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  "documentTitle": "Invitation Homes | Investor Presentation Deck | 22 slides",
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  "authorName": "Invitation Homes",
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      "text": "The Company does not provide guidance for the most comparable GAAP financial measures of net income (loss), total revenues, and property operating and maintenance expense, or a reconciliation of the forward-looking non-GAAP financial measures of Core FFO per share, AFFO per share, Same Store Core revenue growth, Same Store Core operating expense growth, and Same Store NOI growth to the comparable GAAP financial measures because it is unable to reasonably predict certain items contained in the GAAP measures, including non-recurring and infrequent items that are not indicative of the Company's ongoing operations. Such items include, but are not limited to, impairment on depreciated real estate assets, net (gain)/loss on sale of previously depreciated real estate assets, share-based compensation, casualty loss, non-Same Store revenues, and non-Same Store operating expenses. These items are uncertain, depend on various factors, and could have a material impact on our GAAP results for the guidance period.",
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      "text": "Wholly owned acquisitions expected to be largely funded from a combination of operating cash flows and capital recycling; guidance anticipates wholly owned dispositions of $400 million to $600 million",
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      "text": "Guidance assumes continued acquisition activity in 2024, mostly from our homebuilder partners and potential portfolio acquisitions, including:\nWholly owned acquisitions of $600 million to $1 billion\nJV acquisitions of $100 million to $300 million",
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      "text": "FY 2024 Guidance\nCore FFO per share – diluted $1.82 - $1.90 $1.86 $1.77\nAFFO per share – diluted $1.54 - $1.62 $1.58 $1.50\nSS Core Revenues growth 4.5% - 5.5% 5.0% 6.5%\nSS Core OpEx growth 5.5% - 7.0% 6.25% 10.3%\nSS NOI growth 3.5% - 5.5% 4.5% 4.8%",
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      "text": "Our FY 2024 guidance represents Core FFO growth of over 5% year-over-year at the midpoint",
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