Preliminary April-May Same Store: blended lease rate growth 4.1%, new lease rate growth 2.5%

Invitation Homes Inc.

2025-Q1 EPS reported $0.27 revenue$674,479,000

Blended lease rate growth of 4.1% in April-May, up from 3.6% in Q1 2025.
New lease rate growth turned positive at 2.5%, versus (0.1%) in Q1 2025.
Average occupancy of 97.3%, slightly higher than Q1 2025's 97.2%.
Renewal lease rate growth of 4.7%, down from 5.2% in Q1 2025.
Company highlights $1,100/month affordability gap and over 1,800 BTR homes under construction.

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