(INVH) Invitation Homes - NYSE
Sector: Real Estate | Industry: REIT - Residential | Exchange: NYSE (USA) | Market Cap: 16.877m USD | Total Return: -3% in 12m
Avg Turnover: 184M
EPS Trend: 56.9%
Qual. Beats: 0
Rev. Trend: 99.0%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality
Invitation Homes Inc. (NYSE: INVH) is a leading owner and operator of single-family homes for lease in the United States, operating primarily in 16 core markets concentrated in the Western U.S., Florida, and the Southeast. As of December 31, 2025, the company wholly owns 86,192 homes, jointly owns 8,006 homes, and provides third-party property and asset management services for an additional 15,866 homes. The company is structured as a Single-Family Residential REIT, a specialized real estate investment trust category that focuses on renting detached single-family residences rather than apartment buildings, and benefits from a vertically integrated platform for acquiring, renovating, leasing, and managing properties.
The companys portfolio targets larger family-oriented rental homes averaging approximately 1,880 square feet with three to four bedrooms and two bathrooms, catering to residents seeking more space and stability than typical multifamily housing. Founded in 2012 and headquartered in Dallas, Invitation Homes employs a strategy focused on markets with strong demand drivers, high barriers to entry, and attractive rent growth potential, using both organic acquisitions and strategic mergers and acquisitions to build local density and scale efficiencies. As a REIT, the company is generally required to distribute the majority of its taxable income to shareholders, making dividend yield a key feature of its investment profile.
- Sun Belt migration lifts occupancy and same-store rent growth
- Elevated mortgage rates sustain single-family rental demand
- Property tax increases pressure operating margins in core Western markets
| Net Income: 582.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 1.29 > 1.0 |
| NWC/Revenue: -22.64% < 20% (prev -5.22%; Δ -17.43% < -1%) |
| CFO/TA 0.06 > 3% & CFO 1.20b > Net Income 582.7m |
| Net Debt (8.69b) to EBITDA (1.65b): 5.26 < 3 |
| Current Ratio: 0.37 > 1.5 & < 3 |
| Outstanding Shares: last quarter (606.2m) vs 12m ago -1.16% < -2% |
| Gross Margin: 45.04% > 18% (prev 59.00%; Δ -13.96% > 0.5%) |
| Asset Turnover: 14.96% > 50% (prev 14.25%; Δ 0.71% > 0%) |
| Interest Coverage Ratio: 2.45 > 6 (EBIT TTM 894.1m / Interest Expense TTM 364.4m) |
| A: -0.03 (Total Current Assets 373.0m - Total Current Liabilities 1.00b) / Total Assets 18.7b |
| B: -0.09 (Retained Earnings -1.63b / Total Assets 18.7b) |
| C: 0.05 (EBIT TTM 894.1m / Avg Total Assets 18.6b) |
| D: 0.95 (Book Value of Equity 9.09b / Total Liabilities 9.57b) |
| Altman-Z'' = 0.81 = B |
| DSRI: 1.30 (Receivables 89.1m/65.1m, Revenue 2.79b/2.65b) |
| GMI: 1.31 (GM 59.00% / 45.04%) |
| AQI: 0.07 (AQ_t 0.06 / AQ_t-1 0.96) |
| SGI: 1.05 (Revenue 2.79b / 2.65b) |
| TATA: -0.03 (NI 582.7m - CFO 1.20b) / TA 18.7b) |
| Beneish M = -3.02 (Cap -4..+1) = AA |
As of June 29, 2026, the stock is trading at USD 30.46 with a total of 9,723,532 shares traded. Over the past week, the price has changed by +8.31%, over one month by +4.74%, over three months by +24.23% and over the past year by -3.02%.
Current recommended Stop Loss: 29.60 (which is 2.8% or 1.4 ATR below the current price).
Invitation Homes has received a consensus analysts rating of 3.67. Therefore, it is recommended to hold INVH.
- StrongBuy: 5
- Buy: 6
- Hold: 13
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 32 | 5.1% |
P/E Trailing = 29.9053
P/E Forward = 34.6021
P/S = 6.072
P/B = 1.8564
P/EG = 12.9175
Revenue TTM = 2.79b USD
EBIT TTM = 894.1m USD
EBITDA TTM = 1.65b USD
Long Term Debt = 8.24b USD (from longTermDebt, last quarter)
Short Term Debt = 560.0m USD (from shortTermDebt, last quarter)
Debt = 8.80b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.69b USD (calculated: Debt 8.80b - CCE 114.1m)
Enterprise Value = 25.6b USD (16.9b + Debt 8.80b - CCE 114.1m)
Interest Coverage Ratio = 2.45 (Ebit TTM 894.1m / Interest Expense TTM 364.4m)
EV/FCF = 22.55x (Enterprise Value 25.6b / FCF TTM 1.13b)
FCF Yield = 4.44% (FCF TTM 1.13b / Enterprise Value 25.6b)
FCF Margin = 40.66% (FCF TTM 1.13b / Revenue TTM 2.79b)
Net Margin = 20.89% (Net Income TTM 582.7m / Revenue TTM 2.79b)
Gross Margin = 45.04% ((Revenue TTM 2.79b - Cost of Revenue TTM 1.53b) / Revenue TTM)
Gross Margin QoQ = 55.10% (prev 3.09%)
Tobins Q-Ratio = 1.37 (Enterprise Value 25.6b / Total Assets 18.7b)
Interest Expense / Debt = 4.14% (Interest Expense 364.4m / Debt 8.80b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 706.4m (EBIT 894.1m * (1 - 21.00%))
Current Ratio = 0.37 (Total Current Assets 373.0m / Total Current Liabilities 1.00b)
Debt / Equity = 0.97 (Debt 8.80b / totalStockholderEquity, last quarter 9.09b)
Debt / EBITDA = 5.26 (Net Debt 8.69b / EBITDA 1.65b)
Debt / FCF = 7.66 (Net Debt 8.69b / FCF TTM 1.13b)
Total Stockholder Equity = 9.48b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.13% (Net Income 582.7m / Total Assets 18.7b)
RoE = 6.15% (Net Income TTM 582.7m / Total Stockholder Equity 9.48b)
RoCE = 5.05% (EBIT 894.1m / Capital Employed (Equity 9.48b + L.T.Debt 8.24b))
RoIC = 3.89% (NOPAT 706.4m / Invested Capital 18.1b)
WACC = 5.10% (E(16.9b)/V(25.7b) * Re(6.05%) + D(8.80b)/V(25.7b) * Rd(4.14%) * (1-Tc(0.21)))
Discount Rate = 6.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -77.78 | Cagr: -0.54%
[DCF] Terminal Value 77.97% ; FCFF base≈1.03b ; Y1≈1.19b ; Y5≈1.75b
[DCF] Fair Price = 29.61 (EV 26.3b - Net Debt 8.69b = Equity 17.6b / Shares 594.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 56.88 | EPS CAGR: 11.76% | SUE: -0.81 | # QB: 0
Revenue Correlation: 98.96 | Revenue CAGR: 6.31% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.14 | Chg30d=+7.23% | Revisions=-20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.13 | Chg30d=+10.33% | Revisions=-20% | Analysts=3
EPS current Year (2026-12-31): EPS=0.62 | Chg30d=-9.19% | Revisions=-20% | GrowthEPS=-0.9% | GrowthRev=+4.2%
EPS next Year (2027-12-31): EPS=0.66 | Chg30d=-2.48% | Revisions=-33% | GrowthEPS=+7.6% | GrowthRev=+2.0%
[Analyst] Revisions Ratio: -33%