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Invitation Home

INVH Real Estate Reit Residential

Invitation Home’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, up 4.21% from fiscal 2024. In the quarter to June 2026, revenue grew 9.71%, EPS grew 60.9%, free cash flow grew 42.0% and total debt fell 15.4%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten.

27.07 0.27 +1.01%
Market cap
$15.8B
P/E
24.8×
Fwd P/E
39.7×
Dividend yield
4.43%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 1.20%

Capital & Financial Ratios $m

Market Cap 15,830.00
Revenue 2,855.08
Net Income 662.98
Free Cash Flow 1,612.68
Net Debt 4,234.98
Current Ratio 0.02
Debt/Equity 0.47
P/E ratio 24.83
Fwd P/E 39.70 (above 35: high)
P/S ratio 5.62
P/B ratio 1.76
Past 5Y EPS Growth 22.36% (at or above 15%: strong)
This Y EPS Growth 4.79%
Next Y EPS Growth (26.18%) (below 0%: weak)
Next Y revenue growth 8.71%
Next 5Y EPS Growth (7.00%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 7.1×, against a ten-year median of 12.8×; over the ten years it ranged from 6.9× in 2026 to 17.5× in 2018.
P/E against its own 10 years 1.00%
10-year low 10-year high
P/S against its own 10 years 1.63%
10-year low 10-year high
P/B against its own 10 years 23.42%
10-year low 10-year high
EV/Sales against its own 10 years 1.18%
10-year low 10-year high
EV/FCF against its own 10 years 0.74%
10-year low 10-year high

Dividends

Payout Ratio 1.10
Annual Dividend Rate 1.20
Annual Dividend Yield 4.43%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.20
0.30
0.30
0.30
2025 1.17
0.29
0.29
0.29
0.30
2024 1.13
0.28
0.28
0.28
0.29
2023 1.32
0.26
0.26
0.26
0.26
0.28
2022 0.88
0.22
0.22
0.22
0.22
2021 0.68
0.17
0.17
0.17
0.17
2020 0.60
0.15
0.15
0.15
0.15
2019 0.52
0.13
0.13
0.13
0.13
2018 0.44
0.11
0.11
0.11
0.11
2017 0.22
0.06
0.08
0.08
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 701 174 130 76
Receivables — — — —
Inventory — — — —
Other — — — —
701 174 130 76
2023 2024 2025 Q'26
Payables 201 248 230 325
ST’ Debt — — — 280
Other — — — —
3,506 4,048 4,629 5,008

Compound Annual Growth %

10y 5y 3y
Sales 12.56% 8.41% 6.84%
Cash Flow 19.84% 11.60% 5.63%
Earnings 0.00% 24.56% 15.33%
Book Value 17.63% 2.26% (2.50%)

Revenue $m

Mar Jun Sep Dec Year
’26 734 748 — — —
’25 674 681 688 685 2,729
’24 646 653 660 659 2,619
’23 590 600 618 624 2,432
’22 532 557 569 580 2,238
’21 475 492 510 520 1,997
’20 450 450 459 464 1,823
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 293 384 — — —
’25 301 382 395 129 1,206
’24 266 370 314 133 1,082
’23 318 281 421 88 1,107
’22 235 317 352 120 1,024
’21 241 230 312 125 908
’20 178 218 230 71 697
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 412 607 — — —
’25 412 428 406 188 1,433
’24 345 396 324 353 1,417
’23 350 352 490 151 1,344
’22 206 297 326 105 933
’21 253 245 302 99 899
’20 230 249 286 76 841
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.26 0.37 — — —
’25 0.27 0.23 0.22 0.24 0.96
’24 0.23 0.12 0.15 0.23 0.74
’23 0.20 0.22 0.21 0.21 0.85
’22 0.15 0.18 0.13 0.16 0.63
’21 0.10 0.11 0.12 0.12 0.45
’20 0.09 0.08 0.06 0.12 0.35
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — 19.80 19.21 19.57 15.64 27.44 29.07 28.49 31.01 26.02

