INVH Invitation Homes Inc.
Price Chart
Executive Summary
Invitation Homes filed an 8-K furnishing a June 2026 investor presentation. The presentation highlights accelerating same-store leasing metrics in April-May 2026 (blended rent growth of 2.5%, up from 1.6% in Q1 2026, and occupancy of 97.2%), a 31% discount of implied per-home valuation ($294K) to Q1 2026 average sales price ($427K), and the accretive ResiBuilt acquisition expected to contribute $0.02/share to 2026 AFFO. The presentation is a routine investor relations update with no new financial guidance or material definitive agreements.
Actionable Insight
The acceleration in blended rent growth (2.5% vs 1.6% Q1) and positive new-lease rent growth (+0.8%) are modestly positive operational signals, but this is a routine investor presentation with no new guidance. Monitor Q2 2026 earnings for confirmation of these trends and any guidance updates.
Key Facts
- April-May 2026 same-store average occupancy improved to 97.2% vs 96.3% in Q1 2026
- April-May 2026 blended rental rate growth accelerated to 2.5% vs 1.6% in Q1 2026
- New lease rental rate growth turned positive at +0.8% in April-May vs -3.0% in Q1 2026
- Renewal rental rate growth moderated to 3.2% in April-May vs 3.7% in Q1 2026
- At $29 stock price, implied per-home valuation of $294K represents a 31% discount to Q1 2026 average sales price of $427K
- ResiBuilt acquisition expected to contribute $0.02 per share to 2026 AFFO
- Net Debt / TTM Adj. EBITDAre at 5.6x as of 3/31/2026
- $1.3B of liquidity (cash + revolver capacity) as of 3/31/2026
- No debt maturing before June 2027
- Same Store NOI growth of +64.3% from 2017-2025, outperforming peers
Financial Impact
No new financial guidance or material financial data provided; presentation references Q1 2026 metrics and April-May 2026 leasing trends
Risk Factors
- Renewal rental rate growth continues to decelerate (3.2% vs 3.7% in Q1 2026)
- Forward-looking statements in presentation are aspirational and not guaranteed
- ResiBuilt contribution of $0.02/share to 2026 AFFO is modest and subject to execution risk
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001687229-26-000037 |
| Document: investorpresentation_jun.htm | 0001687229-26-000037 |
| Document: 0001687229-26-000037-index-headers.html | 0001687229-26-000037 |
| Document: 0001687229-26-000037-index.html | 0001687229-26-000037 |
| Document: 0001687229-26-000037.txt | 0001687229-26-000037 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 1, 2026
4d ago
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8-K
| — | awaiting T+20 | — | — |
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May 28, 2026
8d ago
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ANALYST-UPGRADE
| $28.16 $29.41 | ▲ +4.44% | ▼ −1.02% | $30.04 (+6.68%) |
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May 28, 2026
8d ago
|
ANALYST-DOWNGRADE
| — | awaiting T+20 | — | — |
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May 18, 2026
18d ago
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ANALYST-UPGRADE
| — | awaiting T+20 | — | — |
|
May 16, 2026
20d ago
|
ANALYST-UPGRADE
| $28.51 $28.38 | ▼ −0.46% | ▼ −1.05% | $30.04 (+5.37%) |
|
Apr 28, 2026
5w ago
|
ANALYST-UPGRADE
| — | awaiting T+20 | — | — |
|
Apr 16, 2026
7w ago
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ANALYST-UPGRADE
| $26.26 $28.46 | ▲ +8.39% | ▲ +2.57% | $30.04 (+14.40%) |
|
Mar 26, 2026
10w ago
|
DEFA14A
| $24.44 $27.13 | ▲ +11.01% | ▼ −1.73% | $30.04 (+22.92%) |
|
Mar 5, 2026
13w ago
|
8-K
| $26.18 $25.46 | ▼ −2.75% | ▼ −0.71% | $30.04 (+14.75%) |
US Market Status
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