Skip to content
OpenCapital
Get started
Income StatementBalance SheetCash FlowSegments
Invitation Homes logo

Invitation Homes Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Invitation Homes holds $18.7B in total assets. Shareholders' equity is $9.1B against $9.8B in total debt. Cash and equivalents total $373.0M. Based on the Q1 2026 filing.

Total Assets$18.7BTotal Stockholders Equity$9.1BLong Term Debt$8.8BCash And Equivalents$373.0M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$17.4B
P/E Ratio29.82
ROE6.2%

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$61.2M$65.1M$63.5M$66.4M$0$3.1M
Assets held for sale$49.4M$36.7M$30.6M$43.7M$58.6M$77.1M
Cash and cash equivalents$419.7M$318.6M$283.7M$395.7M$354.9M$373M
Current Equity Amortized Cost$715K$495K$404K$577K$826K$614K
Derivative Assets - Fair Value$61.5M$35.5M$20.3M$16.2M$14.4M$23.4M
Derivative Assets - Net Reduction from Master Netting Arrangements$0$0$0$1.1M$1.1M$0
Equity Securities (FV-NI) - Cost Basis$715K$495K$404K$577K$826K$614K
Derivative assets$61.5M$35.5M$20.3M$16.2M$14.4M$23.4M
Net Cash Collateral Received - Derivative Instruments$0$0$0$0$0$0
Net Derivative Assets/(Liabilities) After Master Netting$0—$1.4M$2.6M$2.6M$170K
Operating Lease Income - 2022 (Lessor)—$429.1M$692.9M$997.6M—$447.4M
Operating Lease Income - 2025 (Lessor)—$0$0$0—$0
Operating Lease Receivables (Current)—$1.7B$1.7B$1.7B—$1.8B
Other Receivables————$28.4M$16.9M
Prepaid expenses and other current assets$49.9M$71.5M$58.2M$46M$56.3M$81.8M
Restricted cash$245.2M$234.2M$218.6M$240.3M$224.9M$258.9M
Trading Securities in Marketable Securities$59.4M$60.5M$60.5M$61.7M$62.3M$63M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$11.2B$11.2B$11.2B$11.2B$11.1B$10.7B
Accumulated other comprehensive income (loss)$61M$31.3M$11.6M$7.8M$6.4M$18.5M
Common stock$6.1M$6.1M$6.1M$6.1M$6.1M$5.9M
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Convertible Preferred Stock Authorized Shares900M900M900M900M900M900M
Convertible Preferred Stock Outstanding Shares000000
Noncontrolling interests$35.7M$36.6M$37M$37M$37.8M$37.6M
Preferred stock$0$0$0$0$0$0
Preferred Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Retained earnings-$1.5B-$1.5B-$1.5B-$1.6B-$1.6B-$1.6B
Share-Based Payment - Unrecognized Cost of Nonvested Awards—$60.5M$53.2M$41.5M—$94.5M
Share Repurchase Authorization Limit————$500K—
Total liabilities and stockholders' equity$18.7B$18.6B$18.7B$18.8B$18.7B$18.7B
Total stockholders' equity$9.8B$9.7B$9.7B$9.6B$9.5B$9.1B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contingent Consideration Liability (Non-Current)—$0———$8.5M
Debt Instrument Face Amount$570M$470M$540M$0$145M$560M
Debt Maturity - 2024—$0$0$0—$0
Debt Maturity - 2027—$3B$3.8B$3.2B—$0
Unamortized Discount and Issuance Costs$23.6M$22M$20.4M$18.8M$17.2M$15.6M
Debt - Unamortized Discount (Premium) and Issuance Costs, Net—$57.4M$56.1M$58.1M—$47.8M
Finance lease liabilities$8.6M$8.1M$10.1M$10.1M$13.5M$17.7M
Finance Lease Liabilities (Total)$8.6M$8.1M$10.1M$10.1M$13.5M$17.7M
Operating Lease Liability Payments - 2027 (Lessee)—$3.5M$3.5M$5.1M—$5M
Operating Lease Liability Payments - 2028 (Lessee)—$3M$3M$4.5M—$4.7M
