Symbols / INVH Stock $28.53 -0.83% Invitation Homes Inc.

Real Estate • REIT - Residential • United States • NYQ
INVH (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Residential
CEO Mr. Dallas B. Tanner
Exch · Country NYQ · United States
Market Cap 16.95B
Enterprise Value 25.71B
Income 581.25M
Sales 2.78B
FCF (ttm) 1.02B
Book/sh 15.30
Cash/sh 0.23
Employees 1,725
Insider 10d —
IPO Feb 01, 2017
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 124.21%
P/E 30.03
Forward P/E 41.89
PEG 13.14
P/S 6.10
P/B 1.86
P/C —
EV/EBITDA 17.22
EV/Sales 9.25
Quick Ratio 0.51
Current Ratio 1.50
Debt/Eq 97.04
LT Debt/Eq —
EPS (ttm) 0.95
EPS next Y 0.68
EPS Growth -3.70%
Revenue Growth 9.20%
EPS Gr Q/Q -3.20%
Rev Gr Q/Q —
Earnings (next) 2026-07-29
Earnings (prior) 2026-04-29
ROA 2.47%
ROE 6.19%
ROIC —
Gross Margin 57.18%
Oper. Margin 24.28%
Profit Margin 20.96%
Shs Outstand 593.98M
Shs Float 540.08M
Insider Own 0.33%
Instit Own 105.80%
Short Float 4.37%
Short Ratio 3.01
Short Interest 19.22M
52W High 35.46
vs 52W High -19.54%
52W Low 24.25
vs 52W Low 17.65%
Beta 0.82
Impl. Vol. 29.54%
Rel Volume 0.56
Avg Volume 6.49M
Volume 3.61M
Target (mean) $31.14
Tgt Median $31.00
Tgt Low $26.00
Tgt High $38.00
# Analysts 22
Recom Buy
Prev Close $28.77
Price $28.53
Change -0.83%
About

Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high quality homes in sought after neighborhoods across the United States. As of December 31, 2025, we wholly own 86,192 homes for lease, jointly own 8,006 homes for lease, and provide professional third-party property and asset management services for an additional 15,866 homes, all of which are primarily located in 16 core markets across the country. These homes help meet the needs of a growing share of Americans who count on the ease, flexibility, and savings of leasing. We provide our residents access to updated homes with features they value, as well as close proximity to jobs and good schools. The continued demand for our product proves that the choice and flexibility we offer are attractive to many people. We operate in markets with strong demand drivers, high barriers to entry, and high rent growth potential, primarily in the Western United States, Florida, and the Southeast United States. Through disciplined market and asset selection, as well as through strategic mergers and acquisitions, we designed our wholly and jointly owned portfolios to capture the operating benefits of local density as well as economies of scale that we believe cannot be readily replicated. Since our founding in 2012, we have built a proven, vertically integrated operating platform that enables us to effectively and efficiently acquire, renovate, lease, maintain, and manage both the homes we own and those we manage on behalf of others. The portfolio of homes we own average approximately 1,880 square feet with three to four bedrooms and two bathrooms, appealing to a resident base that we believe is less transitory than a typical multifamily resident. We invest in the upfront renovation of homes in our portfolio in order to address capital needs, reduce ongoing maintenance costs, and drive resident demand Invitation Homes Inc. was incorporated in 6th June 2012 in Maryland, USA.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$31.14
