Invitation Homes Inc. — Form 8-K

Invitation Homes reported Q2 2026 net income of $0.37/share (vs. $0.23 YoY) on total revenues of $748M (+9.7% YoY). Core FFO per share increased 5.0% to $0.51; AFFO per share increased 5.9% to $0.44. Company raised full-year 2026 Core FFO and AFFO guidance by $0.01/share each to $1.95 and $1.65 respectively. Since December 2025, repurchased 22,812,421 shares (~3.8% of shares outstanding) for ~$600M at $26.30 avg. price under two $500M authorization programs. On June 30, priced $500M of 4.950% senior notes due 2032 at 99.291%; closed July 8 and used proceeds to prepay $988M secured debt maturing June 2027. Net debt/TTM Adjusted EBITDAre of 5.4x, below 5.5x–6.0x target. Disposed 657 homes (avg. $469.6K) and acquired 196 homes (avg. $380K).