Dallas, Texas-based Invitation Homes Inc. (INVH) is a leading U.S. real estate investment trust (REIT) focused on the ownership, leasing, and management of high-quality single-family homes. Valued at a market cap of $17.2 billion, the company offers professionally managed homes in desirable neighborhoods with features like smart-home technologies, pet-friendly layouts, and proximity to schools and workplaces. It is expected to announce its fiscal Q3 earnings for 2025 after the market closes on Wednesday, Oct. 29.

Before this event, analysts expect this residential REIT to report an FFO of $0.46 per share, down 2.1% from $0.47 per share in the year-ago quarter. The company has a promising trajectory of consistently beating Wall Street’s FFO estimates in each of the last four quarters. Its core FFO of $0.48 per share in the previous quarter exceeded the consensus estimates by 2.1%. 

For the current fiscal year, ending in December, analysts expect INVH to report an FFO of $1.87 per share, down marginally from $1.88 per share in fiscal 2024. Nonetheless, its FFO is expected to rebound in fiscal 2026 and grow by 4.8% year-over-year to $1.96. 

Shares of INVH have declined 15.8% over the past 52 weeks, underperforming both the S&P 500 Index's ($SPX) 16.3% return and the Real Estate Select Sector SPDR Fund’s (XLRE) 4.1% downtick over the same time frame.

On Jul. 30, Invitation Homes reported better-than-expected Q2 results, yet its shares plunged 2.3% in the following trading session. A 40-basis-point decline in same-store average occupancy likely made investors jittery. However, on the brighter side, the company’s total revenue improved 4.3% year-over-year to $681.4 million, marginally surpassing consensus estimates. Moreover, its core FFO of $0.48 advanced 2.1% from the year-ago quarter, topping analyst estimates of $0.47.

Wall Street analysts are moderately optimistic about INVH’s stock, with a "Moderate Buy" rating overall. Among 24 analysts covering the stock, 10 recommend "Strong Buy," one indicates a "Moderate Buy," and 13 suggest "Hold.” The mean price target for INVH is $36.07, implying a 28.8% potential upside from the current levels.