Invitation Homes
Invitation Homes is a leading owner and operator of single-family homes for lease, focused on providing high-quality housing in sought-after neighborhoods across the United States. The company leverages a vertically integrated operating platform to manage the entire lifecycle of residential properties, including acquisition, renovation, leasing, and maintenance. Its core value proposition centers on offering residents the flexibility of leasing with the benefits of professional property management in markets with strong demand and high barriers to entry.
Financials
Based on Q1 2026 filing
Revenue
View metricNet Income
View metricOperating Cash Flow
View metricFree Cash Flow
View metricEPS (Diluted)
View metricBusiness Segments
Owned Properties
primaryThe primary business activity involving the acquisition, renovation, and leasing of single-family homes held directly on the balance sheet or through joint ventures. This segment focuses on long-term rental income and capital appreciation in core markets.
Single-family rental homes, ProCare proactive maintenance, Smart home technology packages
Individual renters, Families, Millennial renters
Third-Party Management Services
moderateProfessional property and asset management services provided to external portfolio owners and unconsolidated joint ventures. This leverages the company's existing operational infrastructure to generate fee-based income.
Professional property management, Asset management services, Third-party leasing services
Institutional real estate investors, Joint venture partners, Third-party property owners
Development and Construction
minorInternal home building and land development capabilities focused on creating purpose-built rental communities. This segment also includes a developer lending program to finance third-party builders for future acquisition pipelines.
ResiBuilt homes, Built-to-rent communities, Developer lending financing
Homebuilders, Internal portfolio
Segment Financials
Minneapolis — Number of Properties
View metricReportable Segment — Fixed expenses
View metricOrlando — Number of Properties
View metricReportable Segment — Property operating and maintenance
View metricDenver — Number of Properties
View metricSouthern California — SEC Schedule III Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
View metricDenver — SEC Schedule III Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
View metricBusiness Overview
Competitive Position
A leading institutional owner of single-family rentals with a concentrated footprint in 16 core markets, utilizing significant local density to achieve economies of scale.
Geographies
United States, Western United States, Florida, Southeast United States
Customer Segments
Residential tenants, Institutional investors
Upstream Dependencies
Homebuilders, Building material suppliers, Land developers, Municipalities (zoning/permitting)
Downstream Customers
Individual residents, Joint venture partners, Institutional property owners
Competitors & Partners
Competitors
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Partners
Subsidiaries
ResiBuilt Homes, LLC
Fee homebuilder specializing in single-family rental communities
INVH LP
The primary operating partnership through which the company conducts business
Invitation Homes OP GP LLC
General partner of the operating partnership
Invitation Homes FAQ
Common questions about Invitation Homes
Invitation Homes is a leading owner and operator of single-family homes for lease, focused on providing high-quality housing in sought-after neighborhoods across the United States. The company leverages a vertically integrated operating platform to manage the entire lifecycle of residential properties, including acquisition, renovation, leasing, and maintenance. Its core value proposition centers on offering residents the flexibility of leasing with the benefits of professional property management in markets with strong demand and high barriers to entry.
Invitation Homes (INVH) has a market capitalization of $17.4B and trades on NYSE.
Invitation Homes generated $2.8B in trailing twelve-month revenue with net income of $582.7M, representing a net margin of 20.9%. These figures are based on the Q1 2026 filing.
Invitation Homes's key competitors include American Homes 4 Rent, AvalonBay Communities, Inc., W.P. Carey Inc. (REIT), and others. These companies compete in similar markets and product categories.
Invitation Homes has approximately 1,555 employees.