2024-04-05 08:30:00 ET
Summary
- Invitation Homes is a REIT focused on acquiring single-family homes in the United States, with a large footprint in growing cities like Phoenix, Atlanta, Denver, and Las Vegas.
- The company benefits from the trend of rising costs and consumers preferring to rent instead of owning homes.
- Despite the strong acquisitions in 2023, the REIT maintained a healthy leverage level while increasing its liquidity.
- The REIT has grown its dividend roughly 367% since its IPO in 2017.
- Additionally, they expect to make between $600 million and $1 billion worth of acquisitions in 2024.
Introduction
If you're a REIT investor like me, then you probably enjoy the predictability & stability many of them offer. I'm a conservative guy by nature so I tend to prefer investing into the REIT sector over others. They tend to have reliable streams of growing dividend income that is perfect for dividend-focused investors. Being heavily-weighted in triple net lease REITs currently, I'm constantly on the hunt for potential investments within the sector, but outside of the retail space like Invitation Homes ( INVH )....
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Invitation Homes: A REIT With A Bright Outlook And Strong Dividend Growth