Invitation Homes beats quarterly revenue estimates on high renewal rates; lifts annual FFO forecast

July 29 (Reuters) - Real estate investment trust Invitation Homes reported second-quarter revenue above Wall Street expectations on Wednesday, helped by high occupancy and renewal rates.

The largest U.S. landlord of single-family homes has long benefited from a chronic housing shortage across the country, helping keep occupancy levels high and supporting steady rent increases over time.

Here are some details:

• The Dallas, Texas-based REIT reported second-quarter revenue of $747.6 million, compared with analysts' estimate of $698.4 million, according to data compiled by LSEG.
• Shares of the company were up 0.6% after the bell.

• The company lifted the lower end of its core 2026 funds from operations (FFO) forecast to $1.92 per share, from $1.90 earlier, and kept the upper end of $1.98 unchanged.
• CEO Dallas Tanner said, "New lease rent growth accelerated every month through June this year, and demand for high-quality rental homes remains healthy across our markets."
• It reported same-store new lease rent growth of 1.1%, reflecting rental increases for new tenants. Renewal rates rose at a faster pace of .