Latest news with #InvitationHomes
Business Wire
4 days ago
- Business
- Business Wire
Invitation Homes to Participate in Nareit's REITweek 2025 Investor Conference
DALLAS--(BUSINESS WIRE)--Invitation Homes Inc. (NYSE: INVH) ('Invitation Homes' or the 'Company') today announced that members of the Company's management team will participate in a roundtable discussion during Nareit's REITweek 2025 Investor Conference on Tuesday, June 3, at 2:30 p.m. Eastern Time. A live audio webcast of the presentation will be available on the Investor Relations section of the Company's website at A replay of the webcast will be available through July 3, 2025. About Invitation Homes Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality homes with valued features such as close proximity to jobs and access to good schools. Our purpose, Unlock the power of home™, reflects our commitment to providing living solutions and Genuine CARE™ to the growing share of people who count on the flexibility and savings of leasing a home.
Yahoo
5 days ago
- Business
- Yahoo
Should You Retain Invitation Homes Stock in Your Portfolio Now?
Invitation Homes Inc. INVH is poised for growth with a diverse portfolio in infill locations in high-growth markets, an asset-light model, technological moves, process enhancements and a healthy balance sheet. However, the elevated supply of rental units in some of Invitation Homes' markets and the high debt burden are its concerns. Last month, INVH reported first-quarter 2025 core funds from operations (FFO) per share of 48 cents, beating the Zacks Consensus Estimate of 47 cents. The reported figure compared favorably with the prior-year quarter's 47 cents. Results reflected higher same-store NOI, with increased same-store blended rent, though lower same-store average occupancy partly marred the upside. Invitation Homes is poised to benefit from a high-quality portfolio of single-family rental units in infill locations in the Western United States, Sunbelt and Florida. Solid demand for such rental units in the high-growth markets with favorable demographic trends is likely to benefit the company in the upcoming quarters. INVH operates on an asset-light model by building relationships for built-to-rent units with top homebuilders like D.R. Horton, Lennar, Pulte, Meritage and many others who develop homes and deliver them to the company. It aims to drive profitability through a value-added platform and minimal capital investments. Invitation Homes is leveraging technological initiatives and process enhancements through the ProCare application for enhanced customer experience and margin expansion. Such efforts are likely to capture additional NOI, driving long-term profitability. Per the company's March Investor Presentation, this residential REIT estimates around $80 million in value-added revenues for 2025. Invitation Homes continues to focus on its strategic priorities, such as disciplined capital distribution and maintaining an investment-grade balance sheet. As of March 31, 2025, the company had $1.36 billion of liquidity through a combination of unrestricted cash and undrawn capacity on its revolving credit facility. The company's Net debt/TTM adjusted EBITDAre was 5.3X, and it has no debt maturing before 2027. A healthy balance sheet position enables it to procure debt financing at a favorable rate. Solid dividend payouts are arguably the biggest enticement for REIT investors, and INVH remains committed to that. The company has increased its dividend five times in the last five years, and the five-year annualized dividend growth rate is 17.59%, which is encouraging. Given Invitation Homes' operating platform and solid financial position, its dividend seems sustainable and well-covered by cash flow from operations. The struggle to lure renters is likely to persist as the volume of new deliveries remains elevated in several markets where Invitation Homes operates. Particularly in markets like Texas, Florida and Phoenix and a few others with easier barriers to entry, the company is witnessing supply pressures, resulting in lower rental rates. Despite the Federal Reserve announcing rate cuts late in 2024, the interest rate is still high and is a concern for Invitation Homes. Elevated rates imply high borrowing costs for the company, affecting its ability to purchase or develop real estate. The company has a substantial debt burden, and its total debt as of March 31, 2025 was $8.18 billion. Over the past three months, shares of this Zacks Rank #3 (Hold) company have fallen 2.8%, narrower than the industry's decline of 10%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader REIT sector are VICI Properties VICI and W.P. Carey WPC, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for VICI Properties' 2025 FFO per share has been raised marginally over the past month to $2.34. The consensus estimate for W.P. Carey's current-year FFO per share has moved northward by 1% in the past month to $4.88. Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report W.P. Carey Inc. (WPC) : Free Stock Analysis Report Invitation Home (INVH) : Free Stock Analysis Report VICI Properties Inc. (VICI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Disabled woman says she's stuck with $900 bill because property owner didn't install wiring right
