Invitation Homes Inc. (INVH) Earnings Call Transcripts

Invitation Homes Inc.'s Latest Earnings Call - Q3 FY2026

In the third quarter of 2026, Invitation Homes Inc. (INVH:US) reported a core FFO per share of $0.48, marking a 2.4% year-over-year increase. Revenue growth was driven by a same-store blended rent growth of 3%, the highest quarter of the year, with renewals at 4.3%. Management raised its full-year core FFO guidance by $0.01 to a range of $1.94 to $1.98 per share and narrowed its same-store revenue growth guidance, indicating a positive outlook for the remainder of the fiscal year.

Reported metrics

Guidance from management

Management raised its full-year core FFO guidance by $0.01 to a range of $1.94 to $1.98 per share and narrowed the same-store revenue growth guidance. They also raised the midpoint of their wholly owned disposition guidance to $900 million to $1 billion.

What management said

Juan, it's Jon. I'll take the first part of the question, and Dallas can cover the ROAD Act. Look, I mean, there's a reason that our guidance is a range. We're not 10 basis points smart one way or the other. I think we are still comfortable with our midpoints. As we look to the fourth quarter, the things I just referenced in my prior response are the things that give us comfort with continuing on with the midpoint we...

Austin, it's John. That's a good question. I think with respect to repurchases, we manage share repurchases within the leverage range we've articulated. As we sell these homes, we are shrinking the EBITDA that the enterprise throws off, and we distribute gains. So sale proceeds don't convert dollar for dollar into buybacks. And so I think the point is that we need to be mindful of the balance sheet. We need to be min...

What analysts pressed on

Analysts expressed concerns regarding the potential impact of rising interest rates on home sales and the overall demand for rentals. They also questioned the company's ability to maintain occupancy levels amidst increasing shadow supply from mom-and-pop landlords.

Main topics on the call

• Revenue Growth Acceleration — The company achieved a same-store blended rent growth of 3% in Q3, up from 2.7% in Q2, indicating a sequential improvement. Dallas Tanner stated, "This performance reflects a resilient business and a team that delivers."
• Strong Capital Allocation Strategy — Invitation Homes repurchased nearly $1 billion of its stock, representing 6% of shares outstanding, funded by proceeds from home sales. Tanner noted, "It's one thing to say our stock is undervalued. It's in order to act ...
• Improved Guidance — Management raised its full-year core FFO guidance by $0.01, now expecting a range of $1.94 to $1.98 per share. Jonathan Olsen commented on the positive execution of their disposition program, raising the midpoint of thei...
• Occupancy and Demand Trends — Average occupancy for Q3 was reported at 96.4%, with preliminary October results showing occupancy at 96.1%. Tim Lobner noted, "Demand continues to be healthy," indicating a stable leasing environment.

Read the full Invitation Homes Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 47 Invitation Homes Inc. earnings call transcripts on record, spanning February 19, 2020 to October 29, 2026. Based on this history, Invitation Homes Inc. reports quarterly. The most recent call on file is dated October 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

INVH

Exchange

NYSE

Country

US

Sector

Real Estate

Industry

Residential REITs

Calls on record

47

First call

February 19, 2020

Most recent

October 29, 2026

Reporting cadence

quarterly