DALLAS – (BUSINESS WIRE) – Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”), the nation’s leading single-family home leasing company, announced today that members of the company’s management will be attending upcoming investor events.
In light of these events, the company announces the following updates:
Leasing update for July and August
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Operating results of the same business |
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August 2021 |
July 2021 |
2nd quarter 2021 |
August 2020 |
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Rental price growth (lease-over-lease): |
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Extensions |
8.0% |
7.0% |
5.8% |
3.3% |
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New leases |
18.9% |
17.5% |
13.8% |
5.6% |
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Mixed |
11.0% |
9.9% |
8.0% |
4.1% |
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Average occupancy |
98.1% |
98.1% |
98.3% |
97.8% |
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Rental assistance update
The company intends to continue working with residents in financial need to find solutions that will keep them in their homes. This includes continuing to provide residents with information about rental assistance programs that they may be eligible for, application instructions, required documentation, and owner requirements. In fiscal 2020 and so far 2021 through August, the company helped thousands of residents apply for government assistance programs and received more than $ 19 million in rental support payments as a result.
Letter from the Federal Trade Commission
The company recently received a letter from the Federal Trade Commission staff asking for information on how the company conducts its business in general and during the COVID-19 pandemic in particular. The company cooperates with the request.
Details on the upcoming investor event
On Thursday, September 9, 2021 at 2:00 p.m. Eastern Time, the company’s President and Chief Executive Officer, Dallas Tanner, will speak during the 13th.
On Wednesday, September 22, 2021 at 9:00 a.m. Eastern Time, Company CFO Ernie Freedman and Chief Operating Officer Charles Young will participate in a panel discussion at the BofA Securities 2021 Global Real Estate Conference. A live audio webcast of the presentation will be available in the Investor Relations section of the company’s website at www.invh.com, replaying through October 22, 2021.
About invitation houses
Invitation Homes is the nation’s leading single family home leasing company, meeting the changing demands of lifestyle by providing access to high quality, modernized homes with valued features such as proximity to workplaces and access to good schools. The company’s mission, “Together with you, we make a house a home,” reflects its commitment to providing a home that individuals and families can thrive in and superior service that continually improves the living experience for residents.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which, among other things, includes statements relating to the Company’s expectations for business developments of the company and other non-historical statements. In some cases, you can identify these forward-looking statements by using words such as “outlook”, “believes”, “expects”, “potentially”, “further”, “could”, “will”, “should”, “could” , “Seeks”, “projected”, “predicted”, “intends”, “planet”, “estimates”, “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including but not limited to risks related to the single family rental industry and the company’s business model, macroeconomic factors beyond the control of the company, competition in the identification and acquisition of real estate, competition in the rental market for high quality residents, rising property taxes, home ownership and insurance costs, the company’s reliance on third parties for essential services, risks related to property valuation, poor selection of residents and defaults and non-renewals by the company’s residents, performance of the company’s information technology systems, risks in the Relation to the company’s indebtedness and risks related to the potential negative impact of the ongoing COVID-19 pandemic on its financial position, operating results bnis, the cash flows, the business, the affiliates and the residents of the company. Accordingly, there are or there will be important factors that could cause actual results or results to differ materially from those expressed in these statements. In addition, many of these factors have been compounded by the persistent and numerous negative effects of COVID-19. The Company believes these factors include, but are not limited to, those described in Part I. Item 1A. “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, as these factors may be updated from time to time in the Company’s periodic filings with the SEC, which can be found on the SEC’s website at https : //www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements contained in this press release and in the company’s other periodic filings. The forward-looking statements speak only as of the date of this press release, and the company expressly disclaims any obligation or undertaking to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except: unless otherwise required by law.
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