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Mar 5, 2026·SEC
Feb 27, 2026·SEC
Invitation Homes Inc. (INVH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Invitation Homes Inc. (INVH) stock price & volume — 10-year historical chart
Invitation Homes Inc. (INVH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Invitation Homes Inc. (INVH) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.26vs $0.18+46.3% | $734Mvs $690M+6.4% |
| Q1 2026 | Feb 18, 2026 | $0.27vs $0.18+48.2% | $685Mvs $687M-0.2% |
| Q4 2025 | Oct 29, 2025 | $0.22vs $0.47-53.2% | $688Mvs $683M+0.8% |
| Q3 2025 | Jul 30, 2025 | $0.23vs $0.48-52.1% | $681Mvs $682M-0.0% |
Invitation Homes Inc. (INVH) competitors in Single-family rental home REITs — business model, growth, and fundamentals comparison
Invitation Homes Inc. (INVH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Invitation Homes Inc. (INVH) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.05B | 1.72B | 1.76B | 1.82B | 2B | 2.24B | 2.43B | 2.62B | 2.73B | 2.79B |
Revenue Growth % | 14.29% | 63.4% | 2.42% | 3.29% | 9.53% | 12.1% | 8.67% | 7.67% | 4.21% | 5.35% |
Property Operating Expenses | 434.84M | 720.9M | 731.6M | 739.16M | 777.76M | 874.29M | 976.14M | 1.07B | 2.63B | 1.53B |
Net Operating Income (NOI) | 619.62M▲ 0% | 1B▲ 61.7% | 1.03B▲ 3.1% | 1.08B▲ 4.9% | 1.22B▲ 12.5% | 1.36B▲ 11.9% | 1.46B▲ 6.8% | 1.55B▲ 6.2% | 100.71M▼ 93.5% | 1.26B▲ 0% |
NOI Margin % | 58.76% | 58.16% | 58.54% | 59.45% | 61.05% | 60.94% | 59.87% | 59.04% | 3.69% | 45.04% |
Operating Expenses | 501.41M | 659.3M | 607.99M | 615.84M | 667.95M | 712.14M | 756.63M | 804.94M | -640.24M | 386.74M |
G&A Expenses | 167.74M | 98.76M | 74.27M | 63.3M | 75.81M | 74.03M | 82.34M | 90.61M | 95.25M | 98.05M |
EBITDA | 427.79M | 903.3M | 958.81M | 1.02B | 1.14B | 1.29B | 1.37B | 1.46B | 1.49B | 1.63B |
EBITDA Margin % | 40.57% | 52.43% | 54.33% | 55.98% | 57.25% | 57.63% | 56.48% | 55.58% | 54.52% | 58.31% |
Depreciation & Amortization | 309.58M | 560.54M | 533.72M | 552.53M | 592.13M | 638.11M | 674.29M | 714.33M | 746.93M | 756.93M |
D&A / Revenue % | 29.36% | 32.53% | 30.24% | 30.31% | 29.66% | 28.51% | 27.72% | 27.28% | 27.37% | 27.14% |
Operating Income | 118.21M▲ 0% | 342.76M▲ 190.0% | 425.09M▲ 24.0% | 467.84M▲ 10.1% | 550.91M▲ 17.8% | 651.7M▲ 18.3% | 699.5M▲ 7.3% | 741.24M▲ 6.0% | 740.95M▼ 0.0% | 869.39M▲ 0% |
Operating Margin % | 11.21% | 19.89% | 24.09% | 25.67% | 27.59% | 29.12% | 28.76% | 28.3% | 27.15% | 31.17% |
Interest Expense | 256.97M | 383.6M | 367.17M | 353.92M | 322.66M | 304.09M | 333.46M | 366.07M | 353.33M | 4M |
Interest Coverage | 0.59x | 0.99x | 1.40x | 1.56x | 1.81x | 2.27x | 2.56x | 2.24x | 2.05x | - |
Non-Operating Income | -32.94M | -35.82M | -89.19M | -83.53M | -34.53M | -37.2M | -154.98M | -80.19M | 15.95M | 152.22M |
Pretax Income | -105.83M▲ 0% | -5.01M▲ 95.3% | 147.11M▲ 3034.6% | 197.45M▲ 34.2% | 262.78M▲ 33.1% | 384.8M▲ 46.4% | 521.03M▲ 35.4% | 455.37M▼ 12.6% | 371.67M▼ 18.4% | 529.76M▲ 0% |
Pretax Margin % | -10.04% | -0.29% | 8.34% | 10.83% | 13.16% | 17.19% | 21.42% | 17.39% | 13.62% | 18.99% |
Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | -105.34M▲ 0% | -4.93M▲ 95.3% | 145.46M▲ 3052.4% | 196.21M▲ 34.9% | 261.43M▲ 33.2% | 383.33M▲ 46.6% | 519.47M▲ 35.5% | 453.92M▼ 12.6% | 587.92M▲ 29.5% | 582.69M▲ 0% |
