Invitation Homes reported fourth quarter and full year 2025 results on a specified date. The company forecasted 2026 Funds From Operations between $1.90 and $1.98 per share, which fell below the market estimate of $1.98. The guidance miss was attributed to anticipated higher costs. In the fourth quarter of 2025, total property operating and maintenance costs increased 7.2 percent to $245 million compared to the year-ago quarter, while total revenues increased 4.0 percent to $685 million. The company also experienced a decline in same-store new lease rate growth. Citizens maintained a Market Outperform rating with a $40 price target, while BMO Capital maintained a Hold rating with a $34 price target.
Read full analysisInvitation Homes reported fourth quarter and full year 2025 results on a specified date. The company forecasted 2026 Funds From Operations between $1.90 and $1.98 per share, which fell below the market estimate of $1.98. The guidance miss was attributed to anticipated higher costs. In the fourth quarter of 2025, total property operating and maintenance costs increased 7.2 percent to $245 million compared to the year-ago quarter, while total revenues increased 4.0 percent to $685 million. The company also experienced a decline in same-store new lease rate growth. Citizens maintained a Market Outperform rating with a $40 price target, while BMO Capital maintained a Hold rating with a $34 price target.
Invitation Homes is the largest U.S. single-family home rental company, owning and managing approximately 80,000 houses across major Sun Belt and Western markets. The company generates revenue through leasing homes to tenants who prefer renting over buying. Rising property maintenance costs that outpaced revenue growth drove today's selloff after the company's 2026 earnings guidance came in below Wall Street expectations.