Mean price target
2. Current target
$28.53
Latest analyst target
3. DCF / Fair value
$30.94
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$28.53
Low
$26.00
High
$38.00
Mean
$31.14

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-01 main RBC Capital Sector Perform → Sector Perform $30
2026-05-01 main Evercore ISI Group Outperform → Outperform $32
2026-04-28 init Compass Point — → Neutral —
2026-04-27 main Barclays Overweight → Overweight $32
2026-03-13 main Mizuho Neutral → Neutral $26
2026-03-09 main Morgan Stanley Equal-Weight → Equal-Weight $33
2026-03-06 main Barclays Overweight → Overweight $31
2026-03-05 main Wells Fargo Equal-Weight → Equal-Weight $28
2026-03-04 main Scotiabank Sector Perform → Sector Perform $27
2026-02-27 down Raymond James Outperform → Market Perform —
2026-02-25 main Citigroup Buy → Buy $31
2026-02-25 main Keefe, Bruyette & Woods Market Perform → Market Perform $28
2026-02-24 main Oppenheimer Outperform → Outperform $31
2026-02-23 main Evercore ISI Group Outperform → Outperform $29
2026-02-20 main RBC Capital Sector Perform → Sector Perform $29
2026-02-20 main Evercore ISI Group Outperform → Outperform $31
2026-02-20 main Keybanc Overweight → Overweight $34
2026-02-20 main Citizens Market Outperform → Market Outperform $35
2026-01-14 main Scotiabank Sector Perform → Sector Perform $28
2026-01-08 main UBS Buy → Buy $35
News
RSS: Latest INVH news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-27 SOLLS MARK A. Officer — 15,614 $0.00 $0
2026-02-27 NORRELL KIMBERLY K Officer — 7,831 $0.00 $0
2026-02-27 TANNER DALLAS BRADFORD Chief Executive Officer — 486,845 $0.00 $0
2026-02-27 OLSEN JONATHAN S. Chief Financial Officer — 215,453 $0.00 $0
2026-02-27 EISEN SCOTT G. Chief Investment Officer — 204,538 $0.00 $0
2026-02-27 LOBNER TIMOTHY Chief Operating Officer — 248,862 $0.00 $0
2026-02-23 SOLLS MARK A. Officer — 7,510 $0.00 $0
2026-02-23 NORRELL KIMBERLY K Officer — 7,478 $0.00 $0
2026-02-23 TANNER DALLAS BRADFORD Chief Executive Officer — 59,288 $0.00 $0
2026-02-23 OLSEN JONATHAN S. Chief Financial Officer — 9,486 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
2,729.30
+4.21%
2,618.94
+7.67%
2,432.28
+8.68%
2,238.12
Operating Revenue
2,729.30
+4.21%
2,618.94
+7.67%
2,432.28
+8.68%
2,238.12
Cost Of Revenue
1,134.72
+5.78%
1,072.76
+9.90%
976.14
+11.65%
874.29
Reconciled Cost Of Revenue
1,134.72
+5.78%
1,072.76
+9.90%
976.14
+11.65%
874.29
Gross Profit
1,594.58
+3.13%
1,546.18
+6.18%
1,456.13
+6.77%
1,363.83
Operating Expense
842.18
+4.63%
804.94
+6.38%
756.63
+6.25%
712.14
Selling General And Administration
95.25
+5.12%
90.61
+10.04%
82.34
+11.24%
74.03
General And Administrative Expense
95.25
