Q3 Revenue Up 6.3% to $731M, FY26 Core FFO Guidance Raised, New $500M Buyback Authorized
INVH is trading near its 52-week low of $24.25 (11% above the low).
Summary
Invitation Homes reported Q3 2026 total revenues of $731 million, up 6.3% year over year, with net income available to common stockholders up 15.6% to $158 million, or $0.27 per diluted share. Core FFO per share rose 2.4% to $0.48, but Same Store NOI grew only 1.1% on 1.6% Same Store Core Revenue growth and 2.5% expense growth, and new lease rent growth was negative 0.2% against 4.3% renewals. The board authorized an additional $500 million buyback on October 26, on top of nearly $1 billion of shares repurchased since December 2025 at an average $26.78, and management raised the FY26 Core FFO per share midpoint by $0.01 to $1.96 while lifting the wholly owned disposition midpoint to $950 million. The buyback and asset-sale-funded capital return are the main support for per-share growth, since organic NOI growth is barely above flat. The Q3 earnings call is October 29 at 11:00 a.m. ET.
At the time of this announcement, INVH was trading at $26.88 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $15.8B. The 52-week trading range was $24.25 to $30.89. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.