Real Estate · REIT - Residential
Price
$30.53
Market Cap
$18.1B
Employees
1,750
Beta
0.85
Avg Volume
5,833,375
CEO
Dallas Tanner
Business Description
Invitation Homes stands as the nation's foremost provider of single-family rental properties, catering to evolving lifestyle needs by delivering contemporary, well-maintained residences. These homes boast desirable attributes such as convenient proximity to employment centers and reputable educational institutions. The company's central tenet, "Together with you, we make a house a home," underscores its dedication to fostering environments where individuals and families can genuinely prosper, supported by a personalized service model that continually elevates the tenant experience.
Business History
Price Overview
Price at report time · Jul 4, 4:47am (0m ago)
$30.53
Change · Jul 4
+0.18 (+0.59%)
Day Range
$30.22 – $30.54
52-Week Range
$24.25 – $32.81
50-Day MA
$28.98
200-Day MA
$27.61
Volume
2,143,861.00
Right now · live
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Real-time — the change above is the move since the report (over 0m).
Analyst Price Targets
Low
$27.00
Consensus
$31.69
High
$35.00
(53 analysts)
Share Structure
Outstanding
594,042,000.00
Float
539,526,726.00
Free Float
90.8%
High free float
— 90.8% of shares trade freely, ~9.2% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
31.75
Stock Price: $30.53
EPS (Diluted): 0.96
EPS (Diluted): 0.96
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.79
Stock Price: $30.53
Total Equity: $9.53B
Shares: 613,177,806
Total Equity: $9.53B
Shares: 613,177,806
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
16.25
Market Cap: $18.14B
Total Debt: $8.38B
Cash: $129.97M
EBITDA: $1.47B
Total Debt: $8.38B
Cash: $129.97M
EBITDA: $1.47B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$25.3B
Market Cap: $18.14B
Total Debt: $8.38B
Cash: $129.97M
Total Debt: $8.38B
Cash: $129.97M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
3.7%
Gross Profit: $100.71M
Revenue: $2.73B
Revenue: $2.73B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
27.1%
Operating Income: $740.95M
Revenue: $2.73B
Revenue: $2.73B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
21.5%
Net Income: $587.92M
Revenue: $2.73B
Revenue: $2.73B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
6.1%
Net Income: $587.92M
Total Equity: $9.53B
Total Equity: $9.53B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
4.8%
Operating Income: $740.95M
Tax Rate: 0.0%
Equity: $9.53B
Total Debt: $8.38B
Cash: $129.97M
Tax Rate: 0.0%
Equity: $9.53B
Total Debt: $8.38B
Cash: $129.97M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.52
Current Assets: $569.07M
Current Liabilities: $375.35M
Current Liabilities: $375.35M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.88
Short-Term Debt: $145.00M
Long-Term Debt: $8.24B
Total Debt: $8.38B
Total Equity: $9.53B
Long-Term Debt: $8.24B
Total Debt: $8.38B
Total Equity: $9.53B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$4.45
Revenue: $2.73B
Shares: 613,177,806
Shares: 613,177,806
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$15.54
Total Equity: $9.53B
Shares: 613,177,806
Shares: 613,177,806
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$1.57
Operating CF: $1.21B
CapEx: -$242.75M
Shares: 613,177,806
CapEx: -$242.75M
Shares: 613,177,806
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
4.2%
Last Dividend: N/A
Stock Price: $30.53
Stock Price: $30.53
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $587.92M
Net Income: $587.92M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares INVH against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 4, 2026 4:47am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.2B | $2.4B | $2.6B | $2.7B |
| Cost of Revenue | $777.8M | $874.3M | $976.1M | $1.1B | $2.6B |
| Gross Profit | $1.2B | $1.4B | $1.5B | $1.5B | $100.7M |
| Operating Expenses | $668.0M | $712.1M | $756.6M | $804.9M | -$640.2M |
| Operating Income | $550.9M | $651.7M | $699.5M | $741.2M | $741.0M |
| Net Income | $261.4M | $383.3M | $519.5M | $453.9M | $587.9M |
| EBITDA | $1.2B | $1.3B | $1.5B | $1.5B | $1.5B |
| EPS | $0.45 | $0.63 | $0.85 | $0.74 | $0.96 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 4, 2026 4:47am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $610.2M | $262.9M | $700.6M | $174.5M | $130.0M |
| Total Current Assets | $980.1M | $677.5M | $1.1B | $674.2M | $569.1M |
| Total Assets | $18.5B | $18.5B | $19.2B | $18.7B | $18.7B |
| Current Liabilities | $193.6M | $198.4M | $200.6M | $817.7M | $375.4M |
| Long-Term Debt | $8.0B | $7.8B | $8.5B | $7.6B | $8.2B |