Analyst estimates 2026–2028

Powerpack
High — 24.30 23.97 31.32 32.70 45.80 45.72 36.54 37.80 35.80
People
People Employees 884 1,445 1,231 1,140 1,149 1,240 1,511 1,555 1,750 1,725
Revenue/emp, $m 1.04 0.73 1.40 1.55 1.59 1.61 1.48 1.56 1.50 1.58
Income, $m
Income, $m Revenue 923 1,054 1,723 1,765 1,823 1,997 2,238 2,432 2,619 2,729
Gross margin, % 57.64 58.76 58.16 58.54 59.45 61.05 60.94 59.87 59.04 58.42
EBT (97) (140) (55) 51 143 203 294 337 211 372
EBT margin, % (10.50) (13.25) (3.17) 2.88 7.84 10.16 13.14 13.88 8.05 13.62
Net income (78) (106) (5) 147 197 263 385 521 455 590
Depreciation 332 345 608 591 584 612 655 692 736 772
Per share, $
Per share, $ Revenue 2.98 3.11 3.31 3.32 3.29 3.46 3.67 3.98 4.28 4.45
Earnings (0.25) 0.26 (0.01) 0.27 0.35 0.45 0.63 0.85 0.74 0.96
Cash flow 0.83 0.77 1.08 1.25 1.26 1.57 1.68 1.81 1.77 1.97
Capex 0.12 0.32 0.58 1.19 0.26 (0.01) (0.15) 0.39 0.55 0.37
Free cash flow 0.94 1.09 1.66 2.44 1.52 1.56 1.53 2.20 2.31 2.34
Book value 6.31 25.48 16.08 15.56 15.44 17.03 16.93 16.65 15.99 15.61
Shares, m 310 339 520 531 554 578 610 612 613 613
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 111.00 82.50 100.76 47.19 40.26 43.20 28.95
P/S 0.00 7.56 6.06 9.02 9.03 13.12 7.97 8.71 7.48 6.24
P/B 0.00 0.92 1.25 1.93 1.92 2.66 1.73 2.08 2.00 1.78
EV/Sales 8.08 16.68 11.44 16.31 15.51 17.05 10.58 10.65 9.38 7.72
EV/FCF 27.57 47.50 22.81 22.21 33.63 37.86 25.36 19.28 17.33 14.70
Cash, $m
Cash, $m Operating cash flow 256 263 561 662 697 908 1,024 1,107 1,082 1,206
Capex 36 107 303 634 144 (9) (90) 237 335 227
Free cash flow 293 370 865 1,296 841 899 933 1,344 1,417 1,433
Balance, $m
Balance, $m Working capital 110 (14) (25) (94) 64 (1,505) (2,454) (2,805) (3,874) (4,499)
Total debt 7,657 9,798 9,399 8,615 8,189 6,242 5,426 5,421 4,582 4,166
Net debt 7,459 9,618 9,254 8,523 7,976 5,632 5,164 4,720 4,408 4,036
Shareholders’ equity 1,957 8,650 8,369 8,266 8,556 9,839 10,324 10,190 9,793 9,568
Returns, %
Returns, % ROA (0.80) (0.74) (0.03) 0.82 1.12 1.45 2.06 2.75 2.39 3.14
ROIC 1.27 0.40 1.14 1.51 1.77 2.19 2.51 2.90 2.90 3.40
ROE (4.07) (1.99) (0.07) 1.74 2.33 2.84 3.80 5.06 4.54 6.06
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Invitation Home vs peers in Reit Residential (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
VMRK Vivmark Residential $47.3B 26.5× 49.7× +2.11% (above 0%: growing) −41.18% (below 0%: shrinking) +298.73% (above 0%: growing) 61.38% 25.75% Compare
ESS Essex Property Trust, Inc. $17.9B 41.9× 47.4× +4.09% (above 0%: growing) −71.80% (below 0%: shrinking) +21.02% (above 0%: growing) 68.42% 22.36% Compare
UDR United Dominion Realty Trust, Inc. $17.9B 21.7× 46.5× 0.00% +90.91% (above 0%: growing) −27.77% (below 0%: shrinking) 62.41% 27.23% Compare
INVH Invitation Home $15.8B 24.8× 39.7× +9.71% (above 0%: growing) +60.87% (above 0%: growing) +41.97% (above 0%: growing) 55.10% 24.62%
SUI Sun Communities, Inc. $14.1B — (loss-making) 54.0× +8.02% (above 0%: growing) n/m −12.76% (below 0%: shrinking) 55.40% 12.25% Compare
MAA Mid-America Apartment Communities, Inc. $13.8B 34.1× 40.5× +0.95% (above 0%: growing) +13.04% (above 0%: growing) −3.86% (below 0%: shrinking) 57.37% 25.36% Compare
CPT Camden Property Trust $13.3B 32.7× 102× −0.90% (below 0%: shrinking) −75.68% (below 0%: shrinking) −1,195.62% (below 0%: shrinking) 64.13% 12.20% Compare
ELS Equity Lifestyle Properties, Inc. $12.1B 29.4× 30.8× +5.56% (above 0%: growing) +19.05% (above 0%: growing) +14.74% (above 0%: growing) 51.52% 32.00% Compare
AMH American Homes 4 Rent $11.1B 24.8× 44.5× +2.75% (above 0%: growing) +10.71% (above 0%: growing) +24.76% (above 0%: growing) 58.35% 25.92% Compare
Median of peers $14.0B 29.4× 47.0× +2.43% +10.71% +5.44% 59.87% 25.56%

All 19 Reit Residential stocks →

INVH metrics, ten years each

Invitation Home (INVH) key facts

  • Strength: Invitation Home’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, up 4.21% from fiscal 2024.
  • Invitation Home (INVH) is a Reit Residential company in the Real Estate sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, INVH traded at $27.07, a market capitalization of $15.8 billion.
  • Invitation Home pays an annual dividend of $1.20 per share, a yield of 4.43%, with a payout ratio of 110.1%.
  • Return on equity was 6.06% and debt-to-equity 0.47.
  • Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Invitation Home (INVH) Latest News

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stockrow.com/INVH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com