How much of the current repurchase authorization remains?

As of June 30, 2026, approximately $400 million remained available under the $500 million program authorized on April 27, 2026. The company had fully utilized a prior $500 million authorization by March 31, 2026.

What was the average price paid per share in Q2 2026?

INVH acquired 3,478,690 shares at an average price of $28.75 per share in Q2 2026. Since December 2025 across both authorizations, the company repurchased 22.8 million shares at a $26.30 average price.

How did the company fund Q2 repurchases?

The company used net proceeds of approximately $234 million from the sale of 657 wholly owned homes during Q2 2026 to fund second quarter share repurchases and debt reduction. Home sales proceeds also helped support first quarter repurchase activity.

What is the per-share accretion impact of the repurchase program?

Year-to-date repurchases of 22.8 million shares represent approximately 3.8% reduction in the weighted-average diluted share count (~599M shares YTD), contributing to the 5.0% year-over-year growth in Core FFO per share and 5.9% growth in AFFO per share for Q2 2026.

Does the filing specify the repurchase mechanism?

The filing does not explicitly state whether shares were repurchased under Rule 10b-18 open-market purchases, an accelerated share repurchase agreement, or another mechanism. Only the dollar amount, share count, and average price are disclosed.

INVH 8-K Filed 2026-07-29 Execution disclosure

Invitation Homes repurchased 3.5M shares for $100M in Q2 2026

Company executes second tranche of $500M authorization; $600M repurchased YTD at $26.30 average

Avg price paid$28.75

Remaining$400M

MechanismNot specified

What the filing says

Invitation Homes Inc. (NYSE: INVH) repurchased 3,478,690 shares of common stock for approximately $100 million during the second quarter of 2026 under its second $500 million share repurchase program, which was authorized by the board of directors on April 27, 2026. The shares were acquired at an average price of $28.75 per share.

Combined with a prior $500 million authorization, the company has repurchased a total of 22,812,421 shares for approximately $600 million since December 2025 at an average price per share of $26.30. As of June 30, 2026, approximately $400 million remained available under the current $500 million authorization. The filing does not specify the execution mechanism, though Rule 10b-18 open-market purchases are typical for such programs.

Net proceeds of approximately $234 million from the sale of 657 wholly owned homes in Q2 2026 were used to fund second quarter share repurchases and debt reduction, which also supported the first quarter repurchase program. The company's net debt to trailing twelve-month adjusted EBITDAre stood at 5.4x as of quarter-end, below the targeted range of 5.5x to 6.0x.

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During Q2 2026, we acquired 3,478,690 shares of our common stock for approximately $100 million under our second $500 million share repurchase program that was authorized by our board of directors on April 27, 2026. — Invitation Homes Inc. 8-K filing · View on SEC EDGAR →

What this means

The Q2 2026 repurchase represents continued execution under INVH's April 2026 authorization, following completion of a prior $500 million program. Year-to-date repurchases of $600 million reduce outstanding share count by approximately 3.8% (22.8M shares on a base of ~599M weighted-average diluted shares), providing accretion to per-share metrics including Core FFO and AFFO. The company funded repurchases partly through home sales proceeds, suggesting capital discipline during a period of favorable asset valuations relative to public market pricing. With $400 million remaining under the current authorization and leverage below target, the company retains flexibility for further repurchases.

Frequently asked questions

How much of the current repurchase authorization remains?: As of June 30, 2026, approximately $400 million remained available under the $500 million program authorized on April 27, 2026. The company had fully utilized a prior $500 million authorization by March 31, 2026.
What was the average price paid per share in Q2 2026?: INVH acquired 3,478,690 shares at an average price of $28.75 per share in Q2 2026. Since December 2025 across both authorizations, the company repurchased 22.8 million shares at a $26.30 average price.
How did the company fund Q2 repurchases?: The company used net proceeds of approximately $234 million from the sale of 657 wholly owned homes during Q2 2026 to fund second quarter share repurchases and debt reduction. Home sales proceeds also helped support first quarter repurchase activity.
What is the per-share accretion impact of the repurchase program?: Year-to-date repurchases of 22.8 million shares represent approximately 3.8% reduction in the weighted-average diluted share count (~599M shares YTD), contributing to the 5.0% year-over-year growth in Core FFO per share and 5.9% growth in AFFO per share for Q2 2026.
Does the filing specify the repurchase mechanism?: The filing does not explicitly state whether shares were repurchased under Rule 10b-18 open-market purchases, an accelerated share repurchase agreement, or another mechanism. Only the dollar amount, share count, and average price are disclosed.

execution INVH real-estate residential share-count-accretion debt-refinancing

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.