Invitation Homes Delivers a Q4 Beat

Invitation Homes (NYSE:INVH), a leading provider of single-family home rentals in the U.S., released its earnings report for the fourth quarter on Feb. 26. The real estate investment trust's (REIT) net income of $0.23 per share exceeded the $0.18 per share estimate. Core funds from operations (FFO) -- which REITs view as a more meaningful measure of their performance -- was $0.47 per share. Total revenue was $659 million, beating the $649 million forecast and up 5.6% from the prior-year period.

Source: Analysts' estimates for the quarter provided by FactSet. Percentages shown may not directly match associated data points due to rounding of metrics.

Invitation Homes is a prominent renter of single-family homes in the U.S. Its business model benefits from a vertically integrated operation that oversees acquisition, renovation, leasing, maintenance, and management. This allows for efficient cost control and a consistent resident experience. The company's recent areas of focus have included strengthening resident satisfaction through initiatives like the ProCare service platform and maintaining a high presence in markets with strong demand growth.

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Source Fool.com