Invitation Homes Inc. | REIT Profile

Symbol: INVH
Exchange: NYSE
Founded: 2012 (10 years)
HQ: Dallas, TX, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Residential

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See INVH on SEC.gov

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About Invitation Homes Inc.

Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes in desirable neighborhoods across America. With nearly 80,000 homes for lease in 13 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools. The company's mission, "Together with you, we make a house a home," reflects its commitment to high-touch service that continuously enhances residents' living experiences and provides homes where individuals and families can thrive.


Invitation Homes Inc. Company Logo

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$35.56 $36.15 $35.14 $35.40 $35.64 $35.64 3,125,142 -$0.09 -0.24% $21,699,957,822 70.70 $45.30 $33.15 -20.76%

Last update: 2022-06-30 12:57:30 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 7.8

Hightlights of Trading Day June 30, 2022


Open Price: $35.4
Closing Price: $35.58
Price Change: -0.06 (-0.168%)
Lowest Price: $35.135
Highest Price: $36.145
52-Week Low: $33.15
52-Week High: $45.30
52-Week Change: -2.55%
5 Day Price Change: 4.67%
1 Month Price Change: -7.53%
3 Month Price Change: -13.58%
6 Month Price Change: -20.22%
YTD Price Change: -20.52%
1 Year Price Change: -3.15%
2 Year Price Change: 36.96%
5 Year Price Change: 84.54%

Dividend of Trading Day June 30, 2022


Dividend Yield: 2.473%*
Annualized Dividend: $0.88*
Dividend Yield (TTM): 2.173%
Annualized Dividend (TTM): $0.7743
Ex-Dividend Date: 2022-05-09
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for INVH.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q1 AFFO $--- $--- ---%
2022 Q1 FFO $--- $--- ---%
2021 Q4 AFFO $--- $--- ---%
2021 Q4 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day June 30, 2022


Total Cash: $467,457,000
Current Debt: $343,561,000
Revenue: $2,053,700,000
Gross Profit: $2,053,700,000
Total Revenue: $2,053,700,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $1,176,199,000
Revenue Per Share: $3
Revenue Per Employee: $1,801,491
Employee: 1,149
Debt to Equity Ratio (D/E): 1.82
Profit Margin: 0.14%
Enterprise Value (EV): $29,139,986,094
Enterprise Value to Revenue (EV/R): 14.19
Price to Sales (P/S): 10.59
Price to Book (P/B): 2.14
Price/Earnings-to-Growth (PEG) Ratio: 1.88
P/E Ratio: 70.75
P/E High: 99.48
P/E Low: 61.53
Forward P/E Ratio: N/A
Market Capitalization: $21,715,215,843
Beta: N/A
Latest Volume: 4,594,700
Avg. Total Volume: 3,974,126
Avg. 10-Day Volume: 4,037,878
Avg. 30-Day Volume: 3,974,126
TTM EPS: 0.50
Shares Outstanding: 610,320,850
Float: N/A
50-Day Moving Avg.: $36.22
200-Day Moving Avg.: $39.75

Latest REIT Community Comments on #INVH


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Properties Owned by INVH


INVH Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $29.32 per share you would have been able to buy 34 shares of INVH on 2021-07-01 costing $996.88 @ $29.32 per share you would have been able to buy 17 shares of INVH on 2021-07-01 costing $498.44 @ $29.32 per share you would have been able to buy 8 shares of INVH on 2021-07-01 costing $234.56 @ $29.32 per share you would have been able to buy 3 shares of INVH on 2021-07-01 costing $87.96 @ $29.32 per share you would have been able to buy 1 shares of INVH on 2021-07-01 costing $29.32
Current worth On 2022-06-30 these 34 shares would be worth $1,209.72 @ $35.58 On 2022-06-30 these 17 shares would be worth $604.86 @ $35.58 On 2022-06-30 these 8 shares would be worth $284.64 @ $35.58 On 2022-06-30 these 3 shares would be worth $106.74 @ $35.58 On 2022-06-30 these 1 shares would be worth $35.58 @ $35.58
Dividends earned $26.52 in dividends would have been earned since 2021-07-01 with 34 shares. $13 in dividends would have been earned since 2021-07-01 with 17 shares. $6.24 in dividends would have been earned since 2021-07-01 with 8 shares. $2.34 in dividends would have been earned since 2021-07-01 with 3 shares. $0.78 in dividends would have been earned since 2021-07-01 with 17 shares.
Net (gain / loss)* 239.36 USD 119.68 USD 56.32 USD 21.12 USD 7.04 USD
ROI** 24.01% 24.01% 24.01% 24.01% 24.01%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by INVH. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
INVH 2022-05-09 0.220 --- 2022-04-22 2022-05-10 2022-05-27
INVH 2022-02-11 0.220 29.41% 2022-02-04 2022-02-14 2022-02-28
INVH 2021-11-08 0.170 --- 2021-10-22 2021-11-09 2021-11-24
INVH 2021-08-09 0.170 --- 2021-07-23 2021-08-10 2021-08-27
INVH 2021-05-10 0.170 --- 2021-04-23 2021-05-11 2021-05-28
INVH 2021-02-09 0.170 13.33% 2021-01-29 2021-02-10 2021-02-26
INVH 2020-11-09 0.150 --- 2020-10-23 2020-11-10 2020-11-25
INVH 2020-08-11 0.150 --- 2020-07-24 2020-08-12 2020-08-28
INVH 2020-05-12 0.150 --- 2020-05-01 2020-05-13 2020-05-29
INVH 2020-02-11 0.150 15.38% 2020-01-31 2020-02-12 2020-02-28
INVH 2019-11-12 0.130 --- 2019-11-01 2019-11-13 2019-11-27
INVH 2019-08-14 0.130 --- 2019-08-02 2019-08-15 2019-08-30
INVH 2019-05-14 0.130 --- 2019-05-03 2019-05-15 2019-05-31
INVH 2019-02-12 0.130 18.18% 2019-02-01 2019-02-13 2019-02-28
INVH 2018-11-13 0.110 --- 2018-11-02 2018-11-14 2018-11-30
INVH 2018-08-15 0.110 --- 2018-08-03 2018-08-16 2018-08-31
INVH 2018-05-14 0.110 --- 2018-05-04 2018-05-15 2018-05-31
INVH 2018-02-12 0.110 37.50% 2018-02-02 2018-02-13 2018-02-28
INVH 2017-10-23 0.080 --- 2017-10-13 2017-10-24 2017-11-07
INVH 2017-08-11 0.080 33.33% 2017-08-04 2017-08-15 2017-08-31

