Invitation Homes Investor Presentation Deck
Key Takeaways And Updates
We are the nation's premier single-family home leasing company, with an emphasis on the resident experience
Our October 2023 Same Store results:
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Renewal lease rate growth of 7.0% (versus 6.6% in 3Q23), reflecting continued monthly acceleration since July 2023
New lease rate growth of 2.0% (versus 5.2% in 3Q23), indicating an expected return to more normal seasonality
Blended lease rate growth of 5.4% (versus 6.2% in 3Q23), our strongest-ever October result outside of 2021-2022
Average occupancy generally remaining steady with 3Q23 average of 96.9%
Our best-in-class resident experience focuses on
choice, flexibility, and convenience, with a high level
of service that is unique among an industry comprised
mostly of smaller operators
Supply and demand fundamentals for SFR housing
expected to remain favorable, with the millennial
population just beginning to reach our average new
resident age (T12M) of 38.1 years old
In all 16 of our core markets, it is more affordable to
lease a home than it is to buy, by a weighted average
savings of over $1,100 per month or 32%, according to
data from John Burns as of 3Q23
We believe our emphasis on location, scale and eyes
in markets is an evergreen strategy that offers us
many competitive advantages
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Atlanta
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