+5.12%
90.61
+10.04%
82.34
+11.24%
74.03
Other Gand A
95.25
+5.12%
90.61
+10.04%
82.34
+11.24%
74.03
Total Expenses
1,976.90
+5.28%
1,877.70
+8.36%
1,732.78
+9.23%
1,586.43
Operating Income
752.40
+1.50%
741.24
+5.97%
699.50
+7.34%
651.70
EBITDA
1,690.17
+10.05%
1,535.76
+0.46%
1,528.77
+15.20%
1,327.01
Normalized EBITDA
1,483.38
+7.95%
1,374.14
+1.50%
1,353.83
+6.69%
1,268.94
Reconciled Depreciation
746.93
+4.56%
714.33
+5.94%
674.29
+5.67%
638.11
EBIT
943.24
+14.83%
821.43
-3.87%
854.49
+24.04%
688.89
Total Unusual Items
206.79
+27.95%
161.62
-7.61%
174.94
+201.30%
58.06
Total Unusual Items Excluding Goodwill
206.79
+27.95%
161.62
-7.61%
174.94
+201.30%
58.06
Special Income Charges
-11.44
+86.20%
-82.92
-864.69%
-8.60
+70.05%
-28.70
Impairment Of Capital Assets
11.44
-86.20%
82.92
+864.69%
8.60
-70.05%
28.70
Net Income
587.92
+29.52%
453.92
-12.62%
519.47
+35.52%
383.33
Pretax Income
589.91
+29.55%
455.37
-12.60%
521.03
+35.40%
384.80
Net Non Operating Interest Income Expense
-353.33
+3.48%
-366.07
-9.78%
-333.46
-9.66%
-304.09
Interest Expense Non Operating
353.33
-3.48%
366.07
+9.78%
333.46
+9.66%
304.09
Net Interest Income
-353.33
+3.48%
-366.07
-9.78%
-333.46
-9.66%
-304.09
Interest Expense
353.33
-3.48%
366.07
+9.78%
333.46
+9.66%
304.09
Other Income Expense
190.84
+137.97%
80.19
-48.26%
154.98
+316.66%
37.20
Other Non Operating Income Expenses
-4.34
+91.80%
-52.99
-2441.29%
-2.08
+81.48%
-11.26
Gain On Sale Of Security
218.24
-10.76%
244.55
+33.24%
183.54
+111.55%
86.76
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
43.43
+27.95%
33.94
-7.61%
36.74
+201.30%
12.19
Net Income Including Noncontrolling Interests
589.91
+29.55%
455.37
-12.60%
521.03
+35.40%
384.80
Net Income From Continuing Operation Net Minority Interest
587.92
+29.52%
453.92
-12.62%
519.47
+35.52%
383.33
Net Income From Continuing And Discontinued Operation
587.92
+29.52%
453.92
-12.62%
519.47
+35.52%
383.33
Net Income Continuous Operations
589.91
+29.55%
455.37
-12.60%
521.03
+35.40%
384.80
Minority Interests
-1.99
-37.09%
-1.45
+7.06%
-1.56
-5.99%
-1.47
Normalized Income
424.56
+30.14%
326.23
-14.43%
381.26
+12.98%
337.46
Net Income Common Stockholders
586.96
+29.53%
453.16
-12.65%
518.77
+35.57%
382.67
Otherunder Preferred Stock Dividend
0.96
+27.49%
0.75
+8.19%
0.70
+5.30%
0.66
Diluted EPS
—
0.74
-12.94%
0.85
+34.92%
0.63
Basic EPS
—
0.74
-12.94%
0.85
+34.92%
0.63
Basic Average Shares
—
612.55
+0.11%
611.89
+0.35%
609.77
Diluted Average Shares
—
613.63
+0.06%
613.29
+0.36%
611.11
Diluted NI Availto Com Stockholders
586.96
+29.53%
453.16
-12.65%
518.77
+35.57%
382.67
Depreciation Amortization Depletion Income Statement
746.93
+4.56%
714.33
+5.94%
674.29
+5.67%
638.11
Depreciation And Amortization In Income Statement
746.93
+4.56%
714.33
+5.94%
674.29
+5.67%
638.11
Earnings From Equity Interest
-11.61
+59.19%
-28.45
-59.12%
-17.88
-86.10%
-9.61
Line Item Trend 2023-12-31
Total Assets
19,220.97
Current Assets
1,144.42
Cash Cash Equivalents And Short Term Investments
