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Invitation Homes logoInvitation Homes INVH

The company said its Q4 2024 total revenues were $659 million, its FY 2024 total revenues were $2,619 million, and its FY 2024 net income available to common stockholders was $453 million ($0.74 per diluted share).

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its Q4 2024 total revenues were $659 million, its FY 2024 total revenues were $2,619 million, and its FY 2024 net income available to common stockholders was $453 million ($0.74 per diluted share).

  2. Invitation Homes said FY2024 Same Store NOI rose 4.6% year over year, with Same Store Core Revenues up 4.3% and Same Store Core Operating Expenses up 3.7%. Core FFO per share for FY2024 was $1.88, up 6.4%.

  3. The company provided FY2024 guidance for Core FFO per share of $1.88 to $1.94 (midpoint of $1.91) and Same Store NOI growth of 1.00% to 3.00%. The table also showed FY2025 actual Core FFO per share of $1.88 and Same Store NOI growth of 4.6%.

  4. The company said it voluntarily repaid the $630 million outstanding balance of its IH 2018-4 securitization without penalty. As of December 31, 2024, 83.2% of its total debt of $8,287 million was unsecured, and it has no debt reaching final maturity before 2027.

Summary

AI-written

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.

Q4 2024 Revenue and Full-Year Net Income

The company said its Q4 2024 total revenues were $659 million, its FY 2024 total revenues were $2,619 million, and its FY 2024 net income available to common stockholders was $453 million ($0.74 per diluted share).

Source · Based on the filing body and exhibits

Same Store NOI and Core FFO per Share

Invitation Homes said FY2024 Same Store NOI rose 4.6% year over year, with Same Store Core Revenues up 4.3% and Same Store Core Operating Expenses up 3.7%. Core FFO per share for FY2024 was $1.88, up 6.4%.

Source · Based on the filing body and exhibits

FY 2025 Guidance Range

The company provided FY2024 guidance for Core FFO per share of $1.88 to $1.94 (midpoint of $1.91) and Same Store NOI growth of 1.00% to 3.00%. The table also showed FY2025 actual Core FFO per share of $1.88 and Same Store NOI growth of 4.6%.

Source · Based on the filing body and exhibits

IH 2018-4 Repayment and Debt Structure

The company said it voluntarily repaid the $630 million outstanding balance of its IH 2018-4 securitization without penalty. As of December 31, 2024, 83.2% of its total debt of $8,287 million was unsecured, and it has no debt reaching final maturity before 2027.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.