INVH · 8-K · 20260909PR000048

Capital Allocation Strategy

Invitation Homes Inc. · 2026-09-09 · Importance 59 · Surprise 42 · In source text

Invitation Homes reported $700 million of stock repurchases since December 2025, at an average price of $26.72 per share, with $300 million remaining under its $1 billion authorization. FY2026 disposition guidance was increased by $300 million to $850 million; year-to-date dispositions were $740 million, and proceeds are the primary funding source for buybacks. The company said homes sold year to date were concentrated in Southern California, South Florida, and Northern California, and it intends to continue funding repurchases with disposition proceeds while the valuation discount persists.

Key facts

• Invitation Homes’ FY2026 disposition guidance was $850 million, an increase of $300 million. source
• Invitation Homes’ year-to-date dispositions were $740 million, an increase of $225 million since the 2Q YTD update. source
• Invitation Homes said it would continue funding buybacks with disposition proceeds for as long as the discount persists. source
• Invitation Homes’ average disposition price per home was approximately $460,000, compared with an approximately $278,000 average buyback price. source

Impact estimates