700.62
Cash And Cash Equivalents
700.62
Receivables
60.81
Accounts Receivable
60.81
Prepaid Assets
139.92
Restricted Cash
196.87
Assets Held For Sale Current
46.20
Total Non Current Assets
18,076.55
Net PPE
45.01
Gross PPE
45.01
Other Properties
45.01
Goodwill And Other Intangible Assets
258.21
Goodwill
258.21
Investments And Advances
389.63
Long Term Equity Investment
247.17
Non Current Deferred Assets
2.97
Other Non Current Assets
16.03
Total Liabilities Net Minority Interest
9,030.53
Current Liabilities
200.59
Payables And Accrued Expenses
200.59
Current Debt And Capital Lease Obligation
—
Current Debt
—
Total Non Current Liabilities Net Minority Interest
8,829.94
Long Term Debt And Capital Lease Obligation
8,546.05
Long Term Debt
8,546.05
Other Non Current Liabilities
283.89
Stockholders Equity
10,155.97
Common Stock Equity
10,155.97
Capital Stock
6.12
Common Stock
6.12
Preferred Stock
0.00
Share Issued
611.96
Ordinary Shares Number
611.96
Treasury Shares Number
0.00
Additional Paid In Capital
11,156.74
Retained Earnings
-1,070.59
Gains Losses Not Affecting Retained Earnings
63.70
Minority Interest
34.46
Other Equity Adjustments
63.70
Total Equity Gross Minority Interest
10,190.43
Total Capitalization
18,702.02
Working Capital
943.83
Invested Capital
18,702.02
Total Debt
8,546.05
Net Debt
7,845.43
Net Tangible Assets
9,897.76
Tangible Book Value
9,897.76
Available For Sale Securities
55.99
Financial Assets
75.49
Held To Maturity Securities
86.47
Investment Properties
17,289.21
Investmentin Financial Assets
142.46
Investmentsin Joint Venturesat Cost
247.17
Line Of Credit
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
1,206.23
+11.50%
1,081.81
-2.28%
1,107.09
+8.16%
1,023.59
Cash Flow From Continuing Operating Activities
1,206.23
+11.50%
1,081.81
-2.28%
1,107.09
+8.16%
1,023.59
Net Income From Continuing Operations
589.91
+29.55%
455.37
-12.60%
521.03
+35.40%
384.80
Depreciation Amortization Depletion
746.93
+4.56%
714.33
+5.94%
674.29
+5.67%
638.11
Depreciation
746.93
+4.56%
714.33
+5.94%
674.29
—
Depreciation And Amortization
746.93
+4.56%
714.33
+5.94%
674.29
+5.67%
638.11
Other Non Cash Items
32.58
-48.99%
63.87
+172.66%
23.42
-50.82%
47.63
Stock Based Compensation
27.83
-0.32%
27.92
-5.37%
29.50
+1.87%
28.96
Asset Impairment Charge
0.66
+29.84%
0.51
+18.50%
0.43
+37.74%
0.31
Operating Gains Losses
-209.26
-4.08%
-201.07
-30.95%
-153.54
-133.21%
-65.84
Gain Loss On Investment Securities
-223.22
+3.84%
-232.13
-33.28%
-174.16
-125.39%
-77.27
Gain Loss On Sale Of PPE
—
—
—
—
Change In Working Capital
17.59
-15.80%
20.89
+74.61%
11.96
+215.19%
-10.39
Change In Prepaid Assets
—
—
—
—
Change In Payables And Accrued Expense
19.61
-57.83%
46.50
+90.78%
24.38
+507.00%
-5.99
Change In Other Current Assets
-8.79
+69.95%
-29.23
-19.21%
-24.52
-125.26%
-10.89
Change In Other Current Liabilities
6.77
+86.75%
3.62
-70.08%
12.11
+86.69%
6.49
Investing Cash Flow
-652.57
-40.07%
-465.87
+39.78%
-773.55
+5.02%
-814.41
