Invitation Homes Inc. (INVH) Misses Q2 EPS by 2c, Revenues Beat

Invitation Homes Inc. (NYSE: INVH) reported Q2 EPS of ($0.03), $0.02 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $432 million versus the consensus estimate of $430.33 million.

"We are maintaining the midpoints of our Same Store Core revenue growth and 2018 Core FFO per share guidance, and narrowing the ranges to 4.3% - 4.7% and $1.15 - $1.19. Favorable fundamentals are expected to continue supporting revenue growth, and better than expected interest expense savings due to opportunistic refinancing activity are likely to offset higher Same Store operating expenses. We are also pleased that synergy savings are expected to exceed our initial estimates, and achievement has occurred faster in 2018 than we originally anticipated.

"As we enter the second half of 2018, we remain focused on widening our competitive advantages in the marketplace - namely our people, locations, scale, and service - for the benefit of residents, associates, and shareholders."

For earnings history and earnings-related data on Invitation Homes Inc. (INVH) click here.

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