NYSE$INVH

Invitation Homes Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Invitation Homes reported a revenue increase of 7.7% to $624 million and net income of $129 million, or $0.21 per diluted share, for Q4 2023.

Invitation Homes Inc. announced its Fourth Quarter 2023 financial and operating results, featuring a 7.7% increase in total revenues to $624 million and a net income of $129 million, or $0.21 per diluted share. Core FFO per share increased by 4.6% to $0.45, and AFFO per share increased by 5.8% to $0.38. Same Store NOI increased by 5.6% year over year.

  • Total revenues increased 7.7% to $624 million year over year.
  • Net income available to common stockholders totaled $129 million, or $0.21 per diluted common share.
  • Core FFO per share increased 4.6% to $0.45 year over year.
  • Same Store NOI increased 5.6% year over year.

Headline financials

Total Revenue

$624M

Previous: $580M+7.7%
EPS (adj)

$0.45

Previous: $0.43+4.7%
Average Occupancy

97.1%

Previous: 97.3%-0.2%
Net Income

$129M

Previous: $101M+27.9%
Operating Income

$130M

No prior period
Gross Profit

$624M

Previous: $580M+7.7%
Stock-Based Comp

$8.01M

Previous: $6.4M+25.2%

Revenue & EPS history

Invitation Homes · Revenue · Quarterly

$624M

Q4 2023+7.7%vs Q4 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Invitation Homes · $555M total across 1 segment · Q3 2023

  • Rental and Other Property Income
    $555M+7.9%

Forward guidance

The Company does not provide guidance for the most comparable GAAP financial measures of net income (loss), total revenues, and property operating and maintenance expense.

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 2023

Historical avgQ4 2023

-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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