DALLAS, Sept. 5, 2018 /PRNewswire/ -- Invitation
Homes Inc. (NYSE: INVH) ("Invitation Homes" or the "Company") today
announced an update to its leasing results through August 31, 2018. Leasing performance to
date in Q3 2018 remains strong and in-line with management's
expectations. The Company provided the following operating
metrics for its Same Store pool, as of August 31, 2018:
Same Store Operating Results
|
July + August
2018
|
|
|
Average
Occupancy
|
95.3%
|
|
|
Rental rate
growth:
|
|
New Leases
|
3.7%
|
Renewals
|
4.8%
|
Blended
|
4.4%
|
For operating metric definitions, please refer to Invitation
Homes' Annual Report on Form 10-K for the year ended December 31, 2017, filed with the Securities and
Exchange Commission.
About Invitation Homes:
Invitation Homes is a leading owner and operator of
single-family homes for lease, offering residents high-quality
homes across America. With more than 80,000 homes for lease in 17
markets across the country, Invitation Homes is meeting changing
lifestyle demands by providing residents access to updated homes
with features they value, such as close proximity to jobs and
access to good schools. The company's mission, "Together with
you, we make a house a home," reflects its commitment to high-touch
service that continuously enhances residents' living experiences
and provides homes where individuals and families can thrive.
Investor Relations Contact:
Greg Van Winkle
Phone: 844.456.INVH (4684)
Email: IR@InvitationHomes.com
Media Relations Contact:
Claire Parker
Phone: 202.257.2329
Email: Media@InvitationHomes.com
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended (the "Securities Act") and Section 21E of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), which
include, but are not limited to, statements related to the
Company's expectations regarding the anticipated benefits of the
merger with Starwood Waypoint Homes, the performance of the
Company's business, its financial results, its liquidity and
capital resources, and other non-historical statements. In some
cases, you can identify these forward-looking statements by the use
of words such as "outlook," "believes," "expects," "potential,"
"continues," "may," "will," "should," "could," "seeks," "projects,"
"predicts," "intends," "plans," "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, among others, risks associated with
achieving expected revenue synergies or cost savings from the
merger, risks inherent to the single-family rental industry sector
and the Company's business model, macroeconomic factors beyond the
Company's control, competition in identifying and acquiring the
Company's properties, competition in the leasing market for quality
residents, increasing property taxes, homeowners' association fees
and insurance costs, the Company's dependence on third parties for
key services, risks related to evaluation of properties, poor
resident selection and defaults and non-renewals by the Company's
residents, performance of the Company's information technology
systems, and risks related to the Company's indebtedness.
Accordingly, there are or will be important factors that could
cause actual outcomes or results to differ materially from those
indicated in these statements. Additional factors that could cause
the Company's results to differ materially from those described in
the forward-looking statements can be found under the section
entitled "Part I. Item 1A. Risk Factors," of the Annual Report on
Form 10-K for the fiscal year ended December
31, 2017, filed with the Securities and Exchange Commission
(the "SEC"), as such factors may be updated from time to time in
the Company's periodic filings with the SEC, which are accessible
on the SEC's website at http:// www.sec.gov. These factors should
not be construed as exhaustive and should be read in conjunction
with the other cautionary statements that are included in this
release and in the Company's filings with the SEC. The
forward-looking statements speak only as of the date of this press
release, and we expressly disclaim any obligation or undertaking to
publicly update or review any forward-looking statement, whether as
a result of new information, future developments or otherwise,
except to the extent otherwise required by law.
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SOURCE Invitation Homes