The company said its preliminary Same Store results for February 2024 showed average occupancy of 97.6% (up from 97.5% in January), renewal lease rate growth of 5.7%, new lease rate growth of 1.3%, and blended lease rate growth of 4.5% (up from 3.5% in January).

1. 01

   The company said its preliminary Same Store results for February 2024 showed average occupancy of 97.6% (up from 97.5% in January), renewal lease rate growth of 5.7%, new lease rate growth of 1.3%, and blended lease rate growth of 4.5% (up from 3.5% in January).

2. 02

   The company said its outlook for diluted Core FFO per share for FY 2024 is $1.82 to $1.90 (FY 2023 actual: $1.77), and its outlook for diluted AFFO per share is $1.54 to $1.62 (FY 2023 actual: $1.50).

3. 03

   Invitation Homes said its FY 2024 outlook assumes wholly owned acquisitions of $600 million to $1 billion, JV acquisitions of $100 million to $300 million, and wholly owned dispositions of $400 million to $600 million.

4. 04

   The company said that in Q3 2023 it acquired 1,870 homes from one seller for about $645 million, largely funded with cash on hand, and estimated the year 1 yield at mid-5s.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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