Invitation Homes Management

Management criteria checks 3/4

Invitation Homes' CEO is Dallas Tanner, appointed in Jan 2019, has a tenure of 5.83 years. total yearly compensation is $10.39M, comprised of 9.5% salary and 90.5% bonuses, including company stock and options. directly owns 0.096% of the company’s shares, worth €19.42M. The average tenure of the management team and the board of directors is 4.9 years and 6 years respectively.

Key information

Dallas Tanner

Chief executive officer

US$10.4m

Total compensation

CEO salary percentage	9.5%
CEO tenure	5.8yrs
CEO ownership	0.1%
Management average tenure	4.9yrs
Board average tenure	6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dallas Tanner's remuneration changed compared to Invitation Homes's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$440m
Jun 30 2024	n/a	n/a	US$476m
Mar 31 2024	n/a	n/a	US$541m
Dec 31 2023	US$10m	US$990k	US$519m
Sep 30 2023	n/a	n/a	US$490m
Jun 30 2023	n/a	n/a	US$437m
Mar 31 2023	n/a	n/a	US$410m
Dec 31 2022	US$14m	US$950k	US$383m
Sep 30 2022	n/a	n/a	US$357m
Jun 30 2022	n/a	n/a	US$347m
Mar 31 2022	n/a	n/a	US$296m
Dec 31 2021	US$10m	US$900k	US$261m
Sep 30 2021	n/a	n/a	US$257m
Jun 30 2021	n/a	n/a	US$221m
Mar 31 2021	n/a	n/a	US$203m
Dec 31 2020	US$6m	US$800k	US$196m
Sep 30 2020	n/a	n/a	US$177m
Jun 30 2020	n/a	n/a	US$178m
Mar 31 2020	n/a	n/a	US$174m
Dec 31 2019	US$6m	US$700k	US$145m
Sep 30 2019	n/a	n/a	US$118m
Jun 30 2019	n/a	n/a	US$85m
Mar 31 2019	n/a	n/a	US$32m
Dec 31 2018	US$3m	US$525k	-US$6m
Sep 30 2018	n/a	n/a	-US$77m
Jun 30 2018	n/a	n/a	-US$101m
Mar 31 2018	n/a	n/a	-US$81m
Dec 31 2017	US$9m	US$450k	-US$89m

Compensation vs Market: Dallas's total compensation ($USD10.39M) is above average for companies of similar size in the German market ($USD4.86M).

Compensation vs Earnings: Dallas's compensation has been consistent with company performance over the past year.

CEO

Dallas Tanner (43 yo)

5.8yrs

Tenure

US$10,393,322

Compensation

Mr. Dallas B. Tanner has been Chief Executive Officer and Director of Invitation Homes Inc since January 16, 2019 and was President until February 2023. He served as Interim President and Interim Chief Exe...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Dallas Tanner	Co-Founder	5.8yrs	US$10.39m	0.096% € 19.4m
Charles Young	President & COO	7yrs	US$4.46m	0.035% € 7.1m
Jonathan Olsen	Executive VP	1.4yrs	US$2.06m	0.0031% € 618.7k
Scott Eisen	Executive VP & Chief Investment Officer	1.3yrs	US$3.35m	0.0019% € 376.9k
Mark Solls	Executive VP of Legal	9.3yrs	US$1.98m	0.030% € 6.1m
Kimberly Norrell	Executive VP & Chief Accounting Officer	9.8yrs	no data	0.024% € 4.9m
Virginia Suliman	Executive VP and Chief Information & Digital Officer	4.9yrs	no data	no data
Scott McLaughlin	Senior Vice President of Investor Relations & Tax	1.7yrs	no data	no data
Kristi DesJarlais	Senior Vice President of Communications & Media Relations	6.2yrs	no data	no data
Philip Yi	Senior VP and Head of Marketing & Resident Experience	2.8yrs	no data	no data
Allison Mullis	Executive VP & Chief Human Resources Officer	1.3yrs	no data	no data
Greg Winkle	Senior Vice President of Corporate Strategy & Capital Markets	no data	no data	no data

4.9yrs

Average Tenure

56yo

Average Age

Experienced Management: 4IV's management team is considered experienced (4.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Dallas Tanner	Co-Founder	5.8yrs	US$10.39m	0.096% € 19.4m
Jeffrey Kelter	Independent Director	7yrs	US$304.04k	0.012% € 2.5m
Michael Fascitelli	Independent Chairman of the Board	7yrs	US$423.13k	0.011% € 2.3m
Richard Bronson	Independent Director	7yrs	US$304.04k	0.0098% € 2.0m
Keith Taylor	Independent Director	1.5yrs	US$266.40k	0.00092% € 185.4k
Joseph Margolis	Independent Director	4.5yrs	US$288.72k	0.0034% € 691.3k
Frances Sevilla-Sacasa	Independent Director	1.5yrs	US$266.40k	0.00092% € 185.4k
Janice Sears	Independent Director	7.8yrs	US$296.24k	0.0078% € 1.6m
John Rhea	Independent Director	9.1yrs	US$296.24k	0.0084% € 1.7m
Jana Barbe	Independent Director	6yrs	US$288.72k	0.0037% € 747.7k
Hugh Howard	Director	less than a year	no data	no data

6.0yrs

Average Tenure

63yo

Average Age

Experienced Board: 4IV's board of directors are considered experienced (6 years average tenure).