Net Margin % | -9.99% | -0.29% | 8.24% | 10.76% | 13.09% | 17.13% | 21.36% | 17.33% | 21.54% | 20.89% |
Net Income Growth % | -34.63% | 95.32% | 3052.36% | 34.89% | 33.24% | 46.63% | 35.52% | -12.62% | 29.52% | 22.08% |
Funds From Operations (FFO) | 204.24M▲ 0% | 555.61M▲ 172.0% | 679.18M▲ 22.2% | 748.74M▲ 10.2% | 853.56M▲ 14.0% | 1.02B▲ 19.7% | 1.19B▲ 16.9% | 1.17B▼ 2.1% | 1.33B▲ 14.3% | 1.34B▲ 0% |
FFO Margin % | 19.37% | 32.25% | 38.49% | 41.08% | 42.75% | 45.64% | 49.08% | 44.61% | 48.91% | 48.03% |
FFO Growth % | 7.81% | 172.04% | 22.24% | 10.24% | 14% | 19.67% | 16.87% | -2.14% | 14.26% | 52.83% |
FFO per Share | 0.60 | 1.07 | 1.28 | 1.35 | 1.47 | 1.67 | 1.95 | 1.90 | 2.18 | 2.21 |
FFO Payout Ratio % | 33.78% | 41.41% | 40.74% | 44.36% | 46.14% | 52.77% | 53.46% | 59% | 53.4% | 53.68% |
EPS (Diluted) | -0.26▲ 0% | -0.01▲ 95.8% | 0.27▲ 2554.5% | 0.35▲ 29.6% | 0.45▲ 28.6% | 0.63▲ 40.0% | 0.85▲ 34.9% | 0.74▼ 12.9% | 0.96▲ 29.7% | 0.96▲ 0% |
EPS Growth % | 0% | 95.77% | 2554.55% | 29.63% | 28.57% | 40% | 34.92% | -12.94% | 29.73% | 23.38% |
EPS (Basic) | -0.26 | -0.01 | 0.27 | 0.35 | 0.45 | 0.63 | 0.85 | 0.74 | 0.96 | - |
Diluted Shares Outstanding | 339.42M | 520.38M | 532.5M | 555.46M | 579.21M | 611.11M | 613.29M | 613.63M | 613.18M | 606.23M |
Invitation Homes Inc. (INVH) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 18.68B | 18.06B | 17.39B | 17.51B | 18.54B | 18.54B | 19.22B | 18.7B | 18.68B | 18.7B |
Asset Growth % | 91.97% | -3.32% | -3.71% | 0.65% | 5.89% | -0.01% | 3.69% | -2.71% | -0.11% | -6.78% |
Real Estate & Other Assets | 17.4B | 16.79B | 16.26B | 16.32B | 16.96B | 17.17B | 17.38B | 17.34B | 17.38B | 648.57M |
PP&E (Net) | 16.59M | 11.79M | 23.59M | 31.7M | 33.57M | 41.02M | 45.01M | 71.53M | 102.56M | 17.11B |
Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Total Current Assets | 538.37M | 579.16M | 461.47M | 535.39M | 980.08M | 677.54M | 1.14B | 674.2M | 569.07M | 372.98M |
Cash & Equivalents | 179.88M | 144.94M | 92.26M | 213.42M | 610.17M | 262.87M | 700.62M | 174.49M | 129.97M | 114.13M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
Other Current Assets | 283.5M | 369.13M | 310.52M | 242.51M | 228.71M | 220.9M | 243.07M | 294.64M | 283.46M | 258.85M |
Intangible Assets | 37.52M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Liabilities | 10.03B | 9.69B | 9.13B | 8.95B | 8.7B | 8.21B | 9.03B | 8.91B | 9.11B | 9.57B |
Total Debt | 9.65B | 12.46B | 10.63B | 8.03B | 8B | 7.77B | 8.55B | 8.2B | 8.38B | 8.8B |
Net Debt | 9.47B | 12.31B | 10.54B | 7.82B | 7.39B | 7.51B | 7.85B | 8.03B | 8.25B | 8.69B |
Long-Term Debt | 9.62B | 9.25B | 8.47B | 8.03B | 8B | 7.77B | 8.55B | 7.63B | 8.24B | 8.24B |
Short-Term Borrowings | 35M | 3.21B | 2.16B | 0 | 0 | 0 | 0 | 570M | 145M | 560M |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Current Liabilities | 228.41M | 169.6M | 186.11M | 149.3M | 193.63M | 198.42M | 200.59M | 817.71M | 375.35M | 1B |
Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 257.45M |
Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 187.07M |
Other Liabilities | 188.69M | 274.82M | 473.24M | 769.35M | 506.75M | 245.58M | 283.89M | 458.43M | 502.03M | 325.59M |
