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INVH vs MAA
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Residential
INVH vs MAA — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Residential | REIT - Residential |
| Market Cap | $17.23B | $15.16B |
| Revenue (TTM) | $2.79B | $2.21B |
| Net Income (TTM) | $583M | $403M |
| Gross Margin | 45.0% | 23.9% |
| Operating Margin | 31.2% | 27.4% |
| Forward P/E | 39.7x | 39.0x |
| Total Debt | $8.38B | $5.41B |
| Cash & Equiv. | $130M | $60M |
INVH vs MAA — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Invitation Homes In… (INVH) | 100 | 109.3 | +9.3% |
| Mid-America Apartme… (MAA) | 100 | 112.0 | +12.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: INVH vs MAA
Each card shows where this stock fits in a portfolio — not just who wins on paper.
INVH carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 4.2%, EPS growth 29.7%, 3Y rev CAGR 6.8%
- 80.0% 10Y total return vs MAA's 72.7%
- Lower volatility, beta 0.27, Low D/E 87.6%, current ratio 1.52x
MAA is the clearest fit if your priority is income & stability.
- Dividend streak 14 yrs, beta 0.34, yield 4.6%
- 4.6% yield, 14-year raise streak, vs INVH's 4.0%
- 3.4% ROA vs INVH's 3.1%, ROIC 4.2% vs 3.1%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 4.2% FFO/revenue growth vs MAA's 0.8% | |
| Value | PEG 1.77 vs 3.38 | |
| Quality / Margins | 20.9% margin vs MAA's 18.2% | |
| Stability / Safety | Beta 0.27 vs MAA's 0.34, lower leverage | |
| Dividends | 4.6% yield, 14-year raise streak, vs INVH's 4.0% | |
| Momentum (1Y) | -14.3% vs MAA's -17.2% | |
| Efficiency (ROA) | 3.4% ROA vs INVH's 3.1%, ROIC 4.2% vs 3.1% |
INVH vs MAA — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
INVH vs MAA — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
INVH leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
INVH and MAA operate at a comparable scale, with $2.8B and $2.2B in trailing revenue. Profitability is closely matched — net margins range from 20.9% (INVH) to 18.2% (MAA). On growth, INVH holds the edge at +8.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.8B | $2.2B |
| EBITDAEarnings before interest/tax | $1.6B | $1.2B |
| Net IncomeAfter-tax profit | $583M | $403M |
| Free Cash FlowCash after capex | $1.1B | $596M |
| Gross MarginGross profit ÷ Revenue | +45.0% | +23.9% |
| Operating MarginEBIT ÷ Revenue | +31.2% | +27.4% |
| Net MarginNet income ÷ Revenue | +20.9% | +18.2% |
| FCF MarginFCF ÷ Revenue | +40.7% | +26.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | +8.8% | +0.8% |
| EPS Growth (YoY)Latest quarter vs prior year | -3.7% | -31.2% |
Valuation Metrics
INVH leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 29.9x trailing earnings, INVH trades at a 13% valuation discount to MAA's 34.5x P/E. Adjusting for growth (PEG ratio), INVH offers better value at 1.34x vs MAA's 2.99x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $17.2B | $15.2B |
| Enterprise ValueMkt cap + debt − cash | $25.5B | $20.5B |
| Trailing P/EPrice ÷ TTM EPS | 29.94x | 34.47x |
| Forward P/EPrice ÷ next-FY EPS est. | 39.69x | 39.01x |
| PEG RatioP/E ÷ EPS growth rate | 1.34x | 2.99x |
| EV / EBITDAEnterprise value multiple | 17.12x | 16.51x |
| Price / SalesMarket cap ÷ Revenue | 6.31x | 6.86x |
| Price / BookPrice ÷ Book value/share | 1.84x | 2.61x |
| Price / FCFMarket cap ÷ FCF | 17.88x | 21.12x |
Profitability & Efficiency
MAA leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
MAA delivers a 6.8% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $6 for INVH. INVH carries lower financial leverage with a 0.88x debt-to-equity ratio, signaling a more conservative balance sheet compared to MAA's 0.93x. On the Piotroski fundamental quality scale (0–9), INVH scores 7/9 vs MAA's 4/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +6.1% | +6.8% |
| ROA (TTM)Return on assets | +3.1% | +3.4% |
| ROICReturn on invested capital | +3.1% | +4.2% |
| ROCEReturn on capital employed | +4.1% | +5.6% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 4 |
| Debt / EquityFinancial leverage | 0.88x | 0.93x |
| Net DebtTotal debt minus cash | $8.3B | $5.3B |
| Cash & Equiv.Liquid assets | $130M | $60M |
| Total DebtShort + long-term debt | $8.4B | $5.4B |
| Interest CoverageEBIT ÷ Interest expense | 2.05x | 3.76x |
Total Returns (Dividends Reinvested)
Evenly matched — INVH and MAA each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MAA five years ago would be worth $10,102 today (with dividends reinvested), compared to $9,751 for INVH. Over the past 12 months, INVH leads with a -14.3% total return vs MAA's -17.2%. The 3-year compound annual growth rate (CAGR) favors MAA at -0.9% vs INVH's -2.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +4.8% | -4.1% |
| 1-Year ReturnPast 12 months | -14.3% | -17.2% |
| 3-Year ReturnCumulative with dividends | -5.8% | -2.5% |
| 5-Year ReturnCumulative with dividends | -2.5% | +1.0% |
| 10-Year ReturnCumulative with dividends | +80.0% | +72.7% |
| CAGR (3Y)Annualised 3-year return | -2.0% | -0.9% |
Risk & Volatility
