Oct 29 (Reuters) - Invitation Homes ( INVH ) reported
third-quarter revenue above Wall Street expectations on
Wednesday, helped by robust demand for single-family rental
homes.
The real estate investment trust, which leases about 85,000
homes across 16 U.S. markets, reported revenue of $688.2 million
for the quarter September 30, compared with analysts' estimate
of $675.1 million.
The company reported third-quarter core funds from
operations of 47 cents per share, in line with analysts'
estimate.
It expects core 2025 FFO to be in the range of $1.90 to
$1.94 per share, the mid-point of which is also in line with the
estimate.
The Dallas, Texas-based REIT reported same-store renewal
rent growth of 4.5% during the quarter, reflecting rental
increases for existing tenants who renew their leases.