Invitation Homes Inc. · NYSE:INVH
Invitation Homes — Citi Conference March 7-8, 2022
17 slides from Invitation Homes's conference presentation, Mar 7, 2022
Slide 1: Citi Conference March 7-8, 2022
Confidential Citi Conference March 7-8, 2022 Exhibit 99.1
Slide 2: Strategically positioned to pursue growth opportunities and enhance resident experience
We are strategically positioned to pursue multiple growth opportunities and enhance the resident experience Key Updates & Guidance Core FFO per share – diluted AFFO per share – diluted SS Core Revenues growth SS Core OpEx growth SS NOI growth FY 2022 Guidance $1.62 - $1.70 $1.38 - $1.46 8.0% - 9.0%
Slide 3: 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 outperformance in organic growth ________________________________________________ National Multifamily represents simple average of CPT, MAA, and UDR. Coastal Multifamily
Slide 4: Our Commitment to ESG
Our Commitment to ESG SOCIAL Top-ranked governance(1) 89% of directors independent Quarterly ESG board updates Robust risk management Opted out of MUTA Genuine Care commitment to our residents Associates’ pay linked to resident service & ESG Employee Resource Groups and training foster DE&I $250 mil
Slide 5: I. Poised for Growth
I. Poised for Growth @ invitationnomes
Slide 6: Multi-Channel Approach to Acquisitions
Channel agnostic, location specific Multi-Channel Approach to Acquisitions Our multi-channel approach puts eyes on more opportunities and maximizes selectivity Broker/MLS Leverage AcquisitionIQ and broker network to maximize deal flow Builder Partnerships Foster relationships to target new-build sup
Slide 7: 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 made ava
Slide 8: Investment Grade Balance Sheet
Investment Grade Balance Sheet Accomplishing what we said we would regarding our balance sheet Our investment grade ratings: Provide annualized interest cost reduction of approximately $0.03 per share Offer improved flexibility and access to additional forms of cost-effective capital Reinforce commi
Slide 9: II. Highly compelling long-term industry fundamentals
II.Highly compelling long-term industry fundamentals
Slide 10: 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 U.S. Single-Family Rental Ownership (3) ________________________________________________ Source: John Burns Real Estate Consulting, Burns US Hou
Slide 11: 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 Total Housing Permits (Single and Multifamily) as a % of Households in Invitation Homes’ Markets (1) Rising labor costs, materials costs, impact fees, l
Slide 12: III. Our Unique Competitive Advantages
III. Our Unique Competitive Advantages
Slide 13: Differentiated Portfolio and Platform
Differentiated Portfolio and Platform We are strategically positioned around three pillars that enhance growth and the resident experience Location 95% of portfolio in Western U.S., Sunbelt, and Florida In-fill neighborhoods High barriers to homeownership Outsized LT growth drivers We believe infill
Slide 14: 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 U.S., Sunbelt, and Florida 6.1% avg annual SS-NOI growth from 2017 to 2021 33% more home price appreciation than U.S. avg since 201
Slide 15: Scale: Atlanta Example
Scale: Atlanta Example Our industry-leading scale enables us to operate efficiently with significant local presence in markets NW POD Team 3,478 Homes NE POD Team 3,334 Homes SE POD Team 2,934 Homes SW POD Team 2,915 Homes Atlanta - 12,661 Homes (1) ________________________________________________ I
Slide 16: Eyes in Markets: Proactive Resident Service and Asset Management
Eyes in Markets: Proactive Resident Service and Asset Management ProCare proactive maintenance program designed to optimize each touch point with our residents and homes Initial Showing / Leasing Interaction ProCare Resident Orientation (RO) ProCare 45-Day Maintenance Visit Work Order General Proper
Slide 17: 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, which include, but are not limited to, statements related to the Company’s expectations re