secwatch.observer — SEC 8-K summary
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Issuer:     Invitation Homes Inc. (INVH)
CIK:        0001687229
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001687229-24-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Invitation Homes reports May QTD blended lease rate growth of 5.3%, up from 4.4% in 1Q24
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- New lease rate growth accelerated to 3.5% in May QTD vs 0.8% in 1Q24.
- Renewal lease rate growth of 5.9% vs 5.8% in 1Q24; occupancy 97.5%.
- BTR pipeline of ~2,000 homes (~$729M) with homebuilders like D.R. Horton and Lennar.
- Value-add revenues expected to reach $63M in 2024E, up from $50M in 2023.
- Company manages 105,535 total homes, including 17,268 third-party managed homes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687229/000168722924000037/0001687229-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687229/000168722924000037/invh-20240530.htm
  HTML page:      https://secwatch.observer/filing/0001687229-24-000037

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