| Total Liabilities | $8.7B | $8.2B | $9.0B | $8.9B | $9.1B |
| Total Equity | $9.8B | $10.3B | $10.2B | $9.8B | $9.5B |
| Retained Earnings | -$794.9M | -$951.2M | -$1.1B | -$1.5B | -$1.6B |
Cash Flow (Annual)
Last updated: Jul 4, 2026 4:47am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $907.7M | $1.0B | $1.1B | $1.1B | $1.2B |
| Capital Expenditure | -$162.8M | -$208.1M | -$221.1M | -$219.4M | -$242.8M |
| Free Cash Flow | $744.8M | $815.5M | $886.0M | $862.4M | $963.5M |
| Acquisitions (net) | -$65.0M | -$167.7M | $-442,000 | -$44.2M | -$45.7M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | -$8.1M | -$10.9M | -$53.2M |
| Net Change in Cash | $407.1M | -$364.9M | $443.6M | -$477.8M | -$64.8M |
Analyst Estimates (Annual)
Last updated: Jul 4, 2026 4:47am (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$2.7B $2.7B – $2.7B
|
$2.9B $2.7B – $3.0B
|
$2.9B $2.8B – $3.1B
|
$3.0B $3.0B – $3.1B
|
| EBITDA |
$1.6B $1.6B – $1.6B
|
$1.7B $1.6B – $1.7B
|
$1.7B $1.6B – $1.8B
|
$1.8B $1.8B – $1.8B
|
| Net Income |
$581.2M $550.9M – $588.9M
|
$495.6M $490.5M – $500.6M
|
$450.8M $437.5M – $464.1M
|
$443.5M $414.7M – $611.3M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 4, 2026 4:47am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +12.1% | +8.7% | +7.7% | +4.2% |
| Gross Profit Growth | +11.9% | +6.8% | +6.2% | -93.5% |
| Operating Income Growth | +18.3% | +7.3% | +6.0% | 0.0% |
| Net Income Growth | +46.6% | +35.5% | -12.6% | +29.5% |
| EBITDA Growth | +12.7% | +15.2% | +0.5% | -4.2% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-07 | Howard Hugh Wyman III | A-Award | 6,559.00 | $0.00 | $0 |
| 2026-05-07 | Sevilla-Sacasa Frances Aldrich | A-Award | 6,559.00 | $0.00 | $0 |
| 2026-05-07 | KELTER JEFFREY E | A-Award | 6,559.00 | $0.00 | $0 |
| 2026-05-07 | Margolis Joseph D | A-Award | 6,559.00 | $0.00 | $0 |
| 2026-05-07 | Fascitelli Michael D | A-Award | 6,559.00 | $0.00 | $0 |
| 2026-05-07 | TAYLOR KEITH D | A-Award | 6,559.00 | $0.00 | $0 |
| 2026-05-07 | Smith Kenny Kellyn | A-Award | 6,559.00 | $0.00 | $0 |
| 2026-05-07 | Barbe, Cohen Jana | A-Award | 6,559.00 | $0.00 | $0 |
| 2026-05-05 | SOLLS MARK A | A-Award | 8,727.00 | $0.00 | $0 |
| 2026-03-01 | Lobner Timothy J. | A-Award | 227,791.00 | $0.00 | $0 |
| 2026-03-01 | Lobner Timothy J. | A-Award | 21,071.00 | $0.00 | $0 |
| 2026-03-01 | Lobner Timothy J. | F-InKind | 730.00 | $26.34 | $19,228 |
| 2026-03-01 | Lobner Timothy J. | F-InKind | 808.00 | $26.34 | $21,283 |
| 2026-03-01 | Lobner Timothy J. | F-InKind | 1,511.00 | $26.34 | $39,800 |
| 2026-03-01 | Eisen Scott G. | A-Award | 170,843.00 | $0.00 | $0 |
| 2026-03-01 | Eisen Scott G. | A-Award | 33,695.00 | $0.00 | $0 |
| 2026-03-01 | Eisen Scott G. | F-InKind | 1,411.00 | $26.34 | $37,166 |
| 2026-03-01 | Eisen Scott G. | F-InKind | 2,017.00 | $26.34 | $53,128 |
| 2026-03-01 | Olsen Jonathan S. | A-Award | 189,826.00 | $0.00 | $0 |
| 2026-03-01 | Olsen Jonathan S. | A-Award | 25,627.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jul 4, 2026 4:47am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-25 | $0.30 | 2026-06-11 | 2026-06-25 | 2026-07-17 |
| 2026-03-26 | $0.30 | 2026-03-13 | 2026-03-26 | 2026-04-17 |
| 2025-12-23 | $0.30 | 2025-12-12 | 2025-12-23 | 2026-01-16 |
| 2025-09-25 | $0.29 | 2025-09-12 | 2025-09-25 | 2025-10-17 |
| 2025-06-26 | $0.29 | 2025-06-13 | 2025-06-26 | 2025-07-18 |
| 2025-03-27 | $0.29 | 2025-03-14 | 2025-03-27 | 2025-04-17 |
| 2024-12-26 | $0.29 | 2024-12-13 | 2024-12-26 | 2025-01-17 |
| 2024-09-26 | $0.28 | 2024-09-13 | 2024-09-26 | 2024-10-18 |
| 2024-06-27 | $0.28 | 2024-06-14 | 2024-06-27 | 2024-07-19 |
| 2024-03-27 | $0.28 | 2024-03-15 | 2024-03-28 | 2024-04-19 |
| 2023-12-26 | $0.28 | 2023-12-08 | 2023-12-27 | 2024-01-19 |
| 2023-11-06 | $0.26 | 2023-10-20 | 2023-11-07 | 2023-11-22 |
| 2023-08-07 | $0.26 | 2023-07-21 | 2023-08-08 | 2023-08-25 |
| 2023-05-09 | $0.26 | 2023-04-28 | 2023-05-10 | 2023-05-26 |
| 2023-02-13 | $0.26 | 2023-02-03 | 2023-02-14 | 2023-02-28 |
| 2022-11-07 | $0.22 | 2022-10-21 | 2022-11-08 | 2022-11-23 |
| 2022-08-08 | $0.22 | 2022-07-22 | 2022-08-09 | 2022-08-26 |
| 2022-05-09 | $0.22 | 2022-04-22 | 2022-05-10 | 2022-05-27 |
| 2022-02-11 | $0.22 | 2022-02-04 | 2022-02-14 | 2022-02-28 |
| 2021-11-08 | $0.17 | 2021-10-22 | 2021-11-09 | 2021-11-24 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for INVH — it's generated by the pipeline (
market-narrative step).
No community reviews yet for INVH.
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.375 · 8810b4cb · 2026-07-03 16:26:33