NYSE$INVH
Invitation Homes Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Invitation Homes experienced revenue growth and high occupancy rates, demonstrating resilience during the third quarter of 2020.
Invitation Homes reported a 3.6% increase in total revenues to $459 million and a Same Store average occupancy of 97.8%. The company ramped up its acquisition pace, acquiring 544 homes for $175 million. Core FFO per share increased 1.9% to $0.30, and AFFO per share increased 5.8% to $0.24.
- Total revenues increased 3.6% year-over-year to $459 million.
- Core FFO per share increased 1.9% year-over-year to $0.30.
- Same Store NOI grew 3.6% year-over-year.
- Same Store average occupancy was 97.8%, up 190 basis points year-over-year.
Headline financials
Revenue & EPS history
Invitation Homes · Revenue · Quarterly
$459M
Revenue by segment
Invitation Homes · $459M total across 1 segment · Q3 2020
- Rental and Other Property Income$459M—100.0%
Forward guidance
Invitation Homes is well-positioned for both the near-term and the long-term, and is staying nimble and opportunistic to maximize value for residents, communities, and shareholders.
Tailwinds
- Strong fundamentals in the business.
- Teams have adapted well to continue operating safely and efficiently.
- Ramping up external growth.
- Staying on the front foot with respect to strategic initiatives centered around enhancing the resident experience.
- Expansion of ancillary services.
Headwinds
- Potential negative impact of the ongoing COVID-19 pandemic on the Company’s financial condition
- Potential negative impact of the ongoing COVID-19 pandemic results of operations
- Potential negative impact of the ongoing COVID-19 pandemic cash flows
- Potential negative impact of the ongoing COVID-19 pandemic business
- Potential negative impact of the ongoing COVID-19 pandemic associates, and residents.
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 Q3 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
| 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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