The company said total revenues for Q1 2024 rose 9.5% year over year to $646 million, net income available to common stockholders rose 18.4% to $142 million, and diluted net income per share was $0.23.

1. 01

   The company said total revenues for Q1 2024 rose 9.5% year over year to $646 million, net income available to common stockholders rose 18.4% to $142 million, and diluted net income per share was $0.23.

2. 02

   The company said Same Store NOI rose 4.7% year over year, with Same Store Core Revenues up 5.6% and Same Store Core Operating Expenses up 7.4%. It said Average Occupancy was 97.6%, and Bad Debt was 1.0% of gross rental revenue.

3. 03

   Invitation Homes said it began managing more than 14,000 single-family homes for a third-party portfolio owner. It said that after quarter end, it invested $37.5 million in a joint venture covering about 3,700 homes, for a 7.2% ownership interest.

4. 04

   The company said it had $1,738 million of available liquidity as of March 31, 2024, total debt of $8,607 million, and net debt to TTM adjusted EBITDAre of 5.4x. It said 99.5% of its total debt was fixed rate or swapped to fixed rate.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. 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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