Invitation Homes Q4 revenue rises 4.0% to $685 million; sees 2026 Core FFO $1.90-$1.98
Invitation Homes reported fourth-quarter and full-year 2025 results on February 18, 2026. Q4 total revenues rose 4.0% to $685 million and diluted net income per share rose to $0.24 from $0.23, while Core FFO per share rose 1.3% to $0.48. The company guided 2026 Core FFO per share to $1.90 to $1.98, a midpoint of $1.94 versus $1.91 reported for 2025, but Same Store average occupancy fell 90 basis points year over year to 95.9% in Q4.
Key points
- Q4 2025 total revenues $685 million, up 4.0%; net income per diluted share $0.24 versus $0.23 a year earlier
- FY 2025 Core FFO per share $1.91, up 1.7%; AFFO per share $1.63, up 1.8%
- FY 2026 guidance: Core FFO per share $1.90 to $1.98 and AFFO per share $1.60 to $1.68; Same Store NOI growth 0.3% to 2.0%
- Company repurchased about $100 million of shares to date, including January 2026, under a $500 million program authorized October 28, 2025
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 18, 2026.
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