Invitation Homes Earnings: Firm Remains a Net Seller of Homes to Fund Share Repurchases
Invitation Homes reported core funds from operations of $0.48 per share and same-store net operating income growth of 1.1% for the third 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
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Invitation Homes Announces Dates for Third Quarter 2026 Earnings Release and Webcast
Invitation Homes Announces Cash Dividend
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Invitation Homes Names Chief Technology Officer
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Trading Information
- Previous Close Price
- $27.20
- Day Range
- $26.79–27.16
- 52-Week Range
- $24.25–30.83
- Bid/Ask
- $27.15 / $27.16
- Shares Outstanding
- 576.15M
- Market Cap
- $15.62B
- Volume/Avg
- 1M / 5M
Key Statistics
- Price/Earnings (Normalized)
- 46.12
- Price/Sales
- 5.63
- Dividend Yield (Trailing)
- 4.41%
- Dividend Yield (Forward)
- 4.41%
- Dividend Payment Schedule
- Jan, Apr, Jul, Oct
- Total Yield
- 4.75%
Company Profile
Invitation Homes owns a portfolio of over 85,000 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 $375,000 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 two-thirds 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
- Small Core
- Total Number of Employees
- 1,725
Competitors
Valuation
Metric | INVH | VMRK | ESS |
|---|---|---|---|
Price/Earnings (Normalized) | 46.12 | 47.86 | 53.31 |
Price/Book Value | 1.79 | 1.43 | 3.35 |
Price/Sales | 5.63 | 8.35 | 9.11 |
Price/Cash Flow | 13.76 | 22.19 | 17.16 |
Price/Earnings
INVH
VMRK
ESS
Financial Strength
Metric | INVH | VMRK | ESS |
|---|---|---|---|
Quick Ratio | 0.23 | 0.15 | 0.50 |
Current Ratio | 0.67 | 0.25 | 0.52 |
Interest Coverage | 2.84 | 0.62 | 2.35 |
Quick Ratio
INVH
VMRK
ESS
Profitability
Metric | INVH | VMRK | ESS |
|---|---|---|---|
Return on Assets (Normalized) | 3.95% | 0.54% | 2.72% |
Return on Equity (Normalized) | 7.97% | 0.95% | 6.51% |
Return on Invested Capital (Normalized) | 5.69% | 1.64% | 4.35% |
Return on Assets
INVH
VMRK
ESS
REIT - Residential Industry Comparables
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| Vivmark Residential VMRK | LOCK|#%Zgf&Q | LOCK|NZJ | $51B | |||
| Essex Property Trust Inc ESS | LOCK|XBlbBz? | LOCK|FQ# | $18B | |||
| Sun Communities Inc SUI | LOCK|Z$CD!& | LOCK|BL> | $14B | |||
| Mid-America Apartment Communities Inc MAA | — | LOCK|@Hp | $14B | |||
| Equity Lifestyle Properties Inc ELS | LOCK|!l&WWL | LOCK|<> | $12B | |||
| American Homes 4 Rent Class A AMH | — | LOCK|?# | $12B | |||
| UDR Inc UDR | — | LOCK|c@B | $12B | |||
| Janus Living Inc Ordinary Shares - Class A-1 JAN | — | LOCK|&# | $11B | |||
| Camden Property Trust CPT | — | LOCK|!k | $10B |
United States