Invitation Homes Inc. (NYSE:INVH) Q4 2017 Earnings Conference Call - Preliminary Transcript
Feb 22, 2018 • 11:00 am ET
Good morning and welcome to the Invitation Homes Fourth Quarter 2017 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.
I would now like to turn the conference over to Greg Van Winkle, Senior Director of Investor Relations. Please go ahead.
Greg Van Winkle
Thank you. Good morning and thank you for joining us for our fourth quarter and full year 2017 earnings conference call. On today's call from Invitation Homes are Fred Tuomi, Chief Executive Officer; Ernie Freedman, Chief Financial Officer; Charles Young, Chief Operating Officer; and Dallas Tanner, Chief Investment Officer.
I'd like to point everyone to our fourth quarter and full-year 2017 earnings press release and supplemental information, which we may reference on today's call. This document can be found on the Investor Relations section of our website at www.invh.com. As previously announced, Invitation Homes completed its merger with Starwood Waypoint Homes on November 16, 2017. Information presented for the fourth quarter and full-year 2017 includes the impact of the merger.
Additionally, in order to provide consistent comparisons with results reported in the first three quarters of 2017, we present same-store results independently for each of the Invitation Homes same-store portfolio and the legacy Starwood Waypoint same-store portfolio. In each case, metrics have been defined consistently with historical methodologies for each of the two companies. Beginning in 2018, in order to provide the most relevant information about our operations as a combined company, we have consolidated the two same store portfolios into one.
Finally, I'd like to inform you that certain statements made during the call may include forward-looking statements relating to the future performance of our business, financial results, liquidity and capital resources and other non-historical statements, which are subject to risks and uncertainties that could cause actual outcomes or results to differ materially from those indicated in any such statements. We describe some of these risk and uncertainties in our 2016 Annual Report on Form 10-K, our merger proxy filed on October 16, 2017 and other filings we make with the SEC from time-to-time. Invitation Homes does not update forward-looking statements and expressly disclaims any obligation to do so.
During this call, we may also discuss certain non-GAAP financial measures. You can find additional information regarding these non-GAAP measures, including reconciliations of these measures with the most comparable GAAP measures in our earnings release and supplemental information, which are available on the Investor Relations section of our website.
I'll now turn the call over to our President and Chief Executive Officer, Fred Tuomi.
Thank you, Greg, and good morning, everyone. We're excited to report today for the first time as one combined company the new Invitation Homes. I'm pleased to report we closed out 2017, a transformational year, with even stronger results than expected, and our merger integration is off to a great start. What a year it has been for Invitation Homes and Starwood Waypoint.