Total Equity | 8.65B▲ 0% | 8.37B▼ 3.2% | 8.27B▼ 1.2% | 8.56B▲ 3.5% | 9.84B▲ 15.0% | 10.32B▲ 4.9% | 10.19B▼ 1.3% | 9.79B▼ 3.9% | 9.57B▼ 2.3% | 9.13B▲ 0% |
Equity Growth % | 341.9% | -3.25% | -1.23% | 3.51% | 14.99% | 4.93% | -1.29% | -3.9% | -2.29% | -15.21% |
Shareholders Equity | 8.5B | 8.23B | 8.21B | 8.5B | 9.8B | 10.29B | 10.16B | 9.76B | 9.53B | 9.09B |
Minority Interest | 151.79M | 140.07M | 51.66M | 51.25M | 41.06M | 32.29M | 34.46M | 35.74M | 37.76M | 37.63M |
Common Stock | 5.19M | 5.21M | 5.42M | 5.67M | 6.01M | 6.11M | 6.12M | 6.13M | 6.11M | 5.94M |
Additional Paid-in Capital | 8.6B | 8.63B | 9.01B | 9.71B | 10.87B | 11.14B | 11.16B | 11.17B | 11.13B | 10.7B |
Retained Earnings | -157.59M | -392.59M | -524.59M | -661.16M | -794.87M | -951.22M | -1.07B | -1.48B | -1.61B | -1.63B |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | -0.74% | -0.03% | 0.82% | 1.12% | 1.45% | 2.07% | 2.75% | 2.39% | 3.15% | 3.11% |
Return on Equity (ROE) | -1.99% | -0.06% | 1.75% | 2.33% | 2.84% | 3.8% | 5.06% | 4.54% | 6.07% | 6.12% |
Debt / Assets | 51.66% | 68.95% | 61.12% | 45.88% | 43.15% | 41.91% | 44.46% | 43.86% | 44.86% | 47.07% |
Debt / Equity | 1.12x | 1.49x | 1.29x | 0.94x | 0.81x | 0.75x | 0.84x | 0.84x | 0.88x | 0.96x |
Net Debt / EBITDA | 22.14x | 13.63x | 10.99x | 7.66x | 6.46x | 5.82x | 5.71x | 5.52x | 5.54x | 5.34x |
Book Value per Share | 25.48 | 16.08 | 15.52 | 15.40 | 16.99 | 16.89 | 16.62 | 15.96 | 15.60 | 15.06 |
Invitation Homes Inc. (INVH) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 259.79M | 561.24M | 662.13M | 696.71M | 907.66M | 1.02B | 1.11B | 1.08B | 1.21B | 1.2B |
Operating CF Growth % | 3.86% | 116.04% | 17.98% | 5.22% | 30.28% | 12.77% | 8.16% | -2.28% | 11.5% | 23.18% |
Operating CF / Revenue % | 24.64% | 32.57% | 37.52% | 38.22% | 45.46% | 45.73% | 45.52% | 41.31% | 44.2% | 42.98% |
Net Income | -105.83M | -5.01M | 147.11M | 197.45M | 262.78M | 384.8M | 521.03M | 455.37M | 587.92M | 582.69M |
Depreciation & Amortization | 309.58M | 560.54M | 533.72M | 552.53M | 592.13M | 638.11M | 674.29M | 714.33M | 746.93M | 756.93M |
Stock-Based Compensation | 81.2M | 29.5M | 18.16M | 17.09M | 27.17M | 28.96M | 29.5M | 27.92M | 27.83M | 28.37M |
Other Non-Cash Items | 32.86M | 53.91M | 50.65M | 46.31M | 34.11M | -17.9M | -129.69M | -136.7M | -176.03M | -161.2M |
Working Capital Changes | -32.21M | -46.77M | -7.3M | -46.05M | 24.76M | -10.39M | 11.96M | 20.89M | 17.59M | -8.04M |
Cash from Investing | 53.28M | 62.99M | 102.23M | -425.16M | -1.16B | -814.41M | -773.55M | -465.87M | -652.57M | -590.63M |
Acquisitions (Net) | 84.95M | 192.57M | 586.08M | -16.34M | -65M | -167.73M | 0 | 0 | -45.68M | -177.41M |
Purchase of Investments | -95.17M | -211.74M | -586.08M | 172.28M | 162.83M | 3.94M | -33.93M | -4.72M | -2.89M | -15.87M |
Sale of Investments | 79.29M | 224.03M | 49.96M | 72.11M | 119.92M | 76.31M | 861K | 0 | 0 | 187.57M |
Other Investing | 46.75M | 3.83M | 216.51M | -480.92M | -1.21B | -518.86M | -489.18M | -241.76M | -361.24M | -469.08M |
Cash from Financing | -331.31M | -680.8M | -838.1M | -146.03M | 658.99M | -574.11M | 110.02M | -1.09B | -618.49M | -553.78M |
