Invitation Homes Inc
- Branche
- REITs
- Börse
- USA
- Land / Region
- USA
- Börsengang
- 1. Februar 2017
- Mitarbeiter
- 1.725
- Website
- www.invitationhomes.com
Zusammengesetzter Bewertungsbereich · konservativ $22–$25 / fair $28–$31 / optimistisch $35–$40. Bei $29.63, Innerhalb des fairen Bereichs des inneren Werts.
Bei Veröffentlichung $29.25 (30. Mai 2026)
Daten von EODHD, dargestellt in der Berichtswährung; nur zu Informationszwecken, keine Anlageberatung.
Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high quality homes in sought after neighborhoods across the United States. As of December 31, 2025, we wholly own 86,192 homes for lease, jointly own 8,006 homes for lease, and provide professional third-party property and asset management services for an additional 15,866 homes, all of which are primarily located in 16 core markets across the country. These homes help meet the needs of a growing share of Americans who count on the ease, flexibility, and savings of leasing. We provide our residents access to updated homes with features they value, as well as close proximity to jobs and good schools. The continued demand for our product proves that the choice and flexibility we offer are attractive to many people. We operate in markets with strong demand drivers, high barriers to entry, and high rent growth potential, primarily in the Western United States, Florida, and the Southeast United States. Through disciplined market and asset selection, as well as through strategic mergers and acquisitions, we designed our wholly and jointly owned portfolios to capture the operating benefits of local density as well as economies of scale that we believe cannot be readily replicated. Since our founding in 2012, we have built a proven, vertically integrated operating platform that enables us to effectively and efficiently acquire, renovate, lease, maintain, and manage both the homes we own and those we manage on behalf of others. The portfolio of homes we own average approximately 1,880 square feet with three to four bedrooms and two bathrooms, appealing to a resident base that we believe is less transitory than a typical multifamily resident. We invest in the upfront renovation of homes in our portfolio in order to address capital needs, reduce ongoing maintenance costs, and drive resident demand Invitation Homes Inc. was incorporated in 6th June 2012 and is based in Dallas, United States.
Geschichte
Invitation Homes Inc. is a single-family rental (SFR) REIT that owns, operates, leases, and manages individual single-family houses for lease across the United States. The company was incorporated on June 6, 2012 and is based in Dallas, Texas; since its founding in 2012 it has built a vertically integrated operating platform that lets it acquire, renovate, lease, maintain, and manage both the homes it owns and those it manages for others. It completed its IPO on February 1, 2017. As of December 31, 2025 it wholly owned 86,192 homes for lease, jointly owned 8,006 homes, and provided third-party property and asset management services for an additional 15,866 homes, primarily located in 16 core markets concentrated in the Western United States, Florida, and the Southeast. The owned portfolio averages approximately 1,880 square feet with three to four bedrooms and two bathrooms. By the first quarter of 2026 it wholly owned 85,970 homes, held 8,016 homes through joint ventures, and managed 15,759 third-party homes, for roughly 109,745 homes owned or managed; in that quarter it also consolidated ResiBuilt, which extended part of the business into homebuilding and build-to-rent and produced its first homebuilding revenues of about $44 million. The company employs about 1,725 people. Full-year 2025 total revenue was $2.729 billion, of which rental and other property income was $2.642 billion and management fee income was $87 million; revenue grew from 2021 through 2025 but decelerated, slowing from 12.1% in 2022 to 4.2% in 2025.
Branchenposition
Invitation Homes operates as an SFR REIT in the U.S. single-family rental market, focusing on markets it describes as having strong demand drivers, high barriers to entry, and high rent-growth potential, primarily in the Western United States, Florida, and the Southeast. Long-term rental demand is supported by housing affordability pressure: Harvard's JCHS research indicates roughly 22.7 million renter households were cost-burdened in 2024, about 49% of all renter households, and management has noted that in its markets leasing a home saves a resident close to $1,000 per month versus buying a comparable one. The single-family rental sector is highly fragmented nationally with low institutional penetration, so the company's role rests on scale and operating efficiency rather than monopoly. As of the first quarter of 2026 it wholly owned 85,970 homes and owned or managed about 109,745 homes, far more than typical local landlords, supporting same-store average occupancy of 96.3% and a bad-debt rate of 0.6%. Its differentiation comes from scale-based purchasing, maintenance dispatch, pricing, data, and financing-cost advantages, local operating density, and access to capital markets; as of the first quarter of 2026 its net debt to TTM Adjusted EBITDAre was 5.6x with 84.3% of debt unsecured and 89.5% fixed-rate or swapped to fixed. The principal comparable public peer is American Homes 4 Rent (AMH); INVH's market capitalization was about $17.73 billion versus AMH's roughly $11.69 billion, and in the first quarter of 2026 AMH still posted same-store Core NOI growth while INVH's same-store NOI was -0.3%.
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