Invitation Homes' Tenants Are Making Their Rent Payments
Among most real estate investment trusts (REITs), rent collections due to COVID-19 disruptions have been a worry. Retail REITs have created the most concern, although apartment REITs and office REITs are generating worries as well.
So far, the worst fears regarding rental non-payment have not been borne out. With single-family REITs, companies like Invitation Homes (NYSE: INVH) are in an enviable position, with consumer tastes shifting to single-family suburban living. Home prices are also rising, which helps the company raise rents and also earn gains on sale.
Single-family rental REITs are consolidating what has always been an industry dominated by small landlords who own a couple of properties. For a long time, scale was difficult to achieve, but the single-family REITs have figured out how.
Source Fool.com
