Invitation Homes Reports Third Quarter 2026 Results
Business Wire•28/10/2026•16:15 ET
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Key Highlights
- ➤Q3 revenue $731 million, up 6.3% year over year
- ➤Q3 Core FFO per share $0.48, up 2.4% year over year
- ➤FY 2026 Core FFO midpoint raised $0.01 to $1.96 per share
- ➤Board authorized additional $500 million share repurchase program
- ➤658 homes sold and 216 acquired, generating approximately $245 million net proceeds
Expert Statements
Dallas Tanner, Chief Executive Officer of Invitation Homes
“Our third quarter reflected steady execution across the platform. Same Store NOI grew 1.1% year over year, blended rent growth was 3.0%, and with the benefit of our share repurchases, Core FFO per share grew 2.4%. Since December 2025, we’ve repurchased nearly $1 billion of our stock at a substantial valuation discount. We believe that is more than any other residential REIT. With the new $500 million share repurchase program our board just authorized, we intend to keep funding buybacks with home sale proceeds whenever our stock trades at a meaningful discount to the value of our homes, guided by market conditions and a disciplined approach to the balance sheet.”
Dallas Tanner, Chief Executive Officer of Invitation Homes
“Following a solid third quarter, we are raising our full year guidance midpoints for Core FFO per share by $0.01 to $1.96, Same Store NOI growth guidance to 1.2%, and wholly owned home sales to $950 million, which supports our continued focus on closing the gap between public and private market values.”
Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes,” “we,” “our,” and “us”), the nation’s premier single-family home leasing and management company, today announced our Third Quarter (“Q3”) 2026 financial and operating results.
* Year over year, total revenues increased 6.3% to $731 million, property operating and maintenance costs increased 2.0% to $264 million, and net income available to common stockholders increased 15.6% to $158 million, or $0.27 per diluted common share.
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