The company said total revenues for Q1 2026 rose 8.8% year over year to $734 million, and net income available to common stockholders fell 3.5% to $160 million, or $0.26 per diluted share.

1. 01

   The company said total revenues for Q1 2026 rose 8.8% year over year to $734 million, and net income available to common stockholders fell 3.5% to $160 million, or $0.26 per diluted share.

2. 02

   Same Store NOI for Q1 fell 0.3% year over year, the company said, reflecting Same Store Core Revenues growth of 1.6%, Same Store Core Operating Expenses growth of 5.7%, and a decline in average occupancy from 97.2% to 96.3%. New lease rent growth was (3.0)%, renewal rent growth was 3.7%, and blended rent growth was 1.6%.

3. 03

   Invitation Homes said it repurchased 17,101,046 shares for about $439 million in Q1. Together with repurchases in Q4 2025, it bought back a total of 19,333,731 shares at an average price of $25.86 per share, for about $500 million, fully using the authorization approved on October 28, 2025. On April 27, 2026, its board approved a new $500 million repurchase program.

4. 04

   The company reported available liquidity of $1,304 million, total debt of $8,873 million, and net debt to TTM adjusted EBITDAre of 5.6x as of March 31, 2026. It said its full-year Core FFO per share guidance of $1.90 to $1.98 is generally unchanged from its initial guidance issued in February 2026.

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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