Invitation Homes Sets $500M-$700M Acquisition Target for 2025 Amid Strong Demand and Leadership Transition.

Invitation Homes has outlined a $500M-$700M 2025 acquisition target, with CEO Dallas Tanner citing a robust pipeline and a leadership transition. The company is on track to meet or exceed its guidance, with Tanner stating that the demand for Invitation Homes' services remains high. The leadership transition was announced during the Q2 2025 earnings call, with Tanner taking on the CEO role.

Title: Invitation Homes Outlines $500M-$700M Acquisition Target for 2025

Invitation Homes Inc. (INVH), a leading single-family home leasing and management company, has outlined a robust acquisition target for 2025, with CEO Dallas Tanner expressing confidence in meeting or exceeding the $500 million to $700 million guidance. The company's Q2 2025 earnings call provided an update on its financial performance and strategic plans.

Tanner highlighted the company's strong pipeline and the resilience of its platform, stating that demand for Invitation Homes' services remains high. The company reported solid financial results, with total revenues increasing by 4.3% year-over-year to $681 million, and net income available to common stockholders rising by 92.7% to $141 million or $0.23 per diluted common share [2].

During the earnings call, Tanner also announced a leadership transition, with President Charles D. Young stepping down to lead another public REIT. Tanner will reassume the role of President, while COO Tim Lobner continues in his position. This transition is aimed at maintaining the company's strategic momentum and ensuring a smooth leadership succession [1].

Invitation Homes' financial results were underpinned by a 2.4% same-store core revenue growth and a 2.2% increase in core operating expenses, resulting in a 2.5% same-store NOI growth. The company's core FFO per share increased by 1.7% to $0.48, and AFFO per share rose by 3.4% to $0.41. The company's developer lending program, launched in Q2 2025, is expected to expand Invitation Homes' strategic options by allowing it to participate earlier in the value chain [2].

Tanner emphasized the company's disciplined acquisition strategy, stating that it is targeting attractive yields with upside through operational efficiencies and improved scale. The company's robust liquidity, with approximately $1.3 billion in unrestricted cash and undrawn capacity on its revolving credit facility, provides substantial dry powder for pursuing compelling growth initiatives [1].

While the company's occupancy guidance remains for a seasonal dip in Q3, management continues to note absorption of supply in key markets. The developer lending program and capital recycling strategies are being leveraged to manage supply absorption challenges in certain markets, such as Central Florida, Texas, and Tampa [1].

In conclusion, Invitation Homes delivered solid Q2 results and reaffirmed its full-year 2025 guidance. The company's leadership transition and expanded acquisition toolkit position it to pursue further growth and value creation in the evolving housing landscape. Investors and financial professionals should closely monitor the company's progress and any updates on property tax expenses and new lease pricing [1, 2].

References:
[1] https://seekingalpha.com/news/4475870-invitation-homes-outlines-500m-700m-2025-acquisitions-target-amid-robust-demand-and
[2] https://www.businesswire.com/news/home/20250730765415/en/Invitation-Homes-Reports-Second-Quarter-2025-Results