Invitation Homes prices $500 million of senior notes due 2032
The notes carry a 4.950% interest rate and are priced at 99.291%. Proceeds will be used for general corporate purposes, including debt repayment.
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Single-family home leasing company
invitationhomes.comLast updated
In short: Invitation Homes acquired ResiBuilt, faced a $47 million FTC settlement, and expanded its build-to-rent portfolio despite new buying bans.
The notes carry a 4.950% interest rate and are priced at 99.291%. Proceeds will be used for general corporate purposes, including debt repayment.
Revenues rose 8.8% to $734 million. Net income fell 3.5% to $160 million. Company repurchased shares and maintains full-year outlook.
Revenues rose 4.0% to $685M in Q4 and 4.2% to $2.729B in FY. Net income up 1.0% to $144M in Q4 and 29.5% to $587M in FY. Acquired ResiBuilt.
The announcement details per-share cash distributions, taxable dividends, capital gains, and other tax components for four quarterly payments totaling $1.17. Stockholders should consult tax advisors.
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