Real Estate · Single-Family Residential REITs · US stock · price as of 16 Oct 2026
Key indicators
Price
$27.07
52-week range
$23.45 – $30.55
Market cap
$16.0B
P/E (trailing)
24.8×
EV / EBITDA
–
Free-cash-flow yield
7.5%
Dividend yield
4.4%
Revenue (last 12 months)
$2.9B
Revenue growth (3y a year)
6.8%
Operating margin
–
Return on invested capital
–
Net debt / EBITDA
–
Fair value
Fair value is not shown for this company.
X-Ray Score
57/ 100 · Low confidence · ahead of 69% of sector peers
Valuation50
Growth56
Profitability33
Financial health91
Dividends64
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Invitation Homes is a real estate investment trust that owns and operates a large portfolio of single-family rental homes, mostly in warm-weather markets across the United States. It leases houses to residents, typically on annual terms, and handles maintenance and property management. Revenue comes mainly from rent, with smaller amounts from fees and other services, and results depend on occupancy, local rent trends and operating costs.
The company pays a dividend with a yield of 4.4%. Looking at the numbers, trailing revenue is $2.9 billion, and it expanded at 6.8% a year across three years. The figures describe past results only and are drawn from the latest reported period. Some other measures are not covered here, so this summary is limited to the data above.
StocksXray gives Invitation Homes Inc. an X-Ray Score of 57 out of 100 (low confidence), ahead of 69% of the S&P 500 stocks in its sector. Its strongest lens is financial health (91) and its weakest is profitability (33).
XStocksXray
Invitation Homes Inc. (INVH)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$38.32
$25.66
$30.71
$29.75
$26.87
$27.07
Market cap
$22.2B
$15.7B
$18.8B
$18.3B
$16.5B
$16.0B
P/E
85.2×
40.7×
36.1×
40.2×
28.0×
24.8×
EV / revenue
14.8×
10.4×
11.0×
10.0×
9.1×
8.6×
EV / EBITDA
–
–
–
–
–
–
Price / free cash flow
24.5×
15.3×
17.0×
16.9×
13.7×
13.4×
Free-cash-flow yield
4.1%
6.5%
5.9%
5.9%
7.3%
7.5%
Price / book
2.3×
1.5×
1.9×
1.9×
1.7×
1.8×
Dividend yield
1.77%
3.43%
3.39%
4.74%
4.35%
4.43%
Fundamentals checklist ● 3 Good · ● 1 Average · ● 1 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−2.9%Bad
Risk models
Piotroski F-Score8 of 9Good
Growth
EPS growth (3y)15.1%Good
Revenue growth (3y)6.8%Average
Growth consistency100%Good
XStocksXray
Invitation Homes Inc. (INVH)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
1,997
2,238
2,432
2,619
2,729
2,855
Gross profit
–
–
–
–
–
–
Operating income
–
–
–
–
–
–
Net income
261
383
519
454
588
661
Diluted EPS ($)
0.45
0.63
0.85
0.74
0.96
1.09
Free cash flow
908
1,024
1,107
1,082
1,206
1,200
Gross margin
–
–
–
–
–
–
Operating margin
–
–
–
–
–
–
Net margin
13.1%
17.1%
21.4%
17.3%
21.5%
23.1%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
18,538
18,537
19,221
18,701
18,680
18,448
Cash
610
263
701
174
130
76
Total debt
7,999
7,769
8,546
8,202
8,380
8,527
Equity
9,798
10,291
10,156
9,757
9,530
9,054
Dividend per share ($)
0.68
0.88
1.04
1.41
1.17
1.19
Revenue and net income US$ billions: navy revenue, teal net income
Margins blue gross, teal operating, brown net
Latest quarters
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue ($M)
674
681
688
685
734
748
Growth vs a year earlier
+4.4%
+4.3%
+4.2%
+4.0%
+8.8%
+9.7%
Net income ($M)
166
141
137
145
161
219
Diluted EPS ($)
0.27
0.23
0.22
–
0.26
0.37
XStocksXray
Invitation Homes Inc. (INVH)
Peers in Single-Family Residential REITs
Company
X-Ray
INVH · Invitation Homes Inc.
57
Market Compass outlook for Real Estate: Unfavourable (20/100). It blends regime history, macro sensitivity, momentum and valuation.
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.