INVH leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
INVH is the less volatile stock with a 0.27 beta — it tends to amplify market swings less than MAA's 0.34 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. INVH currently trades 81.5% from its 52-week high vs MAA's 78.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.27x | 0.34x |
| 52-Week HighHighest price in past year | $35.25 | $166.04 |
| 52-Week LowLowest price in past year | $24.25 | $120.30 |
| % of 52W HighCurrent price vs 52-week peak | +81.5% | +78.5% |
| RSI (14)Momentum oscillator 0–100 | 70.8 | 58.7 |
| Avg Volume (50D)Average daily shares traded | 5.9M | 867K |
Analyst Outlook
MAA leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates INVH as "Hold" and MAA as "Buy". Consensus price targets imply 12.1% upside for INVH (target: $32) vs 10.3% for MAA (target: $144). For income investors, MAA offers the higher dividend yield at 4.65% vs INVH's 4.04%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $32.22 | $143.71 |
| # AnalystsCovering analysts | 33 | 37 |
| Dividend YieldAnnual dividend ÷ price | +4.0% | +4.6% |
| Dividend StreakConsecutive years of raises | 9 | 14 |
| Dividend / ShareAnnual DPS | $1.16 | $6.05 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | +0.2% |
INVH leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). MAA leads in 2 (Profitability & Efficiency, Analyst Outlook). 1 tied.
INVH vs MAA: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is INVH or MAA a better buy right now?
For growth investors, Invitation Homes Inc.
(INVH) is the stronger pick with 4. 2% revenue growth year-over-year, versus 0. 8% for Mid-America Apartment Communities, Inc. (MAA). Invitation Homes Inc. (INVH) offers the better valuation at 29. 9x trailing P/E (39. 7x forward), making it the more compelling value choice. Analysts rate Mid-America Apartment Communities, Inc. (MAA) a "Buy" — based on 37 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — INVH or MAA?
On trailing P/E, Invitation Homes Inc.
(INVH) is the cheapest at 29. 9x versus Mid-America Apartment Communities, Inc. at 34. 5x. On forward P/E, Mid-America Apartment Communities, Inc. is actually cheaper at 39. 0x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Invitation Homes Inc. wins at 1. 77x versus Mid-America Apartment Communities, Inc. 's 3. 38x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — INVH or MAA?
Over the past 5 years, Mid-America Apartment Communities, Inc.
(MAA) delivered a total return of +1. 0%, compared to -2. 5% for Invitation Homes Inc. (INVH). Over 10 years, the gap is even starker: INVH returned +80. 0% versus MAA's +72. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — INVH or MAA?
By beta (market sensitivity over 5 years), Invitation Homes Inc.
(INVH) is the lower-risk stock at 0. 27β versus Mid-America Apartment Communities, Inc. 's 0. 34β — meaning MAA is approximately 23% more volatile than INVH relative to the S&P 500. On balance sheet safety, Invitation Homes Inc. (INVH) carries a lower debt/equity ratio of 88% versus 93% for Mid-America Apartment Communities, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — INVH or MAA?
By revenue growth (latest reported year), Invitation Homes Inc.
(INVH) is pulling ahead at 4. 2% versus 0. 8% for Mid-America Apartment Communities, Inc. (MAA). On earnings-per-share growth, the picture is similar: Invitation Homes Inc. grew EPS 29. 7% year-over-year, compared to -15. 8% for Mid-America Apartment Communities, Inc.. Over a 3-year CAGR, INVH leads at 6. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — INVH or MAA?
Invitation Homes Inc.
(INVH) is the more profitable company, earning 21. 5% net margin versus 20. 2% for Mid-America Apartment Communities, Inc. — meaning it keeps 21. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MAA leads at 28. 0% versus 27. 1% for INVH. At the gross margin level — before operating expenses — MAA leads at 31. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is INVH or MAA more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Invitation Homes Inc. (INVH) is the more undervalued stock at a PEG of 1. 77x versus Mid-America Apartment Communities, Inc. 's 3. 38x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Mid-America Apartment Communities, Inc. (MAA) trades at 39. 0x forward P/E versus 39. 7x for Invitation Homes Inc. — 0. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for INVH: 12. 1% to $32. 22.
08Which pays a better dividend — INVH or MAA?
All stocks in this comparison pay dividends.
Mid-America Apartment Communities, Inc. (MAA) offers the highest yield at 4. 6%, versus 4. 0% for Invitation Homes Inc. (INVH).
09Is INVH or MAA better for a retirement portfolio?
For long-horizon retirement investors, Invitation Homes Inc.
(INVH) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 27), 4. 0% yield). Both have compounded well over 10 years (INVH: +80. 0%, MAA: +72. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between INVH and MAA?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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