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INVH · Invitation Homes Inc. · Financials

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$27.00 +0.29 (+1.09%) At close · Oct 20
Market Cap
$15.95B
Shares
590.62M
Volume · Oct 20 5.01M Avg daily vol (3M) 4.66M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$2.73B +4.2%
FY2025 Revenue FY2015–FY2025
Net Income
$587.92M +29.5%
FY2025 Net Income FY2015–FY2025
Operating Margin
11.21% -9.5pp
FY2017 Operating Margin FY2015–FY2017
Diluted EPS
$0.96 +29.7%
FY2025 Diluted EPS FY2018–FY2025
Operating Cash Flow
$1.21B +11.5%
FY2025 Operating Cash Flow FY2015–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015
$2.86B $2.73B $2.62B $2.43B $2.24B $2B $1.82B $1.76B $1.72B $1.05B $922.59M $59.54M
— $2.64B $2.55B $2.42B $2.23B $1.99B $1.82B $1.76B $1.72B $1.05B $877.99M $800.21M
$1.01B $985.59M $935.27M $880.34M $786.35M $706.16M $680.54M $669.99M $655.41M $391.5M $360.33M $347.96M
$103.79M $95.25M $90.61M $82.34M $74.03M $75.82M $63.31M $74.27M $98.76M $167.74M $69.1M $79.43M
$1.99M $657K $506K $427K $310K $650K $4.58M $14.21M $6.71M $2.23M $2.28M $1.45M
$1.37B — — — — — — — — $936.25M $731.81M $721.67M
$2.5B $2.34B $2.33B $2.07B $1.92B $1.78B $1.71B $1.73B $1.78B $1.19B $1.02B —
$251.32M — — — — — — — — $118.21M $190.78M $114.38M
— — — — — — — — — 11.21% 20.68% 192.12%
$370.96M $353.33M $366.07M $333.46M $304.09M $322.66M $353.92M $367.17M $383.6M $256.97M $286.05M $273.74M
-$5.91M -$4.35M -$52.99M -$2.09M -$11.26M -$5.84M -$86K $5.12M $6.96M -$257.93M -$287.61M -$276.86M
$319.38M $218.24M $244.55M $183.54M $90.7M $60.01M $54.59M $96.34M $49.68M $33.9M $18.59M $2.27M
-$7.07M -$11.61M -$28.45M -$17.88M -$9.61M -$1.55M $0 $0 $596K — — —
— — — $253K $150K $551K $870K $2.49M $1.24M — — —
$660.65M $587.92M $453.92M $519.47M $383.33M $261.43M $196.21M $145.46M -$4.93M -$105.34M -$78.24M -$160.21M
— 21.54% 17.33% 21.36% 17.13% 13.09% 10.76% 8.24% -0.29% -9.99% -8.48% -269.1%
$2.33M $1.99M $1.45M $1.56M $1.47M $1.35M $1.24M $1.65M -$86K -$489K $0 $0
$658.75M $586.96M $453.16M $518.77M $382.67M $261.1M $195.76M $145.07M -$5.74M — — —
$682.03M $533.37M $451.18M $485.19M $768.18M $521.98M -$74.13M -$115.89M -$65.7M -$57.45M -$78.24M -$160.21M
USD/shares $1.09 $0.96 $0.74 $0.85 $0.63 $0.45 $0.35 $0.27 -$0.01 — — —
USD/shares $1.09 $0.96 $0.74 $0.85 $0.63 $0.45 $0.35 $0.27 -$0.01 — — —
shares — 612.95M 612.55M 611.89M 609.77M 577.68M 553.99M 531.24M 520.38M — — —
shares — 613.18M 613.63M 613.29M 611.11M 579.21M 555.46M 532.5M 520.38M — — —
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2015–FY2025: $53.21M in buybacks, $4.56B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Latest reported total
USD 8,458,400,000
As of Dec 31, 2025
Tracked instruments
1
Loans, facilities and note series
Annual baseline
Dec 31, 2025
Latest approved annual total
Reported total debt history
As of Reported label Amount Source
2025-12-31 aggregate principal amount of indebtedness outstanding USD 8,458,400,000 10-K filed 2026-02-19
As of December 31, 2025 we had $8,458.4 million aggregate principal amount of indebtedness outstanding.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Finance lease liabilities 2026-06-30 USD 18,442,000 10-Q filed 2026-07-30
Long-term debt, including current maturities 2026-06-30 USD 8,526,691,000 10-Q filed 2026-07-30
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Line of credit borrowings, including current maturities
USD 280,000,000
Secured debt, including current maturities
USD 1,385,098,000
Unsecured debt, including current maturities
USD 2,458,754,000
Operating lease liabilities 2026-06-30 USD 40,567,000 10-Q filed 2026-07-30
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
2 filings have incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

4.950% Senior Notes due 2032

Note · Invitation Homes Operating Partnership LP

Reference: 4.950% Senior Notes due 2032

Active
Original principal
USD 500,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Feb 1, 2032

