Invitation Homes beats revenue estimates on strong US rental housing demand

Invitation Homes reported third-quarter revenue above Wall Street expectations on Wednesday, helped by robust demand for single-family rental homes.

The real estate investment trust, which leases about 85,000 homes across 16 U.S. markets, reported revenue of $688.2 million for the quarter September 30, compared with analysts' estimate of $675.1 million.

The company reported third-quarter core funds from operations of 47 cents per share, in line with analysts' estimate.


It expects core 2025 FFO to be in the range of $1.90 to $1.94 per share, the mid-point of which is also in line with the estimate.

The Dallas, Texas-based REIT reported same-store renewal rent growth of 4.5% during the quarter, reflecting rental increases for existing tenants who renew their leases. (Reporting by Abhinav Parmar in Bengaluru; Editing by Shilpi Majumdar)