Investor Presentaiton

Increasing 2021 Full Year Guidance Guidance raise driven by robust results in April and May, and stronger outlook for the remainder of the year Revised Previous FY 2021 Guidance FY 2021 Guidance Change at Mid-point - Core FFO per share · diluted $1.38 - $1.46 AFFO per share - - diluted $1.18 $1.26 $1.34 - $1.42 $1.13 - $1.21 $0.04 $0.05 Same Store Core revenue growth 4.5% -5.5% Same Store Core operating expense growth Same Store NOI growth 2.5% - 3.5% 5.5% -6.5% 3.75% -4.75% 3.75% -4.75% 3.75% 4.75% 0.75% (1.25%) 1.75% Note: The Company does not provide guidance for the most comparable GAAP financial measures of net income (loss), total revenues, and property operating and maintenance expense, or a reconciliation of the forward-looking non-GAAP financial measures of Core FFO per share, AFFO per share, Same Store Core revenue growth, Same Store Core operating expense growth, and Same Store NOI growth to the comparable GAAP financial measures because it is unable to reasonably predict certain items contained in the GAAP measures, including non-recurring and infrequent items that are not indicative of the Company's ongoing operations. Such items include, but are not limited to, impairment on depreciated real estate assets, net (gain)/loss on sale of previously depreciated real estate assets, share-based compensation, casualty loss, non-Same Store revenues, and non-Same Store operating expenses. These items are uncertain, depend on various factors, and could have a material impact on our GAAP results for the guidance period. invitation homes

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