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2 / 10Stock Comparison
INVH vs PLD
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Industrial
INVH vs PLD — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Residential | REIT - Industrial |
| Market Cap | $17.18B | $130.26B |
| Revenue (TTM) | $2.79B | $8.74B |
| Net Income (TTM) | $583M | $3.21B |
| Gross Margin | 45.0% | 67.7% |
| Operating Margin | 31.2% | 47.0% |
| Forward P/E | 39.6x | 40.8x |
| Total Debt | $8.38B | $31.49B |
| Cash & Equiv. | $130M | $1.32B |
INVH vs PLD — 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 | 109.0 | +9.0% |
| Prologis, Inc. (PLD) | 100 | 153.3 | +53.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: INVH vs PLD
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 income & stability and growth exposure.
- Dividend streak 9 yrs, beta 0.27, yield 4.1%
- Rev growth 4.2%, EPS growth 29.7%, 3Y rev CAGR 6.8%
- Lower volatility, beta 0.27, Low D/E 87.6%, current ratio 1.52x
PLD is the clearest fit if your priority is long-term compounding.
- 263.8% 10Y total return vs INVH's 79.6%
- 36.7% margin vs INVH's 20.9%
- +37.1% vs INVH's -14.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 4.2% FFO/revenue growth vs PLD's 2.2% | |
| Value | Lower P/E (39.6x vs 40.8x), PEG 1.77 vs 3.77 | |
| Quality / Margins | 36.7% margin vs INVH's 20.9% | |
| Stability / Safety | Beta 0.27 vs PLD's 0.73 | |
| Dividends | 4.1% yield, 9-year raise streak, vs PLD's 2.7% | |
| Momentum (1Y) | +37.1% vs INVH's -14.7% | |
| Efficiency (ROA) | 3.3% ROA vs INVH's 3.1%, ROIC 3.8% vs 3.1% |
INVH vs PLD — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
INVH vs PLD — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
PLD leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
PLD is the larger business by revenue, generating $8.7B annually — 3.1x INVH's $2.8B. PLD is the more profitable business, keeping 36.7% of every revenue dollar as net income compared to INVH's 20.9%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.8B | $8.7B |
| EBITDAEarnings before interest/tax | $1.6B | $6.7B |
| Net IncomeAfter-tax profit | $583M | $3.2B |
| Free Cash FlowCash after capex | $1.1B | $5.2B |
| Gross MarginGross profit ÷ Revenue | +45.0% | +67.7% |
| Operating MarginEBIT ÷ Revenue | +31.2% | +47.0% |
| Net MarginNet income ÷ Revenue | +20.9% | +36.7% |
| FCF MarginFCF ÷ Revenue | +40.7% | +59.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +8.8% | +8.7% |
| EPS Growth (YoY)Latest quarter vs prior year | -3.7% | -24.1% |
Valuation Metrics
INVH leads this category, winning 7 of 7 comparable metrics.
Valuation Metrics
At 29.8x trailing earnings, INVH trades at a 15% valuation discount to PLD's 35.0x P/E. Adjusting for growth (PEG ratio), INVH offers better value at 1.33x vs PLD's 3.24x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $17.2B | $130.3B |
| Enterprise ValueMkt cap + debt − cash | $25.4B | $160.4B |
| Trailing P/EPrice ÷ TTM EPS | 29.85x | 34.98x |
| Forward P/EPrice ÷ next-FY EPS est. | 39.57x | 40.80x |
| PEG RatioP/E ÷ EPS growth rate | 1.33x | 3.24x |
| EV / EBITDAEnterprise value multiple | 17.09x | 22.93x |
| Price / SalesMarket cap ÷ Revenue | 6.29x | 15.88x |
| Price / BookPrice ÷ Book value/share | 1.84x | 2.28x |
| Price / FCFMarket cap ÷ FCF | 17.83x | 26.52x |
Profitability & Efficiency
PLD leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
INVH delivers a 6.1% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $6 for PLD. PLD carries lower financial leverage with a 0.54x debt-to-equity ratio, signaling a more conservative balance sheet compared to INVH's 0.88x. On the Piotroski fundamental quality scale (0–9), INVH scores 7/9 vs PLD's 5/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +6.1% | +5.6% |
| ROA (TTM)Return on assets | +3.1% | +3.3% |
| ROICReturn on invested capital | +3.1% | +3.8% |
| ROCEReturn on capital employed | +4.1% | +4.8% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 |
| Debt / EquityFinancial leverage | 0.88x | 0.54x |
| Net DebtTotal debt minus cash | $8.3B | $30.2B |
| Cash & Equiv.Liquid assets | $130M | $1.3B |
| Total DebtShort + long-term debt | $8.4B | $31.5B |
| Interest CoverageEBIT ÷ Interest expense | 2.05x | 5.27x |
Total Returns (Dividends Reinvested)
PLD leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PLD five years ago would be worth $13,959 today (with dividends reinvested), compared to $9,908 for INVH. Over the past 12 months, PLD leads with a +37.1% total return vs INVH's -14.7%. The 3-year compound annual growth rate (CAGR) favors PLD at 6.1% vs INVH's -2.1% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +4.5% | +9.5% |
| 1-Year ReturnPast 12 months | -14.7% | +37.1% |
| 3-Year ReturnCumulative with dividends | -6.0% | +19.3% |
