INVH · 10-Q · 2026Q3 · Full report

Geographic Market Commentary

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

The portfolio spans 16 core markets, with Western United States and Florida representing 70.3% of rental revenues and other property income in the third quarter of 2026. Western United States had 29,986 homes, 96.2% average occupancy, and 38.0% of revenue; Florida had 26,539 homes, 95.1% occupancy, and 32.3% of revenue. The Southeast United States had 18,986 homes and 95.0% occupancy, while Texas had 6,474 homes and 94.1% occupancy. Among individual markets, Atlanta contributed 12.6% of revenue, South Florida 11.4%, and Tampa 10.7%; Dallas had the lowest listed core-market occupancy at 93.8%.