NYSE$INVH

Invitation Homes Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported fourth quarter and full year results, showing revenue growth and increased net income.

Invitation Homes reported a 2.7% increase in total revenues to $444 million for Q4 2019. Net income attributable to common stockholders increased by 107.0% to $52 million, or $0.10 per share. Same Store NOI grew 3.8% year over year.

  • Total revenues increased 2.7% to $444 million.
  • Net income attributable to common stockholders increased 107.0% to $52 million, or $0.10 per share.
  • Core FFO per share increased 6.1% to $0.32, and AFFO per share increased 10.8% to $0.28.
  • Same Store NOI grew 3.8% year over year.

Headline financials

Total Revenue

$444M

Previous: $433M+2.7%
EPS (adj)

$0.32

Previous: $0.30+6.7%
Average Occupancy

93.5%

No prior period
Total Homes Owned and/or Managed

79.5K

No prior period
Net Income

$52.6M

Previous: $25.3M+108.0%
Gross Profit

$1.76B

Previous: $433M+307.9%
Cash & Equivalents

$92.3M

Previous: $145M-36.3%
Total Assets

$17.4B

Previous: $18.1B-3.7%
Stock-Based Comp

$4.31M

Previous: $5.92M-27.1%

Revenue & EPS history

Invitation Homes · Revenue · Quarterly

$444M

Q4 2019+2.7%vs Q4 2018
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Invitation Homes · $444M total across 1 segment · Q4 2019

  • Rental and Other Property Income
    $444M+2.7%

Forward guidance

Invitation Homes expects FY 2020 Same Store NOI growth of 4.25% at the midpoint of its guidance.

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 Q4 2019

Historical avgQ4 2019

-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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