secwatch.observer — SEC 8-K summary
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Issuer:     Invitation Homes Inc. (INVH)
CIK:        0001687229
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001687229-24-000019
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Invitation Homes issues FY2024 guidance with >5% Core FFO growth; Feb same-store metrics strong
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- Preliminary Feb 2024 same-store occupancy 97.6% (pre-pandemic high); blended lease rate growth 4.5%, up from 3.5% in Jan.
- FY2024 Core FFO per share guidance $1.82-$1.90 (midpoint $1.86), up from FY2023 actual $1.77; AFFO guide $1.54-$1.62.
- Same Store NOI growth guided at 3.5%-5.5% (midpoint 4.5%), vs FY2023 actual 4.8%.
- Wholly owned acquisitions planned at $600M-$1B, dispositions $400M-$600M; BTR pipeline ~1,800 homes (~$700M).
- Third-party management grows to over 14k homes; company expects favorable SFR demand from millennial demographics.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687229/000168722924000019/0001687229-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687229/000168722924000019/invh-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001687229-24-000019

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