Long-term debt—$8.1B$8.2B$8.2B—$8.8B
Accounts payable, accrued expenses, and other liabilities (includes VIE balances of $159 and $183)$247.7M$250.5M$308.3M$407.3M$230.4M$257.5M
Unsecured debt$2.4B$2.4B$2.4B$2.4B$2.5B$2.5B
Operating Lease Liabilities (Total)$21.9M$24M$25.6M$36.3M$35.5M$38M
Other non-current liabilities$277.6M$285.4M$289.2M$297.9M$317.5M$325.6M
Senior unsecured notes, net$3.8B$3.8B$3.8B$4.4B$4.4B$4.4B
Secured Borrowings Cash Right to Reclaim$0$0$0$0$0$0
Secured Debt$1.4B$1.4B$1.4B$1.4B$1.4B$1.4B
Total Carrying Value of Debt—$8.2B$8.3B$8.3B—$8.9B
Total liabilities$8.9B$8.8B$9B$9.1B$9.1B$9.6B

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract liabilities————$0$480K
Current portion of long-term debt—$0$0$0—$988M
Deferred revenue—————$328.4M
Derivative Liabilities - Fair Value$0$0$1.4M$1.5M$1.5M$170K
Derivative Liabilities - Not Offset Policy Election Deduction$0$0$0$1.1M$1.1M$0
Derivative Liabilities Offset$0$0$0$1.1M$1.1M$0
Dividends payable—$178M$178M$178M—$179.3M
Derivative liabilities$0$0$866K$0$0$0
Finance Lease Liability Payment Due—$8.9M$11M$11.1M—$19.5M
Finance Lease Liability - Undiscounted Excess Amount—$746K$958K$921K—$1.7M
Lease Liability Payments - 2020 (Remaining Three Months)—$3.5M$2.6M$1.3M—$4.2M
Lease Liability Payments - 2021—$3.1M$3.8M$4.1M—$6.3M
Operating Lease Liability Payments - 2024 (Lessee)—$4.1M$4.1M$5.6M—$5.6M
Operating Lease Liability Payments - 2025 (Lessee)—$3M$3M$4.5M—$4.7M
Lease Liability Payments - Due Year Two—$2.6M$3.4M$3.6M—$4.4M
Lease Liability Payments - Due Year Three—$3.5M$3.5M$5.1M—$5M
Lease Liability Payments - Due Year Four—$3M$3M$4.5M—$4.7M
Lease Liability Payments - Remainder of Fiscal Year—$2.4M$2M$1M—$5.1M
Operating lease liabilities, current$21.9M$24M$25.6M$36.3M$35.5M$38M
Operating Lease Liability Payments Due—$30.9M$33.2M$47.8M—$49.1M
Operating Lease Liability - Undiscounted Excess Amount—$7M$7.6M$11.5M—$11.2M
Security deposits$180.9M$183.7M$184.7M$184.3M$184.5M$187.1M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$715K$495K$404K$577K$826K$614K
Deferred Revenue Timing Percentage—————50.0%
Fair Value Measurement Disclosure$0$0$2.2M$2.6M$2.6M$170K
Gross Assets/Liabilities$0$0$2.2M$2.6M$2.6M$170K
Interest Rate Hedge Reclassification (Next 12 Months)—$9.8M$13M$8.4M—$9.8M
Operating Lease Income - 2023 (Lessor)—$0$0$0—$0
Operating Lease Income - 2024 (Lessor)—$0$0$0—$0
Business Combination, Contingent Consideration, Liability—$0———$8.5M
Percentage ownership of the combined entity after the transaction—99.7%99.7%99.7%—99.6%
Capitalized acquisition costs, net$140.2M$141.6M$145.2M$146.5M$148.7M$147.9M
Capitalized HOA fees, net$3.7M$3.8M$3.8M$3.8M$3.8M$3.7M
Capitalized insurance, net$5.2M$5.2M$5.2M$5.2M$5.1M$5.1M
Capitalized property taxes, net$31.7M$31.7M$31.8M$31.6M$31.5M$31.2M
Common stock, par value (in dollars per share)$0$0$0$0$0$0
Common stock, shares authorized (in shares)$9B$9B$9B$9B$9B$9B
Common Stock, Shares, Outstanding$612.6M$612.9M$613M$613M$610.8M$594M
Construction and development loan receivables————$6M$15.4M
Loan receivables, funded amount—————$16.9M
Number of loans funded—————4.00
