Invitation Home: 3Q Earnings Snapshot

DALLAS (AP) _ Invitation Home Inc. (INVH) on Wednesday reported a key measure of profitability in its third quarter. The results fell short of Wall Street expectations.

The real estate investment trust, based in Dallas, said it had funds from operations of $169.1 million, or 30 cents per share, in the period.

The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 31 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $32.5 million, or 6 cents per share.

The real estate investment trust focused on single-family rentals posted revenue of $459.2 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $460.1 million.

The company's shares have fallen nearly 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.32, a fall of 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INVH at https://www.zacks.com/ap/INVH