A disabled Douglas County woman says her Georgia Power bill is nearly $900, and she's blaming it on her property owner. 'I should not have a $700, $800 bill from Georgia Power,' Rita Houston said. Houston lives with lipidemia and lymphedema. She told Channel 2 Investigative Reporter Ashli Lincoln she needs around-the-clock healthcare. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] Houston is blaming her property owner, Invitation Homes, for the bill's inflation. 'The first time they came, they said the thermostat needed batteries,' Houston said. She says maintenance workers discovered her home's electrical wiring was installed incorrectly, causing her power bill to soar. 'When he took the thermostat, they realized it was wired wrong,' she said. Houston told Lincoln she's worried her lights will be turned off after getting several disconnect notices from Georgia Power. Houston showed Channel 2 Action News emails where Invitation Homes acknowledged the error. RELATED STORIES: Invitation Homes reaches $48 million settlement, accused of taking advantage of renters for year Couple says Invitation Homes has not removed eviction notice, leaving them homeless Family lives months without A/C after metro Atlanta landlord struggles with repairs She says a representative told her in an April email they were waiting for concessions to be approved by corporate. The company told her it can only provide a rent credit, but she hasn't heard a word from the company since April. 'I've sent multiple messages, no response,' she said. As of Tuesday, Houston says no rent credit has been applied. However, Houston says even if it was, it's no help. With her being on a fixed income, she can only use her state-issued rent vouchers for rent payments and can't redirect funds for utilities. 'I'm not sitting here saying I'm living above my means, I'm barely making it because they will not fix what they're supposed to fix,' she said. Invitation Homes sent a statement saying; 'It is always our intent to provide high-quality homes and a professional experience for our residents. We're in contact with Ms. Houston regarding the documentation needed to address concerns about her power bill.' [SIGN UP: WSB-TV Daily Headlines Newsletter]
Yahoo
22-05-2025
- Business
- Yahoo
Here Are My Top 3 Real Estate Dividend Stocks to Buy Now
Prologis' dividend yield is up to 3.7%. Realty Income has increased its dividend 130 times since coming public 30 years ago. Invitation Homes' combination of rising rental income and a growing rental property portfolio supports its increasing dividend. 10 stocks we like better than Prologis › Investing in real estate stocks can be a great way to generate dividend income. Real estate investment trusts (REITs) must distribute at least 90% of their taxable income to investors to remain in compliance with IRS regulations. Because of that, most of these companies pay above-average dividends. Prologis (NYSE: PLD), Realty Income (NYSE: O), and Invitation Homes (NYSE: INVH) are my top three REITs to buy for dividend income right now. Here's why I think they make great investments to generate durable and growing passive income. Shares of Prologis currently trade more than 15% below their 52-week-high. That's one reason the leading industrial REIT's dividend yields around 3.7% these days. That's well above the S&P 500's (SNPINDEX: ^GSPC) dividend yield (less than 1.5%) and approaching the REIT's highest level in a decade. Prologis has done a fantastic job growing its dividend. Over the last five years, the company has grown its payout at a 13% compound annual rate. That's faster than both the S&P 500 (5%) and REIT sector average (6%). The leading industrial REIT is in a strong position to continue growing its high-yielding payout. While it's facing some near-term demand headwinds due to the potential impact of tariffs, the long-term outlook for the industrial real estate market remains bright. Demand is growing, while new supply growth should remain limited. That should support continued rent growth. Meanwhile, Prologis has an elite balance sheet, giving it ample financial flexibility to invest in development projects and make accretive acquisitions. These growth drivers should enable the REIT to continue increasing its payout at an above-average pace. Shares of Realty Income currently sit more than 10% below their 52-week-high. That's one reason the diversified REIT has a dividend yield of 5.7%. Realty Income has a phenomenal record of growing its high-yielding dividend. It has raised its monthly dividend payment 130 times since its public market listing in 1994. The REIT has hiked its payout for 110 straight quarters and 30 years in a row. It has grown its dividend at a 4.3% compound annual rate during that period. The company is in a strong position to continue growing its dividend. Its real estate portfolio produces very stable rental income, backed by long-term net leases. Meanwhile, it has a conservative dividend payout ratio (around 75% of its