The company said that for Same Store homes, average occupancy in Oct-Nov 2025 was 95.9% (versus 96.8% in Oct-Nov 2024), renewal rental rate growth was 4.3% (3.8%), new lease rental rate growth was -3.5% (-1.9%), and blended rental rate growth was 2.1% (2.1%).

1. 01

   The company said that for Same Store homes, average occupancy in Oct-Nov 2025 was 95.9% (versus 96.8% in Oct-Nov 2024), renewal rental rate growth was 4.3% (3.8%), new lease rental rate growth was -3.5% (-1.9%), and blended rental rate growth was 2.1% (2.1%).

2. 02

   Invitation Homes said that as of 9/30/2025, its Net Debt / TTM Adj. EBITDA was 5.2x, liquidity (cash plus revolver capacity) was $1.9B, no debt was scheduled to mature before June 2027, and 95% of its debt was fixed or swapped to a fixed rate.

3. 03

   The company said it currently manages more than 24,000 homes across its JV and 3PM platform, cited ~$85M in FY 2025E revenue, and said each 3K homes added generates accretion of about $0.01.

4. 04

   The company outlined a 3-year roadmap for AFFO per share growth of $0.14 to $0.20 by 2028, on top of baseline growth. Value-add services show the highest range, at +$0.04 to $0.05.

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

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