NYSE$INVH
Invitation Homes Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Invitation Homes reported a revenue increase, a rise in net income, and high occupancy rates, demonstrating strong financial performance and resident demand.
Invitation Homes reported a 4.5% year-over-year increase in total revenues to $464 million for Q4 2020. Net income available to common stockholders increased by 36.0% to $71 million, with net income per diluted common share rising by 30.2% to $0.12. Same Store NOI grew by 4.3%, driven by a 2.0% increase in Same Store Core revenue growth and a 2.4% decrease in Same Store Core operating expenses. The company also capitalized on favorable buying fundamentals, purchasing 1,197 homes for $361 million.
- Total revenues increased 4.5% year-over-year to $464 million.
- Net income available to common stockholders increased 36.0% year-over-year to $71 million.
- Same Store NOI grew 4.3% year-over-year.
- Same Store average occupancy reached 98.1%, up 210 basis points year-over-year.
Headline financials
Revenue & EPS history
Invitation Homes · Revenue · Quarterly
$464M
Revenue by segment
Invitation Homes · $464M total across 1 segment · Q4 2020
- Rental and Other Property Income$464M+4.5%100.0%
Forward guidance
The company provided guidance for FY 2021, expecting growth in Core FFO per share, AFFO per share, Same Store Core revenue, and Same Store NOI.
Tailwinds
- Core FFO per share is projected to be between $1.30 and $1.40.
- AFFO per share is expected to range from $1.09 to $1.19.
- Same Store Core revenue growth is anticipated to be 3.5% - 4.5%.
- Same Store Core operating expense growth is forecasted at 4.5% - 5.5%.
- Same Store NOI growth is projected to be 3.0% - 4.0%.
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 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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