NYSE$INVH
Invitation Homes Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Invitation Homes reported a strong start to 2021 with increased revenues, occupancy, and rental growth.
Invitation Homes reported strong Q1 2021 results, with total revenues increasing 5.7% year-over-year to $475 million and net income available to common stockholders increasing 14.9% to $57 million. Same Store NOI grew 4.4% year-over-year, driven by strong occupancy and rental rate growth. The company is increasing its full-year 2021 Same Store NOI growth guidance.
- Total revenues increased 5.7% year-over-year to $475 million.
- Net income available to common stockholders increased 14.9% year-over-year to $57 million.
- Same Store NOI grew 4.4% year-over-year, driven by 2.2% Same Store Core revenue growth and a 2.2% decrease in Same Store Core operating expenses.
- Same Store average occupancy was 98.4%, up 170 basis points year-over-year.
Headline financials
Revenue & EPS history
Invitation Homes · Revenue · Quarterly
$475M
Revenue by segment
Invitation Homes · $438M total across 1 segment · Q1 2021
- Rental and Other Property Income$438M-2.6%100.0%
Forward guidance
Invitation Homes increased the midpoint of its full year 2021 Same Store NOI growth guidance by 75 basis points to 4.25% and is increasing the midpoint of its full year 2021 Core FFO and AFFO per share guidance by $0.03 to $1.38 and $1.17, respectively.
Tailwinds
- Same Store Core revenue growth 3.75% - 4.75%
- Same Store Core operating expense growth 3.75% - 4.75%
- Same Store NOI growth 3.75% - 4.75%
- Core FFO per share — diluted $1.34 - $1.42
- AFFO per share — diluted $1.13 - $1.21
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 2021
-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
| Quarter | Report date | Reaction (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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