INVH · 10-Q · 2026Q3 · Full report

Geographic Revenue Concentration

Invitation Homes Inc. · 2026-10-29 · Importance 37 · Surprise 6

The Western United States and Florida generated 70.3% of rental revenues and other property income during the three months ended September 30, 2026. The market table reports 38.0% of revenue from the Western United States and 32.3% from Florida, compared with 18.9% from the Southeast United States. Southern California contributed 10.5%, Atlanta 12.6%, South Florida 11.4%, and Tampa 10.7% of revenue in the quarter.

Key facts

• The Western United States and Florida represented 70.3% of Invitation Homes' rental revenues and other property income during the three months ended September 30, 2026. source
• As of September 30, 2026, Invitation Homes wholly owned 85,961 homes for lease, jointly owned 7,445 homes for lease, and provided professional third-party property and asset management services for 15,354 additional homes, primarily in 16 core markets. source
• Invitation Homes operates primarily in the Western United States, Florida, and the Southeast United States. source