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Invitation Homes Earnings: Same-Store NOI Declines but Occupancy Shows Sequential Improvement
Invitation Homes reported core funds from operations of $0.48 per share and a same-store net operating income decline of 0.7% for the first quarter.
Invitation Homes Inc INVH
Bulls Say, Bears Say
Bulls
Positive demographic trends should fuel strong demand for single-family rentals as millennials, a population that has pushed back major life decisions such as marriage and homeownership, continue to move into the suburbs.
Bears
Higher home prices due to housing shortages means that Invitation Homes must also pay higher prices to acquire new homes, limiting accretive external growth opportunities.
News
-
Invitation Homes to Participate in Nareit’s REITweek 2026 Investor Conference
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Invitation Homes Reports First Quarter 2026 Results
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Invitation Homes Announces Dates for First Quarter 2026 Earnings Release and Conference Call
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Invitation Homes Announces Cash Dividend
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Why Trump banning institutional investors like Blackstone from buying homes won't bring down housing costs, according to experts
Articles & Videos
Trading Information
- Previous Close Price
- $29.48
- Day Range
- $29.46–30.12
- 52-Week Range
- $24.25–34.25
- Bid/Ask
- $29.51 / $29.97
- Shares Outstanding
- 594.04M
- Market Cap
- $17.85B
- Volume/Avg
- 6M / 6M
Key Statistics
- Price/Earnings (Normalized)
- 50.69
- Price/Sales
- 6.59
- Dividend Yield (Trailing)
- 3.93%
- Dividend Yield (Forward)
- 3.99%
- Total Yield
- 4.23%
Company Profile
Invitation Homes owns a portfolio of over 86,000 single-family rental homes. The company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price of around $350,000 and generally less than 1,800 square feet. The portfolio is spread across 17 target markets that feature high employment and household formation growth, with over 70% of the portfolio in the Western US and Florida; 15 of the 17 markets feature average rents lower than homeownership costs.
- Sector
- Real Estate
- Industry
- REIT - Residential
- Stock Style Box
- Mid Core
- Total Number of Employees
- 1,725
- Website
- https://www.invitationhomes.com
Competitors
Valuation
|
Metric
|
INVH
|
EQR
|
ESS
|
|---|---|---|---|
Price/Earnings (Normalized) | 50.69 | 44.79 | 48.21 |
Price/Book Value | 1.96 | 2.40 | 3.38 |
Price/Sales | 6.59 | 8.52 | 9.64 |
Price/Cash Flow | 15.44 | 16.88 | 17.16 |
Price/Earnings
INVH
EQR
ESS
Financial Strength
|
Metric
|
INVH
|
EQR
|
ESS
|
|---|---|---|---|
Quick Ratio | 0.25 | 0.03 | 0.72 |
Current Ratio | 0.79 | 0.11 | 0.74 |
Interest Coverage | 2.60 | 4.02 | 3.24 |
Quick Ratio
INVH
EQR
ESS
Profitability
|
Metric
|
INVH
|
EQR
|
ESS
|
|---|---|---|---|
Return on Assets (Normalized) | 3.30% | 4.91% | 4.36% |
Return on Equity (Normalized) | 6.47% | 9.31% | 10.32% |
Return on Invested Capital (Normalized) | 5.05% | 6.41% | 6.10% |
Return on Assets
INVH
EQR
ESS
REIT - Residential Industry Comparables
|
1-Day Chart
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United States