Why Invitation Homes Stock Is Falling Today
Invitation Homes (NYSE: INVH) updated investors, saying the company is "well positioned" to deliver outsized annual funds from operations (AFFO) growth in the years to come. But investors appear more focused on metrics that show a slowing from last quarter.
Shares of Invitation Homes are down about 5% as of 11:30 a.m. ET on the news.
Invitation Homes is a real estate investment trust (REIT) focused on single-family rental homes. The company provided an update to investors highlighting the strength of its third-party management business and its strong relationships with homebuilders, arguing that it is set up well to grow from here.
Source Fool.com
