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Invitation Homes Core Operating Funds Grow 2.4% Year-over-Year

The Motley Fool +1 · ·by G4L

INVH
INVH Invitation Homes Inc
$26.85 +0.75%
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  1. 1Invitation Homes recorded a 2.4% year-over-year growth in core operating funds.
  2. 2Invitation Homes announced core funds from operations (FFO) of $0.48 per share.
  3. 3The company maintains high occupancy and pricing power due to slowing new supply and high mortgage rates.

So what's the key point?

Invitation Homes increased its operating funds by 2.4% compared to last year. Because new home construction is slowing and mortgage rates are high, the company is maintaining its ability to set prices.

Source The Motley Fool +1 · View original ↗

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