Last reported interest terms: 4.95% Reported 2026-07-08 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-07-08 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2026-07-08
    On July 8, 2026, Invitation Homes Operating Partnership LP (the “Issuer”), a Delaware limited partnership and the principal operating subsidiary of Invitation Homes Inc., a Maryland corporation (the “Company”), closed an underwritten public offering of $500 million aggregate principal amount of its 4.950% Senior Notes due 2032 (the “Notes”).
    Issuer evidence: On July 8, 2026, Invitation Homes Operating Partnership LP (the “Issuer”), a Delaware limited partnership and the principal operating subsidiary of Invitation Homes Inc., a Maryland corporation (the “Company”), closed an underwritten public offering of $500 million aggregate principal amount of its 4.950% Senior Notes due 2032 (the “Notes”).
    Supporting evidence: The Notes bear interest at 4.950% per annum. Interest is payable on February 1 and August 1 of each year, beginning February 1, 2027, until the maturity date of February 1, 2032.
    Supporting evidence: On July 8, 2026, Invitation Homes Operating Partnership LP (the “Issuer”), a Delaware limited partnership and the principal operating subsidiary of Invitation Homes Inc., a Maryland corporation (the “Company”), closed an underwritten public offering of $500 million aggregate principal amount of its 4.950% Senior Notes due 2032 (the “Notes”).
    Supporting evidence: On July 8, 2026, Invitation Homes Operating Partnership LP (the “Issuer”), a Delaware limited partnership and the principal operating subsidiary of Invitation Homes Inc., a Maryland corporation (the “Company”), closed an underwritten public offering of $500 million aggregate principal amount of its 4.950% Senior Notes due 2032 (the “Notes”).
  2. Issuance · 2026-06-30 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2026-07-06
    ### On June 30, 2026, Invitation Homes Inc., a Maryland corporation (the “Company”), Invitation Homes Operating Partnership LP (the “Issuer”), a Delaware limited partnership and the principal operating subsidiary of the Company, Invitation Homes OP GP LLC, a Delaware limited liability company, the sole general partner of the Issuer and a wholly-owned subsidiary of the Company (the “General Partner”), and IH Merger Sub, LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Company (together with the Company and the General Partner, the “Guarantors”) entered into an underwriting agreement (the “Underwriting Agreement”) with Wells Fargo Securities, LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC and U.S. Bancorp Investments, Inc., as representatives of the several underwriters named therein, with respect to the underwritten public offering of $500 million aggregate principal amount of the Issuer’s 4.950% Senior Notes due 2032 (the “Notes”), which will be fully and unconditionally guaranteed, jointly and severally, by the Guarantors. A copy of the Underwriting Agreement is attached as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.
    Issuer evidence: ### On June 30, 2026, Invitation Homes Inc., a Maryland corporation (the “Company”), Invitation Homes Operating Partnership LP (the “Issuer”), a Delaware limited partnership and the principal operating subsidiary of the Company, Invitation Homes OP GP LLC, a Delaware limited liability company, the sole general partner of the Issuer and a wholly-owned subsidiary of the Company (the “General Partner”), and IH Merger Sub, LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Company (together with the Company and the General Partner, the “Guarantors”) entered into an underwriting agreement (the “Underwriting Agreement”) with Wells Fargo Securities, LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC and U.S. Bancorp Investments, Inc., as representatives of the several underwriters named therein, with respect to the underwritten public offering of $500 million aggregate principal amount of the Issuer’s 4.950% Senior Notes due 2032 (the “Notes”), which will be fully and unconditionally guaranteed, jointly and severally, by the Guarantors. A copy of the Underwriting Agreement is attached as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.
    Supporting evidence: ### On June 30, 2026, Invitation Homes Inc., a Maryland corporation (the “Company”), Invitation Homes Operating Partnership LP (the “Issuer”), a Delaware limited partnership and the principal operating subsidiary of the Company, Invitation Homes OP GP LLC, a Delaware limited liability company, the sole general partner of the Issuer and a wholly-owned subsidiary of the Company (the “General Partner”), and IH Merger Sub, LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Company (together with the Company and the General Partner, the “Guarantors”) entered into an underwriting agreement (the “Underwriting Agreement”) with Wells Fargo Securities, LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC and U.S. Bancorp Investments, Inc., as representatives of the several underwriters named therein, with respect to the underwritten public offering of $500 million aggregate principal amount of the Issuer’s 4.950% Senior Notes due 2032 (the “Notes”), which will be fully and unconditionally guaranteed, jointly and severally, by the Guarantors. A copy of the Underwriting Agreement is attached as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.
    Supporting evidence: ### On June 30, 2026, Invitation Homes Inc., a Maryland corporation (the “Company”), Invitation Homes Operating Partnership LP (the “Issuer”), a Delaware limited partnership and the principal operating subsidiary of the Company, Invitation Homes OP GP LLC, a Delaware limited liability company, the sole general partner of the Issuer and a wholly-owned subsidiary of the Company (the “General Partner”), and IH Merger Sub, LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Company (together with the Company and the General Partner, the “Guarantors”) entered into an underwriting agreement (the “Underwriting Agreement”) with Wells Fargo Securities, LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC and U.S. Bancorp Investments, Inc., as representatives of the several underwriters named therein, with respect to the underwritten public offering of $500 million aggregate principal amount of the Issuer’s 4.950% Senior Notes due 2032 (the “Notes”), which will be fully and unconditionally guaranteed, jointly and severally, by the Guarantors. A copy of the Underwriting Agreement is attached as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
8.55×
Peer median 9.65×
EV/EBIT
—
Peer median 30.84×
P/E (TTM)
24.77×
Peer median 28.29×

Peer medians compare against the 11 similar-size REIT - Residential companies (of 21 listed).

Valuation over time computed as of each quarter's filing date

Key facts CIK 1687229 CUSIP 46187W107 13F (30d) 90 filings 79 filers Visit website Investor relations