Invitation Homes Inc. (INVH) Stock

Invitation Homes Inc. (INVH) is a Real Estate stock trading at $30.11 (as of 2026-08-21), with a market capitalization of $17.78B and a trailing P/E of 26.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Invitation Homes operates a single-family home leasing business, providing access to updated rental homes with features intended to support residents’ needs. The company provides leasing and property services to individuals and families who rent its homes.

Understand Invitation Homes Inc.: how it makes money

Invitation Homes leases single-family homes, generating most of its revenue from rental revenues, with additional income from value-add activities, homebuilding, and management fees.

The company’s profit model is primarily built around recurring rental revenue from leasing single-family homes, with smaller supplemental revenue streams from value-add services and related activities.

Revenue by segment (latest quarter)
Rent$0.6B
ValueAdd$0.1B
Build$0.0B
MgmtFees$0.0B

Business quality (Solid): Good clarity on the revenue mix for the quarter ended 2026-03-31, but limited insight here on profitability because gross margin and operating margin are not provided.

Valuation: At 30× earnings, INVH trades 13% below the Real Estate average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Recurring core business: Rental revenues are the largest component of total revenue, supporting the idea that the leasing business is the main earnings driver.
  • Revenue diversification beyond rent: Value-Add Revenues and Management fee revenues provide additional streams alongside rentals, which can broaden what drives results.

Bear case

  • Dependence on the rental stream: Because Rental revenues represent the bulk of revenue, deterioration in rental conditions could weigh more on results than the smaller revenue lines.
  • Smaller, potentially less consistent contributors: Homebuilding revenues and Value-Add Revenues are smaller parts of revenue, so they may not fully offset weakness if the rental business softens.
Valuation — source: SEC EDGAR (first-party)
Price$30.11
Market Cap$17.78B
P/E Ratio26.9
Price / Book1.96
Price / Sales6.23
DCF Value (model)$53.22
DCF Upside vs Price76.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.73B
Net Margin21.5%
Revenue Growth (YoY)9.7%
EPS Growth (YoY)60.9%
Valuation vs Sector & Industry
Stock P/E26.9
Sector P/E (Real Estate)27.2
Industry P/E (Real Estate)29.6
vs Sector-0.9%
vs Industry-9.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($2.62B)
Institutional Holders Tracked10
Congressional Trades (recent)7
Company
SectorReal Estate
IndustryReal Estate
CEODallas Tanner
Employees1,750
CountryUS
IPO Date2017-02-01

Related Companies (Real Estate; 8 comparable real estate companies)

  • Forestar Group Inc. (FOR)
  • Hudson Pacific Properties, Inc. (HPP)
  • Millrose Properties, Inc. (MRP)
  • Piedmont Office Realty Trust, Inc. (PDM)
  • Kennedy-Wilson Holdings, Inc. (KW)
  • Ellington Financial Inc. (EFC)
  • Terreno Realty Corporation (TRNO)
  • Urban Edge Properties (UE)
INVH earnings history · INVH institutional & insider holders · INVH KPIs & operating metrics · INVH financials · INVH investor presentations & press releases · INVH SEC filings · INVH peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.