| 5-Year ReturnCumulative with dividends | -0.9% | +39.6% |
| 10-Year ReturnCumulative with dividends | +79.6% | +263.8% |
| CAGR (3Y)Annualised 3-year return | -2.1% | +6.1% |
Risk & Volatility
Evenly matched — INVH and PLD each lead in 1 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 PLD's 0.73 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PLD currently trades 96.4% from its 52-week high vs INVH's 80.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.27x | 0.73x |
| 52-Week HighHighest price in past year | $35.46 | $145.44 |
| 52-Week LowLowest price in past year | $24.25 | $103.02 |
| % of 52W HighCurrent price vs 52-week peak | +80.8% | +96.4% |
| RSI (14)Momentum oscillator 0–100 | 70.1 | 49.7 |
| Avg Volume (50D)Average daily shares traded | 5.9M | 3.1M |
Analyst Outlook
Evenly matched — INVH and PLD each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates INVH as "Hold" and PLD as "Buy". Consensus price targets imply 12.4% upside for INVH (target: $32) vs 3.0% for PLD (target: $144). For income investors, INVH offers the higher dividend yield at 4.06% vs PLD's 2.67%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $32.22 | $144.43 |
| # AnalystsCovering analysts | 33 | 42 |
| Dividend YieldAnnual dividend ÷ price | +4.1% | +2.7% |
| Dividend StreakConsecutive years of raises | 9 | 11 |
| Dividend / ShareAnnual DPS | $1.16 | $3.74 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | +0.0% |
PLD leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). INVH leads in 1 (Valuation Metrics). 2 tied.
INVH vs PLD: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is INVH or PLD 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 2. 2% for Prologis, Inc. (PLD). Invitation Homes Inc. (INVH) offers the better valuation at 29. 8x trailing P/E (39. 6x forward), making it the more compelling value choice. Analysts rate Prologis, Inc. (PLD) a "Buy" — based on 42 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 PLD?
On trailing P/E, Invitation Homes Inc.
(INVH) is the cheapest at 29. 8x versus Prologis, Inc. at 35. 0x. On forward P/E, Invitation Homes Inc. is actually cheaper at 39. 6x. 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 Prologis, Inc. 's 3. 77x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — INVH or PLD?
Over the past 5 years, Prologis, Inc.
(PLD) delivered a total return of +39. 6%, compared to -0. 9% for Invitation Homes Inc. (INVH). Over 10 years, the gap is even starker: PLD returned +263. 8% versus INVH's +79. 6%. 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 PLD?
By beta (market sensitivity over 5 years), Invitation Homes Inc.
(INVH) is the lower-risk stock at 0. 27β versus Prologis, Inc. 's 0. 73β — meaning PLD is approximately 167% more volatile than INVH relative to the S&P 500. On balance sheet safety, Prologis, Inc. (PLD) carries a lower debt/equity ratio of 54% versus 88% for Invitation Homes Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — INVH or PLD?
By revenue growth (latest reported year), Invitation Homes Inc.
(INVH) is pulling ahead at 4. 2% versus 2. 2% for Prologis, Inc. (PLD). On earnings-per-share growth, the picture is similar: Invitation Homes Inc. grew EPS 29. 7% year-over-year, compared to 21. 9% for Prologis, Inc.. Over a 3-year CAGR, PLD leads at 19. 9% 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 PLD?
Prologis, Inc.
(PLD) is the more profitable company, earning 45. 5% net margin versus 21. 5% for Invitation Homes Inc. — meaning it keeps 45. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PLD leads at 53. 8% versus 27. 1% for INVH. At the gross margin level — before operating expenses — PLD leads at 74. 9%, 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 PLD 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 Prologis, Inc. 's 3. 77x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Invitation Homes Inc. (INVH) trades at 39. 6x forward P/E versus 40. 8x for Prologis, Inc. — 1. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for INVH: 12. 4% to $32. 22.
08Which pays a better dividend — INVH or PLD?
All stocks in this comparison pay dividends.
Invitation Homes Inc. (INVH) offers the highest yield at 4. 1%, versus 2. 7% for Prologis, Inc. (PLD).
09Is INVH or PLD 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. 1% yield). Both have compounded well over 10 years (INVH: +79. 6%, PLD: +263. 8%), 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 PLD?
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.
In terms of investment character: INVH is a mid-cap income-oriented stock; PLD is a mid-cap quality compounder stock. 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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