filecrux
Oct 29, 3:19 AM
$INVH Can Invitation Homes' new
$500M buyback keep lifting Core FFO per share if home sales keep funding it?
💰 Invitation Homes, an S&P 500 single-family home landlord, said its board authorized a new
$500M share buyback on October 26, 2026, alongside its Q3 results
💰 The new program equals about 3.2% of the company's roughly
$15.80B market value at
$26.75 a share at 16:00 ET on October 28, 2026
⚠️ The bear case is that growth leans on buybacks, with Q3 Core FFO up 2.4% mainly on a lower share count and Same Store NOI up 1.1%, though the company sells homes near
$460K while its stock implies about
$280K per home
📅 Next: Management webcasts its Q3 review on Thursday, October 29, 2026; watch for the pace of buybacks and Q4 home sales
Source: SEC 8-K, Oct 28 (Q3 release) + 8-K, Sep 9
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