NYSE$INVH

Invitation Homes Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported Q4 2021 and FY 2021 financial and operating results.

Invitation Homes reported a revenue increase of 12.1% to $520 million in Q4 2021. Net income available to common stockholders totaled $74 million, or $0.12 per diluted common share. Core FFO per share increased 19.7% to $0.39, and AFFO per share increased 21.0% to $0.33.

  • Total revenues increased 12.1% to $520 million in Q4 2021.
  • Net income available to common stockholders totaled $74 million, or $0.12 per diluted common share in Q4 2021.
  • Core FFO per share increased 19.7% to $0.39 in Q4 2021.
  • Same Store Average Occupancy was 98.1% in Q4 2021.

Headline financials

Total Revenue

$520M

Previous: $464M+12.1%
EPS (adj)

$0.39

Previous: $0.32+21.9%
Average Occupancy

98.1%

Previous: 98.1%+0.0%
Net Income

$74.9M

Previous: $71.1M+5.3%
Gross Profit

$520M

Previous: $464M+12.1%
Cash & Equivalents

$610M

Previous: $213M+185.9%
Total Assets

$18.5B

Previous: $17.5B+5.9%
Stock-Based Comp

$6.1M

Previous: $4.8M+27.1%

Revenue & EPS history

Invitation Homes · Revenue · Quarterly

$520M

Q4 2021+12.1%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Invitation Homes · $475M total across 1 segment · Q4 2021

  • Rental and Other Property Income
    $475M+2.4%

Forward guidance

The Company expects Core FFO growth in 2022 of 11.4% at the midpoint of our 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 2021

Historical avgQ4 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

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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