Remaining commitments amount—————$155.8M
Construction work in progress————$0$5.7M
Homebuilding receivables and contract assets————$0$28.2M
Contract with Customer, Asset, after Allowance for Credit Loss————$0$3.1M
Contract with Customer, Liability————$0$480K
Accounts receivable————$0$19.4M
Long-term debt, gross—$8.2B$8.3B$8.3B—$8.9B
Less: net unamortized discount—$23.6M$22.8M$25.1M—$23.3M
Debt Issuance Costs Line Of Credit Arrangements Gross—$25.6M$25.6M$25.6M—$25.6M
Debt Issuance Costs, Line of Credit Arrangements, Net$23.6M$22M$20.4M$18.8M$17.2M$15.6M
Deposit Assets$94M$90.4M$84.9M$64.5M$39.4M$23.3M
Derivative Asset, Subject to Master Netting Arrangement, after Offset$61.5M—$19.4M$16.2M$14.4M$23.4M
Derivative Asset, Subject to Master Netting Arrangement, Liability Offset$0$0$866K$0$0$0
Derivative, gross, assets$61.5M$35.5M$20.3M$16.2M$14.4M$23.4M
Derivative Asset, Including Not Subject to Master Netting Arrangement, after Offset and Deduction$61.5M$35.5M$19.4M$15.2M$13.2M$23.4M
Derivatives, gross, liabilities$0$0$2.2M$2.6M$2.6M$170K
Derivative Liability, Including Not Subject to Master Netting Arrangement, after Offset and Deduction$0$0$1.4M$1.5M$1.5M$170K
Derivative Liability, Subject to Master Netting Arrangement, after Offset$0—$1.4M$2.6M$2.6M$170K
Derivative Liability, Subject to Master Netting Arrangement, Asset Offset$0$0$866K$0$0$0
Potential reduction in net position of total derivative liabilities$0$0$0$1.1M$1.1M$0
Unrecognized share-based compensation costs for non-vested restricted stock awards, net of expected forfeitures—$60.5M$53.2M$41.5M—$94.5M
Equity method investments (Note 11)$241.6M$241.9M$232.6M$255.9M$254.6M$250.6M
Investments in equity and other securities$60.1M$61M$60.9M$62.2M$63.1M$63.6M
Cost$715K$495K$404K$577K$826K$614K
Trading securities, cost$59.4M$60.5M$60.5M$61.7M$62.3M$63M
ROU lease assets — operating and finance, net$28.8M$30M$33.1M$43.6M$45.9M$52.2M
Finance Lease Liability Payments Due—$8.9M$11M$11.1M—$19.5M
2027—$3.1M$3.8M$4.1M—$6.3M
Finance Lease Liability Payments Due Year Four—$11K$362K$539K—$422K
Finance Lease Liability Payments Due Year Three—$751K$1.5M$1.8M—$3.2M
Finance Lease Liability Payments Due Year Two—$2.6M$3.4M$3.6M—$4.4M
Thereafter—$0$0$0—$0
Finance Lease Liability Undiscounted Excess Amount—$746K$958K$921K—$1.7M
Finance Lease, Right-of-Use Asset, after Accumulated Amortization$9.1M$8.5M$10.5M$10.5M$13.8M$18M
Thereafter—————$10M
Finite-Lived Intangible Assets, Accumulated Amortization—————$7.2M
2028—————$10.8M
2030—————$7M
Remainder of 2026—————$8.1M
2027—————$10.8M
2029—————$10.3M
Gross Carrying Amount—————$64.2M
Gains expected to be reclassified—$9.8M$13M$8.4M—$9.8M
Single-family residential property$16.5B$16.6B$16.9B$17B$17B$17.1B
Land and construction in progress————$23.8M$31.5M
Finance leases6.0%6.0%6.0%6.0%5.9%5.8%
Lessee Operating Lease Discount Rate$0.1$0.1$0.1$0.1$0.1$0.1
Lessee Operating Lease Liability Payments Due—$30.9M$33.2M$47.8M—$49.1M
Thereafter—$12.6M$15.8M$26.1M—$23.5M
Lessee Operating Lease Liability Undiscounted Excess Amount—$7M$7.6M$11.5M—$11.2M
Thereafter—$0$0$0—$0
Remainder of fiscal 2026—$1.3B$1B$557.5M—$1.3B
