The single-family rental REIT reported adjusted funds from operations above forecasts and year-over-year revenue growth.
Invitation Homes posted second-quarter funds from operations of $0.51 per share, exceeding estimates by $0.02. Adjusted FFO per share climbed 5.9% to $0.44.
Revenue reached $748 million, up 9.7% from the prior year and $13.46 million above consensus. Same-store net operating income increased 1.5% year over year on 1.6% higher core revenues.
The results reflect continued demand for single-family rentals and pricing power in key markets.