INVH · Earnings call · 2026Q3T · Full report

Property Tax Outlook

Invitation Homes Inc. · 2026-10-28 · Importance 26 · Surprise 24

Management said it was cautiously optimistic about the balance of 2026 after reviewing approximately 40% of Florida property tax bills. Those bills gave the company comfort in adjusting its expense-growth guidance, and management hopes expenses will come in closer to the bottom end of the range. The company expects to discuss its property tax outlook for 2027 next quarter.

Key facts

• Invitation Homes planned to discuss its property tax outlook when it provided 2027 guidance next quarter.
• Florida and Georgia together account for more than half of Invitation Homes’ total property tax expense; tax bills received so far were better than originally expected, and the company planned to provide a final update on its next earnings call after the remaining bills arrive.
• Invitation Homes had received about 40% of its Florida property tax bills thus far.