Invitation Homes (INVH)
Real Estate · Single-family rental real estate
A vertically integrated single-family rental REIT operating over 86,000 wholly-owned homes across high-growth US markets, capturing the rising demand for flexible, high-quality residential leasing.
What Invitation Homes does
Invitation Homes is a leading REIT that owns and operates single-family homes for lease across the United States. As of December 31, 2025, the company wholly owns 86,192 homes and jointly owns 8,006 homes, primarily located in 16 core markets, while also providing third-party property and asset management services for an additional 15,866 homes. The company offers residents high-quality homes in sought-after neighborhoods, with an average portfolio composition of approximately 1,880 square feet, three to four bedrooms, and two bathrooms. Through its vertically integrated operating platform, Invitation Homes handles all aspects of property acquisition, renovation, leasing, maintenance, and management for both owned and managed properties.
Themes: ["Single-family rental (SFR)","Real estate investment trust (REIT)","Residential property management","Housing demand","Operational scale and density"]
Fundamentals
- Price$29.37 as of 2026-07-09 close
- Market cap$17.5B as of 2026-07-10
- 1-year return-8.1% as of 2026-07-09 close
- P/E30.08 as of 2026-07-10
- Net margin+20.9% as of 2026-07-10
- Gross margin+57.3% as of 2026-07-10
- ROE+6.2% as of 2026-07-10
- Debt / equity0.97 as of 2026-07-10
- Revenue growth (YoY)+5.3% as of 2026-07-10
- Revenue CAGR (3y)+6.8% SEC XBRL
- Beta0.84 as of 2026-07-10
Dividend: yield +4.0%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Resident default risk and non-renewals, which directly impact rental revenues and occupancy rates","Rising operating costs including property taxes, homeowners' association fees, and insurance costs that reduce margins","Macroeconomic sensitivity to inflation, interest rate fluctuations, and potential recession impacting both resident demand and financing costs"]
Competitors & peers
- American Homes 4 Rent (AMH)
- Atmos Energy
- Tricon Residential
- Main Street Renewal
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.