Free Research Report as Invitation Homes’ Revenue Grew 4.5% and Core FFO Per Share Surged 20%

Stock Monitor: The RMR Group Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 22, 2017 / Active-Investors.com has just released a free earnings report on Invitation Homes Inc. (NYSE: INVH). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=INVH . The Company posted its financial results on November 08, 2017, for the third quarter of the fiscal year 2017. The real estate investment trust’s total revenue surpassed analysts’ expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for The RMR Group Inc. (NASDAQ: RMR), which also belongs to the Financial sector as the Company Invitation Homes. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=RMR

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Invitation Homes most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=INVH

Earnings Highlights and Summary

For the three months ended September 30, 2017, Invitation Homes’ total revenues increased 4.5% to $243.54 million from $233.04 million in Q3 FY16. The Company’s total revenue numbers surpassed analysts’ expectations of $242.83 million.

During Q3 FY17, Invitation Homes’ net operating income (NOI) increased 8.3% to $150.27 million from $138.79 million in the same period of last year.

For the reported quarter, Invitation Homes’ earnings before interest, tax, depreciation, and amortization (EBITDA) decreased 9.9% to $101.75 million from $112.90 million in Q3 FY16. For the reported quarter, the Company’s EBITDA margin decreased 660 basis points to 41.8% of revenue from 48.4% of revenue in Q3 FY16. For the reported quarter, Invitation Homes’ adjusted EBITDA increased 6.5% to $128.90 million from $121.06 million in Q3 FY16. For the reported quarter, the Company’s adjusted EBITDA margin increased 100 basis points to 52.9% of revenue from 51.9% of revenue in Q3 FY16.

During Q3 FY17, Invitation Homes’ operating income decreased 32.8% to $29.92 million from $44.51 million in the comparable period of last year. For the reported quarter, the Company’s operating margin decreased 680 basis points to 12.3% of revenue from 19.1% of revenue in Q3 FY16.

For the reported quarter, Invitation Homes’ net loss was $22.75 million compared to a net loss of $21.95 million in Q3 FY16. During Q3 FY17, the Company’s diluted earnings per share (EPS) was on par with the negative $0.07 reported in the corresponding period of last year.

For the reported quarter, Invitation Homes’ funds from operations (FFO) decreased 1.9% to $40.83 million from $41.61 million in Q3 FY16. During Q3 FY17, the Company’s FFO per share was on par with the $0.13 recorded in the same period of last year. For the reported quarter, Invitation Homes’ core FFO increased 20.3% to $75.38 million on a y-o-y basis from $62.64 million in Q3 FY16. During Q3 FY17, the Company’s core FFO per share increased 20% to $0.24 from $0.20 in Q3 FY16, and was in-line with analysts’ expectations of $0.24.

For the reported quarter, Invitation Homes’ adjusted funds from operations (AFFO) increased 28.3% to $61.99 million on a y-o-y basis from $48.32 million in Q3 FY16. During Q3 FY17, the Company’s AFFO per share increased 25% to $0.20 from $0.16 in the comparable period of last year.

Segment Details

Same Store Portfolio – During Q3 FY17, the Company’s Same Store Portfolio’s total revenue increased 4.7% to $220.41 million from $210.50 million in the corresponding period of last year. For the reported quarter, the segment’s NOI increased 8.1% to $135.77 million from $125.61 million in Q3 FY16. For the reported quarter, the segment’s core NOI margin was 62.7% compared to 60.4% in Q3 FY16. For the reported quarter, the segment’s average occupancy was 95.4% compared to 95.5% in Q3 FY16.

Non-Same Store Portfolio – During Q3 FY17, the Company’s Non-Same Store Portfolio’s revenue increased 2.6% to $23.13 million from $22.54 million in the same period of last year. For the reported quarter, the segment’s NOI increased 10% to $14.50 million from $13.18 million in Q3 FY16.

Balance Sheet

As on September 30, 2017, Invitation Homes’ cash and cash equivalents decreased 32.1% to $134.44 million from $198.12 million as on December 31, 2016. For the reported quarter, the Company’s net mortgage loans decreased 20.9% to $4.16 billion from $5.25 million in Q4 FY16.

Outlook

For FY17, the Company expects core FFO per share to be in the range of $0.98 – $1.02, and AFFO per share to be in the band of $0.82 – $0.86. The Company estimates same-store revenue growth to be in the range of 4.7% – 4.9%, and same-store NOI growth to be in the band of 6.8% – 7.2% for the fiscal year 2017.

Stock Performance Snapshot

December 21, 2017 – At Thursday’s closing bell, Invitation Homes’ stock slightly climbed 0.34%, ending the trading session at $23.41.

Volume traded for the day: 5.36 million shares, which was above the 3-month average volume of 3.35 million shares.

Stock performance in the last month – up 0.17%; previous three-month period – up 5.69%; past six-month period – up 7.78%; and year-to-date – up 17.05%

After yesterday’s close, Invitation Homes’ market cap was at $11.97 billion.

The stock has a dividend yield of 1.37%.

The stock is part of the Financial sector, categorized under the Real Estate Development industry. This sector was up 0.7% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 484856