Invitation Homes (INVH) continues to make significant strides as it has cleared a $630M debt with no maturities until 2027 and secured a credit rating upgrade to ‘BBB+’ from Fitch. Despite minor setback such as FTC's fine of $48M over hidden fees, the company remains a strong contender in the Real Estate sector. INVH recently launched a $500M joint venture for new home construction and announced another joint venture worth $200 Million which contributes to their strategic positioning in the market. Despite occasional fluctuation in stock performance, INVH displays resilience with an attractive valuation despite moderating rental inflation. Goldman Sachs regards INVH as a long-term leader in single-family rentals. It has a prevalent focus on tech, using it to enhance the experiences of both residents and associates. INVH continues to exhibit strong Quarterly financial performance including a revenue surpassing estimates at $660M, despite an EPS miss at $0.15. This solidifies its status as a potential choice for passive income.
Invitation Homes INVH News Analytics from Thu, 03 Feb 2022 08:00:00 GMT to Tue, 24 Dec 2024 15:06:00 GMT -
Rating 8
- Innovation 2
- Information 7
- Rumor 3
