What is Invitation Homes's phoenix — depreciable properties?

Invitation Homes (INVH) reported phoenix — depreciable properties of $1.38B in Q4 2025.

How has Invitation Homes's phoenix — depreciable properties changed year-over-year?

Invitation Homes's phoenix — depreciable properties decreased by 0.3% year-over-year, from $1.38B to $1.38B.

What does phoenix — depreciable properties mean?

The total cost basis of buildings and improvements in the Phoenix market that are subject to depreciation over their useful life. This excludes the value of the underlying land.

Invitation Homes INVH Phoenix — Depreciable Properties

Other geography segments

Atlanta

$1.75B+1.7%

Tampa

$1.68B+3.8%

South Florida

$1.48B-1.2%

Southern California

$1.37B-2.3%

Orlando

$1.12B+5.7%

Carolinas

$1.1B+4.1%

Northern California

$740.17M-2.9%

Denver

$730.51M+7.9%

Seattle

$727.47M-0.9%

Las Vegas

$697.22M-0.4%

Dallas

$680.77M+16.8%

Houston

$428.71M+17.7%

Chicago

$304.09M-0.9%

Jacksonville

$300.54M+13.5%

Minneapolis

$126.48M-2.1%

Nashville

$76.84M+81.9%

Salt Lake City

$39K—

Similar metrics at other companies

PSAPhoenix — Accumulated Depreciation

$195.3M+11.2%

DLRPhoenix — Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements

$806.17M+1.1%

DLRPhoenix — Real Estate Accumulated Depreciation

$464.96M+5.8%

DLRPhoenix — Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements

$399.12M0.0%

DLRPhoenix — Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements

$407.05M+2.3%

PSAPhoenix — Initial Cost, Building & Improvements

$367.87M0.0%

Other financials

Income statement

See full

Revenue$734.1M+8.8%

Net income$160.5M-3.2%

EPS (diluted)$0.26-3.7%

Balance sheet

See full

Cash & equivalents$373.0M+17.1%

Total debt$9.8B+21.0%

Total equity$9.1B-6.5%

Total assets$18.7B+0.7%

Cash flow

See full

Operating cash flow$293.0M-2.5%

CapEx$6.3M-19.4%

Free cash flow$122.4M-2.1%

Valuation

See full

Market cap$18.07B-8.9%

Enterprise value$27.54B-0.8%

P/E31×-5.4×

P/S6.5×-0.9×

Profitability

See full

Operating margin15.5%—

Net margin20.9%+2.9pp

FCF margin43.2%+3.0pp

Returns & leverage

See full

Return on equity6.2%+1.4pp

Debt / equity1.1×+0.2×

Where this comes from

Reported directly by Invitation Homes in its filing.

Tagged under the XBRL concept us-gaap:RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements.

The official record: Invitation Homes’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

Ask your AI about Invitation Homes's phoenix — depreciable properties.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Invitation Homes's phoenix — depreciable properties?: Invitation Homes (INVH) reported phoenix — depreciable properties of $1.38B in Q4 2025.
How has Invitation Homes's phoenix — depreciable properties changed year-over-year?: Invitation Homes's phoenix — depreciable properties decreased by 0.3% year-over-year, from $1.38B to $1.38B.
What does phoenix — depreciable properties mean?: The total cost basis of buildings and improvements in the Phoenix market that are subject to depreciation over their useful life. This excludes the value of the underlying land.