Invitation Home: Q4 Financial Overview
Invitation Home Inc. Reports Fourth Quarter Financial Results
Invitation Home Inc., a Dallas-based real estate investment trust specializing in single-family rental properties, announced its financial performance for the fourth quarter on Wednesday. The company's results aligned with analysts' expectations.
During the quarter, Invitation Home generated $294.4 million in funds from operations, translating to 48 cents per share. This figure matched the consensus estimate from six analysts polled by Zacks Investment Research.
Funds from operations, a key metric in the REIT sector, is calculated by adjusting net income to add back non-cash expenses such as depreciation and amortization.
The company also reported a net income of $144.3 million, or 24 cents per share, for the period.
Revenue for the quarter reached $685.3 million, surpassing the $677.1 million anticipated by five analysts surveyed by Zacks.
Looking ahead, Invitation Home projects its full-year funds from operations to fall between $1.90 and $1.98 per share.
This article was produced using data provided by Zacks Investment Research and generated by Automated Insights.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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