-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下：INVH公佈了2026年第一季業績，表現不佳。核心FFO每股收益持平於0.48美元，而AFFO則下降2.6%至0.41美元。同店淨營業收入較去年同期下降0.3%，這是近期以來的首次季度下滑，原因是支出飆升5.7%，而收入僅增長1.6%。這些業績凸顯了單戶住宅租賃業持續面臨的營運逆風。入住率下降90個基點至96.3%，新租約利差仍為負值，為-3.0%。管理層維持了2026年的業績指引，預計核心FFO為1.90-1.98美元，AFFO為1.60-1.68美元，但其基本假設表明利潤率將持續承壓。 該公司已完成5億美元的股票回購計劃，並批准了一項新的5億美元回購計劃，這反映了管理層的信心。我們認為，在定價能力有限且成本不斷上升的嚴峻經營環境下，利潤率將持續承壓。 INVH目前擁有13億美元的強勁流動資金，淨負債/TTM調整後EBITDA比率為5.6倍，符合其目標範圍。
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