Earnings Press Releases


Below are the Earnings Press Releases for INVH. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2022 Q1 Invitation Homes Reports First Quarter 2022 Results
2021 Q4 Invitation Homes Reports Fourth Quarter 2021 and Full Year 2021 Results
2021 Q3 Invitation Homes Reports Third Quarter 2021 Results
2021 Q2 Invitation Homes Reports Second Quarter 2021 Results

Financial Statements Overview


The next Earnings Report for INVH is 2022-07-27

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Current Cash 467,457,000 610,166,000 569,663,000 126,168,000
Receivables 37,397,000 37,473,000 37,118,000 37,966,000
Inventory 0 0 0 0
Current Assets 759,386,000 897,821,000 896,148,000 452,042,000
Current Assets (Other) 38,840,000 41,490,000 37,880,000 45,932,000
Short Term Investments 38,840,000 41,490,000 37,880,000 45,932,000
Long-term Investments 17,784,836,000 17,640,025,000 17,354,418,000 17,032,569,000
Property, Plant & Equipment Net 17,042,425,000 16,951,917,000 16,666,584,000 16,342,625,000
Goodwill 258,207,000 258,207,000 258,207,000 258,207,000
Intangible Assets 0 0 0 0
Other Assets 124,354,000 95,015,000 83,906,000 50,551,000
Net Tangible Assets 9,924,649,000 9,539,535,000 9,224,773,000 8,321,832,000
Total Assets 18,544,222,000 18,537,846,000 18,250,566,000 17,484,611,000
Accounts Payable 0 0 0 0
Liabilities (Other) 119,921,000 341,583,000 453,448,000 470,879,000
Current Liabilities (Other) 343,561,000 358,800,000 460,736,000 379,619,000
Total Current Liabilities 343,561,000 358,800,000 1,392,625,000 678,018,000
Current Long-term Debt 0 0 931,889,000 298,399,000
Long-term Debt 7,855,608,000 7,998,659,000 6,881,248,000 7,716,038,000
Total Liabilities 8,361,366,000 8,740,104,000 8,767,586,000 8,904,572,000
Minority Interest 42,276,000 41,062,000 40,265,000 39,637,000
Common Stock 606,410,225 598,406,128 577,011,178 567,931,472
Retained Earnings -836,494,000 -794,869,000 -767,232,000 -737,444,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 10,182,856,000 9,797,742,000 9,482,980,000 8,580,039,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Total Revenue 532,310,000 520,225,000 509,532,000 491,633,000
Cost of Revenue 0 0 0 0
Gross Profit 532,310,000 520,225,000 509,532,000 491,633,000
Research and Development 0 0 0 0
Selling General and Admin 17,639,000 19,668,000 19,369,000 19,828,000
Operating Expense 376,671,000 369,384,000 372,433,000 358,226,000
Operating Income 155,639,000 150,841,000 137,099,000 133,407,000
Income Expense Net (Other) 0 0 0 0
EBIT 153,319,000 148,731,000 137,301,000 133,418,000
Interest Income 74,389,000 79,121,000 79,370,000 80,764,000
Pretax Income 93,003,000 74,871,000 69,495,000 60,688,000
Income Tax 0 0 0 0
Minority Interest 388,000 328,000 318,000 350,000
Net Income 92,395,000 74,476,000 69,108,000 60,242,000
Net Income Basic 92,395,000 74,476,000 69,108,000 60,242,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Net Income 92,395,000 74,476,000 69,108,000 60,242,000
Depreciation 155,796,000 151,660,000 150,694,000 145,280,000
Changes in Receivables 37,397,000 37,473,000 37,118,000 37,966,000
Changes in Inventories 0 0 0 0
Cash Change 467,457,000 610,166,000 569,663,000 126,168,000
Cash Flow 235,034,000 125,346,000 312,213,000 229,513,000
Capital Expenditures -77,169,000 -70,340,000 -60,383,000 -52,173,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -289,226,000 -431,248,000 -445,435,000 -160,319,000
Dividends Paid 0 0 0 0
Net Borrowings 7,349,311,000 7,347,003,000 7,205,594,000 7,842,337,000
Cash Flow Financing -81,517,000 303,610,000 586,228,000 -349,829,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
5 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
9 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.7
8 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.2
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.8
7 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
5 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.4
Rating Leverage Section Avg. Rating
6 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.5
5 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.5
7 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.9
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.5
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
Rating Market Cap Section Avg. Rating
6 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 3.8
7.8 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Related REITs


REIT REITRating™ Score Exchange Market Capitalization Sector Country
Invitation Homes Inc. (INVH) 7.8 NYSE Large-Cap Residential United States

Last updated: 2022-07-01 - v3.4