Invitation Homes' FFO per share recovered from $0.41 in Q2 2024 to $0.70 in Q2 2026, though the Q3 2026 reading of $0.60 suggests quarterly volatility remains material and the recovery may be front-loaded.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue grew to $731.3M in Q3 2026 with year-over-year growth moderating to 6.3%, and NOI margins of roughly 54% to 62% in most quarters suggest stable property-level profitability, though the anomalous 3.1% margin in Q4 2025 warrants investigation as a possible data issue.
Invitation Homes owns and manages a large portfolio of high-quality homes in markets with strong employment growth and desirable school districts. The demand for single-family rentals is expected to remain robust, particularly among Millennials and Gen Z who face barriers to homeownership.
INVH's significant scale provides a competitive advantage, allowing for lower maintenance and management costs compared to smaller landlords. This operational efficiency supports profitability and enhances its ability to maintain strong occupancy rates, which have been near 97%.
The company maintains a strong balance sheet with substantial liquidity and a high percentage of unencumbered real estate. Growth initiatives include construction lending, third-party management, and the ResiBuilt acquisition, which is expected to contribute to future earnings.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 28, 2026 | $0.27+49.5% vs $0.18 | $731M-1.5% vs $743M |
Q3 2026 Jul 29, 2026 | $0.37+116.6% vs $0.17 | $748M+2.2% vs $731M |
Q2 2026 Apr 29, 2026 | $0.26+46.3% vs $0.18 | $734M+6.4% vs $690M |
Q1 2026 Feb 18, 2026 | $0.27+48.2% vs $0.18 | $685M-0.2% vs $687M |
INVH heads into Q3 earnings with revenue and FFO growth in focus, supported by strong renewal pricing, healthy rental demand and improving supply conditions.
A new federal rule threatens penalties that could dwarf the price of any single home purchase, and the two biggest single-family landlords in America just watched their stocks climb on the day it dropped.
REIT rent growth could accelerate significantly starting in 2027. Falling construction activity could give landlords stronger pricing power. Some heavily discounted REITs could offer substantial upside as growth recovers.
Berkshire Hathaway has aggressively accumulated Lennar shares, betting on its management, national scale, and asset-light transition. Lennar's relationship with Millrose Properties, now a significant buyer of completed Lennar homes, raises governance and incentive concerns as MRP shifts from land-banking to rental properties. Millrose's pivot to acquiring and renting completed homes introduces lower yields (~5% NOI vs. 8.5% land-banking) and higher operational risks, prompting a Sell rating on MRP.
Benchmark INVH against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Invitation Homes Inc. (INVH)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $27.10 | $16.1B | 23.37 | 4.21% | 23.55% | 7.45% | 4.29% | |
| $32.82 | $11.79B | 25.59 | 7.95% | 24.29% | 6.12% | 3.67% | |
| $16.26 | $413.2M | -11.18 | -3.24% | -14.48% | -14.03% | 12.96% | |
| $65.51 | $50.69B | -257.71 | 4.06% | -4.19% | -0.85% | 4.11% | |
| $118.93 | $13.84B | 35.57 | 0.83% | 17.43% | 6.86% | 5.09% | |
| $99.44 | $10B | 9.24 | 1.92% | 71.53% | 26.22% | 4.27% |
Invitation Homes Inc. (INVH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Invitation Homes Inc. (INVH) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 28, 2026·SEC
Jul 29, 2026·SEC
Jul 8, 2026·SEC
Get notified when INVH posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Invitation Homes Inc. (INVH) stock FAQ — growth, dividends, profitability & financials explained
Invitation Homes Inc. (INVH) reported $2.90B in revenue over the trailing twelve months. Revenue was $2.73B in fiscal year 2025. That is 314% more than the $658.7M of fiscal year 2014.
Invitation Homes Inc. (INVH) grew revenue by 7.2% over the trailing twelve months, compared with the twelve months before.
Yes. Invitation Homes Inc. (INVH) earned $682.4M in net income over the trailing twelve months (a 23.5% net margin).
Yes. Invitation Homes Inc. (INVH) pays a dividend that yields 4.29% at the current price, a high yield.
Invitation Homes Inc. (INVH) had a return on equity (ROE) of 7.4% over the trailing twelve months. That is below the market's typical 10-15%.
Invitation Homes Inc. (INVH) generated Funds From Operations (FFO) of $1.46B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Invitation Homes Inc. (INVH) offers a 4.29% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
