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Reit Diversified
Invitation Homes Inc. (IVR) is a publicly-traded real estate investment trust (REIT) that specializes in the acquisition, development, and management of single-family rental homes in the United States. The company's portfolio includes over 80,000 homes for lease across 17 markets in 11 states.
When it comes to key financial metrics, here are some important things to know about Invitation Homes:
1. Dividend Yield: As of March 2023, IVR has a dividend yield of 2.3%, which is slightly above the average for REITs in the residential sector.
2. Funds From Operations (FFO): For the full year 2022, Invitation Homes reported FFO of $882 million, or $3.34 per share, representing an increase of 13% year-over-year.
3. Revenue: The company's total revenue for 2022 was $2.6 billion, up from $2.3 billion in 2021. This represents a growth rate of 12%.
4. Occupancy Rate: As of December 31, 2022, Invitation Homes' occupancy rate stood at 97.4%, reflecting strong demand for its rental homes.
5. Same-Store NOI Growth: Invitation Homes' same-store net operating income (NOI) grew by 6.1% year-over-year in 2022.
It's important to note that while Invitation Homes has posted solid growth in recent years, the company's performance is subject to various risks, including economic downturns, interest rate fluctuations, and changes in housing market conditions. As with any investment, it's important to conduct thorough research and consult with a financial advisor before making any investment decisions.