Invitation Homes Inc. (NYSE:INVH) reported its Q1 earnings results, with EPS coming in at $0.20, better than the Street estimate of $0.16. Revenue was $590 million, beating the Street estimate of $579.26 million.

The company showed progress on rent growth, bad debt and expenses. Most notably, April's new lease growth of 7.5% is well above expectations.

The company left all its 2023 guidance items unchanged but did note that Q1/23 expenses came in better than expected, while bad debt and market rent growth are also ahead of plan.