Invitation Homes Inc. (INVH)

Invitation Homes Inc., an S&P 500 company, is the nation's premier single-family home leasing and management company, helping to expand housing through new development and strategic partnerships. Their purpose, Unlock the Power of Home, reflects their commitment to address America's housing needs by delivering high-quality living solutions and genuine care to those who choose the flexibility and value of leasing. Invitation Homes Inc. was incorporated in 6th June 2012 and is based in Dallas, United States.

Symbol: INVH
Exchange: NYSE
Sector: Real Estate
Industry: REIT - Residential
Market cap: $15.38B
52 week range: 24.25 - 30.89

Valuation

Share price: $26.04 (close of 2026-10-02)
P/E (TTM): 23.89x
Price to book: 1.69x
Price to free cash flow: 12.82x
Enterprise value: $23.83B
Book value per share: $15.40

Price performance

Period	Change
1 day	-1.36%
5 days	-2.18%
1 month	-9.71%
3 months	-14.71%
6 months	+1.92%
Year to date	-6.30%
1 year	-9.27%
3 years	-16.78%
5 years	-32.90%
All time	+30.20%

Members of Congress who disclosed INVH trades

Gilbert Ray Cisneros · Alan Armstrong

Super investors holding INVH

Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity: 6.14%
Return on assets: 3.15%
Net margin: 21.54%
EBITDA margin: 61.85%
Revenue growth: 4.21%
Net income growth: 29.52%
Free cash flow growth: 11.50%

Cash flow and balance sheet

Free cash flow yield (TTM): 7.80%
Net debt to EBITDA: 4.70x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $2.73B
EBITDA: $1.69B
Net income: $587.92M
Earnings per share: $0.96
Interest expense: $353.33M
Shares outstanding: 612.95M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$2.73B	-	$587.92M	$0.96
2024-12-31	$2.62B	-	$453.92M	$0.74
2023-12-31	$2.43B	-	$519.47M	$0.85
2022-12-31	$2.24B	-	$383.33M	$0.63
2021-12-31	$2.00B	-	$261.43M	$0.45
2020-12-31	$1.82B	-	$196.21M	$0.35
2019-12-31	$1.76B	-	$145.46M	$0.27
2018-12-31	$1.72B	-	-$4.93M	$-0.01
2017-12-31	$1.05B	$285.95M	-$105.34M	$0.00
2016-12-31	$44.60M	-	-$78.24M	$0.00

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	-	21.54%	6.14%	-
2024-12-31	-	17.33%	4.64%	-
2023-12-31	-	21.36%	5.10%	-
2022-12-31	-	17.13%	3.71%	-
2021-12-31	-	13.09%	2.66%	-
2020-12-31	-	10.76%	2.29%	-
2019-12-31	-	8.24%	1.76%	-
2018-12-31	-	-0.29%	-0.06%	-
2017-12-31	27.12%	-9.99%	-1.22%	0.65%
2016-12-31	-	-175.44%	-4.00%	10.84%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$129.97M	$8.38B
2024-12-31	$174.49M	$8.20B
2023-12-31	$700.62M	$8.55B
2022-12-31	$262.87M	$7.77B
2021-12-31	$610.17M	$8.00B
2020-12-31	$213.42M	$8.03B
2019-12-31	$92.26M	$8.47B
2018-12-31	$144.94M	$9.25B
2017-12-31	$179.88M	$9.65B
2016-12-31	$198.12M	-

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$1.21B	$27.83M
2024-12-31	$1.08B	$27.92M
2023-12-31	$1.11B	$29.50M
2022-12-31	$1.02B	$28.96M
2021-12-31	$907.66M	$27.17M
2020-12-31	$696.71M	$17.09M
2019-12-31	$662.13M	$18.16M
2018-12-31	$557.21M	$29.50M
2017-12-31	$258.88M	$81.20M
2016-12-31	$252.20M	$10.21M

Dividend history

Most recent payment: 2026-09-24
Paid in the last twelve months: $1.20

Payment date	Dividend per share
2026-09-24	$0.30
2026-06-25	$0.30
2026-03-26	$0.30
2025-12-23	$0.30
2025-09-25	$0.29
2025-06-26	$0.29
2025-03-27	$0.29
2024-12-26	$0.29

Investor relations

Next earnings report

Next confirmed report: 2026-11-04
Consensus EPS estimate: $0.47

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-29	Jun/2026	$0.48
2026-04-29	Mar/2026	$0.46
2026-02-18	Dec/2025	$0.47
2025-10-29	Sep/2025	$0.46
2025-07-30	Jun/2025	$0.47
2025-04-30	Mar/2025	$0.46
2025-02-26	Dec/2024	$0.46
2024-10-30	Sep/2024	$0.45

Filings and sources

Company website: invitationhomes.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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