Limited Partners Capital Account Units Outstanding—2M2.1M2.1M—2.2M
Amount outstanding under the credit facility$570M$470M$540M$0$145M$560M
2028—$989M$988M$988M—$3.8B
2029—$3B$3.8B$3.2B—$0
2030—$725M$0$0—$450M
2027—$0$0$0—$988M
Remainder of 2026—$0$0$0—$0
Thereafter—$3.5B$3.5B$4.1B—$3.7B
Noncontrolling interests in subsidiaries$35.7M$36.6M$37M$37M$37.8M$37.6M
Number properties held-for-sale237.00187.00163.00211.00278.00320.00
Other$43.5M$45.2M$50.6M$52.6M$39.3M$37.9M
Other receivables————$28.4M$16.9M
Preferred Stock, Par or Stated Value Per Share$0$0$0$0$0$0
Preferred Stock, Shares Authorized$900M$900M$900M$900M$900M$900M
Preferred Stock, Shares Outstanding$0$0$0$0$0$0
Number of core markets—16.0016.0016.00—16.00
Number of real estate properties—24996.0085905.0086139.00—85970.00
Real Estate Inventory Capitalized Interest Costs$78.8M$79.2M$79.3M$79.3M$79.1M$78.6M
Other real estate investments, Carrying Value$576M$577.6M$584.9M$587.3M$594.4M$593.6M
Receivables, Net————$66.2M$89.1M
Rent Receivables————$31.8M$28.6M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—————$328.4M
Share Repurchase Program, Authorized, Amount————$500K—
Remainder of Fiscal Year 2024—$0$0$0—$0
Remainder of Fiscal Year 2025—————$8.1M
Weighted-Average Discount Rate5.6%6.0%5.6%5.7%5.7%5.7%

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Equity Amortized Cost$715K$495K$404K$577K$826K$614K
Equity method investments$241.6M$60.5M$60.5M$61.7M$62.3M$63M
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments$59.4M$60.5M$60.5M$61.7M$62.3M$63M
Available-for-sale securities$715K$495K$404K$577K$826K$614K
Held-to-maturity securities$54.6M$54.7M$54.8M$54.9M$55M$55.1M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)—————$7M
Finite Lived Intangible Assets - Gross—————$64.2M
Goodwill$258.2M$258.2M$258.2M$258.2M$258.2M$314.2M
Intangible assets, net—————$57M
Investments - Amortized Cost Basis$59.4M$60.5M$60.5M$61.7M$62.3M$63M
Investments - Cost Basis$715K$495K$404K$577K$826K$614K
Net Investment in Lease$19.8M$1.7B$1.7B$1.7B$32.1M$1.8B
Intangible assets — net—————$57M
Fixtures And Equipment Gross$133.9M$135.5M$140.8M$142.3M$145.7M$146.1M
Other intangible assets—net————$19.4M$57M
Operating lease right-of-use assets$19.8M$21.5M$22.7M$33.1M$32.1M$34.2M
Other Assets$569.3M$556.1M$525.5M$516.7M$538M$648.6M
Real Estate Investment Property, Net$17.2B$17.2B$17.4B$17.4B$17.3B$17.1B
Operating Lease Income - 2026 (Lessor)—$16.8M$53.1M$98.2M—$19.1M
Operating Lease Income - 2027 (Lessor)—$0$0$0—$0
Operating Lease Income - 2028 (Lessor)—$0$0$0—$0
Operating Lease Right-of-Use Assets in Other Assets$19.8M$21.5M$22.7M$33.1M$32.1M$34.2M
Other non-current assets$569.3M$1.7B$1.7B$1.7B$538M$1.8B
Accumulated depreciation$4.9B$5B$5.2B$5.3B$5.5B$5.6B
Buildings and improvements$17.2B$17.3B$17.6B$17.7B$17.8B$17.8B
Construction in progress————$0$5.7M
Furniture, fixtures and equipment$133.9M$135.5M$140.8M$142.3M$145.7M$146.1M
Land$4.9B$4.9B$5B$5B$5B$5B
Property and equipment, net$42.7M$44M$48.1M$47.7M$56.6M$56.4M
Investment properties, at cost$22.1B$22.2B$22.5B$22.7B$22.8B$22.8B
Investment in unconsolidated entities—$167M$164M$143.6M—$101.1M
Total assets$18.7B$18.6B$18.7B$18.8B$18.7B$18.7B