| INVH |
Report |
Core FFO per share |
BEAT |
pred ~$0.50 vs. cons $0.49 |
MEDIUM |
| INVH |
Report |
Total Revenue |
IN-LINE |
pred ~$717M vs. cons $714.3M |
MEDIUM |
| INVH |
Report |
Same Store NOI Growth (Q2 y/y) |
BEAT |
pred ~1.4% vs. cons ~0.9% |
LOW |
| INVH |
Guide |
FY26 Core FFO per share guidance |
UNCHANGED |
guide ~$1.94 (mid) vs. cons $1.95 (FY26) |
MEDIUM |
| INVH |
Guide |
FY26 Same Store NOI growth guidance |
BETTER |
guide ~1.5-1.75% (mid) vs. cons ~1.0-1.25% prior (FY26) |
LOW |
| INVH |
Guide |
FY26 Disposition/capital recycling target |
BETTER |
guide ~$600M vs. cons/prior $550M midpoint (FY26) |
LOW |
| INVH |
Guide |
New-lease/blended rent growth trajectory commentary (Q2 vs. April preview) |
BETTER |
guide/color ~2.5-3.0% Q2 blended vs. cons/prior-quarter run-rate ~2.3% (Q2 2026 leasing update) |
MEDIUM |
| INVH |
Return |
Day-1 residual (stock − beta × S&P 500) |
+1.2% |
— |
MEDIUM |
| INVH |
Return |
5-day cumulative residual |
+1.8% (FOLLOW-THROUGH) |
Peer read-through (EQR raised FY26 same-store revenue/NOI guidance on accelerating blended rents and stable occupancy) plus INVH's own April inflection (new-lease turning positive, occupancy +80bps) point to a constructive but not blowout print. Prior two INVH prints (Q1'26 beat, Q2'25 miss) both showed 5-day residuals moving further in the direction of day-1 (momentum/follow-through rather than mean-reversion), consistent with a small-cap REIT where sell-side estimate revisions lag the print by a few days. A modest guidance nudge up (not a full raise, since management wanted to see the whole peak season) caps upside vs. a blowout, but the lack of a cut and continued buyback/disposition arbitrage keeps the tape constructive into day 5 rather than fading. |
LOW |