Invitation Homes Inc. (NYSE:INVH) Reports 3Q18 Profit Up; Narrows Outlook

Invitation Homes Inc. (NYSE:INVH) reported net income for the third quarter of $ 0.82 million or $ 0.00 per share, compared to loss $ 22.75 million or $ 0.07 per share for the year-ago quarter.

The Dallas based company recorded third quarter core funds from oprations income of $ 155.78 million or $ 0.29 per share.

The total revenue for third quarter rose 78% to $ 434.25 million from $ 243.54 million in the same quarter last year.

Analysts polled by Thomson Reuters expected INVH to report loss of $ 0.01 per share on revenue of $ 435.12 million for the third quarter.

For the full year 2018, INVH expects earnings in the range of $ 1.16 – $ 1.18.

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