November 07, 2018

We believe a home is only as good as the lives lived, and memories created, within it. Invitation Homes is the nation’s premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. Core revenues for an identified population of homes reflects total revenues, net of any resident recoveries. At Invitation Homes, our commitment to you is a welcoming home for a more inviting life. S&P DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Treatment of the 2022 Convertible Notes as if converted would be anti-dilutive to both net income per share and FFO per share. For the purpose of determining age of receivables, charges are considered to be due based on the terms of the original lease, not based on a payment plan if one is in place. We have also continued to achieve strong rent collection from our mature, stable resident base, with collections in June and July near historical average levels. An audio webcast may be accessed at The full text of the Earnings Release and Supplemental Information referenced in this release are available on Invitation Homes’ Investor Relations website at Financial and operating measures found in the Earnings Release and Supplemental Information include certain measures used by Invitation Homes management that are measures not defined under accounting principles generally accepted in the United States (“GAAP”). We define NOI for an identified population of homes as rental revenues and other property income less property operating and maintenance expense (which consists primarily of property taxes, insurance, HOA fees (when applicable), market-level personnel expenses, repairs and maintenance, leasing costs, and marketing expense). Invitation Homes Inc. (NYSE: INVH) ("Invitation Homes" or the "Company") announced today the pricing of an offering of 14,500,000 shares of Invitation Homes common stock.
In Q2 2019 and YTD 2019, treatment of the 2019 Convertible Notes as if converted would be anti-dilutive to net income per share and dilutive to FFO per share.

For the Same Store portfolio of 72,261 homes, second quarter 2020 Same Store NOI increased 2.3% year over year on Same Store Core revenue growth of 2.0% and Same Store Core operating expense growth of 1.3%. Accordingly, there can be no assurance that our basis for computing this non-GAAP measure is comparable with that of other companies. As the nation’s premier home leasing company, we offer our residents welcoming spaces for a more inviting life. Events.
YTD 2020 Same Store NOI increased 3.2% year over year on Same Store Core revenue growth of 3.2% and Same Store Core operating expense growth of 3.3%. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. Rent is considered to be due based on the terms of the original lease, not based on a payment plan if one is in place.