33+3.0%
Average Occupancy

96.7%

Previous: 96.5%+0.2%
Capital Expenditures

-$169M

Previous: -$65.1M-158.8%
Free Cash Flow

-$119M

Previous: -$44.3M-167.7%
Net Income

$50M

Previous: $20.8M+139.9%
Operating Income

$251M

Previous: $228M+10.0%
Gross Profit

$269M

Previous: $260M+3.3%
Cash & Equivalents

$297M

Previous: $131M+126.9%
Total Assets

$17.6B

Previous: $17.9B-1.5%
Stock-Based Comp

$4.1M

Previous: $5.61M-26.9%

Revenue & EPS history

Invitation Homes · Revenue · Quarterly

$450M

Q1 2020+1,513.5%vs Q1 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Invitation Homes · $450M total across 1 segment · Q1 2020

  • Rental and Other Property Income
    $450M

Forward guidance

Due to uncertainty regarding the future economic impact of the COVID-19 pandemic, the Company no longer believes it is appropriate to provide FY 2020 guidance, and is withdrawing its previously issued guidance. The Company anticipates resuming its practice of providing full year guidance when there is sufficient clarity on economic conditions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.8%

Avg return

Earnings day

-0.3%

Avg return

5 days after

-0.1%

Avg return

30 days after

36%

13 / 36 earnings

Positive

+5.5%

Q4 2024

Best reaction

-9.0%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.4%+2.1%+4.1%
Q4 2025-3.9%-4.4%-9.1%
Q3 2025+3.5%+4.2%+2.7%
Q1 2025+2.7%+2.1%-1.4%
Q4 2024+5.5%+7.3%+9.2%
Q3 2024-5.4%-4.3%+3.1%
Q2 2024-9.0%-6.1%-0.9%
Q1 2024-1.4%-0.5%-1.6%
Q4 2023-1.7%-0.6%+6.0%
Q3 2023-6.6%-5.9%+7.2%
Q2 2023-1.9%-0.1%-5.1%
Q1 2023+0.8%+3.1%+1.5%
Q4 2022-1.4%-1.3%-7.8%
Q3 2022-8.6%-6.7%-6.6%
Q2 2022+5.5%+5.2%+1.8%
Q1 2022-1.9%-8.6%-8.3%
Q4 2021-2.3%-6.7%-1.7%
Q3 2021+1.1%+0.4%+0.5%
Q2 2021-0.1%-0.2%-0.5%
Q1 2021+2.4%+2.4%+7.0%
Q4 2020-2.1%-3.3%+0.3%
Q3 2020-2.3%-1.4%+2.5%
Q2 2020-0.5%+1.3%-1.6%
Q1 2020+4.7%+7.7%+21.9%
Q4 2019-2.4%-3.6%-43.2%
Q3 2019-1.0%+0.2%-1.4%
Q2 2019-0.4%+0.4%+4.9%
Q1 2019-1.1%+0.6%+5.7%
Q4 2018+2.6%+3.1%+4.0%
Q3 2018-0.9%+2.3%+0.0%
Q2 2018-0.9%-3.9%-0.8%
Q1 2018-5.7%-7.2%-6.5%
Q4 2017+2.0%+3.2%+3.0%
Q3 2017+0.4%+1.6%+1.9%
Q2 2017+4.4%+9.3%+6.4%
Q1 2017+0.6%-1.4%-1.2%
Q4 2015

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