Invitation Homes Management

Management criteria checks 3/4

Key information

Recent management updates

Invitation Homes Appoints H. Wyman Howard to Its Board of Directors, Effective October 1, 2024

President & COO recently sold €2.1m worth of stock

Invitation Homes Inc., Annual General Meeting, May 15, 2024

Invitation Homes Inc. Announces Executive Changes

Scott G. Eisen to Join Invitation Homes Inc. as Executive Vice President and Chief Investment Officer in August 2023

Invitation Homes Inc. Approves Board Elections

Recent updates

Third quarter 2024 earnings released: FFO per share: US$0.4 (vs US$0.40 in 3Q 2023)

Invitation Homes Inc. to Report Q3, 2024 Results on Oct 30, 2024

Invitation Homes Appoints H. Wyman Howard to Its Board of Directors, Effective October 1, 2024

Invitation Homes Inc. Declares Quarterly Cash Dividend, Payable on or Before October 18, 2024

Second quarter 2024 earnings released: EPS: US$0.12 (vs US$0.23 in 2Q 2023)

New major risk - Revenue and earnings growth

Invitation Homes Inc. Announces Settlement of California Qui Tam Dispute

Invitation Homes Inc. to Report Q2, 2024 Results on Jul 24, 2024

Upcoming dividend of US$0.28 per share

Invitation Homes Inc. Announces Quarterly Cash Dividend, Payable on or Before July 19, 2024

Invitation Homes Inc. Announces Update to Its New Product Pipeline

President & COO recently sold €2.1m worth of stock

Invitation Homes Inc. Provides Earnings Guidance for the Full Year of 2024

First quarter 2024 earnings released: EPS: US$0.23 (vs US$0.20 in 1Q 2023)

Invitation Homes Inc. to Report Q1, 2024 Results on Apr 30, 2024

Invitation Homes Inc., Annual General Meeting, May 15, 2024

Invitation Homes Inc. Declares Quarterly Cash Dividend, Payable on or Before April 19, 2024

Full year 2023 earnings released: FFO per share: US$1.7 (vs US$1.52 in FY 2022)

New major risk - Revenue and earnings growth

Invitation Homes Inc. Provides Earnings Guidance for the Full Year of 2024

Full year 2023 earnings released: EPS: US$0.85 (vs US$0.63 in FY 2022)

Invitation Homes Inc. to Report Q4, 2023 Results on Feb 13, 2024

Upcoming dividend of US$0.28 per share at 3.0% yield

Invitation Homes Inc. Declares Quarterly Cash Dividend, Payable on or Before January 19, 2024

Invitation Homes Inc. Announces Executive Changes

Upcoming dividend of US$0.26 per share at 3.6% yield

Invitation Homes Inc. Revises Earnings Guidance for Full Year 2023

Third quarter 2023 earnings released: EPS: US$0.21 (vs US$0.13 in 3Q 2022)

Invitation Homes Inc. Declares Quarterly Cash Dividend, Payable on or Before November 22, 2023

Now 21% undervalued after recent price drop

Invitation Homes Inc. to Report Q3, 2023 Results on Oct 25, 2023

Now 20% undervalued

Upcoming dividend of US$0.26 per share at 2.9% yield

Second quarter 2023 earnings released: EPS: US$0.23 (vs US$0.18 in 2Q 2022)

Invitation Homes Inc. Declares Quarterly Cash Dividend on Shares of Its Common Stock, Payable on or Before August 25, 2023

Invitation Homes Inc. to Report Q2, 2023 Results on Jul 26, 2023

Scott G. Eisen to Join Invitation Homes Inc. as Executive Vice President and Chief Investment Officer in August 2023

Invitation Homes Inc. Approves Board Elections

First quarter 2023 earnings released: FFO per share: US$0.4 (vs US$0.39 in 1Q 2022)

Full year 2022 earnings released: FFO per share: US$1.5 (vs US$1.37 in FY 2021)

Invitation Homes Inc. Provides Earnings Guidance for the Fiscal Year 2023

Invitation Homes Inc. Declares Quarterly Cash Dividend, Payable on or Before February 28, 2023

Invitation Homes Inc. Announces Executive Changes

Invitation Homes Inc. to Report Q4, 2022 Results on Feb 15, 2023

Now 20% undervalued after recent price drop

Now 22% undervalued after recent price drop

Upcoming dividend of US$0.22 per share

Invitation Homes Inc. Provides Earnings Guidance for the Year 2022

Third quarter 2022 earnings released: EPS: US$0.13 (vs US$0.12 in 3Q 2021)

Invitation Homes Inc. Announces Cash Dividend, Payable on or Before November 23, 2022

Invitation Homes Inc. to Report Q3, 2022 Results on Oct 26, 2022

Upcoming dividend of US$0.22 per share

Second quarter 2022 earnings released: EPS: US$0.18 (vs US$0.11 in 2Q 2021)

Invitation Homes Inc. Declares A Quarterly Cash Dividend Payable on or Before August 26, 2022

Invitation Homes Inc. to Report Q2, 2022 Results on Jul 27, 2022

Invitation Homes Inc. Names John D. Huh as Senior Vice President, Legal

Upcoming dividend of US$0.22 per share

First quarter 2022 earnings released: FFO: US$530.0m per share (vs US$0.33 in 1Q 2021)

Now 22% undervalued

Invitation Homes Inc. Announces Revenue Guidance for the Fiscal Year 2022

Invitation Homes Announces Quarterly Cash Dividend, Payable on or Before May 27, 2022

Invitation Homes Inc. to Report Q1, 2022 Results on Apr 27, 2022

Invitation Homes Inc., Annual General Meeting, May 17, 2022

Invitation Homes Inc. Promotes Greg Van Winkle to Senior Vice President, Corporate Strategy & Capital Markets

Invitation Homes Inc. Appoints Philip Yi as Senior Vice President, Marketing

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Invitation Homes Inc. Declares Quarterly Cash Dividend, Payable on or before February 28, 2022

Co-Founder recently sold €871k worth of stock

Upcoming dividend of US$0.17 per share