INVH Earnings Prediction
The chart below shows how INVH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, INVH sees a -0.63% change in stock price 10 days leading up to the earnings, and a +1.02% change 10 days following the report. On the earnings day itself, the stock moves by -0.67%. This data can give you a slight idea of what to expect for the next quarter's release.
INVH Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
660.32M
6.90%
1.05%
Gross Margin
57.46%
-1.96%
-2.05%
Operating Margin
27.54%
-0.97%
-4.57%
Net Margin
14.47%
-32.41%
28.74%
EPS
0.15
-28.57%
25.00%
No Data Available
INVH Earnings Analysis
Invitation Homes Inc. Common Stock Corporation (INVH.N) Earnings Conference Call
Positive
FFO and AFFO Growth: Core FFO and AFFO per share for the third quarter increased 6.8% and 7.2% year-over-year to $0.47 and $0.38 per share, respectively.
Same-Store Revenue Growth: Third quarter same-store core revenues grew 3.6% year-over-year, primarily driven by a 3.7% increase in average monthly rent.
Renewal Rent Growth Performance: Renewal rent growth was 4.2%, a solid result that is in line with more normal third quarter renewal growth rates.
Premier Home Leasing Commitment: We are very proud of being a premier single-family home leasing and management company that is committed to remaining the most transparent and offering the highest service while providing the best overall resident experience of any other provider.
Value-Add Services Revenue Target: Our value-add services are on track to achieve our target of over $60 million in gross revenues this year and we continue to explore additional ways we can offer convenient and desirable amenities for our residents.
Negative
Revenue Growth Decline: The company reported a decline in revenue growth guidance, with expectations now set at 2% for the upcoming year, down from previous estimates.
Rental Growth Slowdown: Renewal and new lease spreads fell below pre-COVID norms, indicating a slowdown in rental growth rates.
Occupancy Rate Decline: The average occupancy rate decreased to 96.5%, slightly lower than expected, suggesting potential challenges in maintaining occupancy levels.
Supply Pressure Impact: The company experienced supply pressures in several markets, particularly in new lease pricing, which could impact future revenue.
BTR Delivery Decline: There was a significant drop in new BTR deliveries expected next year, projected to fall as much as 65%, indicating a potential slowdown in growth.
INVH FAQs
How does INVH typically perform around its earnings report dates?
Is Invitation Homes Inc. (INVH) Q3 2024 Earnings Call Summary positive or negative?
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INVH Earning Call Sentiment
Invitation Homes Inc. (INVH) Q3 2024 Earnings Call Transcript
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INVH.N
-1.11%Positive
The earnings call summary shows strong financial performance with increased FFO and AFFO, improved property tax guidance, and ample liquidity. The Q&A section highlights some market supply pressures, but overall, renewal rates are high, and management is optimistic about future opportunities. The raised core FFO guidance and new partnerships with homebuilders further support a positive outlook. Despite some uncertainties in specific markets, the overall sentiment is positive, suggesting a likely stock price increase in the short term.
