Invitation Homes Inc. · NYSE:INVH
Invitation Homes — Investor Presentation (June 2023)
19 slides from Invitation Homes's investor presentation, June 2023
Slide 1: Investor Presentation
Investor Presentation June 2023 Together with you, we make a house a home.
Slide 2: I. Executive Summary
I. Executive Summary South Florida 2
Slide 3: Key Takeaways And Updates
Key Takeaways And Updates We are the nation’s premier single-family home leasing company, with an emphasis on the resident experience Our May QTD Same Store results reflect continued strong demand and sustained pricing power: New lease rate growth of 7.4%, versus 5.7% in 1Q23 Renewal rate grow
Slide 4: A Business Model For All Seasons
A Business Model For All Seasons We believe our business and proven strategy position us well against economic uncertainty The location and quality of our homes attracts a higher-end SFR customer; new residents have an average annual income of over $134,000 and an income to rent ratio of 5.1x as o
Slide 5: Differentiated Portfolio And Platform
Differentiated Portfolio And Platform We are strategically positioned around three pillars that enhance growth and the resident experience Track Record of Sector-Leading Growth and High-Quality Resident Experience Location Scale Eyes in Markets • We believe infill locations • Nearly 5,200 homes per
Slide 6: Our Commitment To ESG
Our Commitment To ESG We published our sustainability progress overview in April 2023, available on our sustainability website Resident education on energy efficiency ENERGY STAR® certified appliances and durable, energy-efficient materials ENVIRONMENTAL Smart Home technology and HVAC filter d
Slide 7: Track Record Of Consistency And Sector-Leading Growth
Track Record Of Consistency And Sector-Leading Growth Differentiated locations, scale, and local expertise have driven consistent organic growth outperformance 2017 SS-NOI Growth 2018 SS-NOI Growth 2019 SS-NOI Growth Invitation Invitation Invitation 7.4% 4.4% 5.6% Homes Homes Homes AMH 5.1% AMH 2.8%
Slide 8: II. Location & Scale
Denver Tampa II. Location & Scale 8
Slide 9: Location: High-Growth Markets
Location: High-Growth Markets We focus on high-growth markets and in-fill neighborhoods with proximity to jobs, transportation, and schools >95% of revenue from Western Seattle 6% U.S., Sunbelt, and Florida Minne- apolis 6.6% Northern 1% Chicago avg annual SS-NOI growth California 3% 6% from 2017 to
Slide 10: Multi-Channel Approach To Acquisitions
Multi-Channel Approach To Acquisitions Our multi-channel approach puts eyes on more opportunities and maximizes selectivity We believe our multi-channel acquisition approach enables significant external growth in better locations without on-balance-sheet development risk Channel agnostic, location
Slide 11: Atlanta: Case Study In Delivering Our Platform At Scale
Atlanta: Case Study In Delivering Our Platform At Scale Our industry-leading scale enables us to operate efficiently with significant local presence in markets Atlanta - 12,636 Homes (1) ATL 1 • 1 Vice President of Operations 2,716 Homes • 2 Director of Operations • 2 Rehab/Turn/R&M Director ATL 2 •
Slide 12: III. Eyes In Markets
Phoenix Tampa III. Eyes In Markets 12
Slide 13: Best-In-Class, Local Approach To Operations And Investing
Best-In-Class, Local Approach To Operations And Investing Local, high-touch service with eyes in markets enhances control over asset quality and the resident experience Central strategy, tools, and oversight Differentiated Approach Local resident service, leasing, and investment/asset management,
Slide 14: Proactive Resident Service And Asset Management
Proactive Resident Service And Asset Management ProCare proactive maintenance program designed to optimize each touch point with our residents and homes ProCare is our differentiated approach to service that leverages proactive engagement with residents and homes to maximize resident satisfaction
Slide 15: Growing Ancillary Services
Growing Ancillary Services We remain on track with our multi-year plan to grow ancillary services to enhance the resident experience Smart Home Update: Base Smart Home package recently expanded to include video doorbell along with smart lock and smart thermostat Upgraded Smart Home packages ma
Slide 16: IV. Industry Fundamentals
IV. Industry Fundamentals Denver 16
Slide 17: Meeting An Underserved Need In The Housing Market
Meeting An Underserved Need In The Housing Market We provide a unique experience, but today serve only 0.5% of the growing demand for single-family rentals Current U.S. Population by Age Cohort (2) U.S. Housing Summary (1) (millions of people) Potential 131 Million Households Future 24 Demand Owned:
Slide 18: Supply Continues To Be Constrained
Supply Continues To Be Constrained We believe a decade-long shortfall in single-family construction is likely to persist for the foreseeable future Rising labor costs, materials costs, impact fees, land scarcity, and regulatory hurdles have been barriers to supply Replacement cost for single-fam
Slide 19: Disclaimer
Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which include, but are not limited to, statements related to the Comp