Invitation Homes Reports Strong Q2 FFO and Revenue Beats
Invitation Homes (INVH) reported second-quarter results that exceeded expectations, with funds from operations (FFO) of $0.51 per share, surpassing estimates by $0.02. Additionally, adjusted funds from operations (AFFO) rose 5.9% year-over-year to $0.44 per share. Revenue for the quarter reached $748 million, beating forecasts by $13.46 million and growing 9.7% compared to last year. Same Store Net Operating Income increased by 1.5%, supported by a 1.6% rise in same-store core revenues.
Tickers: $INVH
Topics: NOI increase real estate revenue growth