10x Insights
Loading account…
Companies / Real Estate / Invitation Homes
INVH

Invitation Homes

Real EstateReal EstateS&P 500
Ticker INVHDALLAS, TXFiscal year ends DecemberBook value per share $15.11Diluted shares 599.3M

Invitation Homes Inc. (NYSE: INVH) is a real estate investment trust that owns, operates, and leases single-family homes and provides property and asset management services for homes owned by joint ventures and third parties. Its residents include individuals and families seeking rental homes; the company focuses on… From the company’s description.

In fiscal 2025, Invitation Homes reported revenue of $2.73B, up 4.2% from fiscal 2024, and net income of $589.91M. Its operating margin was 14.2%, and operations generated $1.21B in cash. Over the twelve months to Jun 30, 2026, revenue was $2.86B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.73BFY2025
+4.2% year over year
Last 12 mo $2.86B
14.20%FY2025
+3 percentage points
Last 12 mo 12.49%
$589.91MFY2025
+29.5% year over year
Last 12 mo $662.98M
6.17%FY2025
+1.5 percentage points
Last 12 mo 7.30%
Cash & financing
$1.21BFY2025
+11.5% year over year
Last 12 mo $1.20B
$935.15MFY2025
+12.4% year over year
Last 12 mo $943.70M
0.90FY2025
Was 0.86× a year earlier
Last 12 mo 0.94
613.2MFY2025
−0.1% year over year
Last 12 mo 599.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Invitation Homes does

In the company’s own words

Invitation Homes Inc. (NYSE: INVH) is a real estate investment trust that owns, operates, and leases single-family homes and provides property and asset management services for homes owned by joint ventures and third parties. Its residents include individuals and families seeking rental homes; the company focuses on homes in neighborhoods across the United States, with operations primarily in 16 core markets. Its vertically integrated platform covers home acquisition and development, renovation, leasing, maintenance, and resident services, and it also finances homebuilders through a developer lending program. As of December 31, 2025, Invitation Homes wholly owned 86,192 homes, jointly owned 8,006 homes, and managed another 15,866 homes for others. It had 1,725 full-time associates at that date. In January 2026, it acquired ResiBuilt Homes, adding in-house land development and construction capabilities for single-family rental communities. The company was founded in 2012. Its website is www.invitationhomes.com.

Company details
Sector
Real Estate
Industry (SIC)
Real Estate
Headquarters
DALLAS, TX
Fiscal year end
December
CIK
1687229
SIC
6510

Financial performance, year by year

Fiscal 2017–2025 · USD
$-401.92M$486.35M$1.37B$2.26B$3.15B201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Invitation Homes — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

574
funds hold it
0 of 35
superinvestors hold it
$7.20B
held by funds, at market
41.1%
of shares held by funds
8
bond issues held by funds

Largest fund holders · Invitation Homes’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.22%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.38%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Invitation Homes’s bonds, as funds hold them

Funds report holding 8 issues of Invitation Homes’s debt, $959.02M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.07%, maturing 2028 to 2035.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Invitation Homes and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Invitation Homes's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Invitation Homes's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.