INVH · 8-K · 20261028PR000053

Occupancy and Leasing Activity

Invitation Homes Inc. · 2026-10-28 · Importance 30 · Surprise 32

Same Store Average Occupancy was 96.4%, down 10 basis points year over year, while average monthly rent increased 1.8% to $2,492. Renewal rent growth was 4.3%, but new-lease rent growth was negative 0.2%, resulting in 3.0% blended rent growth. Same Store Core Revenues increased 1.6%, supported by rent and other property income growth, partly offset by lower occupancy and higher bad debt. Regional results varied: same-store Core Revenues grew 6.4% in the Midwest and 1.8% in the Southeast, versus 0.6% in Texas and 0.9% in Florida.

Key facts

• At September 30, 2026, Invitation Homes had 85,961 wholly owned homes with 95.4% average occupancy and average monthly rent of $2,466; its Same Store Portfolio had 76,687 homes, 96.4% occupancy, and $2,492 average monthly rent. source
• Invitation Homes’ Same Store Portfolio comprised 76,687 homes, 89.2% of its 85,961-home total portfolio at Q3 2026 period-end. source
• Q3 2026 Same Store Average Occupancy was 96.4%, down 10 basis points year over year. source
• Q3 2026 Same Store average occupancy was 96.4%, versus 96.5% in Q3 2025. source
• Same Store quarterly turnover rate was 6.2% in Q3 2026, versus 6.3% in Q3 2025. source