Cash Flow From Continuing Investing Activities
-652.57
-40.07%
-465.87
+39.78%
-773.55
+5.02%
-814.41
Capital Expenditure
-242.75
-10.65%
-219.39
+0.77%
-221.10
-6.26%
-208.07
Capital Expenditure Reported
-242.75
-10.65%
-219.39
+0.77%
-221.10
-6.26%
-208.07
Net Investment Purchase And Sale
-2.89
-110.52%
27.49
+184.01%
-32.72
-154.10%
60.48
Purchase Of Investment
-2.89
+38.70%
-4.72
+85.95%
-33.58
-112.08%
-15.83
Sale Of Investment
0.00
-100.00%
32.20
+3640.30%
0.86
-98.87%
76.31
Net Business Purchase And Sale
-45.68
-3.39%
-44.19
-9896.83%
-0.44
+99.74%
-167.73
Purchase Of Business
-45.68
-3.39%
-44.19
-9896.83%
-0.44
+99.74%
-167.73
Net Other Investing Changes
-77.50
-19.07%
-65.09
-140.53%
-27.06
-19.18%
-22.71
Financing Cash Flow
-618.49
+43.45%
-1,093.73
-1094.11%
110.02
+119.16%
-574.11
Cash Flow From Continuing Financing Activities
-618.49
+43.45%
-1,093.73
-1094.11%
110.02
+119.16%
-574.11
Net Issuance Payments Of Debt
168.06
+150.70%
-331.47
-143.08%
769.42
+966.32%
-88.81
Issuance Of Debt
1,141.86
-61.87%
2,994.28
+218.49%
940.14
-35.32%
1,453.43
Repayment Of Debt
-973.80
+70.72%
-3,325.75
-1848.02%
-170.72
+88.93%
-1,542.25
Long Term Debt Issuance
1,141.86
-61.87%
2,994.28
+218.49%
940.14
-35.32%
1,453.43
Long Term Debt Payments
-973.80
+70.72%
-3,325.75
-1848.02%
-170.72
+88.93%
-1,542.25
Net Long Term Debt Issuance
168.06
+150.70%
-331.47
-143.08%
769.42
+966.32%
-88.81
Short Term Debt Issuance
—
—
—
130.00
Short Term Debt Payments
—
—
—
-130.00
Net Short Term Debt Issuance
—
—
—
0.00
Net Common Stock Issuance
-53.21
0.00
0.00
-100.00%
98.37
Common Stock Payments
-53.21
0.00
0.00
—
Common Stock Dividend Paid
-712.84
-3.42%
-689.24
-8.01%
-638.13
-18.38%
-539.03
Cash Dividends Paid
-712.84
-3.42%
-689.24
-8.01%
-638.13
-18.38%
-539.03
Repurchase Of Capital Stock
-53.21
0.00
0.00
—
Net Other Financing Charges
-20.51
+71.91%
-73.01
-243.26%
-21.27
+52.34%
-44.62
Changes In Cash
-64.83
+86.43%
-477.79
-207.72%
443.56
+221.55%
-364.93
Beginning Cash Position
419.69
-53.24%
897.48
+97.72%
453.93
-44.57%
818.86
End Cash Position
354.87
-15.45%
419.69
-53.24%
897.48
+97.72%
453.93
Free Cash Flow
963.48
+11.72%
862.41
-2.66%
885.99
+8.64%
815.52
Interest Paid Supplemental Data
322.94
+0.50%
321.33
+10.56%
290.65
+5.41%
275.73
Income Tax Paid Supplemental Data
0.08
-46.84%
0.16
-35.51%
0.24
-84.03%
1.53
Common Stock Issuance
—
0.00
0.00
-100.00%
98.37
Dividends Received CFI
19.58
+4.78%
18.68
+41.26%
13.23
+116.16%
6.12
Earnings Losses From Equity Investments
13.96
-55.07%
31.06
+50.65%
20.62
+80.36%
11.43
Issuance Of Capital Stock
—
0.00
0.00
-100.00%
98.37
Net Investment Properties Purchase And Sale
-303.32
-65.41%
-183.37
+63.72%
-505.46
-4.76%
-482.50
Purchase Of Investment Properties
-801.42
-4.28%
-768.54
+22.64%
-993.51
-37.50%
-722.54
Sale Of Investment Properties
498.11
-14.88%
585.18
+19.90%
488.06
+103.33%
240.03
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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