Dividends Paid | -69M | -230.07M | -276.68M | -332.15M | -393.81M | -539.03M | -638.13M | -689.24M | -712.84M | -719.12M |
Common Dividends | -69M | -230.07M | -276.68M | -332.15M | -393.81M | -539.03M | -638.13M | -689.24M | -712.84M | -719.12M |
Debt Issuance (Net) | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 4M |
Share Repurchases | -15.88M | -9.24M | -8.16M | 0 | 0 | 0 | -8.15M | -10.89M | -53.21M | -442.41M |
Other Financing | 1.63B | -61.38M | 40.7M | -65.88M | -52.16M | -44.62M | -13.12M | -62.11M | -20.51M | -72.43M |
Net Change in Cash | -18.24M▲ 0% | -56.57M▼ 210.1% | -73.75M▼ 30.4% | 125.52M▲ 270.2% | 407.09M▲ 224.3% | -364.93M▼ 189.6% | 443.56M▲ 221.5% | -477.79M▼ 207.7% | -64.83M▲ 86.4% | 54.35M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 198.12M | 416.56M | 359.99M | 286.25M | 411.77M | 818.86M | 453.93M | 897.48M | 419.69M | 354.87M |
Cash at End | 179.88M | 359.99M | 286.25M | 411.77M | 818.86M | 453.93M | 897.48M | 419.69M | 354.87M | 372.98M |
Free Cash Flow | 197.25M▲ 0% | 415.53M▲ 110.7% | 497.89M▲ 19.8% | 524.43M▲ 5.3% | 744.83M▲ 42.0% | 815.52M▲ 9.5% | 885.99M▲ 8.6% | 862.41M▼ 2.7% | 963.48M▲ 11.7% | 1.13B▲ 0% |
FCF Growth % | -1.54% | 110.66% | 19.82% | 5.33% | 42.03% | 9.49% | 8.64% | -2.66% | 11.72% | 27.89% |
FCF / Revenue % | 18.71% | 24.12% | 28.21% | 28.77% | 37.3% | 36.44% | 36.43% | 32.93% | 35.3% | 40.66% |
Invitation Homes Inc. (INVH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 0.6 | 1.07 | 1.28 | 1.35 | 1.47 | 1.67 | 1.95 | 1.9 | 2.18 | 2.21 |
FFO Payout Ratio | 33.78% | 41.41% | 40.74% | 44.36% | 46.14% | 52.77% | 53.46% | 59% | 53.4% | 53.68% |
NOI Margin | 58.76% | 58.16% | 58.54% | 59.45% | 61.05% | 60.94% | 59.87% | 59.04% | 3.69% | 45.04% |
Net Debt / EBITDA | 22.14x | 13.63x | 10.99x | 7.66x | 6.46x | 5.82x | 5.71x | 5.52x | 5.54x | 5.34x |
Debt / Assets | 51.66% | 68.95% | 61.12% | 45.88% | 43.15% | 41.91% | 44.46% | 43.86% | 44.86% | 47.07% |
Interest Coverage | 0.59x | 0.99x | 1.40x | 1.56x | 1.81x | 2.27x | 2.56x | 2.24x | 2.05x | - |
Book Value / Share | 25.48 | 16.08 | 15.52 | 15.4 | 16.99 | 16.89 | 16.62 | 15.96 | 15.6 | 15.06 |
Revenue Growth | 14.29% | 63.4% | 2.42% | 3.29% | 9.53% | 12.1% | 8.67% | 7.67% | 4.21% | 5.35% |
Invitation Homes Inc. (INVH) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 29, 2026·SEC
Mar 5, 2026·SEC
Feb 27, 2026·SEC
Invitation Homes Inc. (INVH) stock FAQ — growth, dividends, profitability & financials explained
Invitation Homes Inc. (INVH) reported $2.79B in revenue for fiscal year 2025. This represents a 323% increase from $658.7M in 2014.
Invitation Homes Inc. (INVH) grew revenue by 4.2% over the past year. Growth has been modest.
Yes, Invitation Homes Inc. (INVH) is profitable, generating $582.7M in net income for fiscal year 2025 (21.5% net margin).
Yes, Invitation Homes Inc. (INVH) pays a dividend with a yield of 4.09%. This makes it attractive for income-focused investors.
Invitation Homes Inc. (INVH) has a return on equity (ROE) of 6.1%. This is below average, suggesting room for improvement.
Invitation Homes Inc. (INVH) generated Funds From Operations (FFO) of $1.34B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Invitation Homes Inc. (INVH) offers a 4.09% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.