Earnings Releases·Oct 28, 2026, 4:10 PM ET

Invitation Homes — Q3 2026 Earnings Summary

Q3 2026 total revenues rose 6.3% YoY to $731 million and net income increased 15.6% YoY to $158 million ($0.27/share), while Core FFO per share grew 2.4% to $0.48.
Management raised full-year 2026 guidance midpoints for Core FFO per share to $1.96, Same Store NOI growth to 1.2%, and wholly owned home sales to $950 million.
Executed strategic consolidation by dissolving Pathway joint ventures to add 894 homes to the wholly owned portfolio, recognizing a $30.4 million non-cash loss, and authorized an additional $500 million share repurchase program.
Net dispositions of 442 homes generated $245 million in proceeds used for share buybacks, with nearly $1 billion in shares repurchased year-to-date and liquidity standing at $1,344 million.
Same Store Average Occupancy dipped 10 basis points to 96.4% and bad debt increased to 0.8% of gross rental revenue, while Same Store blended rent growth reached 3.0%.