Investor Presentaiton

Strong Leasing Momentum Into Late Peak Leasing Season Record rent growth continues to accelerate in May, and fundamental tailwinds are expected to persist Same Store Blended Rental Rate Growth Same Store Average Occupancy 2020 2021 3.4% 1Q 5.4% 8.1% 7.0% 3.1% 3.2% April Same Store New Lease Rate Growth 2020 2021 10.8% 7.9% 1.8% 1Q 1.1% May 14.1% 2.3% April May 7 2020 2021 98.4% 98.4% 97.2% 96.7% 1Q 97.5% 98.3% April May Same Store Renewal Rate Growth 2020 2021 5.9% 5.5% 4.4% 4.2% 4.1% 3.6% 1Q April May invitation homes

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