profit from every $100 of sales.
$0$100
Invitation Homes
$26.88-0.78% today
-6.1% in 1 year
1-year low $24.391-year high $30.59
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $26.44 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Invitation Homes sold, what it kept, and what it did with the cash.
Sales went from $2.24 billion in 2022 to $2.73 billion in 2025, with $588 million of profit last year.
SalesProfit
Invitation Homes handed back 80% of the cash it generated last year.
$713M
Free cash flow 2025$963M
Bought back its own shares$53M
Paid as dividends$713M
Cash vs. debt$130M vs. $8.4B
Invitation Homes vs. similar companies
Invitation Homes grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Invitation Homes | 26.4× · Fair price | ||
 AvalonBay Communities | 25.0× · Fair price | ||
 Equity Residential | 22.0× · Fair price | ||
 Essex Property | 28.2× · Fair price | ||
 Sun Communities | 10.8× · Cheap |
AI analysis
An AI analyst reads Invitation Homes's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,823 | 1,997 | 2,238 | 2,432 | 2,619 | 2,729 | |
| – | – | 1,364 | 1,456 | 1,546 | 1,595 | |
| – | – | 652 | 700 | 741 | 752 | |
| – | – | 1,327 | 1,529 | 1,536 | 1,690 | |
| 196 | 261 | 383 | 519 | 454 | 588 | |
| 0.35 | 0.45 | 0.63 | 0.85 | 0.74 | 0.96 | |
| – | – | 60.9% | 59.9% | 59.0% | 58.4% | |
| – | – | 29.1% | 28.8% | 28.3% | 27.6% | |
| 10.8% | 13.1% | 17.1% | 21.4% | 17.3% | 21.5% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 17,506 | 18,538 | 18,537 | 19,221 | 18,701 | 18,680 |
| Cash | 213 | 610 | 263 | 701 | 174 | 130 |
| Total debt | 8,032 | 7,999 | 7,769 | 8,546 | 8,202 | 8,380 |
| Total liabilities | 8,950 | 8,699 | 8,213 | 9,031 | 8,908 | 9,112 |
| 8,505 | 9,798 | 10,291 | 10,156 | 9,757 | 9,530 | |
| 555 | 579 | 611 | 613 | 614 | 613 | |
| – | – | 3.0% | 3.6% | 3.6% | 4.2% | |
| 2.3% | 2.7% | 3.7% | 5.1% | 4.7% | 6.2% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 697 | 908 | 1,024 | 1,107 | 1,082 | 1,206 | |
| – | – | 208 | 221 | 219 | 243 | |
| – | – | 816 | 886 | 862 | 963 | |
| Dividends paid | 332 | 394 | 539 | 638 | 689 | 713 |
| – | – | – | 0 | 0 | 53 | |
| 17 | 27 | 29 | 30 | 28 | 28 |
Valuation
- 26.4×
- 36.7×
- 1.18
- 1.9×
- 5.7×
- 16.1×
- 14.1×
- 6.2%
- 3.8%
- 4.1%
Profitability
- 58.4%
- 27.6%
- 21.5%
- 52.9%
- 4.8%
- 2.4%
- 6.1%
- 3.1%
- 4.9%
- –
Growth
- +8.4%
- +22.4%
- +11.7%
- +14.3%
- +1.5%
Financial health
- 5.9×
- 0.97
- 47.1%
- 2.4×
- 0.37
- 0.37
- 0.15
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 45%of 746
Bottom 39%of 752
Bottom 26%of 666
Top 46%of 762
Top 45%of 763
What analysts expect
- Average price target
- $32.22
- Range
- $27.00 – $40.00
- 7 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 29, 2026 | 0.26 | 0.18 | +46.3% |
| Feb 18, 2026 | 0.27 | 0.18 | +48.2% |
| Oct 29, 2025 | 0.22 | 0.47 | −53.2% |
| Jul 30, 2025 | 0.23 | 0.48 | −52.1% |
| Apr 30, 2025 | 0.27 | 0.47 | −42.6% |
| Feb 26, 2025 | 0.23 | 0.47 | −51.1% |
| Oct 30, 2024 | 0.15 | 0.17 | −11.8% |
| Jul 24, 2024 | 0.12 | 0.18 | −33.3% |
4.1%of the share price, paid each year
On $1,000 invested$41a year at today's yield, before tax
+14.3%2020 to 2025
Raised1 yearin a row, in our data
Paid per share, each year
$0.22 in 2017 → $1.17 in 2025
How safe it looks
121.2% of its profit
Room to growStretchedMore than it earns: 74.0%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
59No pass
Benjamin Graham
53No pass
Philip Fisher
64Pass
Peter Lynch
52No pass
Joel Greenblatt
44No pass
Charlie Munger
55No pass
Terry Smith
51No pass
Questions about Invitation Homes
Is Invitation Homes a good stock to buy?
A business with weak numbers at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Invitation Homes AI analysis
What does Invitation Homes do?
Invitation Homes is the nation's premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. It is in REIT - Residential, based in Dallas, TX, United States, with 1,725 employees.
Does Invitation Homes pay a dividend?
Yes. At today's price the dividend is 4.1% a year, about 121% of its yearly profit. In 2025 it paid out $713 million in dividends.
Is Invitation Homes stock halal?
No. Invitation Homes does not pass our halal screen: its debt is 54% of its market value, at or above the 33% limit. How we check
How has Invitation Homes stock done over the past year?
Down 6.1% over the past twelve months, to $26.88. It traded between $24.39 and $30.59 and is 12.1% below its high.
Who are Invitation Homes's competitors?
The largest listed companies in the same industry are AvalonBay Communities, Equity Residential, Essex Property and Sun Communities. The peers table on this page compares their profit, growth and price with Invitation Homes's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.