July 24 (Reuters) - Invitation Homes forecast annual per-share funds from operations (FFO) below Wall Street estimates on Wednesday in anticipation of higher property taxes and other fixed expenses, sending its shares down 4.5% in extended trading.

The real estate investment trust (REIT) expects full-year adjusted funds from operations (AFFO) per share of $1.55 to $1.61, below analysts' estimates of $1.88, according to LSEG data.

Sticky inflation has led to higher fixed costs, offsetting the benefit from strong demand for single-family rentals that has allowed the company to increase rental rates.

The company's profits are also under pressure from steeper same-store property tax rates in its key markets, Florida and Georgia.

Fixed expenses rose 8.3% due to property taxes.

The real estate investment trust (REIT), which has about 85,000 homes for lease in 16 markets across the U.S., reported revenue of $653 million for the quarter ended June 30, 8.8% higher than last year.

Second-quarter AFFO per share came in at 40 cents per share, below estimates of 47 cents. (Reporting by Ananta Agarwal and Aishwarya Jain in Bengaluru; Editing by Devika Syamnath)