adjusted funds from operations) and an elite balance sheet. Those features give it tremendous flexibility to continue growing its portfolio of income-generating real estate. Shares of Invitation Homes are down more than 5% from their peak price over the past year. That has helped push its dividend yield up toward 3.4%. The landlord owns interests in or manages over 110,000 single-family rental properties across more than a dozen of the country's top housing markets. This portfolio generates stable and growing rental income. Demand for rental housing in its markets tends to remain strong, which keeps occupancy levels high and drives above-average rent growth. Invitation Homes also has a strong financial profile, which enables it to steadily expand its portfolio. It's in deals to buy over 2,000 newly built homes from some of the nation's top homebuilders. The REIT also buys homes on the open market and from other real estate investors. The company's rising rental income and steadily expanding portfolio have enabled it to increase its dividend every year since its initial public offering in 2017. With high mortgage rates and home prices making homebuying unaffordable for many people, demand for rental properties should remain strong and growing, which will benefit Invitation Homes. Prologis, Realty Income, and Invitation Homes have excellent records of paying dividends. All three REITs currently offer very attractive yields due to their lower share prices and consistent dividend growth. With more growth ahead, they're some of the top REITs to buy right now for a growing stream of passive dividend income. Before you buy stock in Prologis, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Prologis wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Matt DiLallo has positions in Invitation Homes, Prologis, and Realty Income. The Motley Fool has positions in and recommends Invitation Homes, Prologis, and Realty Income. The Motley Fool recommends the following options: long January 2026 $90 calls on Prologis. The Motley Fool has a disclosure policy. Here Are My Top 3 Real Estate Dividend Stocks to Buy Now was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Ossoff to speak about corporate landlords buying up Georgia homes
The Brief Georgia Sen. Jon Ossoff is hosting an oversight session in Atlanta to discuss the alleged mistreatment of Georgia renters by out-of-state corporate landlords. The senator says that nearly 30% of the state's single-family rental homes are owned by one of four major companies. He's asking Georgians who have been affected by this rise in corporate property purchases to tell his office their stories through his website. ATLANTA - Georgia Sen. Jon Ossoff says that he's planning to expose the "mistreatment of Georgians" by out-of-state corporate landlords on Monday. The senator is hosting an oversight session in Atlanta with Georgia renters to discuss the issue. By the numbers The session comes weeks after Ossoff announced that he would be launching an inquiry into multiple out-of-state corporations that have bought up thousands of single-family homes and driven up prices. According to a report by the Government Accountability Office in 2024, large companies owned one in every four single-family renter homes in the metro Atlanta area. Officials say that makes the area the most impacted region in the country. The latest data released last week by a Georgia State University researcher showed that the number had increased to 30%. In Henry County, Ossoff says that nearly 70% of all single-family rental properties. Paulding County's number is reportedly even higher at 78%. Ossoff and Georgia State University professor Dr. Taylor Shelton said that it could mean higher home prices for Georgia families. What they're saying "There is a housing crisis, not just in metro Atlanta, but across the state of Georgia, and more and more Georgians are unable to afford a home," Ossoff said in a statement. "More and more Georgians who are renting instead of buying are facing mistreatment or abusive practices by corporate landlords." "I think we can all agree that we face a housing crisis that a young family with a new child who wants to purchase their first home now can't afford it, and that those who are renting face higher and higher rents and more and more mistreatment from these large, out-of-state corporate landlords. I launched this investigation in order to bring transparency and accountability and to lower home prices for my constituents in Georgia," he said. Dig deeper Ossoff has requested information from four companies - Invitation Homes, Main Street Renewal, Tricon Residential, and Progress Residential - on their home purchases across Georgia. He has asked the companies to provide the information no later than July 1. The senator is asking any Georgians who believe they've been mistreated by large corporate landlords or who have been unable to afford homes to share their stories on his website. The Source Information for this story came from multiple releases by the Office of Sen. Jon Ossoff, a study by the Government Accountability Office, and previous FOX 5 reporting.
